What Is a First Gazette Notice for Compulsory Strike-Off? A first Gazette notice for compulsory strike-off advertises the imminent compulsory closure of a business to any potentially interested parties. This can include creditors, shareholders, and employees. The Gazette is the

What Is Voluntary Company Strike-Off? Voluntary company strike-off allows company directors to shut down their company themselves, ceasing its existence as a legal entity without the need for outside assistance. Depending on the situation the business finds itself in, a

What Is a Time to Pay (TTP) Arrangement? If you’re an individual or business owner struggling to repay your outstanding HMRC debts, a Time to Pay (TTP) arrangement could be the answer for you. TTP arrangements allow companies and individuals

What Is a Charging Order? If you’re subject to a County Court Judgement (CCJ), your creditor can apply to have a charging order made against you. A charging order is a type of court order which secures the debt you

What Is an Attachment of Earnings Order? If you don’t pay the amount outlined in a County Court Judgement (CCJ), your creditor can apply to have an attachment of earnings order (AEO) taken out against you. An AEO is a

What Is a Warrant of Control? You might be subject to a warrant of control if you fail to pay a debt outlined in a County Court Judgement (CCJ). A warrant of control is a court order which allows county

What Is a Personal Guarantee? For new or smaller businesses needing to secure outside financing, a personal guarantee is often the answer. A personal guarantee is a type of security which promises lenders that the director will personally repay them

Can I Rescue My Company from Insolvency? If you’re a struggling business owner, one question is sure to be at the forefront of your mind - can I rescue my company from insolvency?There are a range of recovery options available

What Are the Warning Signs of an Insolvent Company? Knowing when a company has entered into insolvency is important as it fundamentally alters your duties as a director. Instead of promoting the interests of company shareholders, you must protect the

What Is a Shadow Director? According to the Companies Act 2006, a shadow director is an individual who manages a company without being an officially appointed member of the board. Even if the company doesn’t officially recognise shadow directors, they’re still