Number of businesses in financial distress up 24%

The number of businesses facing critical levels of financial distress was 24% higher in the last quarter of 2011 than in same period in 2010. The statistics are contained in the Red Flag Alert compiled by Begbies Traynor. The Professional Services sector was the worst affected showing a rise of 61%. Travel and Tourism was

Factsheet: Frequently asked Debt Collection Questions

At Machins Solicitors LLP we offer bespoke debt collection services to suit individual requirements. We have niches in a number of specialist debt collection areas including landlord’s service/management fees, consumer finance and business debts. What evidence of the debt do I need? Ideally you will have a written and signed contract. However you may have

Factsheet: Transfer of Undertakings (Protection of Employment) Regulations 2006

Fact Sheet: Transfer of Undertakings (Protection of Employment) Regulations 2006 The Transfer of Undertaking (Protection of Employment) Regulations 2006 or TUPE Regulations have a major impact on businesses in this country by preserving the continuity of employment and employment terms of transferring employees. Sarah Liddiard of Machins company commercial department explains some practical implications on

What’s in a name?

When a dispute arises in relation to unpaid invoices people often try to manage the situation themselves instead of seeking legal advice as they are concerned about being charged extortionate fees for a relatively small debt. Although the small claims track in the county court is relatively ‘user friendly’, an incorrect claim form can lead

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