Ben Westoby, Author at Forbes Burton

How to Close a Dormant Company

Ben Westoby — Fri, 25 Sep 2026 13:14:08 +0000

Closing a dormant company is much like closing an active company: it has to be officially dissolved and then struck off the register at Companies House. If the dormant company has no debts, it’s usually easiest to do this via a voluntary strike off. Some directors fall into the trap of assuming that they can […]

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What Went Wrong for Jaguar Land Rover?

Ben Westoby — Mon, 07 Sep 2026 15:37:20 +0000

The British car-making giant has announced that it plans to let go of 4,000 of its workers as part of aggressive cost-saving measures. The redundancies will take place over a two-year period as the manufacturer seeks to save £1.7 billion. Achieving this would lower their break-even point to a point that selling 300,000 vehicles would […]

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What Went Wrong for Raleigh Bikes?

Ben Westoby — Wed, 02 Sep 2026 15:47:26 +0000

The Nottingham-born brand was once synonymous with bicycles but now finds itself insolvent and unknown by a new generation of cyclists. Insolvency proceedings have begun for the owner of the fallen cycling giant and follows sweeping redundancies made in 2024 as they closed its Nottingham headquarters in Eastwood. The 139-year-old company was once the biggest […]

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July 2026 Corporate Insolvency Statistics: Long-term Progress

Ben Westoby — Fri, 21 Aug 2026 10:11:14 +0000

While July’s company insolvency statistics might initially seem like bad news, there’s actually still plenty to be optimistic about looking forward. July clocked 1,931 insolvencies across England and Wales, marking a 5% increase from the month prior (June recorded 1,845). However, looking at the bigger picture, this figure is still 5% lower than the same […]

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What Went Wrong for Harvey Nichols?

Ben Westoby — Mon, 10 Aug 2026 14:53:58 +0000

Recent reports reveal that the iconic department store is at risk of folding if a rescue bid doesn’t come in soon. Accounts filed with Companies House suggest that the retailer is unlikely to be able to continue trading beyond the next 12 months. Administration looms for the retail giant as they hope to find a […]

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What New Guidelines on Single-Sex Toilets Mean for Workplaces

Ben Westoby — Fri, 07 Aug 2026 15:08:52 +0000

August 5th, 2026, saw the Equality and Human Rights Commission’s code of practice updated in relation to the use of single-sex spaces. This follow’s 2025’s High Court ruling that decrees the identification of sex to be based on biological sex rather than any changes made after birth. For most workplaces, these ‘single-sex spaces’ are usually […]

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June 2026 Corporate Insolvency Statistics: The Tide has Shifted

Ben Westoby — Wed, 29 Jul 2026 13:49:11 +0000

Mostly good news again in terms of corporate insolvencies as England and Wales recorded 1,845 closures in June. This marks a 10% decrease from June 2025, and the fourth month out of six so far that has seen a drop from 2025’s figures (2,048). It also represents a decrease from May’s figures (albeit negligible) as […]

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How to Liquidate a Company With No Money

Ben Westoby — Mon, 27 Jul 2026 08:43:31 +0000

When companies find themselves insolvent, a liquidation is often one of the only options available to them. With liquidations not being cheap, though, how are directors expected to liquidate a company with no money available? How do I liquidate company with no money? There are options available to you that will effectively close your […]

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How Will Andy Burnham Affect SMEs?

Ben Westoby — Thu, 23 Jul 2026 13:33:10 +0000

As yet another PM enters Number 10, attention turns to how the Whitehall reshuffle will affect UK businesses. After years of struggle, there was some hope among directors that Kier Starmer’s government might have relieved some of the burdens that SMEs face. Two years on, however, and it’s fair to say that hasn’t been the […]

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What Went Wrong for Thames Water?

Ben Westoby — Tue, 21 Jul 2026 12:35:07 +0000

Thames Water, the UK’s largest private utility company, is due to run out of funds before the end of 2026. The water giant has been attempting to secure a rescue deal for some time but has so far failed to secure anything with the potential to resolve their issues. Now, with a total net debt […]

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