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Customer Deposits When a Company Is in Trouble… Can You Keep Taking Them?

Customer Deposits When a Company Is in Trouble… Can You Keep Taking Them?

by Paul Brindley | Jul 1, 2026 | Creditor, Supplier and Employee Issues

Your company is running short of cash. Suppliers are pressing. HMRC is overdue. The overdraft is near its limit. Then a new customer offers to pay you a £5,000 deposit. For a director under pressure, that money can look like oxygen. But there is an uncomfortable...
When ‘Non-Authorised Staff Shouldn’t Lead’ Applies to Insolvency Too … and Why I’m Raising It

When ‘Non-Authorised Staff Shouldn’t Lead’ Applies to Insolvency Too … and Why I’m Raising It

by Paul Brindley | Mar 5, 2026 | 40 Years in Insolvency - Now Let's Talk Honestly

I’m writing this because I keep seeing the same pattern play out with distressed directors. They’re scared. They’re running out of road. They finally pick up the phone … and the first ‘proper’ conversation they have is not with the licensed insolvency...
Directors’ Duties: The First 7 Days After You Realise Insolvency Is Likely

Directors’ Duties: The First 7 Days After You Realise Insolvency Is Likely

by Paul Brindley | Feb 17, 2026 | Advice to Directors

A practical action plan for directors who want to stay in control, protect creditors, and protect themselves That moment arrives quietly for most directors. You’re not sleeping well. You’re juggling payments. HMRC is chasing. Suppliers want pro-formas. Cash is leaving...
Credit unions in difficulty: what’s really going wrong, and what directors can do next

Credit unions in difficulty: what’s really going wrong, and what directors can do next

by Paul Brindley | Feb 1, 2026 | Credit Unions

If you’re reading this as a director of an ailing credit union, you’re probably worried about two things at once: protecting members, especially savers who may rely on the credit union day-to-day doing the right thing as directors, under regulatory scrutiny, sometimes...
If It Sounds Too Good to Be True… Why Selling Your Insolvent Company to a So-Called ‘Rescue Expert’ Can Come Back to Bite

If It Sounds Too Good to Be True… Why Selling Your Insolvent Company to a So-Called ‘Rescue Expert’ Can Come Back to Bite

by Paul Brindley | May 7, 2025 | Director Disqualification

When a company is facing serious financial pressure, it’s understandable for directors to look for a fast solution. In moments of stress, schemes offering a ‘clean break’ –  handing over the company to someone else and walking away – can seem...
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