Redundancy Pay at Insolvency: Evidence that Directors’ Claims are facing increased scrutiny by the Redundancy Payments Service
Redundancy Pay – Did you know the Government will pay if the Company you work for goes out of business?
We can talk to employees of businesses facing financial difficulties to give them practical help and guidance.
Property tax schemes and insolvency risk: When “too good to be true” tips the balance
At Antony Batty & Company, we are seeing increasing concern around aggressive property tax schemes marketed to landlords, particularly those operating through limited companies. These schemes promise significant tax savings but are now attracting scrutiny from HMRC. Although these arrangements often involve companies and trusts, HMRC’s tax assessments initially fall on the individual landlords themselves. […]
In the Nicest Way, I Don’t Want to See You Again!*
Preventing Multiple Liquidations and Avoiding Director Disqualification Multiple liquidations can lead to an Insolvency Service investigation and possible Director Disqualification for directors breaching their duties. As a director at a firm of Insolvency Practitioners, my primary goal is to help businesses navigate through financial distress and, when necessary, guide them through the liquidation process. However, […]
Company insolvency and directors – things you wanted to know but were afraid of asking*
What are the key responsibilities of directors? What do they need to look out for when insolvency looms? Nitin Joshi, one of our partners, has worked in insolvency for over 40 years and in that time, he has seen pretty much everything you can in the world of insolvency. In this article he answers the […]
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.
Overtrading V Wrongful Trading: what are the key differences?
Overtrading V Wrongful Trading: what are the key differences?
How can Insolvency Practitioners help directors avoid Overtrading and Wrongful Trading?
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.
The Improper use of Customers’ Deposits
The Improper use of Customers’ Deposits
This is a ‘red flag’ offence at Insolvency. Our Insolvency Practitioners explain why and look at some examples.
Paying Dividends – The Consequences of Paying Illegal Dividends
Paying Dividends – The Consequences of Paying Illegal Dividends.
Directors’ Dividend payments will be scrutinised for legality by Insolvency Practitioners. This may lead to a Misfeasance Claim with dividends repaid. Tal to us for help and advice.
Did you know part of a director’s responsibility is to scrutinise their fellow directors?
Did you know part of a director’s responsibility is to scrutinise their fellow directors?
Case Study: agreeing that one director is the ‘lead’ for a company’s financial affairs does not remove the other directors from responsibility.
