While the overall number of registered company insolvencies remains lower than pre-pandemic levels, driven by the lower number of compulsory liquidations, CVLs are similar to pre-pandemic levels. The latest monthly release of insolvency...
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Jacob Isaacs & Co Ltd, incorporated in August 1998 and classified as being in the wholesale trade was run by Isaac Jacobson, 51, from Salford until it was liquidated in July 2017. As part of the liquidation, the Insolvency Service...
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We’ve looked at how to spot signs of financial distress in your business, as well as your duties as a director. Now, let’s look at what the options are for your business. Restructuring plan With this option, time and speed are...
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If you are a company director and you fail to undertake your duties ( if you need a reminder of what directors’ duties are see our guide here Directors' Duties) you could be deemed “unfit”. Some of the most common failings in duties to get to...
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Company and individual insolvencies remain low, CVLs are increasing The latest monthly release of insolvency statistics for England and Wales was published on the 16 July 2021. * Overall, the numbers of registered company insolvencies have...
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Becoming a company director gives you a position of authority over the management of your business as well as responsibility for its performance. It is imperative that you understand your duties and responsibilities; general duties as detailed in...
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As R3 launch their Directors’ guide to getting #Backtobusiness, we’ve also been thinking about the importance of reviewing your business and knowing when to seek professional advice. Having worked with financially distressed businesses for...
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Company and individual insolvencies remain low The latest monthly release of insolvency statistics for England and Wales was published on the 15 June 2021. * Overall, the numbers of registered company insolvencies have remained low since the...
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Car dealer John Brian Capper from Shipley, West Yorkshire, has been sentenced to an 18-month community order, including 250 hours of unpaid work, after failing to provide books and records when his company was wound up due to alleged tax liabilities...
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Important insolvency legislation changes have been proposed which mean that Directors of dissolved companies, particularly those that have received government support through bounce back loans or CBILS, can be investigated by the...
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