Articles Hub
The latest insights and trending topics from Begbies Traynor Group
Understanding employee redundancy during liquidation
Understanding the rights of your employees in redundancy is an important part of any insolvency procedure. Here we look at what happens during various administration and liquidation processes, plus the way in which redundancy entitlement is calculated.
Understanding company rescue in Scotland with advice for directors
If your company is registered in Scotland and is experiencing financial problems and potential insolvency, there are potential rescue options available.
What are preference payments to creditors?
When a company enters administration or is liquidated, the conduct of directors leading up to insolvency will be investigated.
Can I trade under a different name than that registered at Companies House?
It is possible to officially register a company name at Companies House, but then use one or more ‘trading names’ as required by yourself or your organisation. Some companies trade under different names, with the name registered at Companies House belonging to the original company.
Understanding High Court Writs and How to Protect Your Business
High court writs are used by creditors to enforce unpaid court judgments (CCJs). Is your business facing action by high court enforcement officers (HCEOs)?
Directors’ responsibilities
There are certain rules and regulations surrounding company liquidation, many of which focus on your actions as a director particularly if your company becomes insolvent.
ESC C16? What is it and what does it mean?
ESC C16 allowed directors to follow a closure process that was both straightforward and tax-efficient but that has changed.
Glossary of Insolvency Terms
Here you will find a glossary of terms that relate to common insolvency terms
What are the dangers of overtrading?
Overtrading often results from businesses growing more rapidly than their production and cash flow can accommodate, or the late payment of customer invoices. If not anticipated properly, overtrading can lead to insolvency and the closure of a business.
An Insolvent Company Owes Me Money – What Do I Do?
If you are owed money by an insolvent company, your options vary according to the level of debt, and the lengths you are prepared to go to recover your money.
How can I get free insolvency advice for my business?
Obtaining reliable and up-to-date advice is crucial at any stage of business, but particularly so when you’re facing financial difficulties.
What options are available when a customer will not pay my invoice?
When customers don’t pay your invoices it can cause serious cash flow problems and ultimately lead to irreversible financial issues if not addressed. There are a number of actions you can take, however, to ensure your business isn’t compromised to the point of insolvency.
