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Business for sale

Disign House Maidstone Limited – In Administration T/A DG Solutions Unit 15, 97-101 Peregrine Road, Hainault Business Park, Essex, IG6 3XJ Suppliers and Installers of uPVC casement windows, composite doors, lanterns roofs and double glazing. For more information, please contact Gilbert Baitson Auctioneers 01482 500500 Info@gilbert-baitson.co.uk

Dishonest business man jailed.

Sukhi Sanghera appeared at Warwick Crown Court on Thursday 27 October 2022, where he was sentenced before HHJ Berlin after he was charged with 4 counts of bankruptcy offences. The court heard that Sukhi Sanghera (50) was made bankrupt in August 2017 by order of the County Court in Warwick, with debts of over £140,000. […]

Lord Justice Males: Lock v Stanley

Mrs Adele Lock is a creditor and former director of Edengate Homes (Butley Hall)Ltd, a company now in liquidation whose only asset was a claim against her andmembers of her family. She seeks to set aside the liquidator’s assignment of thatclaim to Manolete Partners Plc, a litigation funding company, on the basis that sheand her […]

What is a Solvent Company Liquidation?

A solvent liquidation is a liquidation where all creditors of a company will be paid their debts in full and then the  surplus of company assets (after repaying those creditors) is returned to the shareholders.  Solvent liquidations (otherwise known as members voluntary liquidations) are usually used to wind down the affairs of a company that […]

What is a debenture in the UK?

Simply put a debenture is a security that a company offers a lender for funding, that is filed at Companies House. Typically the funding relates to a loan that is granted and is payable over time, but it can actually take any financial lending form (such as overdrafts). A debenture provides the lender with security […]