Carillion collapse causes chaos for creditors

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With Carillion Plc being put into compulsory liquidation, what can businesses that rely on income from the construction and facilities management group do? The collapse of Carillion will have wide-ranging implications for the public and […]

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End of surcharges is on the cards

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From 13 January 2018, businesses will no longer be able to add any surcharges where a customer pays by credit or debit card, following an EU directive banning surcharges on Visa and Mastercard payments. However the government has […]

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New Commissioner helps small firms with slow payers

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Small firms struggling to deal with business customers who are slow payers have new help in the form of a small business commissioner. The government says that a third of payments to small firms across […]

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Debt Breathing Space scheme proposed

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It is being proposed by the government that individuals with serious financial problems could be given up to six weeks’ debt breathing space from further interest, charges and enforcement action. The Government is consulting on a […]

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My Employer is insolvent – what are my rights?

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If your employer is unable to pay its debts, including your wages, it is likely to be insolvent. Your options depend on whether your company has entered a formal insolvency procedure. Sam Hawkins explains. This […]

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Statutory Interest on Tax Liabilities in Solvent Liquidations (MVL)

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HM Revenue & Customs (HMRC) now require statutory interest on corporation tax (CT) where it is paid after the normal due date, which has significant implications for current and future Members’ Voluntary Liquidations (MVLs). HMRC […]

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What is a shadow director?

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In the day to day running of a Company, businesses are often overseen by individuals who are not legal directors registered at Companies House. In the Companies Act 2006, a shadow director, in relation to […]

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If my company goes into Liquidation will I lose my home?

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Ultimately, it depends! Jack Callow examines the question By reversing the question and exploring what position you would need to be in for your home to be at risk, a position is established by which […]

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Jobs saved at Newton Abbot company

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Around 100 jobs have been saved at a Newton Abbot commercial cleaning company thanks to swift action by the Administrators, Jonathan Williams and Jeremiah O’Sullivan of Bishop Fleming LLP. Daccombe-based Betterclean (Services) Limited, run by […]

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A Creditor’s Ability to Opt Out

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This is the second commentary in a series of Vlogs by Jack Callow, Business Recovery & Insolvency Manager about the Insolvency Rules 2016. Full transcript below. Commentary number 2: a creditor’s ability to opt out. Welcome. […]

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