Received a Winding-Up Petition? What Next?
The first thing you that should do after receiving a winding-up petition is to contact a professional insolvency practitioner immediately.…
Are there different types of bankruptcy in the UK?
Declaring bankruptcy isn’t a decision to be taken lightly, but it can be made infinitely more difficult if you’re unsure how many…
Liquidation Process: A step-by-step guide
The liquidation process sees a company wound up, closed down, and struck from the register at Companies House. Whether your business is…
Members’ Voluntary Liquidation (MVL): A Tax-Efficient Exit for Solvent Business
Liquidation is often perceived as a decision of last resort for companies that can no longer meet their financial commitments.…
Early warning signs your business may need liquidation advice
Detecting warning signs of business insolvency as soon as possible may help turn a company around before it’s too late.…
Members’ Voluntary Liquidation (MVL) Versus Strike Off
Closing a company that you’ve worked so hard to establish and make profitable is not always an easy decision. Knowing…
How to respond to a winding-up petition: A step-by-step guide
If you’ve received a petition for winding up of company, it’s usually a signal one of your creditors is taking…
Managing employees and stakeholders during liquidation
According to statistics from the Insolvency Service, liquidation rates in the UK in recent months have been on par with…
Are Company Insolvencies on the Rise in the UK?
In uncertain economic times, many businesses face financial distress. Understanding the current trends and causes of company insolvency can help…