Why you should do a check before you choose your Business’s suppliers
Why you should do a check before you choose your Business’s suppliers.
Conduct checks before entering into a business relationship and in so doing, HELP avoid doing business with an entity that may be facing Insolvency.
Fines, prison sentences and Director Disqualification for directors who abused the Bounce Back Loan Scheme
Director Disqualification, fines and prison sentences for directors who abused the Bounce Back Loan Scheme
Licensed insolvency practitioner Antony Batty advises directors to take early, formal advice if they are struggling to repay a BBL.
Directors be Vigilant! The additional tax charge for an un-repaid Director’s Loan Account is 33.75%
Directors be Vigilant! The additional tax charge for an un-repaid Director’s Loan Account is 33.75%
Understanding a Director’s Loan Account and your Liabilities, pre and post liquidation is vital.
Overtrading V Wrongful Trading: what are the key differences?
Overtrading V Wrongful Trading: what are the key differences?
How can Insolvency Practitioners help directors avoid Overtrading and Wrongful Trading?
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.
Insolvency Mediation – Insolvency Practitioners make good Mediators.
Why an Insolvency Practitioner makes a good Mediator.
Lawrence King, Licensed Insolvency Practitioner, and an accredited civil and commercial mediator with ADR Group explains.
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.
Reduced energy bill support could affect 25% of small businesses
Reduced energy bill support could affect 25% of small businesses
What can affected businesses do if Insolvency looms as a result? A Members’ Voluntary Liquidation is one option. Talk to us about how to withdraw your company monies in a tax efficient way via Business Asset Disposal Relief.
