It’s normal for organisations to find themselves in financial difficulty and when this happens, people who are owed money by said businesses are likely to suffer to some extent. This is especially the case when a creditor is unsecured as they are last in line to be paid once an organisation goes into liquidation. If [...]
After figures surrounding insolvency were released last year, it looks as though the reintroduction of Crown Preference is on the horizon. This reintroduction could wreak serious damage on company rescues and make the company's voluntary arrangement completely redundant. This is going to be discussed in more detail throughout the below article. What Is a Company's [...]
The UK economy is struggling at the moment for a number of different reasons but one of the largest contributing factors is the increased rate of inflation. The UK is currently experiencing an incredibly high rate of inflation and this is having an impact on organisations and businesses everywhere. So, with that in mind, it’s [...]
The Companies Act 2006 (CA 2006) is the main piece of legislation that governs transactions relating to mergers and acquisitions in the UK. The CA 2006 sets out several requirements such as shareholder approval and the need to make a fair offer to the target company's shareholders. In the following article, we’ll take you through [...]
There is no escaping the fact that a variety of different businesses, both big and small, suffer from various problems in their lifetime. One of these at the moment is the high-profile independent trading provider, Skills Training UK, as it was reported recently that they are set to collapse. Who Are Skills Training UK? Skills [...]
The Companies Act 2006 (CA 2006) is the primary legislation governing the formation, operation, and dissolution of companies in the United Kingdom. The CA 2006 sets out a number of requirements for the accounting and reporting of companies. In the following article, we’ll take you through these requirements, which include the preparation of annual accounts, [...]
What is deprivation of capital? This is where an individual reduces their capital on purpose (or transfers that capital to someone else like a friend or family member) with the intention of being eligible for benefits that they wouldn’t be eligible for otherwise. Having less capital increases the scope and scale of benefits that are [...]
There are a number of different pieces of legislation and implications that get implemented which tell organisations, directors of said organisations and employees how they should act. One of the key pieces of legislation is the Companies Act 2006, which imposes several general duties on a director of a UK limited company. There are many [...]
There is no escaping the fact that climate change is a huge problem and one of the most prevalent issues facing the world today. As such, governments and businesses need to make an effort to reduce their overall carbon footprints and benefit the world's environment. As a result of this increased focus on environmental governance, [...]
If you own a company and you are currently going into liquidation then you are likely worried and confused about the process as a whole and the implications that it has on both you and your employees. It can be quite an anxious time with a large amount of uncertainty left in the future; however, [...]
