Directors must be vigilant to avoid Wrongful Trading
Directors must be vigilant to avoid Wrongful Trading
How can Insolvency Practitioners help distressed and insolvent companies reduce/avoid the risk of Wrongful Trading?
What can Directors do if they receive a Winding Up Petition?
What can Directors do if they receive a Winding Up Petition?
In this article, we look at the processes involved in a Winding Up Petition being served and what happens when one is. The key thing is to take professional advice and then take swift action.
Judge orders director of gift company to repay £43,500 via a Compensation Order for a falsely obtained Bounce Back Loan (BBL)
Judge orders director of gift company to repay £43,500 via a Compensation Order for a falsely obtained Bounce Back Loan (BBL)
But what can directors who legitimately took out a BBL do if they cannot repay?
UK Restaurant insolvencies rise by 46% in last 12 months
UK Restaurant insolvencies rise by 46% in last 12 months
Restaurant Insolvencies will continue to grow until interest rates and inflation fall considerably.
Directors be Vigilant! Talk to your Accountant to understand a Director’s Loan Account and your potential Liabilities
Talk to your Accountant to understand a Director’s Loan Account and your potential Liabilities
If your company is liquidated, an overdrawn Director’s Loan Account and Illegal Dividends can lead to Liquidators’ Claims and even Director Disqualification
Directors with Multiple Company liquidations can find themselves with a Personal Tax liability to HMRC.
Directors with Multiple Company liquidations can find themselves with a Personal Tax liability to HMRC.
Directors who have been involved with multiple companies which have become insolvent and have a tax liability with HMRC can receive a personal ‘Joint and Several’ liability notice for payment.
Only 50% of pubs are operating at a profit
Only 50% of pubs are operating at a profit
Licensed Insolvency Practitioner Antony Batty reports on how a restructuring procedure could protect pubs against closure.
Corporate insolvencies continue to grow, quarterly and month on month.
Corporate insolvencies continue to grow, quarterly & month on month 2023
Businesses facing insolvency need to act quickly and take advice from an Insolvency Practitioner for the best chance of avoiding liquidation.
Directors beware – HMRC issues highest number of winding up petitions since before the Covid-19 pandemic
Directors beware – HMRC issues highest number of winding-up petitions since before the Covid-19 pandemic
HMRC has become more aggressive in its enforcement and collection processes
Antony Batty & Company notes further regulation plan for Insolvency Practitioners
Antony Batty & Company notes further regulation plan for Insolvency Practitioners
A major shake-up will modernise insolvency sector regulation but falls short of the establishment of a new independent watchdog, however
