An overdrawn director’s loan account can create personal liability during liquidation. This guide explains how it’s treated, tax implications under section 455, set-off options, and steps to minimise risk before a CVL.

A Company Voluntary Arrangement (CVA) and a Time to Pay (TTP) arrangement with HMRC are both mechanisms to help a business manage debt, but they differ significantly in scope, formality, and impact.

A Manchester company has been shut down for acting as a front for unlicensed insolvency work, underscoring the need for businesses to use licensed professionals like Parker Walsh’s Molly Monks.

Strike off is a low-cost route to close a UK company when fully solvent. Confirm eligibility, manage risks, notify stakeholders, settle liabilities, handle assets carefully, file DS01, and monitor Gazette notices.

Licensed insolvency practitioner Molly Monks supports directors with clear, professional guidance, dispelling myths, ensuring legal compliance, and delivering practical solutions to restructure, stabilise, or manage company closure with integrity.

Early warning signs of financial distress require swift action. Parker Walsh offers expert, affordable insolvency advice, free initial consultations, and tailored strategies to help stabilise or close struggling businesses responsibly.

Company directors must follow statutory and non-statutory duties, including record-keeping, transparency, and acting in good faith. These obligations protect shareholders, creditors, and the company, ensuring responsible management and accountability under UK law.

Company directors risk disqualification for unfit conduct, such as failing legal duties or mismanaging finances. Understanding obligations, seeking legal advice, and acting responsibly help protect both personal standing and company interests.