Chocolate Coins….

The Christmas Elves have made an early delivery to Redman Nichols Butler. If you are in need of a “chocolate fix” prior to Christmas please drop us an email and the Elves (John or Andrew) will send some out to you…..

Guide for directors @ the Director Information Hub

The Insolvency Service have provided a really useful information hub for directors and potential future directors on your duties and responsibilities and also identifying the risks of insolvency. The information hub is also relevant to anyone involved in running or managing an organisation such as a trustee of a charity or being involved in the […]

Ten top tips for directors who are thinking of causing their company to enter into an insolvency process and who want as stress free process as possible

Ensure the company’s accounting records are brought up to date. Take professional advice from the company’s accountants and / or solicitors   – remember they have experience with other clients that have been there before. Be honest with yourself and identify matters that the insolvency practitioner may well have concerns about before the insolvency button is […]

Insolvency News – Regulation of firms as well as individual licensed insolvency practitioners is finally about to arrive.

Since the Insolvency Act 1986 became law, the regulation of the insolvency profession was directed at individual licensed insolvency practitioners – it is they and not who they may work for that were regulated.  Over the years, we have seen a number of organisations set up that provide insolvency / turnaround and related services and […]

Director’s loan account or a director’s moan account?

Alexander Lauren Associates Limited (“the company”) was placed into liquidation in 2012. The directors owed the company in excess of £1 million via their directors’ loan accounts (“DLA”). The directors reached a settlement with the liquidator whereby they would repay £100,000 in settlement of their DLAs. The company / its liquidators released the balance of […]

Seeking Offers for the Business, Work in Progress and Assets

Icon Office Design Limited (In Administration)Trading premises: Junction Close, Green Lane, Featherstone Industrial Park WF7 6ER. The company designs and manufactures a huge range of products for the modern workplace from everyday office screens to high end acoustic furniture. The assets for sale include; Large Stocks of Timber, Fabric, Ironmongery and Extruded Aluminium CNC Machinery […]