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14 May 2021 Voluntary Liquidation

There are different types of liquidation, including solvent liquidation / Members’ Voluntary Liquidation (MVL) and insolvent liquidations which includes compulsory liquidation and Creditors’ Voluntary Liquidation (CVL). Although these all end with a company being liquidated and dissolved, they are very different processes. To determine which option is right for your company, you will need to…

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11 May 2021 News & General

A year after the UK’s first national lockdown was introduced in a bid to contain the COVID-19 pandemic, the negative impacts on the economy and thousands of businesses are still being felt. After all, GDP fell 19.8% in the second quarter of 2020 – the most since records began. Thousands of businesses have been forced…

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7 May 2021 Business Insolvency

Dissolution is a process that legally marks the end of a company. It is a voluntary process initiated by the company director when they wish to legally close down their business and have it struck off the Companies House registrar. There is a range of reasons to consider dissolving your company, whether it has been…

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The Bounce Back Loan Scheme was introduced by the Chancellor of the Exchequer in 2020 as a way of helping small to medium businesses struggling due to the coronavirus pandemic. As part of the scheme, businesses could borrow between £2,000 and up to 25% of their turnover, up to a maximum of £50,000. Changes to…

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30 April 2021 Business Insolvency

Thousands of businesses large and small have been impacted by the global covid-19 pandemic throughout the past 12 months. With many having to adapt and alter how they operate or stop trading altogether, it has been a turbulent time for a lot of company directors. The economy as a whole has been weakened by the…

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