Brett Barton

An Insolvency Practitioner who specialises in giving pragmatic advice to directors of companies who experience financial difficulties.

[Brett Barton @Brett_Barton1]

@RishiSunak I hope these new CBILs are introduced with more success that EFGs. They had high interest rates and always needed a PG. such restrictions will only push people to give up and not take help.

[Brett Barton @Brett_Barton1]

When identifying whether you might have a conflict of interest you need to factor in your family and extended family’s actions and personal situations, as they are also covered by the laws https://t.co/DSMKrsMnvP

[Brett Barton @Brett_Barton1]

Essentially, the type of restoration process required depends on who originally struck off the company https://t.co/wjIxrZB5ej

[Brett Barton @Brett_Barton1]

There are many reasons why you might want to step down as a director of your company, but before you do it’s worthwhile considering whether or not you would keep your shares in the company https://t.co/W6c9vysEI4

[Brett Barton @Brett_Barton1]

If you are still keen to obtain finance in spite of receiving a rejection, there are a few things you can try https://t.co/h38zgSIOgp

[Brett Barton @Brett_Barton1]

Trying to hide assets from a liquidator is a common example of misfeasance https://t.co/pPvJ4ebcjn

[Brett Barton @Brett_Barton1]

British companies have been told that they should outline the potential impact of #coronavirus on their financial performance in their end of year accounts https://t.co/tlYKAnsHDa

[Brett Barton @Brett_Barton1]

Not all creditors are equal. https://t.co/RnoXuycxc1

[Brett Barton @Brett_Barton1]

While CVAs are not right for every situation, for a company struggling financially, but with a viable future ahead of it, CVAs can offer the ideal solution to their problems https://t.co/3WK7xSPjrd

[Brett Barton @Brett_Barton1]

HMRC have a number of options available to them when it comes to recovering late tax payments from UK companies https://t.co/ZtnOb0JJvy

[Brett Barton @Brett_Barton1]

By boosting employee morale through flexible working, this encourages employee productivity which contributes to cost savings for the business and reduces the carbon footprint as fewer resources will be used #4dayweek https://t.co/GQMfUUAqQk

[Brett Barton @Brett_Barton1]

Not all creditors are equal. https://t.co/RnoXuycxc1

[Brett Barton @Brett_Barton1]

The key with dividends is that they should only be taken from company profit https://t.co/jU9M0LSV2h

[Brett Barton @Brett_Barton1]

That’s the conclusion of a government-commissioned report looking at the challenges being faced by the retail sector across the country https://t.co/BmmA7rQIpa

[Brett Barton @Brett_Barton1]

If more than one director has provided a guarantee for a loan, the lender will generally target the director who is most financially able to pay, or owns high value assets https://t.co/eDBTWw2DY1

[Brett Barton @Brett_Barton1]

More than 11 million British taxpayers submitted self-assessment returns this year, with a large majority being filed online, but more than 950,000 people apparently let the deadline come and go without getting their details in. https://t.co/TGbDp15pUF

[Brett Barton @Brett_Barton1]

It is possible to sell business assets before your company goes into liquidation, but the Insolvency Act sets out the strict conditions by which to do so https://t.co/gbNrenQG9M

[Brett Barton @Brett_Barton1]

Property investors, specifically involved in the buying and selling of their own real estate, were victim to a 30% increase with 15,033 businesses now in distress, compared with 11,573 in 2018 https://t.co/v8BDtveiJt

[Brett Barton @Brett_Barton1]

Entrepreneurs’ Relief can be claimed when the business, or part of it, is sold to another party; the company is placed into a solvent liquidation process; or as part of a restructuring of a company’s shareholding. #entrepreneur #entrepreneurship https://t.co/PnJA33cbiG

[Brett Barton @Brett_Barton1]

From April 2020, medium and large organisations operating in the private sector that hire contractors to work with them will need to determine their employment status before taking them on https://t.co/5pX4PJEIW8