Funding – is it overcrowded?

Historically businesses needing funding would turn to the bank or other traditional financial institutions.  Not anymore.  Crowdfunding has become hugely popular.  Funding can be obtained online from a variety of investors.  Investors can invest anything from £10 upwards and businesses seeking funding can obtain monies from a number of investors all willing to invest nominal […]

HMRC are after your assets!!

It has recently been reported that there has been a sharp rise in cases where HMRC are seizing goods for non-payment of tax from accountants and other self-employed professionals. It is important for anybody facing financial difficulties, whether personally, directors of limited companies or partnerships, to seek advice from a licensed insolvency practitioner as soon […]

Directors – keep your company records pukka!!

When a company enters into a formal insolvency procedure, it is the duty of the insolvency practitioner appointed to take custody of all the records pertaining to the company. The insolvency practitioner will then inspect these records to help him establish whether there are any potential rights of action against the directors.  The reveiw will […]

Directors – are you living in the shadows….

People who are not formally appointed as direcots, but act as a director by giving advice to directors can be classed as ‘shadow’ directors. In the past, it was understood that shadow directors could be held liable for such things as wrongful trading (letting the company trade whilst insolvent) etc.  A shadow director was not […]

Payday lender runs out of credit!!

Hardly a day goes by when we don’t hear about payday lenders for one reason or another! However the latest news is that Basildon based payday lender Money Republic, entered into administration at the end of January. Claiming to be different to the rest and offering lower APR rates and longer repayment periods, Money Republic […]

Accounts Administrator needed!!

We are seeking an individual to carry out various accounts and administrative duties in our busy insolvency practice. The successful candidate will have a good head for figures and preferably accounts experience.  A general knowledge of insolvency would be preferred but not essential as training will be given. The position is full time, Monday to […]