What a good website companies house is. If you have any suspicions of local competitors going bust, you can always go on to their website, search for the company name and (providing they are a limited company, which most are), you will be able to find what situation the company is actually in. Plus other juicy details like when their next accounts are due, if they are late with them, when they changed their name etc.

Just yesterday I found that one of ours has entered a VA, another has split their company up twice, once into a supply only company, the other into an installations company.

So, instead of listening to gossip and rumour, head over to Companies House and check properly. But we’re not on there, we’re not a Ltd company!