Insolvencies rise as margins are squeezed

Posted by on

The latest statistics for insolvencies in England and Wales covering the last quarter for 2017 reflect a difficult year for companies and individuals. The Association of Business Recovery Professionals, R3, have highlighted a number of […]

Read More

New clampdown on high-cost credit planned

Posted by on

The Financial Conduct Authority (FCA) is considering a clampdown on companies that provide high-cost credit to consumers. This could include imposing a cap on interest rates charged. Such a move would be a follow up […]

Read More

Carillion collapse causes chaos for creditors

Posted by on

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 […]

Read More

Debt Breathing Space scheme proposed

Posted by on

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 […]

Read More

Statutory Interest on Tax Liabilities in Solvent Liquidations (MVL)

Posted by on

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 […]

Read More

What is a shadow director?

Posted by on

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 […]

Read More

Enhancing Value Through a Managed Exit

Posted by on

Exiting an underperforming business which may have been profitable for a number of years can be one of the hardest decisions a business owner will ever have to take, but benefits can follow. A number […]

Read More

Why should I choose a licensed insolvency adviser?

Posted by on

The dangers of using an unlicensed insolvency adviser have been highlighted by trade body, R3. Reports suggest there is a growing number of unlicensed advisers targeting businesses and individuals, raising concerns that those seeking advice from them […]

Read More

Overdrawn Director’s Loan Account & Insolvency

Posted by on

A director’s loan account arises where a director removes more money from his or her company than they introduced. Until the director repays the amount overdrawn, this will appear as a loan on the company’s […]

Read More

Insolvency pays no dividends

Posted by on

A dividend is a payment made by a company to its shareholders, usually as a distribution of profits. In owner-managed businesses dividends are typically paid to save National Insurance, but it is vital to ensure […]

Read More
1 2
 
 
The logo for Kreston International Investors in clients logo British accountancy awards finalist 2016 logo ICAEW logo The logo for the Times Top 100 best companies to work for