What is Bounce Back Loan Fraud? The cabinet office has spoken about 2 types of Bounce Back Loan fraud but hasn’t given much information on if/how people found guilty will be prosecuted. Soft Fraud – this term has been used for borrowers who have exaggerated turnover in
Read more →Where to begin Firstly, it’s important to note that a dormant company is not a closed company. A company is considered inactive (or dormant) if it is not trading or receiving any form of income from trading itself or other sources, such as investment. Before you decide
Read more →
Where to begin Bankruptcy is a term used solely for individuals in the UK. Whilst it can apply to sole traders, it cannot apply to limited companies, so company bankruptcy is actually company insolvency, which must be addressed. If your limited company is no longer able to
Read more →Where to begin When a company falls into debt, it can cause many problems, including increasing demands from the creditors to repay what is owed. This not only places a considerable amount of stress on the directors, but it can also result in action being taken that
Read more →Where to begin If you are a director of a business which has got itself into debt, you will undoubtedly want to get the company back on track if at all possible. There are several options available to you in order to alleviate the issues, including corporate
Read more →If you are a Company Director experiencing business debt problems, you’re in the right place and we can help you. Whether its HMRC, banks or suppliers we have a wealth of knowledge that comes from over 20 years of helping directors with business debt problems. Lots of
Read more →Where to begin If your limited company has ceased trading and you wish to close it down, there are certain procedures depending on the financial health of it. Just because you have ceased trading, it does not necessarily mean your business is insolvent, and as such, there
Read more →Where to begin A CVL is a Creditors’ Voluntary Liquidation and is a process for an insolvent company to follow in order to liquidate it both formally and legally. As the name suggests, it is entered into voluntarily when the directors and shareholders recognise the business is
Read more →Where to begin If you are already a director of a company or are planning to become one, there are certain responsibilities that you must adhere to. Some of these responsibilities are governed by the Companies Act 2006. While the vast majority of directors will act lawfully
Read more →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 liability is a debt that your company is responsible for, such as bank loans, outstanding invoices, finance
Read more →
