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 […]
The importance of a Shareholder Agreement if a Company enters insolvency
Navigating the turbulent waters of business can be complex, and when a company faces insolvency, the situation can become even more difficult, so having a shareholder agreement in place is crucial. In this article, our Insolvency Practitioners look at several reasons why a shareholder agreement is essential if a company becomes insolvent. Clarification of Rights […]
Pubs closing at fastest rate since Covid Pandemic
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.
Directors Beware! Companies House is becoming more aggressive over enforcement of penalties for late filing of company accounts
In addition, The Economic Crime (Transparency and Enforcement) Act 2022 has tightened the filing requirements for company accounts It is a criminal offence for directors to file their company accounts late under the Companies Act 2006 and Companies House is becoming more aggressive over the enforcement of penalties and the severity of the penalties, with […]
The four key sins for directors to avoid when their company is insolvent
Company insolvencies in 2023 were just over 25,000, the highest since 1993 and 14% higher than 2022. Of these, the number of Creditors’ Voluntary Liquidations was the highest since records began in 1960. This trend in the year to September 2024 is continuing and insolvent companies in this period account for 55 out of every 10,000 […]
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 […]
Exam success continues at Antony Batty & Co. Thames Valley
Congratulations to Lucy Green for passing her Certificate in Insolvency (CII) exam. We’re delighted to announce that Lucy Green, one of our Senior Insolvency Case Administrators has passed her CII exam. We’re really pleased for her, coming hot on the heels as it does of exam success for Brooke Walters earlier this year. Lucy said: […]
Chancellor increases Capital Gains Tax (CGT) on Business Asset Disposal Relief (BADR) from 6th April 2025
BADR tax advantages still available for Members Voluntary Liquidations (MVL) at the current 10% tax rate until 5th April 2025 The Chancellor did not scrap BADR in her budget on 30th October as many had predicted, but she did increase the current Capital Gains Tax rate that applies to BADR from 10% to 14% for […]
We supported Wear It Pink on 18th October 2024
We raised over £200 for Breast Cancer Now the research and care charity We’re delighted to report that our teams at our Thames Valley and Bournemouth offices enjoyed themselves Wearing It Pink on 18th October 2024, and have raised over £200 so far to support Breast Cancer Now’s fundraising campaign. We had a great time, […]
