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 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 […]
22nd September 2021
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. If you think your business is at […]
20th September 2021
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 […]
28th May 2021
A loophole that allows directors to avoid investigations into their conduct following an insolvency is set to close after new legislation had its first reading in parliament. Director investigations are always carried out by the […]
5th February 2021
Almost 15% of UK businesses are at risk of permanent closure before the start of April, according to the Office for National Statistics. The Business Impacts of Coronavirus Survey (BICS) is conducted every fortnight and […]
30th September 2019
Thomas Cook staff are planning to protest at the Tory party conference in Manchester and later at Downing Street over the government’s decision not to step in and save the travel operator. Thomas Cook, the […]
11th December 2018
If a company is in debt or enters insolvency proceedings, director disqualification may be one of the concerns facing the business’s senior leadership. Disqualification can last for up to 15 years and means that you […]
5th November 2018
Several popular Manchester bars shut their doors last week after their owner entered liquidation. Walrus, The Blue Pig, Tusk and Rosylee in the Northern Quarter, and other venues in West Didsbury and Heaton Moor all […]
22nd January 2018
Carillion was forced into liquidation last Monday putting thousands of contractors and small businesses in an uncertain position. Industry groups and business analysts are concerned that Carillion’s collapse could send shockwaves through the economy, causing […]