What does insolvency mean for Retention of Title rights?
In the absence of any other agreement, the default position under commercial law (the Sale of Goods Act) is that the ownership […]
Creditor pressure on struggling businesses
When the economic outlook darkens, suppliers and service providers know that credit risks increase and the prospect of bad debts hitting their […]
What does receiving a Freezing Order mean for a company?
Fortunately, few Companies and their Directors find themselves on the wrong end of a Freezing Order, which was originally known as a […]
What are a business’s rights with HMRC Enforcement Officers & Bailiffs
Keeping on top of VAT, PAYE and other tax liabilities This is one of the key stresses for a business struggling with […]
SMEs caught in the crosshairs of the Budget tax rises
Every month, we analyse the finances, challenges and prospects of a key sector in the UK economy, and every time, the research […]
The late payment scandal
In August 2024, receivables software experts, Upflow published research suggesting that well over half (57%) of outstanding B2B invoices are overdue and […]
Proactive Measures for Directors to Safeguard Their Position in the Event of Insolvency
As a director, anticipating and preparing for financial instability is crucial to protecting both personal and corporate interests. Even without immediate signs […]
Misfeasance Trading – are directors now at greater risk?
The collapse of the iconic store chain, BHS in April 2016 was the largest UK retail failure since the implosion of Woolworths […]
Directors – when is a Member’s Voluntary Liquidation suitable for you?
Directors – when is a Member’s Voluntary Liquidation suitable for you? Chancellor Rachel Reeves said recently she will have to make “difficult […]
What is the benefit of a phoenix company?
A Phoenix company can prove a helpful way to start a business afresh after the original company entity has ceased trading. While […]
What is a Company Liquidation?
What is liquidation? Liquidation is the process of closing down a limited company by selling its assets and dissolving it so that […]
What is an IP and what are their duties?
If your company is experiencing financial challenges or distress, you will likely seek a professional’s assistance for you and your business. An […]