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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Company and individual insolvencies numbers have fallen once again The latest monthly release of insolvency statistics for England and Wales was published on the 18 May 2021. * Overall, the numbers of registered company insolvencies have...
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A furniture boss from Stockport has been banned for 8 years after declaring bankruptcy before starting a new company with a prohibited name. Allan Kenneth Barke (34), had been the director of Cheshire Fitted Furniture Limited from...
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The beginning of May saw the first letters go out requesting repayment of Bounce Back Loans (BBLs) which were made available by the Government from March 2021. But what happens if you can’t afford to pay back the loan and if you are a...
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As lockdown restrictions continue to ease and businesses begin to trade again there are reasons to be optimistic. Consumer spending is rising as there is more confidence in our economic future. But companies need to be aware of the risks of...
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Latest company and individual insolvency statistics are still comparably low The latest monthly release of insolvency statistics for England and Wales was published on the 15 April 2021. * Overall, the numbers of registered company insolvencies...
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Here are some key points you need to consider to ensure the operational success of your business: 1. Management Information Ensure you have some and that you understand what it means. At the very least ensure that you know what cash you have...
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Cash (flow) really is king... It's important to realise that when a successful business grows it often places more pressure on cash flow which can lead to business failure, even though at a profit and loss level the business is successful. In fact,...
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Keith Alan Da Costa of Manningtree in Essex, the sole director of KAD Consultants Limited since its incorporation in May 2011, has been banned for 5 years after failing to provide adequate accounting records and not complying with tax...
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