by Paul Brindley | Apr 9, 2020 | Administration, Advice to Directors, CVLs, Ethics & Regulation
Once this CV19 crisis is over HMRC will be put under a lot of pressure to raise extra cash. This will include looking at ways to generate cash from companies and the people who run them for pre-CV19 debts, they won’t simply roll over and ignore these debts even...
by Paul Brindley | Apr 4, 2020 | Administration, Advice to Directors, Alternatives to formal insolvency, Coronavirus, CVAs, CVLs
If you are a director and/or a shareholder of a limited company that is struggling to cope with this CV19 crisis – and frankly who isn’t? – perhaps you should think about looking at my one page summary of your formal and informal options,...
by Paul Brindley | Mar 31, 2020 | Advice to Directors, Coronavirus, CVLs, Upsettable Transactions
We are in very difficult times, where I suspect many companies are insolvent on a cash flow basis, unable to pay their suppliers on time. Although the government are intending to bring in a law to relax the rules over wrongful trading, the detail hasn’t been seen so...
by Paul Brindley | Feb 20, 2020 | Advice to Directors, CVLs, MVLs
What is a Members’ Voluntary Liquidation? A members’ voluntary liquidation (‘MVL’) is a solvent liquidation, one where all creditors are paid in full, and there’s a return to shareholders. An MVL is normally carried out where: A company or group of...
by Paul Brindley | Feb 17, 2020 | Advice to Directors, CVLs
Liquidating your company is one of the biggest decisions you will make in your life, so it’s important you feel as comfortable as you can be under the circumstances with the decision even though it’s probably very alien to you. We have written this blog to give you...
