PROJECT OFFICE: Seeking Offers for the Business, Work in Progress and Assets
NewsWest Yorkshire Office Design and Manufacturing Company. The company designs and manufacture a large range of products for the modern workplace. Large Stocks of Timber, Fabric, Ironmongery and Extruded Aluminium CNC Machinery Orderbook of around £500,000 Inc VAT (no deposits held) Experienced workforce of 15 Leasehold Property The Company holds two trademarks. Financial reports and […]
Urgent technical release – litigation funders may have had the rug pulled from under them – at least for the moment.
NewsFollowing the recent Supreme Court decision of R (on the application of PACCAR Inc and others) (Appellants) v Competition Appeal Tribunal and others (Respondents) (supremecourt.uk) [2023] UKSC 28, litigation funding agreements whereby the funder is entitled to recover a percentage of any damages recovered by their client, constitute damages-based agreements and so are unlawful and unenforceable unless […]
Litigation funding – directors and their advisors – beware
NewsIn 2011, Manolete Partners Plc became the first litigation funder to enter the insolvency marketplace. They provide funding to enable insolvency practitioners to pursue claims in insolvency cases where there are no or limited estate funds to pursue such claims and creditors (due to their inevitable apathy) are unwilling to provide that funding. Since then, […]
March insolvency statistics – is this the start of an insolvency tsunami? 
NewsThe number of registered company insolvencies in March 2023 was 2,457, 16% higher than in the same month in the previous year (2,120 in March 2022). This was higher than levels seen while the Government support measures were in place in response to the coronavirus (COVID-19) pandemic and also higher than pre-pandemic numbers. There were […]
HMRC 1 – Director – 0
NewsMr Wagstaff was the sole director of a company. At the date of liquidation, HMRC were owed £273,000 in respect of National Insurance (“NI”). The company had only paid £11,000 of NI in the five years prior to the liquidation. HMRC issued a Personal Liability Notice (“PLN”) against Mr Wagstaff on the basis that the […]
Check if you can apply for redundancy payments as a company director
NewsThis guidance is for company directors who are claiming redundancy related payments from the Insolvency Service. Employees are legally entitled to certain payments when they are made redundant. These include: redundancy pay compensation for any unpaid notice period any money they are owed by their employer (for example unpaid wages, holiday) When an employer enters […]
For sale by private tender.
NewsLOU’S TYRES LIMITED Co. No. 03873392 – Incorporated 1999 Lou’s Tyres Limited based in Scunthorpe, they started their business in 1989 and continue to offer our customers the same best service and free safety advice for their cars every single day. They have built up a strong relationship with their customers and clients. They have […]
For sale by private tender
NewsTYRE UK WHOLESALE LTD Co. No. 09700135 – Incorporated 2015 Tyre UK is a specialist B2B Tyre Wholesaler and Motor Factors. The company has no employees. Trade from a Leasehold premises (it is the responsibility of any prospective bidder to discuss terms with the Landlord) Extensive range of tyre stocks, motor spares and tools, Office […]
Mini Eggs.. The chocolate treat we all love.
NewsWith Easter just around the corner the RNB Easter Bunny has hopped in to send you chocolate treats. If you would like your chocolate pick me up send a quick email to Jo at jo.brigham@redmannicholsbutler.co.uk
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