Knowledge Bank

If I liquidate my company will I lose my home?

5 mins 5th November 2021

If I liquidate my company will I lose my home? If you are thinking about liquidating your business then you are probably also wondering what are the risks to you...

Does Liquidation Affect My Credit Rating?

9 mins 22nd October 2021

Does Liquidation Affect My Credit Rating?  Since the pandemic, many directors have had to make the tough decision to close their limited companies. Liquidation and company closure can be a...

Personal liability for bounce back loans

9 mins 12th October 2021

Personal liability for bounce back loans Personal liability for bounce back loans is a subject that comes up with many business owners that we speak to. Over 1.5 million Bounce...

Personally Liable For Company Debts?

4 mins 27th August 2021

As a director, will I be held personally liable for my company’s debt? Where to begin Understanding your liabilities as a director can be hard work and often confusing. A...

What is Compulsory Liquidation?

10 mins 27th August 2021

What is compulsory liquidation? There are many reasons why a business may start to struggle financially. Unfortunately, if you don’t do anything about it, you may end up entering a...

What is a Company Voluntary Arrangement?

10 mins 25th August 2021

What is a Company Voluntary Arrangement? There can be many reasons why a company may face financial difficulties, and it’s important to deal with these in the most appropriate way....

The Liquidation Process

10 mins 25th August 2021

The Liquidation Process You likely have many questions about placing your insolvent company into liquidation, and we’re here to help. We provide director-focused professional advice to ensure you get the...

What is Pre-pack Liquidation?

6 mins 25th August 2021

What is pre-pack liquidation? Businesses can face financial pressures for many reasons. Most of the time, businesses can continue to trade through these, but that’s not the case for all...

How do I apply for a Creditors’ Voluntary Liquidation (CVL)?

3 mins 25th August 2021

Where to begin If your limited company is insolvent, then you are able to apply for a Creditors’ Voluntary Liquidation (CVL). However, before deciding on any possible course of action,...

Are you entitled to director redundancy pay?

8 mins 9th July 2021

Are you entitled to director redundancy pay? Deciding to close your limited company can be a stressful time, especially if you’re also dealing with financial issues and creditor pressure. You...

Here is when you could be made personally liable in a liquidation.

2 mins 7th June 2021

Here is when you could be made personally liable in a liquidation If you’re a director who has spent their Bounce Back Loan on living costs then watch this video....