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What is a trading administration procedure?
April 23rd 2019

Company administration is a formal insolvency procedure that allows viable companies to restructure and regain their footing in the market. It is only suitable in certain circumstances, notably where …

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What are disbursements in a Members’ Voluntary Liquidation (MVL)?
April 22nd 2019

Members’ Voluntary Liquidation must be carried out by a licensed insolvency practitioner (IP), which naturally attracts professional fees and costs. Disbursements are part of the cost of an MVL, but…

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What action can HMRC take against companies for late tax payments?
April 21st 2019

HMRC have a number of options available to them when it comes to recovering late tax payments from UK companies. Financial penalties are applied along with interest on the outstanding amounts, but thi…

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Eighty jobs saved with £1m sale of engineering business
South Yorkshire company Newburgh Precision rescued through administration
Sale enables 75-year-old business to continue trading
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