Insolvency articles

Trading Whilst Insolvent

Posted on August 04, 2015 by Patrick Wadsted

Cases involving the disqualification of directors for trading whilst insolvent are something like a bus. One never comes for ages and then two come at the same time.

What can I do if my business is behind with VAT and PAYE payments

Posted on May 12, 2015 by Patrick Wadsted, Licensed Insolvency Practitioner

Benjamin Franklin has been quoted as saying “In this world nothing can be said to be certain, except death and taxes”. Nothing can be more true if your company does not pay the tax that it owes to HMRC. It will eventually die. However the death of the company is often avoidable if proper professional advice is taken early enough.

The Administration and CVA of AFC Bournemouth

Posted on May 12, 2015 by Frost Group Limited

Darlington away, 3 January 2009. Not my first away game as an AFC Bournemouth fan (far from it!), but it seems like the most appropriate place to start this modern day football fairy tale, which is as much about Eddie Howe as it is about the Club itself.

In a failing business - what if you change a dividend to a salary ?

Posted on May 05, 2015 by Steve Bicknell, Business Advisor

Steve Bicknell, Business Advisor examines what could happen when faced with a failing company and an unethical accountant - he looks at the case of Richard and Julie Jones v HMRC [2014] UKFTT 1082 (5 December 2014).

Business Failure Rates - ​Will the UK’s economic recovery lead to an increase in failure rates?

Posted on May 05, 2015 by Anthony Ford, Corporate Insolvency Consultant

As the UK’s economy picks up pace, in comparison to our European counterparts, it is evident that the country will face a new set of challenges which it didn’t following previous recessions; that being a shortage of access to cash/funding and the rise in the level of the number of “Zombie” firms operating within the UK.