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.…
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…
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…
The Pros and Cons of Filing for Bankruptcy in the UK
If you’re facing mounting debts, are struggling to pay bills, or are fed up with creditors hounding you for cash,…
What’s the difference between insolvency and liquidation?
Whether you’re a director, creditor, or employee of a company facing serious financial issues, you’ve likely heard terms such as…
Why Would a Company Go into Liquidation?
Companies can cease trading for a variety of different reasons. When they do, they must undergo a winding-up process, which…
Who gets paid first when a company goes into liquidation?
During the liquidation process, a company’s assets are sold to repay creditors, with the goal of winding up the company.…