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 […]
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 […]
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 […]
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 […]
What happens once a WUP is issued?
Can you defend a WUP? It is possible to have a WUP set aside on a number of different grounds. The most […]
A creditor threatens you with a Winding Up Petition: What next?
One of the government’s first moves to help businesses at the start of the pandemic was to ban the use of Winding […]