Did you know? If you are a Council Tax payer who has been made bankrupt then no further payments should be made in the finanical year the bankruptcy commences. This is because Council Tax is a provable debt in bankruptcy whether you are in arrears or not.
It is reported that 30% of insolvent business closures cause separation or divorce due to the stress of the situation. Professional help with business closure can alleviate the stress very quickly; the sooner this is recognised, the better for all concerned.
Directors’ guarantees are often given and effectively pierce the veil of incorporation. Consequences can be significant when personal assets are at risk. Losing a business and livelihood is bad, but losing your home is something else.
When businesses and business owners get into debt, it can be very helpful to have someone on your side. We work with business owners to achieve the best possible outcome for them. Because we work for you and not the creditors, our sole aim is to get the best outcome for you.
Feeling the squeeze on your business finances?
More going out than coming in and costs rising?
Are you trading whilst insolvent? Extreme care should be taken by directors as you could be held personally liable for the debts of the business.
Each person is unique
You are different and that's why we remember that each client has his/her own unique characteristics, wants and needs. Tailoring the right solution is paramount.
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Company insolvencies was 3% higher than the pre-pandemic month January 2020. Driven up by an increase in CVL's which were 34% higher than pre-pandemic levels. Compulsory liquidations however, were 60% lower than pre-pandemic but this is going to change as HMRC become more active.
Did you know that when a company is placed into formal insolvency and employees are made redundant, they can claim certain entitlements from the Redundancy Payments Service. Director’s this applies to you too but certain criteria need to be met!
Another great Trustpilot review.....HMRC were chasing for a “debt” from almost 20 years ago. Three different accounting firms tried to deal with the matter and failed.
The Insolvency Service is taking an increasingly firm stance on directors committing fraud, with 122 convictions in the year up to 30 September 2021; this is up from 40 for the same period last year. with a further 87% increase in the number of directors now facing prison
The Insolvency Service is taking an increasingly firm stance on directors committing fraud, with 122 convictions in the year up to 30 September 2021; this is up from 40 for the same period last year. with a further 87% increase in the number of directors now facing prison
The impact on the family when a business fails is huge. An estimated 30% of insolvent company closures end in separation or divorce. Professional help with business closure can alleviate the stress very quickly; the sooner this is recognised, the better for all concerned.
Director’s, has your company made enough profit to cover your slice of the pie? When the profits are insufficient to meet the drawings a director loan position is created - a debt the director owes to the business. Make sure you have an appropriate remuneration strategy.
Debt pressure and business uncertainty impacts on business owners mental health. Affecting the capability to make it through the day, to sustain relationships and work. We aim to relieve some of the pressure - dealing with matters does help and removes uncertainty.
Are you in business and have financial problems? We work for you, the business owner, and not the bank or creditors, our only aim is to improve your situation by helping you manage your debt issue.
Creditors hands are tied again with further measures being introduced to protect businesses.
These will help companies get on their feet and back to financial health by temporarily raising the threshold for a winding up petition to £10,000 or more until 31 March 2022.
Debt pressure and business uncertainty impacts on business owners mental health. Affecting the capability to make it through the day, to sustain relationships and work. We aim to relieve some of the pressure - dealing with matters does help and removes uncertainty.