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.
Corporate Insolvencies jump by over 80% in Q2 2022
Insolvencies up by over 80% in Q2 2022
The difficulties caused by Covid-19, rapidly rising inflation, supply chain difficulties and increasing interest rates are the key causes of the highest quarterly level of Creditors Voluntary Liquidations (Q2 2022) since 1960.
Are you in control of your cash flow?
Are you in control of your cash flow?
A guide for Businesses in Distress by our Insolvency Practitioners. We help businesses avoid insolvency with cash flow forecasting
Directors beware – It is not just business loans from banks that require Personal Guarantees
Directors beware – It is not just business loans from banks that require Personal Guarantees
Personal Guarantees are everywhere in Business. Directors must be vigilant.
HMRC’s Preferential Creditor Status and Preference Payments to Creditors
HMRC’s Preferential Creditor Status and Preference Payments to Creditors
Directors Beware! Do you know what HMRC’s preferential creditor status means for you in insolvency?
