Christopher John Etheridge, director of Staplehurst-based D&R Pike Crane Hire Ltd, has been disqualified for six years by the Department for Business, Innovation & Skills after an investigation by the Insolvency Service. The Insolvency...
Read more...Any appointed Liquidator (CVL) or Administrator is obliged to submit a report to the Secretary of State regarding the affairs of the insolvent Company and also the conduct of its directors. From 6 April 2016 the way in which insolvency...
Read more...A Members’ Voluntary Liquidation is a shareholder-led process, which is a tax efficient method for bringing to an end the life of a solvent company. All creditors of the Company are paid in full and the surplus thereafter is distributed to the...
Read more...Section 110 of the Insolvency Act 1986 allows a liquidator to accept shares in a new company or companies as part or full consideration for the transfer of the whole or part of the business of the company in liquidation. This process can be used...
Read more...Administrations drop to lowest level since 2005 You may be surprised to learn that the number of companies entering administration in the first quarter of 2013 was at its lowest level since 2005. High profile retail casualties including HMV,...
Read more...Anecdotal evidence has suggested that HM Revenue & Customs have been adopting a hard line stance on businesses that fail to keep up with their payments to the Crown for some time now. Recent figures have seemed to confirm this. In the year...
Read more...They are just as painful for small businesses Our research shows that it isn’t just the consumer who is seduced by the lure of quick and easy money to push forward plans to keep the business going. The problem occurs when this "quick and easy"...
Read more...Wrongful trading In these uncertain times, a director of a limited company needs to take extra care, especially when the company becomes unable to avoid liquidation. When a company is insolvent*, the director’s primary duty of care is to the...
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Will it push your client over the edge? As you will be aware, RTI reporting comes in to affect next month. No longer will you be required to submit your client’s P35 annual return once a year by 19th May. Instead, you must submit your...
Read more...The Office for National Statistics has recently revealed that the number of self-employed workers has risen by 367,000 to 4.2 million between the start of the economic downturn in 2008 and June 2012. 60% came between 2011 and 2012. Self-employed...
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