Filing a Notice of Intent
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…
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Debenhams enters liquidation – job losses on the way
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…
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Arcadia goes into administration – Topshop closures
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…
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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…
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Peacocks and Jaeger collapse into administration
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…
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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…
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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…
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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…
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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…
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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…
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