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 [...]
What Is Compulsory Strike-Off? As a business owner, you’re probably familiar with the ways in which you can close down your own company voluntarily. However, you may not realise that Companies House is also able to initiate the shutdown process. This is known as compulsory strike-off, and it’s a serious situation that directors need to [...]
How to File DS01 Online: A Complete Guide for Company Directors If you're a UK company director considering closing your limited company, filing a DS01 form online is often the most straightforward and cost-effective method. In this guide, we’ll explain who is eligible to use a DS01 form and walk you through the submission process. [...]
Business Debt Liquidation Cost: Understanding the Financial Impact on UK Companies Overview of Business Debt Liquidation Business liquidation represents a formal process to wind up a company's affairs by converting assets to cash and settling outstanding debts. The process involves specific legal requirements and carries significant financial implications for all stakeholders. Definition and Principles Liquidation, [...]
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 [...]
Closing a limited company with VAT debt: Your step-by-step guide If your limited company has accrued VAT debt and faces insolvency, you must act swiftly and responsibly. Ignoring VAT arrears can lead to severe penalties, enforcement actions by HMRC, and potential personal liability. This comprehensive guide outlines the precise steps and legal obligations directors must [...]
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 [...]
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 [...]
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 [...]
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 [...]