FAQs

What is Wrongful Trading, and Who Can be Liable?

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…

Business Funding and Alternative Finance SMEs

“Can you help with business funding and alternative finance for our business?” One of the biggest perceived hurdles for SMEs today is the perception that finance is difficult to get yet major Government sponsored research indicates that of all profitable…

What is Insolvency?

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…

Raising Finance Fast

“I am trying to raise some cash to help my company trade on. Can I sell my company’s stock and assets to raise some cash?” The majority of directors have at one time or another kept their company afloat with…

What is an Overdrawn Director’s Loan Account?

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,…