Joint and Several Liability Notices: Directors of insolvent companies face greater personal exposure to tax liabilities
December 10th 2021
While company directors are generally protected by limited liability, recovery powers granted to HMRC in the Finance Act 2020 mean directors can face greater personal liability for tax debts held by the company in the event of insolvency.
Dissolution loophole set to be closed
May 18th 2021
New legislation, which aims to prevent company directors avoiding investigation into their conduct by informally striking off their company instead of entering an insolvency process, has had its first reading in Parliament and looks set to become law
Hundreds of jobs saved as Yorkshire-based Fazenda restaurant chain bought out of administration
March 2nd 2021
Julian Pitts and Bob Maxwell of Begbies Traynor in Leeds were appointed joint administrators of City District Limited, which trades as the Fazenda Rodizio Bar & Grill alongside sister brand Picanh…
Design and build contractor placed into administration
December 22nd 2020
Health and housing property business, Ashley House plc, has been placed into administration following an unsuccessful Company Voluntary Arrangement (CVA).
Award‐winning restaurant falls victim to Covid lockdown
October 14th 2020
Award‐winning North Yorkshire restaurant and inn, the General Tarleton at Ferrensby near Boroughbridge, has been placed into creditors voluntary liquidation after a period of closure forced by the Covid-19 pandemic.
IR35 reforms delayed until April 2021 but MVLs still on the agenda
June 29th 2020
Life has changed dramatically in recent months, but for solvent companies considering a Members’ Voluntary Liquidation (MVL) the situation remains unchanged – for now.
Partner promotion as Begbies Traynor Group expands in Yorkshire
June 2nd 2020
Leading professional services firm Begbies Traynor Group has promoted Lee Lockwood to partner in its BTG Advisory division. Based in the firm’s Leeds office, he works across the Yorkshire region.
Twelve jobs saved with sale of Scunthorpe powered access provider
May 27th 2020
On 15th April 2020, Julian Pitts and Andrew Mackenzie of Begbies Traynor were appointed as joint administrators of Lincs Lifts Ltd in Scunthorpe. Vertikal UK Limited has now acquired the business and assets, saving all 12 jobs at the firm.
COVID-19: Forfeiture moratorium for commercial leases
March 25th 2020
Following calls to help those in rented accommodation to weather the financial impact of the coronavirus outbreak, the government recently announced new legislation to protect tenants from facing eviction from their property for the next three months.