21st September 2023
Closing down a solvent company can be a daunting task, especially when tax implications loom large. However, there’s a little-known solution that can save you thousands of pounds and provide a smooth exit strategy if […]
30th August 2023
If you find yourself in a tough spot trying to manage your Bounce Back Loan repayments, you’re not alone. The Bounce Back Loan Scheme (BBLS) offered businesses the opportunity to borrow between £2,000 to £50,000, […]
17th August 2023
In the changing landscape of business operations, when the tide of bills surpasses turnover, the situation can quickly take on the ominous label of ‘trading whilst insolvent.’ Such a scenario brings the daunting challenge of […]
17th July 2023
Why Are HMRC A Priority Creditor? “It is crucial for businesses to understand the gravity of prioritising payments to creditors during times of financial distress,” says Tom Fox, Licensed Insolvency Practitioner at Umbrella.UK Insolvency. “While […]
3rd July 2023
A Manchester-based technology company, valued at $800 million in 2021, has filed an 3rd notice of intention to enter administration. This follows notices filed at the end of May and in the middle of June. […]
28th June 2023
The government backed Bounce Back Loan Scheme helped many businesses stay afloat during the coronavirus pandemic. But ongoing business challenges, like the cost of living crisis, mean that many businesses are struggling to repay these […]
21st June 2023
Undoubtedly, you’ve found yourself searching for answers to the question, “When a company goes into liquidation, who gets paid first?” Fortunately, you’ve come across this unique resource. When a business enters into a formal insolvency […]
17th May 2023
Most company directors will have the option to dissolve an insolvent business and start again with a fresh venture. This new business could be similar to the defunct company (subject to certain restrictions) or branch […]
14th April 2023
Traditional fish and chip suppers are under threat, as chippies struggle to cope with rising costs. In an attempt to reduce pressure on the quintessential British takeaway, the government is letting shops sell a previously […]
29th March 2023
A new law will make it easier for tax authorities to investigate and prosecute directors that fraudulently claimed government support during the coronavirus pandemic. The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act could also […]