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When Does Trading Become ‘Wrongful? A Straight-Talking Guide for Directors

When Does Trading Become ‘Wrongful? A Straight-Talking Guide for Directors

by Paul Brindley | Apr 7, 2026 | Advice to Directors

If you run a company long enough, you’ll hit pressure points. Cash tightens, creditors start calling, and decisions that once felt routine suddenly carry weight. One of the most misunderstood areas I deal with is wrongful trading. Directors occasionally panic too...
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...
BADR, MVLs and the Government’s Published Plan … What Directors Need to See Clearly

BADR, MVLs and the Government’s Published Plan … What Directors Need to See Clearly

by Paul Brindley | Feb 15, 2026 | MVLs

If you’re considering closing a solvent company through a Members’ Voluntary Liquidation, we need to look at Business Asset Disposal Relief in a calm, factual way… There is a published plan. But that doesn’t mean it’s the end of the story. The Phased Increases...
HMRC Winding-Up Petitions: The Timeline, the “Information Gap”, and What Happens to Your Bank Account

HMRC Winding-Up Petitions: The Timeline, the “Information Gap”, and What Happens to Your Bank Account

by Paul Brindley | Feb 11, 2026 | Advice to Directors

When HMRC (or another major creditor) decides it has had enough, the escalation to compulsory liquidation can feel brutally quick. In reality, it is usually a process with recognisable stages, and the most important thing to understand is this: The danger point is...
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...
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