How to Stop a Winding-Up Petition When you receive a winding-up petition, it’s essential that you act fast. If left unchecked, the petition will quickly progress into the compulsory liquidation of your business. So how can you stop a winding-up

Bounce Back Loan Fraud | Director’s Guide Normally, when you close down a business with a Bounce Back Loan, the government pays off any remaining debt. However, this doesn't apply to cases where there has been Bounce Back Loan fraud. Bounce

What Happens to Directors of a Dissolved Company? Many see a company strike-off as a cheap alternative to liquidation without being fully informed about what happens to the directors of a dissolved company. Company dissolution is only appropriate in select

How Long Does it Take to Liquidate a Company? Closing your company is a delicate act which requires a lot of forward planning, so knowing how long it takes to liquidate a company is very important. The amount of time

Moore Owner-Managed Business December 2023 Survey Results Twice a year, the Moore UK network conducts a survey of 500 business owners with an annual turnover between £1 million and £30 million to gauge the general mood amongst owner-managed businesses (OMBs).

Compulsory Strike-Off Action Has Been Discontinued - What Can I Do? If you’re looking to close your company, learning that your compulsory strike-off action has been discontinued can be very alarming. If you have taken no action to halt the

What Happens if I Ignore a CCJ? When you fail to repay a debt, creditors may take out a County Court Judgment (CCJ) against you to initiate the debt recovery process. So what happens if you ignore a CCJ?While it

How Do I Deal with a Deceased Insolvent Estate? When somebody dies, their unresolved debts are paid for with their estate. Sometimes, however, a person’s debts are greater than the value of their estate - this is known as a

Can Directors Get Redundancy Pay in an Insolvent Liquidation? Many directors understand that employees can expect a redundancy payout from the government in the event of an insolvent liquidation. Most, however, are unaware that director redundancy pay is also available

Closing a Limited Company with a Bounce Back Loan While it is possible to close a company a company with Bounce Back Loan debt, it must be done in the correct way. Some directors - in an effort to dodge