There’s a common misconception that as a limited company director, you’re not entitled to statutory payments if your business closes, as an employee would be. As a limited company director, you are technically employed by your limited company, and therefore, treated accordingly when it comes to statutory payments, such as..
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As a limited company in financial distress, company liquidation may be the only remaining avenue if there’s no chance your business will survive. An ailing business with no prospects puts creditor interests at risk, so it’s crucial to act with haste. If your business is past the point of recovery..
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The run-up to liquidating a limited company can be taxing, from financial uncertainty, creditor pressure and threats of legal action, navigating a business in distress is a challenge not for the fainthearted. As the director of a limited company, it’s your responsibility to act in the best interests of creditors...
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