Director Advice

What Happens to My Pension in Liquidation? A company’s insolvency can be stressful and uncertain for its employees, especially because of the potential impact on their retirement funds. Understanding the ins and outs of pension schemes and what happens to my pension in liquidation is crucial to safeguarding your financial future. In company liquidation, pension…

Can I Buy Back Assets During or After a Liquidation? Assets can be purchased during or after liquidation, including stock, client base, goodwill, premises, and even the company name. It’s important to note that a liquidator must manage such transactions to ensure a fair market value and maximum returns for creditors. This can benefit existing…

Can I Be a Director Again After My Business Folds? It is entirely possible to be a company director again after your liquidated company folds. However, there are regulatory protections in place to safeguard creditors and other stakeholders, which you’ll need to navigate carefully. The key to bouncing back is to overcome the stigma associated…

What Happens If Your Company Can’t Break Even? What happens if your company can’t break even, and what can you do about it? It could be viable to sell the business under administration or consider participating in a Company Voluntary Arrangement. This guide will walk you through the ins and outs of breaking even, its…

Can I Reuse a Company Name After Liquidation? Your company has the option to submit an application to the court for the reuse of your liquidated company’s name, but it is necessary to do this within seven days following the company’s liquidation. This procedure is referred to as applying for ‘court leave’, which essentially means…

Can A 50-50 Shareholder Put A Company Into Liquidation? Navigating the complexities of 50-50 shareholder dynamics can be a daunting task. Disagreements can arise, and with no one holding a casting vote, disputes can become seemingly impossible to resolve. A 50% shareholder can force a company into liquidation even if there is a dispute and…

What is a Company Limited by Guarantee? A company limited by guarantee is a type of corporation with members acting as guarantors instead of shareholders. Non-profit organisations such as sports clubs, workers’ co-operatives, and membership organisations often form companies limited by guarantee to benefit from limited financial liability. A company limited by guarantee has no…

Can I Be Investigated if My Company Goes into Liquidation? Investigations into directors’ conduct are a necessity during both compulsory and voluntary liquidations. Company directors, shadow directors, and those who have instructed a disqualified director to act in an inappropriate manner may all be subject to an investigation. The aim of these investigations is to…

Who Values the Assets in a Company Liquidation? Navigating the complexities of a company liquidation can be an overwhelming experience for directors and shareholders alike. Assets need to be professionally valued by an independent expert. The proceeds from the sale are then distributed to the creditor groups. With so many variables to consider, it’s essential…

What is Fraudulent Trading for a Limited Company We’ve all heard the tales of deceit and scandal in the world of business, but have you ever wondered, what is fraudulent trading for a limited company? With the potential to wreak havoc on businesses and their stakeholders, understanding the complexities of fraudulent trading is crucial for…