Spotting supply chain issues early and mitigating risk
Signs of Supply Chain Issues Recent economic statistics suggest that the UK may avoid the recession previously forecast by economists and feared […]
Your legal duties if your company is facing insolvency?
Businesses across the board are experiencing a number of operational and financial challenges that are creating considerable pressure for directors and management […]
Personal insolvency series: Using a professional for debt dispute resolution
In our first article in the personal insolvency series, we looked at the prevalence of personal guarantees for business loans and the […]
What is a phoenix company and are they legal?
‘Phoenixing’ is an unwelcome buzz word to many in the business community and, with company insolvencies on the rise, it is not […]
Personal insolvency series: Personal guarantees, a concerning upward trend for UK small business owners
New figures published by Purbeck Personal Guarantee Insurance show a dramatic 123% year on year increase in the use of personal guarantees […]
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 […]
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 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 […]