BACKGROUND: An established chain of beauty salons sought our advice after a culmination of specific and extraordinary trading issues resulted in severe cash flow problems. The Company assets were secured against a long-term loan and a bank...
Read more...
Latest company and individual insolvency statistics remain low. The latest monthly release of insolvency statistics for England and Wales was published on 13 November 2020. * Overall numbers of company and individual insolvencies remained low in...
Read more...
Finance Act 2020 gives HMRC powers to make directors and others connected to a company, jointly and severally liable for the company's tax liabilities if the company becomes insolvent. It’s likely that many businesses will struggle to recover to...
Read more...
Latest company and individual insolvency statistics remain low. The latest monthly release of insolvency statistics for England and Wales was published on 14 October 2020. * Overall numbers of company and individual insolvencies remained low in...
Read more...
In insolvency, directors that side-step their legal and fiduciary responsibilities may be disqualified from being able to act as a director for a period of time. It is imperative that during difficult trading conditions directors remain vigilant...
Read more...
Director of Bishops Stortford car dealership banned after entering into illegitimate contracts with customers breaching arrangements with finance providers 123 Motors Ltd was incorporated in July 2015 and traded as car dealership from premises in...
Read more...Boss of holiday parks firm has been banned for 14 years after investors were owed more than £19 million in failed investment scheme. Harlow-based Simon Moir (58) has been disqualified from acting as a director for 14 years. From 22 September, the...
Read more...
A legally binding agreement between a company (“CVA”), partnership (“PVA”) or an individual (“IVA”) and their unsecured creditors to repay all or part of their debt over a fixed period of time. Negotiating more time to pay your debts...
Read more...
Bankruptcy is a frightening prospect with lasting implications so it’s no wonder that you may be reluctant to consider it as an option if you’re struggling to pay debts. If your circumstances allow, a Debt Relief Order may prove to be a...
Read more...
Latest company and individual insolvency statistics remain low overall following July's spike in administrations. The latest monthly release of insolvency statistics for England and Wales was published on 15 September 2020. * Overall numbers of...
Read more...