There was a recent announcement from the Secretary of State for Business Energy and Industrial Strategy in which changes were put forward regarding the UK’s insolvency rules. The aim being to try to help businesses keep on going through the huge challenges faced by the COVID-19 crisis. What was announced? The announcement included: New rules…
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Why would you close down a solvent company using a liquidator? It sounds counter-intuitive that you would appoint an Insolvency Practitioner to liquidate a company that is solvent and is not suffering any financial difficulties. However, there are times when this is the best option for you when you are ready to close down your…
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It’s no secret that many UK businesses are struggling to meet their tax liabilities, mainly due to cash flow problems. This has only been exacerbated following the outbreak of the COVID-19 coronavirus. If, like thousands of other companies, your business is struggling with the havoc COVID-19 is causing, you do have options. Crucially, you may…
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The 2020 Budget has been delivered by Chancellor Rishi Sunak, and we’re taking a quick look at some of the key announcements that will affect SMEs across the UK. Naturally, a lot of the announcements were heavily focused on the growing coronavirus crisis, with some updates relating to SMEs and the spread of the virus…
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You may be considering closing down your limited company for any number of reasons, such as the impending IR35 private sector reforms or retirement. If you’re thinking about going back to full-time employment, then you probably want to know what your options are, and if a Members’ Voluntary Liquidation (MVL) is best for you. Well…
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