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 compulsory liquidation. In this article, we’re answering the question, what is compulsory liquidation? Compulsory liquidation occurs when
Read more →How to close a limited company in the UK Before you start thinking about liquidation, you need to ensure that closing your business is the right decision. In this article, we’re helping you with how to close a limited company in the UK. It might be fairly
Read more →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. In this article, we’re answering the question, what is a company voluntary arrangement? For some businesses, financial
Read more →Where to begin The recent global climate has had a significant impact on all aspects of our lives and none more so than the economic environment. The mandated closure of businesses has been an extremely challenging period for all of those affected, and has threatened a devastating
Read more →Before entering into any insolvency proceedings, you must check your director’s loan account. In this article, we’re answering the question, how does a director’s loan work? What is a director’s loan account? A director’s loan account, or a DLA, is a record of transactions between the company
Read more →You likely have many questions about placing your company into liquidation, and we’re here to help. We provide director-focused professional advice to ensure that you get the best outcome for your circumstances. In this blog, we’re telling you about the liquidation process. What is liquidation? A voluntary
Read more →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 businesses. In this article, we’re telling you all you need to know about pre-pack liquidation. Pre-pack liquidation
Read more →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, we strongly advise you to contact our experts at 1st Business Rescue. We will be able to
Read more →How to avoid problems when going into liquidation Our aim at 1st Business Rescue is to provide director focused insolvency advice. Going into liquidation is a stressful time. In this blog, we’re outlining how to avoid problems when going into liquidation. We’re always keeping up with the
Read more →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 might wonder what happens regarding redundancy for directors. Employee redundancy is often talked about much more than
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