What are the pitfalls of a Director’s loan account?
One of the principles in business most often misunderstood is that a limited company’s financial affairs and those of its directors and […]
What are an employee’s rights if a business becomes insolvent?
When a business becomes insolvent, it is the duty of the directors to act with skill, care and diligence in safeguarding the […]
Should business owners invest in their business despite the economic gloom?
The UK has a woeful record of business under-investment stretching back decades. A recent Institute for Government report highlighted Office for National […]
HMRC petitions and debt recovery: What directors need to know
Business owners are facing a deluge of financial and operational pressures at the moment. From inflation to supply chain disruption and labour […]
What does HMRC having recovery powers mean for Directors?
While company directors are generally protected by limited liability, recovery powers granted to HMRC in the Finance Act 2020 mean directors can […]
What can unincorporated businesses do when struggling with debt?
The Bank of England’s latest interest rate hike to 1.25% in June might not take us anywhere near the terrifying heights of […]
Selling a business – preparing to maximise the outcome
In the first part of our advice to entrepreneurs thinking of selling up or looking for a merger partner, we focused on […]
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 […]
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 […]
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 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 […]
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 […]