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DMC Recovery Celebrates Landmark Court of Appeal Victory

We at DMC Recovery are immensely proud to have been involved in a significant legal victory that reinforces the integrity of the insolvency process in the UK. On 5 August 2024, the Court of Appeal handed down a landmark judgment in the case of Re JDK Construction Limited (in liquidation), Keegan v Bland and Mayo [2024] EWCA Civ 934. This decision marks a pivotal moment for insolvency practitioners, particularly concerning the reliance on a company’s register of members during voluntary liquidation. Our team, represented by the distinguished Louis Doyle KC and Douglas Cochran, successfully defended the respondent liquidators in this [...]

2024-08-29T06:34:21+00:00August 28th, 2024|Company news, Updates|

Five Indicators of Financial Distress

In navigating the intricate landscape of business finance, recognising early warning signs of financial distress is paramount for proactive management. The following five tests serve as crucial indicators, signalling potential challenges that require swift attention. From overdue payments and legal entanglements to cash flow struggles and balance sheet examinations, these markers provide a comprehensive overview of a company's financial health. Timely recognition and remedial actions based on these tests can often prevent further complications and foster a healthier financial trajectory for businesses of all sizes. Overdue Payments and Legal Notices The business has either received a Statutory Demand or County [...]

2024-02-19T00:32:00+00:00February 8th, 2024|Advice, Company news, Uncategorized, Updates|
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