Business Debt

An overdrawn director’s loan account occurs when directors owe money to the company. Learn what it means, how it’s recovered, and what to do if you can’t pay.

UK businesses face mounting pressures from rising National Insurance, wage increases, and inflation. With operational costs soaring, many are struggling to survive. Early action and financial planning are crucial for stability.

From April 2025, employer NICs will rise to 15%, increasing financial pressure on businesses. Parker Walsh offers solutions like restructuring, CVAs, and administration to help companies adapt without closing. Act now for support.

Independent second-hand stores are struggling due to online resale platforms, fast fashion, and rising costs. Parker Walsh offers expert insolvency support, helping business owners explore restructuring, debt management, or liquidation options.

Administration vs liquidation solutions and their pros and cons - which is best for your business?

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

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.

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.