Latest company and individual insolvency statistics remain low. The latest monthly release of insolvency statistics for England and Wales was published on 15 January 2021. * Overall numbers of company and individual insolvencies have remained...
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Construction firms are likely to face a significant squeeze to their finances when new rules on how VAT is collected by the building and construction industry come into effect 1st March 2021. The changes - the Domestic Reverse Charge (DRC) - will...
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Latest company and individual insolvency statistics remain low. The latest monthly release of insolvency statistics for England and Wales was published on 15 December 2020. * Overall numbers of company and individual insolvencies remained low in...
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Government (belatedly) reintroduces suspension of wrongful trading rules The wrongful trading suspension was reactivated by the UK Government last week. What does this mean? In insolvency, directors that side-step their legal and fiduciary...
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BACKGROUND: An established chain of beauty salons sought our advice after a culmination of specific and extraordinary trading issues resulted in severe cash flow problems. The Company assets were secured against a long-term loan and a bank...
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Latest company and individual insolvency statistics remain low. The latest monthly release of insolvency statistics for England and Wales was published on 13 November 2020. * Overall numbers of company and individual insolvencies remained low in...
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Finance Act 2020 gives HMRC powers to make directors and others connected to a company, jointly and severally liable for the company's tax liabilities if the company becomes insolvent. It’s likely that many businesses will struggle to recover to...
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Latest company and individual insolvency statistics remain low. The latest monthly release of insolvency statistics for England and Wales was published on 14 October 2020. * Overall numbers of company and individual insolvencies remained low in...
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In insolvency, directors that side-step their legal and fiduciary responsibilities may be disqualified from being able to act as a director for a period of time. It is imperative that during difficult trading conditions directors remain vigilant...
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Director of Bishops Stortford car dealership banned after entering into illegitimate contracts with customers breaching arrangements with finance providers 123 Motors Ltd was incorporated in July 2015 and traded as car dealership from premises in...
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