Who Pays for Staff Redundancy When a Business Goes into Liquidation?
When a business enters liquidation, one of the most pressing and sensitive issues is what happens to employees. For many directors, concerns around staff redundancy,
What Happens When I Owe Money to My Own Company?
It is not uncommon for directors or shareholders to owe money to their own company. This situation often arises through director’s loans, drawings taken in
Can I Buy Back Assets During or After a Liquidation?
When a company enters liquidation, directors often worry that everything the business owns will be lost forever. This can be particularly difficult where assets still
What Is the Process of Liquidating a Partnership Business?
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
What Tax Do You Pay When You Close a Limited Company?
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
What Is a Director Conduct Report During Liquidation?
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
What Are the Three Different Types of Liquidation?
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
What Counts as a Prohibited Company Name Under Section 216
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.
What Is a Phoenix Company and How Does It Work?
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
Who Can Legally Carry Out Insolvency Work in the UK? Lessons from Davis Acquisitions Ltd
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
