FAQs

Can’t Pay Suppliers? With the current economic situation as a result of Coronavirus you can be very sure you’re not alone. All across Britain, companies are struggling to pay their debts, and one of the first places that will make…

Creditor pressure can be unbearably stressful. Trying to make ends meet when your business is struggling financially and maintaining a healthy level of cash-flow are common challenges faced by directors. Limited access to funding can further compound your problems, making…

Becoming the director of a limited company brings with it certain fundamental responsibilities laid down in the law. When these are not adhered to, directors risk what is called a ‘directors disqualification order’, which means they are banned for ‘unfit…

A statutory demand against a company is a formal, legal warning from a creditor, that is sometimes used as a key part of a serious debt claim. Any legal court judgement can be used as evidence of insolvency and this…

This article will explain the concept of wrongful trading in detail, and how this may affect you if you’re the director of an insolvency company. Concerned about Wrongful Trading? Just use the livechat during working hours for immediate help. Or…

Both individuals and companies can be described as ‘insolvent’ but, for individuals, bankruptcy is the more commonly used term. Insolvency is when when a company’s debts outweigh assets or if the company cannot pay its bills when due. If it…

A director’s loan account (DLA) is simply a record of transactions between the director and the company itself, outside of the normal salary, or dividends. When a director takes more money out of the company than they put back in,…