Balancing the accounts is a ceaseless melee; money coming in - with that that’s going out (and at the very last moment where possible!). A toil for every company but for the most part, one that’s managed. Allowing cash flow to sustain and…
What happens if a company cannot afford redundancy pay? Here we discuss a new government initiative aimed at solvent companies entitled “Financial assistance for employers unable to pay statutory redundancy payments”, launched on 11th Marc…
Dissolving a company is the process of closing a limited company through a strike off application, or following a liquidation or administration process. Dissolution leads to the company being removed from the official companies register mai…
The answer is yes, provided the process is managed correctly. The ability to claim directors redundancy pay depends upon the company closure method chosen and the qualifying eligibility of the director.
Now that the furlough scheme has finally ended it may be that you as a Director are having to consider placing a company into liquidation, either a creditors voluntary liquidation or possibly it will be placed into compulsory liquidation. …
Temporary restrictions relating to statutory demands and winding up petitions have now been partially lifted. In certain circumstances, a winding-up petition can now be presented against a company and proceeded with in court, irrespective o…
There can be many scenarios that drive the company directors to close down their businesses. Depending on the reason why, they can either dissolve the company or, in most cases, will need to consider a liquidation process.