The Government is looking to introduce fines and disqualifications for directors who allow their companies to go bust to avoid paying debts. One of the main reasons for the new rules is to stop ‘Phoenixing’. What is Phoenixing? Phoenixing is a...
Read more...The latest insolvency statistics have been published by the Insolvency Service for the fourth quarter of 2018 showing that the number of company insolvencies in 2018 increased in 2018 to 16,090 the highest level since 2014. Corporate insolvencies...
Read more...It is hard to avoid the negative press surrounding what or will not happen regarding Brexit. The truth is that no one can be really sure what the outcome will be but during these times of economic tension giving your company a bit of a health check...
Read more...Five companies carrying out an investment plan get shut down after promising high-value truffles for commercial sales. In London, on 12th October 2018 Viceroy Jones New Tech Ltd, Viceroy Jones Overseas PCC Limited, Westcountrytruffles Limited,...
Read more...Paul James Manley, from County West Services Ltd, an accountancy firm based in Hammersmith has received a 12-year disqualification from being a director for helping a client defraud its creditors. In August 2017, West County Commercial Services...
Read more...Mother and son who ran a restaurant in Blackburn have been disqualified after they under-declared the company’s full cash takings to the tax authorities. Ching Yau Yu and Vincent Wai Kit Yu a mother and son team, were directors of Kai Hing...
Read more...Nicole Southwell, Director at Shenfield-based insolvency practitioners, Bretts Business Recovery, argues that the Government should do more to ensure those who enjoy the protection of the corporate veil are suitably qualified to do so. In my...
Read more...What is a Members Voluntary Liquidation? A Members Voluntary Liquidation (MVL) is the winding up of a solvent company. A Members’ Voluntary Liquidation is a shareholder-led process and tax efficient way to close down a solvent company. It’s...
Read more...The Circle networking........6th December Bretts Business Recovery are working together with MJ Bushell Accountants to re-launch the networking event, The Circle. The relaunch is being held on Thursday 6th December from 4.30pm at The Teriss...
Read more...The story of a director of a haulage firm receiving an 11-year director’s ban after he falsified VAT claims in order to try and save his business, when it hit a difficult time, is a classic tale of a director thinking he can cheat the system to...
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