Making sure you get the right advice when your company is experiencing financial difficulty is critical to the future of your business. Your priority must be to seek the advice of a licensed insolvency partner. Our knowledge bank below is full of articles that will let you know what to expect, any actions you can take or options you might have.

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  • Bounce Back Loan
  • Company Closure
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  • Insolvency
  • Liquidation

What Will Happen To My Employees’ Redundancy Pay If I Choose To Liquidate My Company?

Where to begin Whilst no director wants to see their company fail, if your company is facing insolvency and needs to be liquidated, you must consider the impact that this will have on your employees. Let’s look at what to expect from the liquidation process and how

Personally Liable For Company Debts?

As a director, will I be held personally liable for my company’s debt? Where to begin A liability is a debt that your company is responsible for, such as bank loans, outstanding invoices, finance arrangements, tax payments and rent costs. By way of the limited liability structure,

HOW TO CLOSE A COMPANY WITH A BOUNCE BACK LOAN

Closing your company with a bounce back loan If you’ve found yourself here reading this blog then it’s quite likely that you’re worrying about your company’s finances. Many businesses are currently searching for information on closing a company with a bounce back loan. The first piece of

Will I Be Made Personally Liable For a Bounce Back Loan If I Liquidate?

This is a subject that comes up with many business owners that we speak to, over 1.5 million Bounce Back Loans were taken but not every business is going to ‘bounce back’. The Bounce Back Loan criteria were very favourable to both borrowers and lenders. The lender

DOES A LIQUIDATION AFFECT MY CREDIT SCORE

Does a Liquidation affect my Credit Score?  With many directors facing the prospect of having to liquidate their ltd company this is a question that is often on a directors mind. The thought of having to close your company can be stressful enough without the idea that

If I liquidate my company will I lose my home?

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 and your family personally if you decide to liquidate your company. With business insolvency figures rising month

3 PROBLEMS YOU CAN FACE BY GOING INTO LIQUIDATION

If your business has become insolvent or you are worried that you may become insolvent in the future then it’s important that you take insolvency advice but it’s just as important that you understand what type of problems you could cause yourself personally by placing your company

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

Can I strike a company off that still owes a Bounce Back Loan? For some, the government’s Bounce Bank Loan Scheme (BBLS) hasn’t proved sufficient to secure the long-term survival of their company, leaving directors with the unfortunate question of what they should do. Many directors are

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

What happens to my directors loan account? Firstly, if you are reading this article and are worried that you have a director’s loan, we don’t want you to panic, there are many directors in the same position. What’s more, there are options for you even if your

Can I close my limited company and start another?

Can I close my limited company and start another? If your company is in financial difficulty and you’re considering insolvency, one of the questions you may be asking is whether you can close it down and start a new one. In this article, we’ll explore this in

CAN I BUY BACK MY COMPANY ASSETS AND START AGAIN?

Can I buy back my company assets and start again?  If you’re considering buying back assets from your liquidated company with your own funds, it’s highly advisable to seek professional advice before you decide to do so.  In this article, we’ll look at some of the things

What happens if I receive a winding-up petition?

A winding-up petition (WUP) is by far the most extreme action that can be taken against your company. In this article, we’ll explore what it is, the process that must be followed and some ways you can stop it from happening. What is a winding-up petition? A

What happens to my Bounce Back loan if I liquidate my company?

Many companies who’ve taken out Bounce Back Loans to support them throughout the COVID-19 pandemic may now be left in the unfortunate position where they’re unable to pay it back. In this article, we’ll look at what will happen to your Bounce Back Loan should you decide

What’s the difference between striking a company off and liquidation?

Companies will close for two main reasons: the shareholders no longer wish to continue with the business, or the business is no longer viable.  Closing a business isn’t as easy as ceasing to exist though, and there are two different routes available. One is striking a company

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