Being served a statutory demand can be a stressful situation to be put in — however, the process of challenging a statutory demand can be just as testing and complicated, especially without the required knowledge. [...]
A director of a company entering into administration will be faced with a number of serious issues that will need resolving in the weeks and months to come. Dealing with the contracts of employees, and [...]
Company voluntary arrangement procedures are a common method for struggling businesses to attempt to regain control of their finances, repay their creditors, and reposition themselves for continued success. It should be noted that with a [...]
Company Voluntary Arrangements (CVAs) and Administration are both business recovery tools that can help a firm in financial difficulty turn around its fortunes. Their goal is to give company directors much-needed breathing space and offer [...]
Partnership Voluntary Arrangements (PVAs) can act as extremely useful methods of business recovery. They are similar to a Company Voluntary Arrangement (CVA), in that they seek to arrange a deal between a firm that is [...]
The consequences of a winding up petition can be incredibly serious if no action is taken, meaning it is essential for you to know exactly how to act should one land on your doorstep. Failing [...]
The COVID-19 pandemic and associated lockdowns hit everybody hard, with businesses from all areas of industry really feeling the pinch. The fact that companies had to close their doors meant even previously successful and profitable [...]
Creating the perfect business restructuring plan is the most important thing you can do when looking to restructure your company. A shoddy plan will inevitably lead to a shoddy restructure, and ultimately can lead to [...]
The past two years haven’t been without their pitfalls. In the wake of the COVID-19 pandemic everybody has been affected in one way or another. One of the areas most affected by the pandemic [...]
Being a director of a company is a lofty aim for any would-be business person. But are you aware of the specific rights and responsibilities of company directors? Punishment for failing to adhere to [...]