Can Your Personal Bank Account Be Affected if Your Company Goes Into Liquidation?
When a company is running out of money, it is natural to worry about what happens next. One of the biggest concerns for directors is whether business failure could spill over into their own finances. In most cases, a limited company’s debts stay with the company, not with you personally. That protection is one of […]
Company Insolvency Statistics 2026: What the Numbers Mean for SME Directors
When the latest company insolvency statistics are published, it is easy to focus only on the headline number. In April 2026, there were 2,085 registered company insolvencies in England and Wales. That figure matters, but it does not tell the whole story. The more useful question is this: what do these numbers mean if your […]
How to Tell Staff the Company Is Closing and What Happens Next
Telling staff that the company is closing is one of the hardest conversations a director can face. You may have worked with these people for years. You may know their families, their routines, and how much they rely on the business for stability. That’s what makes this so difficult. You need to be honest, but […]
What to Do if a Main Contractor Goes Bust and Your Business Is Exposed
When a main contractor fails, the impact can spread quickly. One day you are chasing an application, lining up labour, and trying to keep sites moving. The next, payments stop, rumours start, and everyone wants answers from you. That does not automatically mean your business is finished. It does mean you need a clear view […]
What Records Should a Director Gather Before Speaking to an Insolvency Practitioner?
If your company is under pressure, it is easy to delay that first conversation. Many directors feel they should get everything organised before picking up the phone, but waiting can make things harder. Gathering the right records for insolvency practitioner advice doesn’t need to be complicated. A handful of key documents can help us understand […]
Can You Go to Jail for Not Paying Taxes in the UK? Guide for Company Directors
Falling behind on tax can feel frightening. You may be juggling cashflow, suppliers, wages, and the worry that HMRC will “make an example” of you. The good news is this. In the UK, not paying tax is usually treated as a civil debt problem, not a criminal one. Prison is not the usual outcome. The […]
Early Signs of Insolvency: What to Look for While Your Company Is Still Trading
A company does not have to shut its doors before trouble starts to show. In many cases, the early signs of insolvency appear while the business is still open, still invoicing and still trying to keep up with day-to-day costs. That is what makes this stage so difficult. Trading can make things feel under control […]
Can a Director Be Disqualified After Insolvency?
If your company is insolvent, it is easy to assume the worst. Many directors worry that the business failing will automatically lead to blame, personal consequences, or a ban from acting as a director again. It can be an unsettling position, especially if you are already dealing with pressure from creditors, HMRC, staff, or suppliers. […]
Director’s Loan Accounts in Liquidation: Tackling Common Misconceptions
When your business is under pressure, it is easy for boundaries to blur. You might take drawings to cover personal bills, pay for business costs on your own card, or move money around to keep things going. Then liquidation becomes a real possibility, and you are faced with a director’s loan account balance that you […]
IVA Register Explained: What Appears, Who Can See It, and How Long It Stays There
If you are considering an IVA, or you are already in one, the IVA Register can feel exposing. You may worry about who can see it, what it says about you, and how long it will follow you around. You deserve clear answers. In this guide, we explain what appears on the IVA Register, who […]