Director Advice

Director Advice Fulfilling responsibilities to Companies House is crucial for a company director, including submitting necessary documents and maintaining accurate records. A director’s general duties under the Companies Act 2006 involve promoting the success of the company, exercising independent judgment, avoiding conflicts of interest, and maintaining confidentiality. To build a successful business, directors should focus…

How Can I Turnaround a Failing Business Picture this: You’ve poured your heart and soul into your business, but it’s struggling to stay afloat. You and struggling businesses know something needs to change, but where do you start? Don’t worry – we’ve been there, and we can help. In this blog post, we’ll guide you…

What Happens When a Company Goes into Administration Navigating the complex world of company administration can be a daunting task for business owners and employees alike. This blog post aims to provide clarity on the process, key players, and potential outcomes involved in company administration, specifically addressing the question of “what happens when a company…

What is a Winding Up Petition Picture this: your company is struggling to manage its finances, and a creditor is knocking on your door, demanding payment. It’s a nightmare scenario for any business owner or director. In these situations, what is a winding up petition might be the last resort for the creditor to recover…

Director Dispute Over Liquidation When a company faces the challenging decision of liquidation, it’s not uncommon for disputes over wants to liquidate director wants to liquidate to arise among company directors, often referred to as a “director dispute over liquidation.” Balancing personal interests, legal obligations, and the company’s welfare can be a complex and delicate…

I’ve Received a Bounce Back Loan Demand Letter from the Bank Receiving an “I’ve received a bounce back loan demand letter from the bank” can be a daunting experience, and it’s natural to feel overwhelmed. But fear not, we’ve got your back! In this blog post, we’ll guide you through the process of understanding, analysing,…

Bounce Back Loan Support As the UK government’s Bounce Back Loan Scheme (BBLS) reached its conclusion, many businesses are left wondering “What support can my company get when the bounce back loan ends?” In this blog post, we’ll explore the various options available to companies for managing their finances, including government support programs and private-sector…

What’s the Difference Between a Liquidator and the Official Receiver? Imagine being in the middle of a financial crisis with your company on the brink of insolvency. It’s a nightmare scenario that many businesses face, and understanding the roles of liquidators and official receivers is crucial in navigating these turbulent times. In this blog post,…

Is a Director Liable if a Company Can’t Repay a Bounce Back Loan Imagine being a business owner facing the harsh economic realities brought on by the Covid-19 pandemic. The government launches the Bounce Back Loan Scheme, offering a lifeline to keep your business afloat. But as a company director, you can’t help but wonder:…

What happens if I can’t pay a Bounce Back Loan or CBILS Loan Are you overwhelmed by the thought of repaying your Bounce Back Loan or CBILS Loan? You’re not alone. Many businesses face difficulty in repaying these loans due to ongoing cash flow problems. In this blog post, we’ll explore the ins and outs…