RNB Cyber Monday Sale!

Members’ Voluntary Liquidations starting from £895 + Disbursements + VAT Enquire Now!!! For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or should you or your company be facing financial difficulties and you need to chat, please telephone Charlotte Hutchinson on 01377 257788 and she will make you an appointment with […]

J Bass and other v B Buchanan – A recent case highlights the importance of advising clients how the remunerate themselves

The taxpayer (Mrs B) had a company supplying management services to actors, however the company was placed into liquidation following demands from HMRC to repay tax arrears amounting over £125,000.  The key issue to address within this case is the disputed director’s loan account (DLA) in excess of £250,000. The Liquidator applied to court to […]

‘Bargain Basement’ director fails to bargain with Secretary of State issuing 13-year ban

Director, Muneef Ihsan has been banned from acting as a director for 13 years after fraudulently obtaining £150,000 worth of Covid-19 financial assistance. Ihsan was director of three companies between 2019 and 2020, Porthart Ltd, Bargain Basement 90 Ltd and Bargains Basement 90 Ltd which were all placed into liquidation in September 2020. It was […]

FREEHOLD OFFICE BLOCK FOR SALE IN SCARBOROUGH

The joint liquidators of Y H Training Services Limited – in liquidation offer for sale; Double Office Block at 37-39 Falgrave Road, Scarborough, YO12 5EA May suit residential conversion STP Grade 2 listed building Any enquiries to Joe Walker at CPH Commercial T: 01723 352 235 For more information on bankruptcy, liquidation, administration and all […]

Insolvency numbers on the rise……

The number of company insolvencies are on the rise, increasing by 17% from the previous quarter and also rising by 43% from Q3 in 2020. The number of Creditors’ Voluntary Liquidations is at its highest quarterly level since 2009, however, other company insolvency procedures seem to remain at the same or similar level since the […]