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When a company is liquidated or Wound up, the liquidator is required to write a report on the actions of the Directors of the company. If they believe the Directors did not act in accordance with their duties then they will indicate that they believe the Directors were guilty of wrongful trading. If this accusation […]

The economic downturn of 2008 and 2009 has put severe restrictions on the amount of money banks are willing to lend to their business clients. This situation is having significant implications for the development of businesses in the UK. However, there are some perhaps less well known avenues for raising business finance which company directors […]

When a limited company is facing financial difficulty, two of the rescue options which are often considered are a company voluntary arrangement (CVA) and a pre-pack administration. One of the downsides of pre-pack administration is the upfront cost, whereas a company voluntary arrangement can be implemented with little or no investment cash. If your company […]

The theory behind company administration is that it allows a business time to review its operations strategically and implement significant changes to put it onto a sound financial footing. Legally Customers and suppliers must be told of the company’s position and this will start to cause them to consider other options making the object of […]

Given the current economic climate, it is unfortunately to be expected that an ever greater number of companies are going into administration. I have spoken to more and more people recently who are employed by businesses where administration is happening or imminent. These people are understandably worried and want to understand what administration is and […]