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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...
Twilight Zone of Insolvency: A New Game Plan for Directors

Twilight Zone of Insolvency: A New Game Plan for Directors

by Paul Brindley | Jun 16, 2024 | Upsettable Transactions

As the Euros kick off and football fever sweeps the continent, there’s a game-changing new rule in play, called ‘BHS’. The latest directive from the governing body, that only the captain can approach the referee, has transformed the playing field....
The Offside Rule in Football and Limited Company Insolvency: A Comparative Analysis

The Offside Rule in Football and Limited Company Insolvency: A Comparative Analysis

by Paul Brindley | Apr 7, 2024 | Upsettable Transactions

    In appreciating the unique complexity of legal concepts, one need not look further than the world of football and the infamous ‘offside’ rule it hosts. Surprisingly, there is much in common between the intricacies of the offside rule and the...

Update 31 March 2020 – Wrongful Trading, Winding Up Petitions and Moratoria

by Paul Brindley | Mar 31, 2020 | Advice to Directors, Coronavirus, CVLs, Upsettable Transactions

We are in very difficult times, where I suspect many companies are insolvent on a cash flow basis, unable to pay their suppliers on time. Although the government are intending to bring in a law to relax the rules over wrongful trading, the detail hasn’t been seen so...

Guidance to Directors of Insolvent and Near Insolvent Companies

by Paul Brindley | Aug 23, 2019 | Administration, Advice to Directors, CVLs, Ethics & Regulation, Upsettable Transactions

Directors often come to me troubled, worried about their position as a director of a company that’s at risk of failing, perturbed by all the scare stories about personal liability and other penalties, their minds racing.  Yet it’s not a crime to be involved with a...

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