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 […]
Antony Batty and Co. appointed as Administrators to Lawbit, the online legal service
On 24th September 2024, two of our Licensed Insolvency Practitioners, Antony Batty and Hugh Jesseman were appointed joint administrators of Lawbit, the online service offering legal advice for small businesses, when it went into company administration. Lawbit’s Founder and chief executive Clive Rich told the Law Gazette recently that the appointment of administrators: “….is part […]
Shelter from the storm. Administrations can give the breathing space insolvent companies need
Creditors’ Voluntary Liquidations (CVLs) are at historically high levels. Nitin Joshi* makes the case for Administrations. The corporate landscape can be like a post-dystopian Darwinian experiment in which only the well-funded survive. It is hard to think otherwise. Corporate carnage in recent times has been rife with carcasses once throbbing with trading activity littered all […]
Using Finance and Refinance to Manage Cash Flow
Using Finance and Refinance to Manage Cash Flow
We are grateful to Natalie Knight from Tempo Finance, for this article about using finance and refinance to manage cash flow for business turnaround especially
Wrongful and Fraudulent Trading: what are they and what is the difference?
Wrongful and Fraudulent Trading: what are they and what is the difference?
When receiving enquiries from directors of distressed companies, we often find that very little is known about wrongful trading and fraudulent trading, and what the difference is
Hopes of an interest rate cut before the end of the summer?
Hopes of an interest rate cut before the end of the summer?
High interest rates will leave a debt hangover of £41.7 billion amongst British businesses by the end of the decade. Talk to our Insolvency Practitioners if struggling financially.
Personal Guarantees, Insolvency and Personal Liability
Personal Guarantees, Insolvency and Personal Liability
When insolvency strikes, Personal Guarantees can lead to Personal Liability for the director. Our Insolvency Practitioners can help.
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.
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?
