Two directors of a medical equipment supplier have been banned from acting as company directors after an investigation revealed investors were misled through a fabricated NHS contract worth £9.8 million. Tanveer Khan has been disqualified for 13...
Read more...
The insolvency statistics released for February show that of the 1,878 registered company insolvencies: There were 249 compulsory liquidations 1,473 creditors’ voluntary liquidations (CVLs) 146 administrations 10 company voluntary...
Read more...
When a business reaches the point where it can no longer meet its financial obligations, directors are often faced with difficult decisions about how to bring trading to an orderly end. One of the most common routes for insolvent companies in the UK...
Read more...
The insolvency statistics released for January show that of the 1,744 registered company insolvencies: There were 256 compulsory liquidations 1,323 creditors’ voluntary liquidations (CVLs) 151 administrations 13 company voluntary...
Read more...
An Oxfordshire landscaping company director who ignored a previous ban and left around £300,000 in unpaid tax across two businesses has been disqualified for 12 years. Neil Aldridge was first disqualified in 2019 for three and a half years after...
Read more...
For many small and medium-sized businesses, restructuring options can feel limited. When cash flow tightens and creditor pressure builds, directors often assume the only realistic routes are a CVA, administration or liquidation. However, there is...
Read more...
A man who abused the government’s Covid support schemes by fraudulently securing multiple Bounce Back Loans for his mobile phone businesses has been ordered to repay almost £200,000 following court proceedings. Zahid Afzal, 37, previously...
Read more...
Directors’ Loan Accounts (DLAs) are common in owner-managed businesses and can be a practical way for directors to move money between themselves and their company. Used carefully, they offer short-term flexibility. Used casually, they can create...
Read more...
The insolvency statistics released for December show that of the 1,671 registered company insolvencies: There were 245 compulsory liquidations 1,305 creditors’ voluntary liquidations (CVLs) 106 administrations 15 company voluntary...
Read more...
The insolvency statistics released for October show that of the 1,866 registered company insolvencies: There were 250 compulsory liquidations 1,461 creditors’ voluntary liquidations (CVLs) 136 administrations 18 company voluntary...
Read more...