Knowledge Bank

What happens to a Director’s Loan Account in Liquidation?

10 mins 15th November 2021

What happens to a director’s loan account in liquidation? Firstly, if you are reading this article and are worried that you have a director’s loan, we don’t want you to...

Can I strike a company off that still owes a Bounce Back Loan?

8 mins 12th November 2021

Bounce back loans were made available when many businesses required support. For some, the loan allowed the business to continue. But for others, the business is no longer making money....

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...