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Blog: Recovery and Insolvency

Chris Ferguson

When should I contact an insolvency practitioner?

According to the latest official Insolvency Service, England and Wales are currently experiencing the highest rates of corporate insolvency in 14 years. What this translates to is an increasing number of North East businesses struggling to keep up with cost increases and revenue headwinds, becoming closer to no longer being financially viable. Appointing an insolvency

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Restructuring Advisors say Charity Sector facing a challenging 2023

The number of charities in financial difficulty is expected to rise this year as a result of the increasing economic challenges facing the sector. That is the view of a North East restructuring expert, Chris Ferguson, who is Head of Recovery & Insolvency at RMT Accountants & Business Advisors based in Gosforth, Newcastle. His advice

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R3 North East Deputy Chair Responds to Deadline Extension For Debt Enforcement Actions Restrictions

The government’s decision to extend its pandemic business support measures is a ‘further and possibly final window’ for COVID-hit businesses to get their finances in order, according to the North East deputy chair of insolvency and restructuring trade body R3. Chris Ferguson was speaking after Treasury minister Steve Barclay announced in the House of Commons

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Chris Ferguson

Reviewing Your Business Finances For Post-Covid Recovery

By Chris Ferguson, head of recovery and insolvency at RMT Accountants & Business Advisors If you’d been standing at a New Year’s Eve party in 2019 contemplating the coming year, the chances are that you didn’t quite foresee the turmoil that lay ahead… The onset of the Covid-19 pandemic and everything that came with it

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DOZENS OF NORTH EAST JOBS SAVED

Dozens of North East jobs have been saved after a buyer was found for one of the Tanfield Group plc’s divisions. Tanfield Engineering Systems Ltd was placed into administration in November last year by its directors after posting substantial losses in the previous financial year.

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Insolvency and Liquidation

There are many different ways of dealing with company debt. In most cases, an authorised insolvency practitioner will be appointed to manage a company’s affairs once insolvency proceedings start. If you think your company is in danger of becoming insolvent you should take independent professional advice at the earliest possible stage. A company is insolvent

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