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...
by Paul Brindley | Jan 29, 2023 | Advice to Directors, CVLs
The following is a summary of the steps involved in an unconnected creditor placing your company into compulsory liquidation and what happens afterwards: The company experiences financial difficulties and has trouble paying its debts. As creditors pressure mounts, a...
by Paul Brindley | Jun 6, 2020 | Advice to Directors, CVLs
If you are a director of a debtor company which is, or could soon be, subject to a statutory demand or winding up petition, this is for you – a short summary of what’s in the current draft of the Corporate Insolvency & Governance Bill (‘the...
by Paul Brindley | Aug 28, 2019 | CVLs, Ethics & Regulation
The first step a creditor must do before presenting a winding up petition is carry out a search to check that no other petition has already been presented. This is because unless there are truly exceptional circumstances a second petition will not be allowed to be...
