The construction industry is not an easy one to work in, especially for small enterprises and sole traders. It is an industry that demands a significant amount of effort from those that work within it, and can be quite competitive in some cases. Unfortunately, some companies can take this competitiveness to an unpleasant level, attempting…
Read MoreDirectors of insolvent companies have a few options at their disposal for dealing with debt. One method is voluntary liquidation, which allows directors an efficient method of winding up their company and paying back outstanding creditors. However, liquidation marks an end for the company in question, resulting in it being removed from the Companies House…
Read MoreThere comes a point in the life of many companies when liquidation will be considered as a way of dealing with the severe debts of the business. In this article, Clarke Bell will discuss voluntary liquidation and how a company’s employees and directors can claim their statutory redundancy payments. Creditors’ Voluntary Liquidation and employee redundancy…
Read MoreThe decision to close a business is never an easy one to make. The reasons for doing so are plentiful, with some being worse than others. Directors may choose to close their company for the sake of retirement, as a response to a decline in profitability, or because their companies are buckling under the weight of…
Read MoreThe U.K. government introduced Bounce Back Loans as part of the Bounce Back Loan Scheme. These loans came as a response to the economic impact of the Coronavirus pandemic, and aimed to support small and medium companies through the worst of it, to varying levels of success. However, although the government guaranteed Bounce Back Loans,…
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