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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Update for Insolvency Practitioners on the development of the (CMS) As advised in the previous editions of Dear IP, the Insolvency Service is introducing a new Case Management System (CMS) in the first quarter of 2019, with our current planning projections putting us on target to go live on 18..
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Dear insolvency professionals We advised you in the November edition of Dear IP that the Insolvency Service is introducing a new Case Management System (CMS) in the first quarter of 2019, currently expected to be at the end of February. The CMS will bring about changes to the way the Redundancy Payments Service..
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