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4 February 2022

A Statement of Affairs (SOA) is a document that outlines a limited company’s assets and liabilities. The SOA is usually put together by a liquidator or Insolvency Practitioner when the company is undergoing an insolvency procedure. The Statement of Affairs is then registered by Companies House where it eventually becomes available to view to the…

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When a limited company has unpaid debts, the creditors to which it owes money have the right to appoint a bailiff to retrieve what is owed. If your company is in debt, it can be a stressful time. Therefore, if you believe that you might face a visit from the bailiffs, it is critical to…

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Thousands of directors make the decision to close their limited companies each year. Whether you no longer have a use for the business, are looking to retire, or no longer see a sustainable future for the company, there are many factors to take into consideration when closing a company, including how much it will cost.…

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Upon becoming the director of a limited company, individuals take on an array of statutory duties that they must adhere to as outlined by the Companies Act. Misfeasance is the term that refers to the wrong or inappropriate actions of a company director who has not fulfilled their director’s duties. In this guide, Clarke Bell…

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There are several different ways to close a company, from Creditors’ Voluntary Liquidation (CVL) to Members’ Voluntary Liquidation (MVL). The best way for you will depend on your financial situation and whether your company is solvent or insolvent. To help directors understand what paths are open to them, in this guide, Clarke Bells explains how…

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