The question of whether or not you can strike off a company with bounce back loans (BBL) outstanding has been asked by directors  since the concept was introduced during the height of the COVID-19 pandemic. [...]

Originally written April 2023. Last Updated March 2026.  If you took out a Bounce Back Loan in 2020-2021 and cannot afford to repay it in 2026, you're facing a critical question: will your Bounce Back [...]

As director of a limited company, one thing you likely are sure of is your relative safety when it comes to bankruptcy should your business ever fail. However, there are some situations where personal insolvency [...]

If your company has been liquidated, or you’re considering liquidation, you might be wondering: can I start a new company after liquidation? Perhaps the failure was a result of circumstances beyond your control: a major customer [...]

Has your business been recently closed down, seemingly for good? If so, it’s not uncommon for directors to consider what to do next. When asking questions about the future, you might wonder ‘can you revive [...]

When your company goes insolvent, it’s possible that your director’s loan account may not be at the forefront of your mind. However, what may first appear to be a low-level issue, could soon spiral and [...]

Understanding the circumstances when a director could be liable for a limited company’s debts is vital. Without knowledge of this, you as director can never be certain of your own financial security should the [...]

The day-to-day running of a business as director is a highly involved and often stressful job, even when things are going well. When your business is struggling financially and the threat of liquidation is looming [...]

When operating a business it is important that you are able to look critically inwards. It is vital for owners and directors to be able to spot the early warning signs of insolvency, so you [...]