What is compulsory liquidation?
A compulsory liquidation as the name suggests involves a company or limited liability partnership (LLP) that is unable to pay its debts and is in the process of being forced…
Trade Out of Insolvency?
Trading out of insolvency is commonly used to describe the process by which a company facing a serious cash flow problem. Trading out can be either an informal arrangement with creditors…
Free Insolvency Advice for my Limited Company?
When start to experience financial difficulties within their limited companies, it may be difficult to know where to turn. Many business owners turn to the internet to seek a way…
What is a Statement of Affairs
A Statement of Affairs is a document within the insolvency process that provides an overview of the company assets and liabilities, this document is usually completed by directors with the…
Business Restructuring
Business restructuring is a core part of service that are offered by licensed insolvency practitioners and turnaround specialists in the UK. In the article we look at the aims to define…
How to Close Down a Limited Company
If you decides that you no longer need their limited company, for whatever reason, then they can close down their company and remove it from the Companies House register, which…
How to Avoid Company Directors Negligence
Limited liability in a company context means limited liability for shareholders but not for directors. Directors can have a number of different potential legal liabilities arising from their position as agent…
Harvester and All Bar One set to make extensive redundancies
The pubs and restaurants group, Mitchells and Butlers, has begun consultations regarding impending redundancies within the business. The company has faced major struggles at the hands of Covid-19 and thus…
Pizza Express closures
The well-known restaurant chain Pizza Express is set to make 27 full store closures in the coming weeks, though this won’t be much of a shock to people as information…
Free help and advice for restaurant owners
The Coronavirus has unfortunately led to some bad news for many restaurants around the UK. Many closures have been made right across the board, from smaller limited companies or independent…