50,000 businesses become insolvent every year, learning from their experiences can help you avoid going the same way
The warning signs of potential corporate collapse are often misread as normal business teething problems. It's important to be aware of the difference!
December 16, 2011
Posted in: General,Liquidations
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How ESC C16 changes from 1 March 2012.
Most business owners are doing all they can to save money right now. Many do so by taking the bulk of their drawings from their company by way of a dividend. There are real drawbacks to taking dividends from a weakened company. Small business thinking that they can what monies they like from their company how and when they want and somehow backfill later, deferring the paperwork to their accountant. To do so is very risky indeed.
Ten things you should consider if you want to be a success in business in 2011.
As valuable lessons can often be learnt from others’ experiences, understanding why businesses fail can help in avoiding failure. Business failures can be grouped into three categories:
April 20, 2010
Posted in: General,Liquidations
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Paul Brindley has recently written an article for the magazine ‘MotorTransport’, a specialist magazine for the road haulage sector. Click below to read the article.
This article is written for directors of companies looking to enter into time to pay arrangements with HMRC. Whatever the outcome of the election, HMRC can be expected to continue to support businesses through time to pay arrangements agreed under its Business Payment Support Scheme. The Scheme has undoubtedly had a good measure of success,
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May 9, 2008
Posted in: Liquidations
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You may have read from my website that funders of creditors of new companies are taking a major interest in ‘phoenix’ businesses which fail, firstly assessing whether in their view the veil of incorporation can be lifted, and then taking the directors through the courts to make them personally liable for newco’s debts, including their debt, for having
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March 25, 2008
Posted in: Liquidations
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It is commonly known that Liquidators can cause directors to make personal contributions into the company post liquidation where there has been wrongful trading, fraudulent trading, misfeasance, and several other ‘wrongdoings’. In recent years the courts have been increasingly stripping away the veil of incorporation to make directors personally liable for their actions in running the company in
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