Skip to content

Blog: Recovery and Insolvency

Midlands Solicitors’ Firm Saved By CVA After HMRC Winding-Up Petition

A long-established solicitors’ firm has been rescued by a Company Voluntary Arrangement after HMRC presented a winding-up petition over substantial historic tax arrears. The company is a Solicitors Regulatory Authority (SRA) regulated law firm with a strong local reputation and a long history of providing accessible legal services to individuals and families. It employs 23

Read more

RMT Recovery Team Moves To Cavendish Square

RMT Accountants & Business Advisors has moved into new premises in Cavendish Square, strengthening its presence in London and the wider south of England. The office will focus on business recovery and restructuring services, supporting the firm’s continued growth in the region. Leading the expansion is Manjit Shokar, Head of Recovery and Insolvency for London

Read more
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

Read more
wavey lines

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

Read more
wavey lines

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

Read more
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

Read more
wavey lines

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.

Read more