Every Tuesday afternoon from 2pm until 5pm we are running a free insolvency advice clinic at our office in Manchester. Specialisms include:- Administrations (including Pre Pack) Liquidations Company and Individual Voluntary Arrangements Bankruptcy To [...]
For those companies on the opposite end being zombie the withdrawal of the extra statutory concession c16 means that any company who wants to make a capital distribution in excess of £25,000 needs to [...]
A pre-pack sale is when the assets of an insolvent business have been substantially agreed for sale to a company which is either operated by the same directors, shareholders or a third party prior [...]
With an rise in zombie companies, businesses are becoming increasingly under pressure that they may lose key customers and cannot afford for zombie companies to fail. This is helped further by HMRC allowing companies [...]
In the last month or so HMRC have won and lost two different battles which are likely to change the landscape of football insolvency. The High Court rejected HMRC’s attempt to get the ‘football [...]
What does liquidation mean and what does a liquidator actually do? The process of [intlink id="102" type="page"]liquidation[/intlink] is when a company is either at or near to the end of its life and the remaining [...]
HMRC - THE INVOLUNTARY CREDITOR HMRC are the ultimate involuntary creditor. By trading in the UK a business or individual is liable to pay tax under UK legislation. With effect from 6 April 2012, [...]
As you are no doubt aware the withdrawal of Extra Statutory Concession ESC16 took place on 1 March 2012. Historically you would have required prior consent of HM Revenue & Customs in order to [...]