Insolvency Act 1986: What It Means for Liquidation, Administration, and CVAs
When people search for the Insolvency Act 1986, it is usually because something feels urgent. Cash is tight, creditors are chasing, and you need straight answers. Not legal theory. Not worst-case headlines. The Insolvency Act 1986 is the framework that decides what happens next. It sets out the main procedures that can protect your business, […]
Budget Payment Plan vs Time to Pay: Choosing the Right Option for Your Situation
If you’re staring at an HMRC bill and wondering how you’re meant to pay it, you are not alone. Even when your business is trading, cash flow can be unpredictable. A slow-paying customer, an unexpected cost, or a weak quarter can quickly turn a manageable bill into a source of real stress. Two HMRC options […]
CIS and PAYE Pitfalls: Common Mistakes and How to Avoid Them
CIS and PAYE are both “busy” systems. They sit in the middle of paying people, running sites, and keeping projects moving. When you are stretched, it is easy for small admin slips to turn into penalties, lost status, or a growing HMRC balance. Most problems start the same way. A deadline is missed. A return […]
HMRC Debt Collection Agencies: Roles, Powers and Limitations
Getting a letter, text or call from a debt collection agency can feel frightening, especially when it mentions HMRC. It is easy to assume the worst, or worry that someone will turn up at your door. If you are already under pressure, that kind of contact can make everything feel urgent and out of control. […]
HMRC as a Secondary Preferential Creditor: Implications for Liquidation Outcomes
When a company is under financial pressure, one of the biggest worries is what happens next. You might be asking who gets paid first, what happens to the people you owe, and whether there is still a way to steady things. HMRC’s position as a secondary preferential creditor can affect the outcome if things become […]
VAT Bad Debt Relief: Rules and How to Claim
If you have unpaid invoices, you are not the only one. Late payment is common, and it can quickly snowball into cash flow pressure, difficult choices, and worry about your next VAT bill. It can feel especially unfair when you realise you have already paid VAT to HMRC on money you still have not received. […]
First Gazette Notice for Compulsory Strike-Off: What It Means for Your Company
Opening a letter or checking the Companies House register and seeing a first Gazette notice for compulsory strike-off can be a shock. It can feel as though your company is about to be shut down without warning. It is serious, but it is also a signal that you still have time to act. The notice […]
Section 127: Explaining Void Dispositions and What to Do Next
If you’ve received a winding-up petition, it can feel like the ground has shifted overnight. You might be trying to keep trading, protect jobs, and deal with urgent creditor pressure, all at the same time. But there is one rule you need to understand early on: section 127. It can make certain company payments or […]
Retention of Title and Supplier Claims in Liquidation: A Director’s Guide
When cash is tight and pressure from suppliers is growing, the legal detail in your contracts can suddenly feel very real. One of the clauses that often crops up at this point is “retention of title”. If suppliers start saying they still own your stock, it is natural to worry what that means for your […]
Business Restructuring: Practical Options When Your Company Is Under Financial Pressure
Cash flow is tight. Suppliers are chasing payment. HMRC deadlines keep slipping. The figures do not quite add up, even though you are working harder than ever. It is natural to feel anxious, defensive or even ashamed when this happens. It is also more common than you might think. Restructuring is about taking control again. […]