Updates

In the tumultuous landscape of today's economy, businesses are grappling with unprecedented challenges, exacerbated by the far-reaching impacts of the Covid-19 pandemic. As an established Insolvency Practice, DMC Recovery has been at the forefront, assisting Directors in navigating these turbulent times. The year 2024 looms with a sobering projection: an estimated 30,000 businesses are expected to fail, marking the highest number since the global financial crisis of 2009. Behind these staggering statistics lie countless stories of Directors feeling isolated and overwhelmed, unable to share their concerns with trusted advisors or loved ones. At DMC Recovery, we recognise the weight of [...]

As an insolvency practice we've keenly observed the ebbs and flows shaping the landscape of our high streets. The recent announcement of The Body Shop calling in administrators serves as a poignant moment for reflection, illuminating the dance between tradition and transformation in the retail realm. The metamorphosis of the UK retail environment has been seismic, propelled by the tides of evolving consumer preferences and the relentless march of e-commerce. Even stalwarts like The Body Shop, renowned for their unwavering commitment to ethical beauty, find themselves navigating choppy waters amidst this whirlwind of change. A convergence of factors has contributed [...]

As we approach the eagerly awaited US Presidential Elections in November, it's essential for UK businesses to stay informed about potential global implications. The outcome of the elections can send ripples across the international business landscape, impacting economies worldwide. One of the primary areas of concern is the economic policy direction the newly elected president will take. Shifts in trade agreements, taxation policies, and regulatory frameworks can significantly influence the UK's trading environment. A president's stance on international trade can have a domino effect on the global economy, potentially influencing the financial stability of UK businesses. Businesses need to be [...]