According to a recent report published by ABFA (Assets Based Finance Association), UK's Large Scale Enterprises owe about £67bn in unpaid invoices to SME's; mostly manufacturers & suppliers. Out of the 180,000 SME's across the country taken into the figures, it is the Construction and Manufacturing Industry that suffers the most with £7bn currently in unpaid invoices.

In the wake of rising bad debts, UK's Construction Industry is losing £2bn annually, approximately £10,000 per company. Often delayed payments, or settle with a significantly smaller amount when not paid for prolonged period; what causes these companies to write off bad debts completely. In turn, it is affecting the whole construction industry which should be taken care of immediately.

It appears that top flight sports teams are not immune to becoming caught up in Insolvency proceedings.

Insolvency & Law are proud to announce that we have been shortlisted for the prestigious "Lawyer Monthly Legal Awards 2015" in the "Insolvency and Restructuring Firm of the Year" category.