Articles for Business Owners
In this section, you will find articles to support decision making for business owners and directors and learn more about the options available.
If you would like to speak to a Partner about more specific issues relating to your business, please contact us.
What is the CVL process and when should it be considered?
This article provides a short guide about the CVL (Creditors’ Voluntary Liquidation) process and when should it be considered by business owners and directors. What is a Creditors’ Voluntary Liquidation? A CVL is a ...
Insolvency guidance for directors if your company is in distress
As the Spring flowers continue to bloom and hopefully the heat of summer is not far off, conversely we are witness to numerous chilling pressures being brought to bear on directors as they navigate through ...
Closing your company: Strike off versus Voluntary Liquidation
The impact of the last two years It goes without saying that many thousands of Companies have struggled since the beginning of the Covid crisis. Many of those Companies would have utilised the various schemes ...
Heading for the exit from your business? Polishing the family silver
The last two years have been the toughest most entrepreneurs can have imagined, never mind experienced. With relatively few exceptions, every sector and every size and shape of business has been disrupted by the pandemic. ...
Will Capital Gains Tax change in the Budget?
Time to think about a swift MVL? Budget tax raid As this year’s Budget approaches, speculation is rife that the Chancellor will raid the Capital Gains Tax pot to help pay back the huge borrowings ...
The creditors are coming but are you ready?
The pandemic has seen businesses given unprecedented protection from their creditors, with the prohibition of Winding Up Petitions and all forms of debt enforcement by commercial landlords throughout most of the crisis, while HMRC ...
Business investment for a brighter future
Business investment in the UK has fallen away badly during the pandemic, as the economy has been ravaged by lockdowns, restrictions and galloping commercial uncertainty. The Office for National Statistics reported that by the ...
What to look for in an Insolvency Practitioner
Business rescue experts and insolvency practitioners (IPs) come in all shapes and sorts. When you need additional support to help you through the business challenges, it is very definitely not a case of one ...
Concerned about Bounce Back Loan repayment and Furlough fraud?
When the government was giving out Coronavirus business support in 2020 like free sweets in Santa’s Grotto, most businesses were both grateful and relieved. Few will have given much thought to the future at ...
Avoiding Disqualification as a Director
One of the great fears that can sometimes keep struggling entrepreneurs awake in the wee small hours is being Disqualified as a Company Director and all the consequences that flow from this happening. Screaming ...
What you can do about your business’s HMRC arrears
A recent report by the National Audit Office has revealed that arrears of unpaid taxes to HMRC have increased from £16bn in January 2020 to £42bn in September 2021. The impact of the pandemic ...
Members’ Voluntary Liquidation: what directors need to consider
A Members’ Voluntary Liquidation (MVL) is a formal process to bring solvent companies to a close. As directors continue to reflect on the prospects for their companies in light of the present pressures on ...