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Dividends, Drawings and Director Pay When Cash Is Tight

Dividends, Drawings and Director Pay When Cash Is Tight

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...

Should you be paying a dividend to shareholders during the Covid-19 crisis?

by Paul Brindley | Apr 16, 2020 | Advice to Directors

The Institute of Chartered Accountants in England & Wales have just (14 April 2020) issued a reminder that companies considering whether to pay a dividend to shareholders right now should take a range of factors into account.  They are not saying don’t do...

Liquidation Following a Tax Avoidance Scheme – What’s the Deal?

by Paul Brindley | Jan 8, 2020 | Administration, CVLs, Director Disqualification

If you are a director of a company which has entered into any type of aggressive tax scheme and your business is now struggling, you really need to read this. This is why… In late 2016, Implement Consulting Limited went into insolvent liquidation, its statement of...

Is your company marginally solvent and paying dividends?

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...

Illegal dividends – the court clarifies a point

by Paul Brindley | May 10, 2019 | CVLs, Ethics & Regulation

Liquidators have a duty to maximise realisations for the benefit of the creditors.  One potential avenue they have to consider is pursuing the shareholders for repayment of dividends that were paid illegally – a common problem where director shareholders of...
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