14th October 2021
Struggling directors need help earlier Umbrella.UK Insolvency

Struggling directors need help earlier, says R3

Insolvency industry trade body R3 (Rescue, Recovery, Renewal) has called on the government to do more to help struggling directors seek qualified help earlier. Seeking help earlier can expand the number of options that are […]
6th October 2021
am I liable for my limited company debts

Am I liable for my limited company’s debts?

In most circumstances, directors and shareholders aren’t liable for a limited company’s debts. But there are some situations when you can be held personably accountable for your firm’s debt. If your business is struggling financially, […]
30th September 2021
Contractors How a CVL can end your debt spiral

Contractors: How a CVL can end your debt spiral

More contractors are facing financial difficulties due to the pandemic, Brexit and recent changes to IR35 rules. Many contractors have seen a reduction in business over the last few years. Limited company contractors also did […]
22nd September 2021
What a winding up petition means for your business umbrella insolvency

What a winding up petition means for your business

Having a winding up petition served against your business doesn’t have to mean the end of the road for your company, but you do need to act quickly. During the coronavirus pandemic, businesses have enjoyed […]
20th September 2021
Dissolving a company Is it right for my business

Dissolving a company: Is it right for my business?

Also known as ‘dissolution’ or ‘striking off’, dissolving a company is when a company is closed and is no longer showing as “Active” at Companies House – the legal register of all companies in the […]
13th September 2021
Could climate change lead to a wave of company insolvency

Could climate change lead to a wave of company insolvency?

Recent events both at home and abroad highlight the growing risk that climate change poses for businesses in the UK. Flooding, wildfires and extreme weather events have the potential to damage company assets and disrupt […]
10th August 2021
Zombie Companies

Has Covid created a generation of zombie companies?

Almost everyone would agree that government support given to companies and individuals during the coronavirus pandemic was necessary and right. However, some experts have expressed concern that the support has led to the creation of […]
23rd July 2021
Can company directors be held personally liable for Bounce Back Loan repayments?

Can company directors be held personally liable for Bounce Back Loan repayments?

The Government’s Bounce Back Loan Scheme was introduced at the height of the coronavirus pandemic. Borrowing up to £50,000 with no fees or interest to pay for the first 12 months was a lifeline for […]
13th July 2021
HMRC will go easy on business debts, but accountants should still prepare for increase in insolvencies

HMRC will go easy on business debts, but accountants should still prepare for increase in insolvencies

HM Revenue and Customs has signalled that it will go easy on company debts as businesses recover from the coronavirus crisis. In a letter sent by business secretary Kwasi Kwarteng said that HMRC will adopt […]
1st July 2021
New Guide for Directors of Companies in Financial Distress

New Guide for Directors of Companies in Financial Distress

Company insolvency and restructuring trade body R3 has produced a new guide for directors with companies in financial distress. The guide has been produced as part of R3’s post-pandemic Back to Business campaign, which has […]