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 […]
What happens when Directors misbehave?
When directors misbehave the consequences can be swift and severe. Ignorance is no defence when it comes to directors’ duties. In this […]
The perils of overtrading
For many years, growth has been an overriding objective for the majority of UK businesses. Winning a big new contract, gaining a […]
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 […]