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If you can't afford an insolvency practitioner, try voluntary strike-off, negotiating with creditors, or debt charities. However, an Insolvency Practitioner is ultimately valuable.

Preferential creditors, such as employees and HMRC, are paid before non-preferential creditors in insolvency, meaning they have a higher chance of recovering their debts.

Liquidation can take 6 to 24 months, depending on the type of liquidation and complexity of the company’s assets. What are the different types of liquidation?

Although, it is a good idea to be prepared for your initial meeting with an Insolvency Practitioner; please don’t worry – my advice is free so there is no need to clock watch and if we don’t cover all your questions in the first meeting, you call or text me or set up another meeting.

Business Asset Disposal Relief (BADR) remains available for Members' Voluntary Liquidations. Act now to secure the current 10% tax rate before potential budget changes.

When companies are struggling to pay their debts and cashflow is tight, they often have a range of concerns and questions. I have helped hundreds of directors; these are the most common questions I get asked.

‍On 20th October 2024, Molly will be participating in the Yorkshire Marathon in memory of her late father, Tim Noad, who tragically passed away in a road traffic collision five years ago. This year would have marked his 70th birthday, making this endeavour even more poignant.

Liquidating a company is a complex process involving the winding up of its affairs, selling off assets, and settling debts. Directors and stakeholders need to understand the steps and considerations involved to navigate this challenging process effectively.

When contemplating the closure of a company, many directors wonder about the feasibility of striking off a company with an outstanding Bounce Back Loan (BBL). Understanding the legal and financial implications is essential for making an informed decision.