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 disqualification mean for a Company Director?
Why are Company Directors disqualified? Anyone acting as a Company Director must carry on the Company’s business in a ‘proper’ manner, which […]
What is a Shadow Director and what are the legal implications
The concept of a ‘Shadow Director’ is generally only relevant when a Company is financially threatened and most often when it goes […]
What is a transaction at an undervalue?
When a Company is heading towards insolvency, the Directors’ duty to put shareholders’ interests first is replaced by an obligation to prioritise […]
What is a breach of a director’s fiduciary duties?
Directors are required to put the interests of their Company and its shareholders first. They have a range of duties and responsibilities, […]
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 […]