Directors of Limited companies take care when paying Dividends
Directors of Limited companies take care when paying Dividends
Illegal Dividends – Misfeasance Claims and Director Disqualification can be the outcome for Directors of Liquidated Companies
Fines, prison sentences and Director Disqualification for directors who abused the Bounce Back Loan Scheme
Director Disqualification, fines and prison sentences for directors who abused the Bounce Back Loan Scheme
Licensed insolvency practitioner Antony Batty advises directors to take early, formal advice if they are struggling to repay a BBL.
Directors be Vigilant! The additional tax charge for an un-repaid Director’s Loan Account is 33.75%
Directors be Vigilant! The additional tax charge for an un-repaid Director’s Loan Account is 33.75%
Understanding a Director’s Loan Account and your Liabilities, pre and post liquidation is vital.
Can Directors Loan Accounts be Reclassified as remuneration in Administration or Liquidation?
Can Directors Loan Accounts be Reclassified as remuneration in Administration or Liquidation?
In a recent High Court case, the answer was no and that attempting to do so could lead to penalties for the directors.
Local builders using Personal Guarantee Insurance to insure against business failure hits new high.
Local builders using Personal Guarantee Insurance to insure against business failure hits new high.
What happens to Personal Guarantees when a business becomes insolvent? How can Insolvency Practitioners help?
Is ignorance bliss? Why it is important for directors to document their actions if concerned they are insolvent.
It is important for directors to document their actions at insolvency.
Directors must comply with their duties as stated in the Companies Act 2006. Failure to do so can have serious consequences.
Dependency on benefits in UK hits an all-time high, whilst insolvencies in December 2022 were 32% higher than December 2021 and 76% higher than pre-pandemic.
Insolvencies in December 2022 were 32% higher than December 2021 and 76% higher than pre-pandemic.
Antony Batty, Licensed Insolvency Practitioner comments on these figures which have their roots in the Pandemic.
Antony Batty & Company Employee Focus: Marc Evans
Antony Batty & Company Employee Focus: Marc Evans
Marc is based in our London office and works with our Insolvency Practitioners on Creditors Voluntary Liquidations and Administrations
HMRC Winding Up Petitions on the increase
HMRC Winding Up Petitions on the increase
More severe enforcement by HMRC as the average amount due to HMRC in UK insolvencies doubles.
Directors be Vigilant! Understanding a Directors Loan Account and your Liabilities
Directors be Vigilant! Understanding a Directors Loan Account and your Liabilities
Overdrawn Directors Loan Accounts and Illegal Dividends. If your company is liquidated it can lead to Liquidators’ Claims and even Director Disqualification.
