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. […]
Receivership Explained: Process, Timeline and Outcomes
When a lender starts talking about enforcing its security, it can feel as if events are running away from you. Terms like “receivership” appear in letters and legal documents, but no one has taken the time to explain what they actually mean for you, your business and the people who rely on it. Receivership does […]
Business Overdraft in Liquidation: What Happens in a CVL?
When an overdraft was once a safety net and is now the only way you can cover wages, rent or suppliers, it stops feeling like a tool and starts feeling like a trap. Add in messages from the bank, pressure from HMRC and calls from worried creditors, and it can be hard to see a […]
Active Proposal to Strike Off: Can You Stop It and Save the Company?
You log in to Companies House and notice a new status next to your company name: “active proposal to strike off”. It is short, blunt and worrying. You may be wondering if this means you are about to lose the company, whether you will be left with unpaid debts, and what it says to your […]