Administration of a Limited Company or PLC can be an intimidating process for many company directors, even so it can offer the best chance of effecting the recovery and successful turnaround…

A notice to appoint an administrator is a document that is filed in court telling the courts that the company intends to go into administration. This attempt to save the…

The UK retail giant Debenhams has officially failed in its last ditch efforts to save itself from permanent closure due to them not being able to secure business-saving funding. It…

A whopping 13,000 jobs have been placed at risk due to Arcadia, the owners of Topshop, Burton and Dorothy Perkins, going into administration. This may come as a surprise to…

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…

Up to 4,800 jobs have been put at risk as the fashion retailers Peacocks, Austin Reed, Jaeger and Jacques Vert have fallen into administration. These retail brands are all part…

Trading out of insolvency is commonly used to describe the process by which a company facing a serious cash flow problem.  Informal arrangement with creditors will establish a strategy to…

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…

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…