Bonds are essentially IOUs issued by companies or governments to raise capital: investors buy bonds from the issuer company, becoming creditors who then receive periodic interest payments. The principal amount is returned when the bond matures.
Agents, and, more specifically, Registered Agents are the topic of the first article in this series.
As a company director, you may have to provide a personal guarantee to secure business borrowing or underpin a commercial tenancy agreement.
Removing a County Court Judgment (CCJ), also known as having a CCJ set aside, can be done under specific circumstances but taking early action is key.
Restructuring plans are the latest addition to the corporate insolvency sphere, allowing a company to enter into a "compromise or arrangement" with creditors.
A rescued company may be described as a 'going concern' because it is expected to trade profitably and without distress for at least 12 months.
If my company is liquidated, am I personally liable for product guarantees and warranties? We offer advice on your liabilities during a liquidation process.
Where HMRC feels there is a risk of non-payment of tax from a company, they may request a security bond is paid before trading can start or continue. This is done by issuing a Notice of Requirement in respect of VAT, PAYE, or National Insurance.
Employers have a duty to ensure the health and safety of their employees and members of the general public when they are on business premises.
Overdrawn directors’ loan accounts can come to be a real cause for concern; particularly in the context of a company entering insolvency.
Find out more about the establishment and running of a liquidation committee during the liquidation process.
The winding up process will be determined by the financial state of the business - is it solvent or insolvent? Liquidation can be voluntary or compulsory.
A validation order authorises and ‘validates’ transactions going through the bank account of a business which is subject to a winding up petition (WUP)
A standalone moratorium is separate to any formal insolvency procedure giving a company breathing space from creditor action while a recovery plan is devised.