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…

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…

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…

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…

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…

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…