by Paul Brindley | Jul 14, 2026 | Advice to Directors
In many owner-managed companies, the director’s pay arrangements have evolved rather than been designed. There is a modest salary through payroll. Dividends are taken when cash allows. Personal expenses sometimes find their way through the business bank account. The...
by Paul Brindley | Jul 8, 2026 | Creditor, Supplier and Employee Issues
When directors first see a company’s estimated insolvency position, they often make a perfectly understandable assumption: “The company has £200,000 of assets and owes £300,000, so creditors should receive about 67p in the pound.” Sadly, it rarely works like that. ...
by Paul Brindley | Apr 15, 2024 | Upsettable Transactions
Last week, we struck a few parallels between the offside rule in football and limited company insolvency. This week, we extend our football-analogy and introduce a late substitute in our football-insolvency game…The Super Sub Sequana. In football, a skilful...
by Paul Brindley | Nov 3, 2019 | CVLs
If you run a company that is marginally solvent, pay yourself a nominal salary and top up your package by paying a dividend, and are at risk of going insolvent some time down the line, then this article is especially for you… Few directors and shareholders truly...
