Restrictions to winding-up petitions have been lifted after 18 months. Previously, winding-up petitions could only be presented by a creditor who had satisfactory grounds, those being that even without the pressure of the Covid-19 pandemic, the debtor company would not be able to settle debts as they fall due. However, new conditions have been implemented […]

The joint trustees offer for sale the entire share capital of IIE Management Limited, a non- trading company. Whilst IIE Management Limited is a non-trading company, it does have ownership of some roads at Netherlands Way, Stallingborough, Grimsby An offer has already been received for the shares, but this notice provides an opportunity for any […]

We have made some little winter packs to warm you up as the nights get darker and colder. We have some Redman Nichols Butler mugs and coaster sets filled with sweet treats including hot chocolate, coffee and tea, but most excitingly, your very own Mr Redman the gingerbread man! If you would like one of […]

Opening up a limited company is an easy process.  Documents are submitted to Companies House and the company is a legal entity in its own right. When it comes to closing a company though, there are a few pitfalls to watch out for. Directors may want to close their companies for all sorts of reasons, […]

Bahram Manouriboroujeni, who ran a pizza takeaway in Norris Green, was found to have deliberately failed to disclose the true turnover of the business to conceal the amount of taxes he had to pay. The discrepancy came to light when invoices from Deliveroo Just Eat and Hungry House were inspected by HMRC and found to […]

Recent research has suggested that only 11 per-cent of retailers have paid their rent on time. Before the pandemic landlords received approximately 30 per-cent of their rent on time. With the moratorium on commercial tenant evictions still in place it seems that many retailers are wanting to retain any working capital they can to support […]

A High Court Judge has rejected a proposal made by the Issa brothers, recent acquirers of the Asda supermarket chain, to restructure Café Nero in attempt to save it from entering a CVA. The CVA was passed by creditors on 30 November 2020 following a buildup of rent arrears to Café Nero landlords, with a […]

The director of a Hove restaurant has been banned for 6 years after it was found that he under declared the amount of tax due by failing to record the sales accurately. Emad Abdolkhani traded as the Barcode Restaurant, which ceased to trade in 2019 when a winding up order was made following a petition […]

The pandemic has brought about an extraordinary amount of financial distress for millions of people. Many are turning to family and friends for help.  People who have the means to help out are generally happy to do so, but problems arise when repayment agreements are defaulted, which can cause family bust ups and relationships to […]

Grant Thornton have been fined £2.3m for failures in its audits carried out between 2015 and 2017 on Patisserie Valerie. Patisserie Valerie entered into administration and concerns over the company’s accounting function. The Financial Reporting Council advised that Grant Thornton failed to ‘question information provided by management,’ and had ‘missed red flags’ after failing to […]