Frozen Bank Account After a Winding Up Petition: What to Do Next
Finding your company bank account frozen in the wake of a winding-up petition can feel overwhelming. Payments bounce without warning, staff begin to worry, and suppliers start calling. It is a sudden shock to day-to-day trading, but it is also a situation with clear, lawful routes forward. We will explain what is happening behind the […]
Direct Recovery of Debts (DRD): Understanding HMRC’s Power to Take Funds from Your Bank
Direct Recovery of Debts (DRD) allows HM Revenue & Customs (HMRC) to take money directly from bank or building society accounts to settle unpaid tax and tax credit debts. It’s a statutory process with safeguards and doesn’t require a court order. Getting a letter that mentions Direct Recovery of Debts can be frightening. It feels […]
11 Things To Check Before You File a DS01 Form
Filing a DS01 form is one of the most important steps in strike-off. It’s the legal trigger for Companies House to remove your company from its register. It can seem straightforward, but you could face serious issues if you don’t carry out the right DS01 checks in time. Small errors, trading too recently, or unpaid returns […]
Strike Off a Company Online: Steps to Take and Mistakes to Avoid
You may be ready to move on from your company and want a simple, tidy way to close it. Striking off online can work well, but it needs care. Timing and eligibility matter, and small errors can cause objections or delays. If debts are involved, the process can stall or be reversed later. A little […]
Business Overdraft Withdrawn: Immediate Steps for Directors
If your bank has had your business overdraft withdrawn, it can feel sudden and final. Payments bounce. Cash dries up. Pressure rises. What can your business do now? The good news is that you still have options. The key is to act quickly, stay calm, and follow a clear plan. We’ll explain why banks take […]
CRAR Notice from Your Landlord? How Directors Can Respond
A landlord’s letter warning of a CRAR notice can feel like the ground has shifted under your feet. The good news is that CRAR runs on strict rules. There are defined notice periods before anyone can attend, only certificated enforcement agents can act, and there are clear limits on what can be recovered. Handled calmly […]
Close a Company with Business Rates Debt: Director’s Guide
If business rates arrears are piling up and pressure is mounting, you’re not alone. It is still possible to close a company with business rates debt, and there are clear, regulated steps that protect you while bringing the business to an orderly end. At Anderson Brookes, we are licensed insolvency practitioners who guide you through […]
DS01 Objection From HMRC: What Happens Next
You filed form DS01 to close your company. Then a notice arrived. HMRC has objected. A DS01 objection pauses the strike off and raises questions about tax returns, outstanding liabilities, and what to do next. It is common, especially where Corporation Tax, VAT or PAYE is overdue. You are not alone and you still have […]
How Debentures Affect Your Options When Your Company Is in Debt
A debenture can change everything for a company in debt. When a lender holds a debenture, they have a secured interest over your assets. That gives them more power than other creditors and can directly affect what happens if your business falls into financial difficulty. Understanding debentures is vital if you want to keep control […]
Corporation Tax Arrears: Interest, Penalties, Time to Pay and Enforcement Explained for SMEs
Falling behind on corporation tax can feel overwhelming. Letters arrive, interest starts to build, and it’s not always clear what HMRC will do next or how to get breathing space. You’re not alone, and there are structured routes to a practical solution. In this guide we explain exactly how corporation tax arrears work, the interest […]