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?
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.
As Antony Batty & Company celebrates 25 years in business we look back at what has changed since 1997.

As we celebrate 25 years in business, we look back at what has changed since 1997.
Stephen Evans, former Licensed Insolvency Practitioner – and now Consultant – reflects on some of the changes he has seen in the profession.
Antony Batty & Company Partner Focus: Claire Howell, Licensed Insolvency Practitioner

Antony Batty & Company Partner Focus: Claire Howell, Licensed Insolvency Practitioner
Claire re-joined us in 2021 – as a fully licensed, appointment taking partner.