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 | Sep 18, 2019 | Administration, Advice to Directors, Upsettable Transactions
What is Administration designed to do? The purpose of Administration is first off to save the entire company, and if that’s not possible then save as much of the business that’s within the company, preventing an inevitable closure should the company instead go in...
by Paul Brindley | Aug 23, 2019 | Administration, Advice to Directors, CVLs, Ethics & Regulation, Upsettable Transactions
Directors often come to me troubled, worried about their position as a director of a company that’s at risk of failing, perturbed by all the scare stories about personal liability and other penalties, their minds racing. Yet it’s not a crime to be involved with a...
by Paul Brindley | May 23, 2019 | Administration
Hadlow College was put into administration yesterday, the first college to go into administration since the government introduced some new insolvency laws for the sector earlier this year. The government never take the time to create new laws specifically for the...
by Paul Brindley | May 17, 2019 | Administration, CVLs
When a limited company starts to face financial problems, its directors need to bear in mind a number of aspects of insolvency law: Compliance with their duties under the Companies Act 2006 S171 Duty to act within powers S172 Duty to promote the success of the company...
