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 »
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 »
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 goes into liquidation, directors are often left wondering what happens to the contracts and lease obligations they’ve signed while trading. Whether it’s a commercial lease, supplier agreement, or equipment finance deal, these commitments can feel like a weight hanging over you. Understanding how these are handled is an important part of the
What Happens to Contracts & Lease Obligations After Liquidation? Read More »
Running a business is never easy. Markets change, costs rise, and sometimes cash simply runs out faster than it comes in. For many company directors, it can be difficult to know whether a financial problem is temporary or whether the business is sliding into insolvency. What is certain, however, is that the moment a company
Trading While Insolvent: Legal Risks UK Directors Must Understand Read More »
If you’ve been following UK business news over the last year, you’ll know there’s been a remarkable rise in voluntary liquidations, the highest we’ve seen since the pandemic. While insolvency statistics often climb during periods of economic stress, this latest spike isn’t purely down to businesses struggling. This time, tax policy is a big part
Tax Policy Drives Entrepreneurial Liquidations Read More »
If COVID, floods, cyberattacks, supplier meltdowns or the good old British weather have taught us anything, it’s this: things go pear-shaped. And when challenges do arise, it’s often the businesses without a clear plan that struggle the most. That’s where a Business Continuity Plan (BCP) becomes essential. It’s not just a box-ticking exercise—it’s your practical
The Key Elements of a Business Continuity Plan in the UK Read More »
Thinking of dissolving your limited company? Maybe the business isn’t quite cutting the mustard anymore, or you’re just ready to call it a day. Whatever your reason, you’ll need to go through the proper steps to shut up shop officially. At Simple Liquidation, we’ve helped hundreds of directors navigate this minefield, from solvent closures to
Step-by-Step Guide to Dissolving Your Limited Company in the UK Read More »
MCE Insurance, once one of the UK’s leading motorcycle insurers, has officially entered Creditors’ Voluntary Liquidation (CVL). This significant development has attracted considerable attention across the insurance and insolvency sectors. For policyholders, creditors, and industry observers, the move is a sad moment for a firm that had operated in the UK insurance market for nearly
MCE Insurance Enters Creditors’ Voluntary Liquidation Read More »
When a company faces liquidation, many directors feel overwhelmed and uncertain about what comes next. But one of the most important aspects of this process is understanding your legal obligations. If you’re a company director navigating liquidation, knowing your responsibilities can help you avoid personal liability and ensure the process is handled correctly. This blog
What Are a Director’s Legal Duties During Company Liquidation? Read More »
