By Steven Wiseglass, Licensed Insolvency Practitioner, Director and Founder of Inquesta. HMRC doesn't wait. When a company is having difficulty paying HMRC, falling behind on VAT, PAYE or Corporation Tax, the letters start, then the calls, [...]
Received notice of a creditors meeting and worried about what happens next? The very first thing you need to know is that, despite the name, a creditors meeting isn't actually a meeting — or at [...]
Reading Football Club has been hit with a winding-up petition by former chief executive Nigel Howe, according to reports from The Telegraph. The Reading FC winding up petition, which seeks to force the League [...]
After months of speculation that had both markets and nerves shaking, Chancellor Rachel Reeves delivered her second Budget on November 26th, 2025. While the government frames this as a budget that “backs British business,” the [...]
When creditor phone calls are mounting and cash flow has dried up, the writing is on the wall — your company is heading for insolvency. But what if there was a way you could salvage [...]
According to the Harvard Business Review, 70% of family businesses never make it to the second generation. By the third, 90% have closed their doors or been sold off. For UK family businesses, these aren’t [...]
“I have received a letter from HMRC” — If you've opened that familiar brown envelope and found an HMRC investigation letter inside, that sinking feeling in your stomach is entirely justified. As a company director, [...]
When companies face financial difficulties, creditors might not just scrutinise the actions of official directors. They often dig deeper, examining anybody who may have been ‘pulling the strings’ behind the scenes. Therefore, if you’ve been [...]
What may start as a short-term favour to yourself — borrowing money from your own company to cover a cash flow gap — can rapidly transform into a financial nightmare. An overdrawn director's loan account [...]
Only a single percentage point increase in interest rates can add thousands to a typical SME’s borrowing costs. For businesses already operating on tight margins, this isn’t just an inconvenience — it’s a potential crisis [...]