Private: Latest News

SME loans on the rise

It was announced recently that the number of new loans to small and medium-sized enterprises (SMEs) increased in the first quarter of 2018. According to data from UK Finance, in total there were 73,971 approvals between the start of January and the end of March, as opposed to 72,272 for […]

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New research shows the far-reaching effects of insolvency

As discussed in a Walsh Taylor article back in May, Carillion’s collapse at the start of the year had and continues to have a profound impact on the country’s entire construction industry. New research undertaken by trade body R3 has discovered that the impact of insolvency is just as punishing […]

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Retrospective tax measures may cause bankruptcy

The April 2019 loan charge was called into question once again last month when an MP raised concerns over the possibility of thousands of workers being made bankrupt because of the retrospective measures. Stephen Lloyd MP, who represents the Liberal Democrats, branded the legislation as ‘immoral’ and ‘unfair’, and said […]

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The importance of cashflow and seeking early advice

A piece in the Independent earlier this month outlined results of a poll which found that a third of Britons think they have an idea that could ‘make them millions’. Though the reasons as to why these have never been actioned vary, with some citing the expense of modern living […]

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UK retailers struggling as a result of a drop in sales

The British Retail Consortium’s (BRC) most recent health check has shown that retail sales were down by 3.1% in April, leaving retailers across the country struggling. Representing the largest drop since the BRC launched its survey back in 1995, the dip has been attributed to a number of causes, including […]

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When should you turn to an insolvency practitioner?

At Walsh Taylor we are always keen to stress that you can get in touch with us as soon as you foresee any financial problems occurring in the future, and not just when they have already arisen. Many believe that insolvency practitioners are called in once a business has become […]

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Walsh Taylor continues to sponsor Yorkshire Young Achievers Awards

Walsh Taylor are delighted once again to sponsor the Yorkshire Young Achievers Awards for the sixth year in a row, an organisation that supports young people and organisations across the region. Once again Walsh Taylor will sponsor the Special Award, which is given to friends and supporters of the foundation […]

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‘Carillion effect’ taking its toll on the UK construction sector

New data released earlier this month suggests that the impact of Carillion’s insolvency is even more far-reaching than once thought. According to research carried out by Prompt Payment Directory, a ratings platform which reviews payment practices, there has been a 30% year-on-year rise in the amount of UK construction companies […]

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Personal insolvency rates at an almost six-year high

Following on from Walsh Taylor writing about the Carillion collapse and North East businesses struggling in the past couple of months, recent figures have shown that personal insolvency figures have increased. According to statistics from the Insolvency Service, the first three months of 2018 saw 27,388 people become insolvent across […]

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