Laura

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About Laura Batchelor

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So far Laura Batchelor has created 32 blog entries.

What are my rights as an employee if my employer is insolvent?

If your employer is insolvent and enters Liquidation, Administration or a Company Voluntary Arrangement (CVA), it will probably have an impact on your employment status. Your first concerns are likely to be around whether you still have a job, whether you will still be paid and how to make sure your rights are protected. The first thing to have in mind is that all employees have special rights. If your employer is unable to pay you because they have become insolvent, then you are entitled to make a claim on the National Insurance Fund (NIF) - a process administered by [...]

What are my rights as an employee if my employer is insolvent?2019-07-17T09:53:39+00:00

British Steel’s Decline

If you like things Retro it’s difficult to see what else to add to the mix in the UK Economy at the moment other than double-digit interest rates and no membership of the European Union if you fancy a taste of the 1970s. Not since the time of the Conservative government of the mid-1970s have we had such a heady mix of political turmoil, party-political in-fighting, European dis-harmony and economic disruption. The sad news today of British Steel’s decline into insolvency was an ever-present theme of the late 20th Century and the blame squarely placed on the rise of the [...]

British Steel’s Decline2019-05-31T08:33:05+00:00

Peer to Peer Lending

Peer to Peer lending can take a variety of forms but it is basically a mechanism for those with accessible wealth to lend to others with less accessible wealth.  The lenders may look like a bank, they may look like a syndicate or they may be individuals but essentially, they act like a bank (without the clearing or cashiering function) and without the same regulatory framework.

Peer to Peer Lending2019-05-20T15:08:17+00:00

Mental Health and Debt

According to The Money Saving Expert’s guide to mental health and debt 40% of people who have had mental health problems also have severe or crisis debts. Often, the reason that people get into debt is not due to careless spending, it is due to lifestyle reasons such as not having enough income to cover outgoings, struggling to organise finances, and major life changes such as losing your job or losing a loved one. Although very common, the link between debt and mental health is not often discussed. Just as debt can lead to issues with mental health, existing mental health [...]

Mental Health and Debt2019-05-13T08:20:58+00:00

North West Specialist Commercial Contractor with 40 year history enters Administration

Clovemead Limited, a highly regarded and familiar name in the North West with a significant national presence since 1980, went into Administration on Monday 11 March. The firm appointed Partners, Allan Cadman and Charles Brook, as Joint Administrators. The independent contracting specialist company with expertise across construction, minor works, fuel systems and signage has a reputation for quality and safety, with each division working seamlessly across various disciplines to provide clients in a variety of highly specialised, secure and regulated environments with fully managed solutions. Operating out of premises in Warrington and Widnes the company employs over 50 staff and [...]

North West Specialist Commercial Contractor with 40 year history enters Administration2019-03-15T11:47:27+00:00

What does an Insolvency Practitioner do and when might you need one?

What is an Insolvency Practitioner (IP)? An Insolvency Practitioner (IP) is someone who is licensed and authorised to act on behalf of and provide advice to companies, organisations and individuals when they are facing financial difficulties.  An IP is more often than not approached directly by a company Director (sometimes at the introduction of another professional advisor such as an Accountant) seeking help in dealing with their distressed company.  Alternatively, in a compulsory liquidation by the Courts brought about when an unpaid creditor presents a winding-up petition, the Official Receiver first acts as the liquidator after which an IP may [...]

What does an Insolvency Practitioner do and when might you need one?2019-03-06T11:45:52+00:00

Debt levels soaring amongst the UK’s self-employed

According to recent research carried out by the SME advice service, Business Debtline, small business owners and those self-employed are experiencing high levels of debt. There is an increasing concern for this, as these people make up 15% of the country’s total employed population and the tendency for more and more workers to become self-employed is leaving thousands of people in debt.

Debt levels soaring amongst the UK’s self-employed2019-02-15T09:56:57+00:00

How Huddersfield town centre has become unattractive for investment or commercial regrowth

It is difficult to imagine any self-respecting town not having an M&S on its High Street.  Whilst M&S are taking steps to improve their trading performance on a national basis, there is something of an indictment of any reasonably sized conurbation if it can’t sustain their model.

How Huddersfield town centre has become unattractive for investment or commercial regrowth2019-01-18T12:05:42+00:00

Late Payment of Invoices

Small businesses are the backbone of our economy and in the last 5 years, the amount owed to smaller businesses in late payment has more than halved but we want to see payment practices improve even further. Research carried out by R3 earlier this year found that late payment of invoices was the most common sign of business distress among companies in the North East, North West, Yorkshire and Humberside, with more than a quarter (27%) of them saying they were owed payment on invoices that were 30 days past their due date. A 2016 R3 survey of the insolvency [...]

Late Payment of Invoices2019-01-15T11:58:22+00:00