Crackdown on debt dodging directors

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Directors determined to dodge debts by dissolving companies face disqualification and fines under a new government crackdown. The government has come forward with new proposals to raise standards in corporate governance by cracking down on […]

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Why Should I Choose a Members’ Voluntary Liquidation?

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A Members’ Voluntary Liquidation (MVL) of a company can be a sensible route to winding up a company in certain circumstances. It is often the case that a company which is perfectly solvent and has […]

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Good moves to cut bad credit card debts

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The Financial Conduct Authority (FCA) has told credit card providers they must do more to help people with persistent credit card debt. The financial watchdog has introduced new rules that take effect from 1 March 2018, but has given credit […]

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Insolvencies rise as margins are squeezed

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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 […]

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New clampdown on high-cost credit planned

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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 […]

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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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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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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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Enhancing Value Through a Managed Exit

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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 […]

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