The insolvency statistics released for July show that of the 2,081 registered company insolvencies: There were 339 compulsory liquidations 1583 creditors’ voluntary liquidations (CVLs) 147 administrations 12 company voluntary...
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A former director of Scottish machinery business Balgownie Limited has been banned from acting as a company director for 11 years after deliberately under-declaring more than £1.5 million in VAT. David Smith, 61, who served as finance director,...
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Members’ voluntary liquidations (MVLs) have long been a popular route for directors looking to close a solvent company in a tax-efficient way. In recent years, however, shifts in capital gains tax (CGT) rates and changes to Business Asset Disposal...
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The insolvency statistics released for June show that of the 2,043 registered company insolvencies: There were 332 compulsory liquidations 1585 creditors’ voluntary liquidations (CVLs) 111 administrations 15 company voluntary...
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A West London company director has been banned from running companies for 11 years and ordered to repay thousands after fraudulently securing a government-backed Covid support loan. Tahir Haq, sole director of Integral Maintenance Team Ltd,...
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If you're facing mounting debts and financial pressure, it's easy to feel overwhelmed. The good news is, there are formal solutions available that can offer a way forward. For many people, that means choosing between a Debt Relief Order (DRO) or an...
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The insolvency statistics released for May show that of the 2,238 registered company insolvencies: There were 354 compulsory liquidations 1734 creditors’ voluntary liquidations (CVLs) 136 administrations 14 company voluntary...
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A five-year director ban has been handed to Rob Cross, the former PDC World Darts Champion, following serious financial misconduct linked to his personal company. Cross, best known for winning the 2018 World Championship title, was the sole...
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Financial distress and struggles don’t usually develop overnight. Often, it's a slow, creeping process that, over time, puts the whole business at risk. But just as decline can happen gradually, so can recovery. And it starts with decisive,...
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The insolvency statistics released for April show that of the 1992 registered company insolvencies: There were 379 compulsory liquidations 1,544 creditors’ voluntary liquidations (CVLs) 105 administrations 14 company voluntary...
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