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The latest insights and trending topics from Begbies Traynor Group
HMRC Unpaid Debt and 7-Day Winding Up Threat
A company director would receive this letter from HMRC following a prolonged period of failure to meet liabilities. By sending this seven-day warning of a winding up petition, HMRC is essentially threatening to begin the liquidation process of your business in a week’s time unless the company can pay its debts.
HMRC Distraint Notice and Inventory Checklist
HMRC Distraint Notice and Inventory Checklist. Find out what this means and how Begbies Traynor can provide key advice.
Can I trade under a different name than that registered at Companies House?
It is possible to officially register a company name at Companies House, but then use one or more ‘trading names’ as required by yourself or your organisation. Some companies trade under different names, with the name registered at Companies House belonging to the original company.
What can you expect in a HMRC tax inspection?
Limited companies have come under increased scrutiny by HMRC in recent years, as the government strives to recover lost tax revenue...
How much does it cost to liquidate an insolvent limited company?
Winding up a company that is unable to pay its debts involves the appointment of a licensed insolvency practitioner (IP).
Understanding High Court Writs and How to Protect Your Business
High court writs are used by creditors to enforce unpaid court judgments (CCJs). Is your business facing action by high court enforcement officers (HCEOs)?
What are Unsecured Creditors’ rights when a company faces administration?
Company administration gives provision for unsecured creditors to have certain rights in a process many assume is going to result in little recompense.
How can I raise finance for my business?
With so much choice available, it’s important for business owners to understand their options and what the right source of finance is for their business...
What are the consequences of company insolvency?
Insolvency can not only be destructive to the business, but can also be detrimental to company directors who are struggling to keep their company afloat.
Directors’ responsibilities
There are certain rules and regulations surrounding company liquidation, many of which focus on your actions as a director particularly if your company becomes insolvent.
Company Winding Up Order Letter – High Court
It is ordered that (Company) be wound up by this Court under the provisions of the Insolvency Act 1986. The administrator/s are released from office with immediate effect.
Difference Between Fraudulent and Wrongful Trading?
What is the Difference Between Fraudulent and Wrongful Trading? Simple guide to understanding the differences to help you choose the right option
What happens when a company goes into administration?
Company administration is often seen as the end for a business, but it is in fact, a procedure that allows for its restructure or sale as a going concern.
Individual voluntary arrangement (IVA) vs other personal debt programmes
IVAs allow you to make a single monthly payment towards your debt for a period of 5 or 6 years, after which time any remaining debt will be written off. But is this the best option for you? We assess IVAs against other debt programmes such as DMPs, bankruptcy, DROs, Administration Orders or debt consolidation.
