What are the financial and legal implications of a CVL
7 mins 28th February 2025
Company directors must think very carefully before they decide to enter a liquidation procedure. In this blog, we’re looking at the financial and legal implications of a CVL. Although you...
Preparing for Creditors’ Voluntary Liquidation
7 mins 4th February 2025
It can be a difficult decision to liquidate your company, but sometimes, it is the only option available to directors. In this blog, we’ll let you know about preparing for...
How to close a limited company that never traded
6 mins 20th November 2024
There are many reasons why a director may decide to close their limited company. In this blog, we’re looking into how to close a limited company that never traded. Business...
What can my employees claim if I liquidate my company?
4 mins 31st October 2023
So, your business is struggling, and you’re unable to pay your staff’s wages? Understandably, you’re worrying. In this blog, we’re answering the question, what can my employees claim if I...
Pros and cons of administration
4 mins 16th August 2023
Administration is one of the options available to limited companies when they’re struggling financially. It’s important to understand that administration might not be the right process for you and your...
What is a director’s conduct report, and should I be worried?
5 mins 4th August 2023
There are many aspects to think about as a director in liquidation, and many things you will need to be made aware of too. In this blog, we’re answering the...
What happens if you can’t pay an overdrawn Director’s Loan Account?
8 mins 23rd September 2022
What happens if you can’t pay an overdrawn Directors Loan Account? Dealing with company liquidation can be stressful, so we’re here to answer your most important questions. One question we...
How long does liquidation take?
8 mins 8th August 2022
So, you’ve decided to liquidate your business, you’re probably trying to figure out how everything works, when things will start to happen and how is best to deal with the...
Order of Payments in Liquidation: Who gets paid first?
8 mins 29th July 2022
Order of Payments in Liquidation: Who gets paid first? When entering an insolvent liquidation for the first time, it can be hard to understand how everything works. If your business...
A guide to company voluntary liquidation
8 mins 22nd July 2022
A guide to company voluntary liquidation If your business is suffering financially, you may be worrying about what’s next and how to deal with it. The good news is that...
Can I close my limited company and open a new one?
8 mins 6th May 2022
For many business owners, the financial pressures of the last few years still impact their business strategies. For some, they may even be getting worse due to rising costs of...
What happens to a director of a company in liquidation?
8 mins 1st March 2022
What happens to a director of a company in liquidation? If you find yourself in the unfortunate position of your limited company facing insolvency, it can be a very uncertain...