Articles

Exploring the duties of directors when facing insolvency and how to protect themselves legally.

A guide to recognising financial distress early and taking proactive steps.

Pre-pack liquidation sells a company’s assets before winding it up, while pre-pack administration aims to rescue the business through a pre-arranged sale, allowing it to continue trading.

Closing a limited company is a decision often driven by various circumstances, such as financial challenges, changes in business direction, or retirement. Regardless of the reasons behind the closure, understanding the most cost-effective way to wind up your limited company is essential. In this article, we will explore several strategies and avenues to help you close your company while minimising the cost.

A First Gazette Notice for compulsory strike off is a public notice from Companies House that the company will be dissolved unless overdue filings are made or valid objections are raised within two months.

This guide offers key tips for choosing the right Insolvency Practitioner, covering qualifications, tailored advice, accessibility, transparency, and trustworthiness to ensure the best support for your business’s financial recovery

A declaration of insolvency is a formal acknowledgement that a business or individual cannot meet debt obligations, leading to formal insolvency proceedings aimed at resolving financial difficulties.

Learn how to sell company assets during financial distress, ensuring fair value, legal compliance, and proper documentation while maintaining business continuity. Contact Parker Walsh for free, expert advice.

Explore how administration can protect your business, offering rapid relief and strategic options compared to liquidation. Learn more about its benefits and when it’s the right choice.