Insights
Answers to the questions people actually ask
Written for directors, individuals and employees dealing with financial difficulty, without the jargon and without the sales pitch.
HMRC's preferential status: what lenders and directors need to know
Since December 2020, HMRC has ranked ahead of floating charge holders for VAT, PAYE and CIS. It quietly changed the value of a lender's security, and most facility papers have never been revisited.
Read the article →Administration vs Liquidation: what's the difference?
The two are routinely confused, and the difference is fundamental: one is aimed at saving something, the other at concluding matters properly.
Read the article →My company can't pay its debts. What happens next?
The point at which a company cannot pay its debts is a legal turning point, not just a cash flow problem. Here is what changes, what your options are, and what happens if you wait.
Read the article →What happens to employees when a company goes into liquidation?
If your employer has failed, you are not left with nothing. Here is what you can claim, from whom, and how the process works.
Read the article →Wrongful trading and director personal liability, explained
Limited liability is real, but it is not unconditional. Here are the four routes by which company debts become personal, and what protects you from each.
Read the article →Let’s talk it through, in confidence.
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