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 [...]
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 [...]
Costs of Going Into Liquidation: A Complete Breakdown for UK Business Owners Overview of Liquidation Liquidation marks the formal end of a company's existence, involving the sale of assets and settlement of debts with creditors. There are several types of liquidation which have different costs, timescales and risks attached to them. We advise to speak [...]
✅ 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 [...]
CCJ County Court: Navigating Small Claims Procedures in the UK Understanding CCJs County Court Judgments (CCJs) are legal orders issued when individuals or businesses fail to repay debts. These judgments can have significant financial and legal consequences, affecting one's credit score and ability to obtain future credit. Definition of a County Court Judgment A County [...]
Insolvency Liquidation Costs: A Comprehensive Guide to Professional Fees and Expenses Overview of Insolvency Liquidation Insolvency liquidation serves as a formal legal process to dissolve a company and distribute its assets to creditors. The procedure follows strict priority rules and requires qualified insolvency practitioners to manage the process. Essential Principles of Insolvency Liquidation When your [...]
Liquidation Administration Fees: Essential Guide for UK Insolvency Proceedings Understanding Liquidation Liquidation serves as a formal legal process to close down an insolvent company and convert its assets into cash for distribution to creditors. The process follows strict regulations and requires professional oversight. Definition and Purpose Liquidation marks the end of a company's life by [...]
Bounce Back Loan Liquidation: Options, Risks & Your Next Steps For many UK business owners, the financial impact of the COVID-19 pandemic has led to difficult decisions regarding Bounce Back Loans (BBLs). If your business is struggling to repay its BBL and considering closure, understanding your liquidation options and the risks involved is crucial. Here, [...]
Directors Fees for Liquidation: Essential Guidelines for Insolvent Companies Overview of Directors' Fees in Liquidation Just for clarity! Directors do not typically receive fees during company liquidation... Your role as a director effectively ends when the liquidation process begins, and the liquidator takes control of the company's affairs. During liquidation, you are not usually personally [...]
The Ultimate Guide to HMRC Debt Management and Business Debt Introduction: When HMRC Comes Knocking "It's just a temporary cash flow issue." These words echo through thousands of British boardrooms each year, as business owners stare at mounting HMRC tax liabilities. What starts as a delayed VAT payment can quickly escalate into a high-stakes confrontation [...]