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The UK economy saw a great deal of upheaval in 2020, with much of it being connected to the Coronavirus pandemic. As a response, the government implemented a series of policies and initiatives to help ease the problems that both businesses and members of the public were facing. One such example is the Bounce Back…

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11 July 2023 Business Insolvency

Liquidation is a common procedure for companies. Many directors will enter their company into a particular liquidation procedure at one point or another, for a range of reasons.  For some, their company has run its course, and it makes financial sense to wind it up and extract its retained profits. For others, liquidation can prove…

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As a director considering liquidation for your company, there are many factors for you to consider. Finding the most effective method is naturally the top priority, but knowing how to navigate the legality of a procedure and how to enact it efficiently is of almost equal importance. Thankfully, these tasks can be handled by a…

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A compulsory strike-off is often a stressful experience for business owners. There is a lot to be done, and precious little time in which to do it. Taking too long can land business owners in hot water. Leading to the forced closing of a company and potential penalties for directors. To ensure the process goes…

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30 June 2023 Business Insolvency

Insolvency and liquidation are two states that often go hand in hand. Many insolvent companies enter a state of liquidation due to their financial distress, as a means of handling their debt. Given the close connection, the line between the two is easily seen as blurred, which causes some understandable confusion. However, although they are…

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