Insolvency

Company Administration: What You Need to Know

Company Administration: What You Need to Know

When a client starts to miss payment deadlines and debts mount up, it is natural to start to wonder -…
Lancaster Castle restoration “on hold” as contractor goes in to administration

Lancaster Castle restoration “on hold” as contractor goes in to administration

Work has stopped on the restoration of Lancaster Castle after the company working on it was placed into administration. York…
London based start-up Crowdmix Ltd Shuts Down

London based start-up Crowdmix Ltd Shuts Down

London based start-up Crowdmix Ltd was in the process of developing a social media music platform. But before it could…
‘Shock’ as one of Lancashire’s oldest agricultural firms enters administration

‘Shock’ as one of Lancashire’s oldest agricultural firms enters administration

News that one of the oldest agricultural firms in Lancashire has entered administration has been met with shock and dismay.…
Will Suppliers Be Banned From Cutting Off Insolvent Customers

Will Suppliers Be Banned From Cutting Off Insolvent Customers

It doesn't seem like rocket science to suggest that if a customer goes bust, you might want to stop supplying…
Small Business Act 2015 Steers Insolvency in Creditors’ Favour

Small Business Act 2015 Steers Insolvency in Creditors’ Favour

The granting of royal assent to the Small Business, Enterprise and Employment Act 2015 should be good news for creditors,…
Chasing Debts from Disqualified Directors

Chasing Debts from Disqualified Directors

One of the biggest obstacles to recovering an outstanding debt has always been if a company ceases trading - this…
Laughable 6 Year Disqualification for Crashing Rail Company

Laughable 6 Year Disqualification for Crashing Rail Company

Mr Lawrence McGovern, director of Railtrades Ltd (“Railtrades”) has received a 6 year disqualification order for disposing of the company’s…
Unpaid Invoices to blame for a fifth of SME failures

Unpaid Invoices to blame for a fifth of SME failures

We often warn that late payment can be more than just an inconvenience for many small firms, as the interruption…
The limited company system is broken

The limited company system is broken

It's good to know that, when a dodgy dealer makes off with client money and there's no record of where…

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