Joiner receives 15 month suspended jail sentence for Covid Bounce Back Loan fraud despite repaying the Loan in full
The Government’s tough stance on Covid Bounce Back Loan (BBL)* fraud continues In a recent case, a former joiner from Romford has been sentenced for Covid Bounce Back Loan fraud (BBL)*, demonstrating the seriousness with which the Insolvency Service addresses such misconduct. Details of this Case Charles Ling, aged 57, of Havering-atte-Bower, Essex, who operated […]
Antony Batty & Company Focus on Employees: Besa Mustafa
Besa is based at our London office and is a Senior Insolvency Administrator Besa Mustafa joined us in June 2024, when we merged with B & C Associates. Besa is a Senior Insolvency Administrator and is based at our London Mill Hill office. We asked her to answer some questions, including what got her into the insolvency […]
5 years on from the first Covid Lockdown – What happens if a Company is struggling now to repay its Bounce Back Loan (BBL)?
On March 23rd 2020, the first Covid lockdown in the UK was announced by the Government, and soon after a host of Government support schemes were introduced, including the Bounce Back Loan scheme. Many companies are still paying off BBLs, whilst others have been liquidated with an outstanding BBL balance. In addition, many directors who […]
Antony Batty and Company Thames Valley welcomes Lucy Garner as its new Senior Manager
We are delighted to announce the arrival of Lucy Garner as our new Senior Manager at the Thames Valley office of Antony Batty and Company. Lucy joins the team at a really exciting time for Antony Batty and Company Thames Valley, now well into its 4th year of trading, and she is looking forward to working with […]
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?
Are there alternatives to liquidating a limited company without using an Insolvency Practitioner?
“I can’t afford to liquidate my company. What are the alternatives to liquidation?” This ia question we are often asked. When directors are facing the stressful task of closing their limited company, the cost of appointing a Licensed Insolvency Practitioner (IP) to run a formal procedure, such as a Creditors’ Voluntary Liquidation (CVL), can seem […]
Section 216 – Did you know The Reuse of a Company Name After Liquidation is Prohibited?
Section 216 – Did you know The Reuse of a Company Name After Liquidation is Prohibited
A reminder of the rules from our Insolvency Practitioners
Directors, if you do the same things again, you risk getting the same result – another liquidation!
“What am I going to do for work if I have to liquidate my company?”* I meet many directors every year, especially those of small companies, where we have acted as liquidators, who then tell me they want to set up a new business and start again. They say they don’t know anything different, want […]
Take advantage of the current 10% tax rate for Members Voluntary Liquidations (MVLs)
The Capital Gains Tax rate on MVLs that qualify for Business Asset Disposal Relief (BADR) increases to 14% on 6th April 2025 If you are a Company Director considering closing your solvent company/companies using Members Voluntary Liquidations (MVL), you must act soon, if you qualify for Business Asset Disposal Relief (BADR), to benefit from the […]
Record number of company closures and 5,000 more tax inspectors
More businesses under financial pressure, whilst Government announces 5,000 additional tax inspectors focusing on SMEs and reducing the tax gap After years of difficult trading for many businesses, two key statistics show that the outlook for many is worsening as we head into 2025. Plus, with the news that the Government is recruiting an extra […]
