The insolvency statistics released for May 2024 show that of the 2,006 registered company insolvencies: There were 271 compulsory liquidations 1,590 creditors’ voluntary liquidations (CVLs) 126 administrations 19 company...
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As Bretts Business Recovery celebrates 10 years of being in business, Managing Director Isobel Brett shares her Top 10 predictions for 2023: Top 10 Predictions IVAs are becoming more popular as the 31stJan deadline has passed and...
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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...
Read more...The short answer is “No”, but the long answer is “Yes, it is possible but care needs to be taken to follow the rules or you may face criminal proceedings and become personally liable for the new company’s liabilities”. S.216 of the...
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...
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