Bounce Back Loan Liquidation Checklist: A Practical Guide for Directors
? Bounce Back Loan Liquidation Checklist: A Practical Guide for Directors If your business is struggling with an outstanding Bounce Back Loan (BBL) and you’re considering closing down, it’s important to take the right steps to ensure everything is handled legally and with minimal stress. This checklist will guide you through the liquidation process, so […]
What Is an Insolvency Practitioner: Roles and Responsibilities Explained
What Is an Insolvency Practitioner: Key Roles Overview What is an Insolvency Practitioner? An Insolvency Practitioner (IP) is a licensed professional authorised to act on behalf of companies and individuals facing financial difficulties or insolvency. These specialists serve as the official mechanism for resolving debt problems, working to minimise the negative impact on all parties involved. IPs can assist directors of […]
Contractor Insolvency: Managing Risk and Responding Quickly in Construction
Contractor Insolvency: Managing Risk and Responding Quickly in Construction Written by Anderson Brookes | June 2025 Contractor insolvency is one of the most disruptive and expensive risks in construction today. Whether it’s a main contractor folding or a key subcontractor walking off site, the financial and operational impact can be enormous – delaying work, blocking […]
Company in Financial Difficulty? Your Complete Guide to UK Business Debt Solutions
Company in Financial Difficulty? Your Complete Guide to UK Business Debt Solutions When your company faces financial difficulties, the stress can feel overwhelming. You’re not alone – thousands of UK business owners find themselves in similar situations every year. The key difference between those who recover and those who don’t is understanding your options and […]
An Easy Guide to Business Insolvency and Liquidation in the UK
If you’re reading this, chances are you – or someone you know – is facing a tough situation. Maybe the business is struggling to pay suppliers. Maybe HMRC is knocking. Or maybe cash flow has dried up completely, and you’re unsure what happens next. Whatever the reason, you’re not alone, and you’re certainly not the […]
Phoenix Companies After CVL: What Directors Need to Know
Phoenix Companies After CVL: What Directors Need to Know Yes, you can start a new company after a Creditors’ Voluntary Liquidation (CVL), but only if you follow UK insolvency laws. The new company must be legally separate, assets must be purchased at market value, and directors must not reuse the old name without permission. Done […]
Closing a Limited Company with VAT Debt: Step-by-Step Guide
If you’re closing a limited company with VAT debt, the right approach depends on whether the company can still pay its debts as they fall due. If it can’t, closing the company properly matters, because HMRC will be a key creditor and directors have legal duties once insolvency is on the table. If your limited […]
What Happens to the Director of a Company in Liquidation?
Facing liquidation as a company director can be an overwhelming experience, and you may find that it takes a toll on both your personal and professional life. Understanding what happens during liquidation can help to make the process simpler and smoother. In this guide, we’ll explain the director’s role in company liquidation, outline key legal […]
How to File DS01 Online: A Complete Guide for Company Directors
Thinking about closing your company, but unsure about how the process works? For most UK company directors, one of the most important steps is filing a DS01 form online. This document acts as the formal trigger for striking off your company from the Companies House register. Completing your DS01 form online is typically a straightforward, cost-effective […]
Company Administration Doesn’t Mean the End – It Could Be Your Business’s Second Chance
Company Administration Doesn’t Mean the End – It Could Be Your Business’s Second Chance When debt pressures mount and creditor letters start piling up, it’s easy to feel like the walls are closing in. The idea of losing everything you’ve worked for can be overwhelming, but giving up isn’t the only option. Company administration is […]