Company directors are responsible for running limited companies in the United Kingdom on behalf of shareholders. If the business is facing financial trouble, then directors will want to know how much responsibility they have for the limited company’s debts. Limited companies are set up to limit the personal liability that directors have in terms of
If your company is struggling financially and facing the threat of insolvency, there are countless different options and outcomes that you, as a director, could consider, including a Company Voluntary Arrangement (CVA) or a Members’ Voluntary Arrangement (MVA). Insolvency is a serious process and, as the director of a company, your actions will be judged