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The Business Magazine July 2024
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Is your business facing insolvency or impacted by customers or suppliers who are?

David Murray
David Murray
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Here's how law firm Blandy & Blandy Can Help.

Company insolvencies in England and Wales reached their highest level since 1993 last year according to The Insolvency Service, a government agency.

Figures showed 25,158 companies entered into a form of insolvency in 2023. The number of company insolvencies was the highest annual number since 1993.

A number of leading accountancy firms and insolvency practitioners have this month warned that a significant number of companies across the UK are facing the threat of insolvency in the months ahead, due to a combination of macroeconomic factors.

David Murray is a Partner and Head of the Dispute Resolution and Insolvency team at leading Thames Valley law firm Blandy & Blandy and an expert in advising on insolvency matters.

He said: “We are experienced in working with companies, and their owners and directors, when they are presented with such challenges. We can of course advise those who have reached the point of insolvency, but we are equally well versed in working with those who are not yet at this stage, to help them examine all available options, including refinancing or restructuring and the sale of a business or its assets.

Equally, much of our work involves advising organisations and individuals whose customers, suppliers or others who may owe them money, are financially distressed or have entered a formal insolvency process.

We also work with companies that are currently on a sound financial footing, to help assess and mitigate their future risk by having the right contracts and agreements and procedures in place.

The key point to remember when faced with any form of insolvency issue is to seek early and expert advice.”

Blandy & Blandy has offices in Reading, Wokingham and Henley-on-Thames. For further information or legal advice, please visit


Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset.

Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users.

He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.

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