When closing a limited company, directors must choose between strike-off and liquidation. Understanding the key differences between these options is crucial for making an informed decision and avoiding any possible complications. Determining Your...
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In a recent crackdown on unauthorised financial services, a Manchester-based company has been forced to cease operations. Save Consultants Ltd, which claimed to offer insolvency practitioner services, was wound up by the High Court in Manchester on...
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When a business fails a director’s duties continue. Directors have several responsibilities and potential liabilities they must fulfil and these cannot be avoided by entering into insolvency or liquidation – even by resigning. Generally,...
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If you or your client’s business is facing financial distress it can be a stressful and worrying time for all involved. It can also be daunting to be presented with an overload of information and options on what to do next. Perhaps a formal...
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A restructuring plan is a recently introduced court-supervised process that allows financially distressed companies to restructure their liabilities and reach a binding compromise with their creditors and/or shareholders. It must have approval from...
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The number of registered company insolvencies in July 2023 was 1,727, 6% lower than in the same month in the previous year (1,831 in July 2022). This was higher than levels seen while the Government support measures were in place in response to the...
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The number of registered company insolvencies in June 2023 was 2,163, 27% higher than in the same month in the previous year (1,698 in June 2022). There were 260 compulsory liquidations in June 2023, 77% higher than in June 2022. Numbers of...
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The number of registered company insolvencies in May 2023 was 2552, 40% higher than in the same month in the previous year and a leap of 51% on April's figures. The number of company insolvencies in May 2023 was 40% higher than the number in...
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The number of registered company insolvencies in April 2023 was 1,685 15% lower than the number in April 2022 The decrease in company insolvencies compared to the same month last year was driven by a decrease in the number of CVLs,...
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Isobel Brett provides comment for Financial Accountant on bounce back loans
Posted By: Bretts Business Recovery Ltd on 19th March 2024
Isobel Brett was featured in a recent article in Financial Accountant looking at the worrying number of bounce back loans issued to struggling SMEs by the Government, which may never be re-paid or were potentially mis-used. The article considers...
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