Articles Hub
The latest insights and trending topics from Begbies Traynor Group
A-Z of Offshore Insolvency, B is for Bonds
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.
A-Z of Offshore Insolvency, A is for Agents
Agents, and, more specifically, Registered Agents are the topic of the first article in this series.
What is an unenforceable personal guarantee?
As a company director, you may have to provide a personal guarantee to secure business borrowing or underpin a commercial tenancy agreement.
Can a UK company remove a County Court Judgment?
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.
What is a Restructuring Plan for UK companies?
Restructuring plans are the latest addition to the corporate insolvency sphere, allowing a company to enter into a "compromise or arrangement" with creditors.
Can an accountant close my company?
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?
If my company is liquidated, am I personally liable for product guarantees and warranties? We offer advice on your liabilities during a liquidation process.
What is a HMRC security bond for VAT, PAYE or NI?
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.
HSE Fines – What happens when your company can’t afford to pay?
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.
Directors’ Loan Account
Overdrawn directors’ loan accounts can come to be a real cause for concern; particularly in the context of a company entering insolvency.
Understanding creditors’ rights to form a liquidation committee
Find out more about the establishment and running of a liquidation committee during the liquidation process.
Wind up a limited company with or without debts?
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.
What is a Validation Order in business?
A validation order authorises and ‘validates’ transactions going through the bank account of a business which is subject to a winding up petition (WUP)
Understanding the Standalone Moratorium for UK Companies
A standalone moratorium is separate to any formal insolvency procedure giving a company breathing space from creditor action while a recovery plan is devised.
