HMRC Takes Steps to Recoup £1.5bn Lost in Online VAT Fraud HMRC has recently introduced new powers that will make it easier to trace and collect the VAT generated by transactions that take place on digital...Read More
How Do Business Recovery Services Work? Can My Company be Rescued? We are specialists at strategic business rescue and business recovery strategies. If your business is having cash-flow problems, approaching insolvency, or you could use some...Read More
Is a Formal or Informal Insolvency Arrangement Better for Your Business? There comes a point when the directors of a struggling business must take stock, assess their situation and try to find a viable solution that...Read More
Company Administration: A Guide for Limited Company Directors If your company is struggling under the weight of financial pressure and unable to pay bills when they fall due, the risk of insolvency is...Read More
What Legal Action can you Take to Recover a Bad Company Debt? If you’ve exhaustively chased a customer and there’s still no sign of a payment, it’s time to consider the possible legal action you can take....Read More
Late Invoice Payments Continue to be a Big Problem for British Businesses If there’s one aspect of running a business that’s sure to frustrate, enrage and even keep business owners up at night, it’s late payments. We’re...Read More
Should UK Adopt a Version of US Chapter 11 Bankruptcy Process? A 21-day moratorium for failing businesses is among suggestions for reforming the UK’s corporate insolvency regime. Will a version similar to America’s Chapter 11 bankruptcy...Read More
What is a Zombie Company and Can you Bring it Back to Life? A zombie company constantly fighting off debt without ever flourishing. In fact, like a zombie, it shows many of the signs of operating like a...Read More
5 Ways to Avoid Being Wound Up By HMRC What happens when you receive your next VAT bill from HMRC and realise you simply can’t pay? At first you might think you’re experiencing a minor...Read More
What are a Company Director’s Duties to Avoid and Disclose Conflicts of Interest A director’s duties can be confusing at times. Some company directors fail to properly grasp the distinction between the company as a separate legal entity...Read More
What are your Legal Duties as a Director if you’re Trading Insolvent? It is not actually against the law to continue doing business when you are insolvent. However, the leeway for insolvent trading only applies up until...Read More
What is a Director’s Responsibility for Accountancy Errors? There’s nothing unusual about the director or owner of a limited company deciding to hire an accountant to help meet the company’s tax and accounting...Read More