What happens to employees when a company goes into liquidation?
The potential loss of income when an employer enters liquidation is a major concern for employees. Will they still be paid what they’re owed? We’ll aim to answer that question in this short article…
Why would you voluntarily liquidate a company?
In the lifecycle of your company, there might come a time when it’s necessary to close it down. One common way of doing this is using the process of liquidation. Liquidation can be done…
Bounce Back Loans and personal liability
Could you be held personally liable if your company defaults on a Bounce Back Loan (BBL)? “No lender was allowed to ask for a personal guarantee”. During the Covid pandemic, 1.5 million businesses chose…
Unable to pay your Bounce Back Loan?
If you’re a company director or sole trader worried that you’re unable to pay your Bounce Back Loan, you should take advice as soon as possible. The earlier you get a professional involved, the…
Phoenixing meaning: What is a Phoenix Company?
If you’re considering liquidating your insolvent company, have you thought about how to start over? With a Phoenix Company, you could potentially restart your old business, free of debt. However, there are strict rules…
How to Close a Limited Company
How to close a limited company Are you thinking about closing your limited company? As professionals in the industry, we recognise just how overwhelming this might be for you. That’s why we’re here to…
The energy crisis: what next for UK businesses?
The energy crisis: what next for UK businesses? New Conservative leader Liz Truss has promised to protect consumers from price rises by shouldering some of the bill for their domestic energy usage. For UK…