When a partnership business comes to an end, the process can be more complex and personal than closing a limited company. Partnerships are built on shared ownership and shared responsibility, which means that when things go wrong, the consequences often extend beyond the business itself and into the personal finances of the partners. Liquidating a […]
What Is the Process of Liquidating a Partnership Business? Read More »
Closing a limited company in the UK can be a complex process, and one of the biggest areas directors worry about is tax. Whether the company is solvent and you are choosing to close it, or it is insolvent and needs to go through liquidation, HMRC will always need final information and payments before the
What Tax Do You Pay When You Close a Limited Company? Read More »
When a company enters liquidation in the UK, one of the most important parts of the process happens behind the scenes: the preparation and submission of the director conduct report. This report plays a crucial role in ensuring transparency, accountability and proper oversight during a liquidation. Yet for many directors, the term can feel worrying
What Is a Director Conduct Report During Liquidation? Read More »
Liquidation is the formal process of closing a limited company and bringing its affairs to an end. It involves selling company assets, settling debts where possible and removing the company from the register at Companies House. Although all forms of liquidation result in the company ceasing to exist, the reasons behind liquidation and the way
What Are the Three Different Types of Liquidation? Read More »
When a company goes into liquidation, many directors explore the possibility of starting a new business or continuing the same trade under a fresh structure. However, UK insolvency law sets strict rules on what directors can and cannot do when it comes to the reuse of a company name. Section 216 of the Insolvency Act
What Counts as a Prohibited Company Name Under Section 216 Read More »
When a company faces financial difficulty, liquidation can sometimes feel like the end of the road. However, in certain circumstances, directors may have the opportunity to start afresh with a new business that rises from the ashes of the old one. This is known as a “phoenix company”, and while the concept can offer a
What Is a Phoenix Company and How Does It Work? Read More »
When a company begins to struggle financially, directors often turn to online advice or seek professional help for liquidation or rescue options. However, not all “insolvency experts” advertising their services are authorised to act legally. The recent case of Davis Acquisitions Ltd, which was shut down for unlicensed insolvency activities, serves as a strong warning
Who Can Legally Carry Out Insolvency Work in the UK? Lessons from Davis Acquisitions Ltd Read More »
The UK construction sector entered 2025 already weathered by inflation, interest rate pressure and persistent supply chain turbulence. Forecasts for the wider economy suggested only modest growth, while global tensions and materials volatility continued to squeeze margins. Within that context, a steady stream of administrations and liquidations has reshaped the industry’s landscape, touching everything from
Construction companies that couldn’t survive in 2025 Read More »
The rapid rise of cryptocurrency and digital assets has changed the financial landscape, and now it is reshaping insolvency and bankruptcy too. Over the past five years, the number of insolvency cases involving crypto assets in the UK has grown by an astonishing 420%, according to the Insolvency Service. In response, the Service recently appointed
Are Crypto Assets Property in Insolvency? Understanding the 420% Surge in Cases Read More »
If you’re considering closing your company or dealing with business debt, chances are you’ve come across the term “insolvency practitioner” or IP for short. But what exactly do they do, and how are they regulated? In this blog, we’ll walk you through the key responsibilities of insolvency practitioners, how they are licensed, what standards they
The Role and Regulation of Insolvency Practitioners Read More »
