One of the many responsibilities of a limited company director is to ensure their company is run in accordance with the Insolvency Act 1986 at all times.

On 16 September 2022 Julian Pitts and Bob Maxwell of Begbies Traynor were appointed as joint administrators of Monk Fryston Hall Hotel Ltd.

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.

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

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…

Health and housing property business, Ashley House plc, has been placed into administration following an unsuccessful Company Voluntary Arrangement (CVA).

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.

Life has changed dramatically in recent months, but for solvent companies considering a Members’ Voluntary Liquidation (MVL) the situation remains unchanged – for now.

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.