Strike Off or Liquidation: What’s the difference?
9 mins 10th May 2022
Company Strike Off or Liquidation: What’s the difference? So you’ve decided to close your limited company, but how do you know which option is the most suitable for you? You...
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...
Will You Have To Pay Your BBL Back If You Liquidate?
7 mins 14th April 2022
Will you have to pay your BBL back if you liquidate? During the pandemic, many business owners took out bounce-back loans. These loans came at a time of great uncertainty,...
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...
What is an insolvency practitioner?
9 mins 21st February 2022
If your limited company is struggling right now and may have to close down, you will come into contact with an insolvency practitioner. But what is an insolvency practitioner? In...
Will I be held personally liable for my company’s debt?
12 mins 15th February 2022
If you’re considering closing your company, you are probably worried about whether you could be held personally liable for your company’s debt. One of our team at 1st Business Rescue...
Can you strike off a company with debts?
10 mins 4th January 2022
We often get asked this question: ‘can I strike a company off that has debts?’ This question often comes from directors who are struggling to keep their businesses afloat. Like...
Bounce Back Loan Fraud
10 mins 6th December 2021
What is bounce-back loan fraud and what will happen to me? The UK Government introduced the bounce-back loan scheme at a time when many business owners were in need. The...
What is a winding-up petition?
9 mins 25th November 2021
Are you struggling to pay your debts when they fall due? Perhaps you have been struggling for a while and are expecting a winding-up petition. The good news is that...
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...