Directors’ Loan Accounts – A ticking time bomb?
One of the key principles of being a director is the ability to act on the company’s behalf without personal liability (unless voluntarily agreeing to guarantee certain company liabilities). Contrast this with the risks of a sole trader and it is easy to see the personal protection that is afforded to a director of a limited company.
A Problem Building – Architects’ Professional Indemnity Insurance
Professional Indemnity Insurance (PII) has long been a problematic area for many professional services firms. It is typically expensive and with less and less providers in the market, can be difficult or even impossible to obtain.
Business and Assets for Sale – Project Pecan
An opportunity exists to acquire the business and assets of this UK based consumer insight and predictive analytics business, a market leader in the combination of real time mass consumer insights with machine learning to analyse the match between brands and music used in branding (sonic branding) and music used in marketing.
Understanding ‘wrongful trading’ and how to reduce your risk
As the impact of the pandemic recedes, we are advising a significant number of companies who are seeing profitability return but are weighed down by the government-guaranteed loans and arrears to HMRC, which they were advised to take on during the pandemic.
Landlord & Tenant Arbitration process commences on 25 March 2022. Good news for Tenants?
Background The British Property Federation (“BPF”) estimated that by 30 June 2021, £7.5 billion of commercial rent was in arrears. Whilst some agreements between landlords and tenants have been reached since then, further arrears have also arisen and latest estimates...
CAN I STRIKE OFF MY COMPANY IF IT HAS A BOUNCE BACK LOAN?
Dissolving a company, known as a strike off, can be a simple, cost effective way to close down a solvent or insolvent company with no assets. Technically a company can be struck off if it has creditors, but only with their consent. As part of the strike off process the board needs to tell the following “interested parties” about the intention to strike off.
TIME TO BE PROACTIVE NOT REACTIVE
How big is the can? The last 18 months have been truly horrendous for most businesses and as lockdown measures are released, government support for businesses is starting to unwind. We are increasingly asked how directors should now deal with the fall out and the advice is always be proactive not reactive. The numbers are frightening and most businesses are…
Wokingham Positive Difference
Wokingham Positive Difference’s main event in June was hosted as usual by Graeme Hobbs who introduced the workshop on Buying, Selling and Closing Businesses. These three very different paths were explored with a view to helping attendees increase their awareness of what is involved when making some life changing business decisions. Attendees were afforded insights and expertise from local specialists within…
Wokingham Positive Difference Webinar; Buying, Selling or Closing a Business – Friday 25th June 2021
Gareth and Lee are presenting at this Webinar being held on Friday (25th) morning. If you are interested in attending, enrolment details are below and you should be entitled to a 25% discount on the price if you enter GARETH or LEE when prompted to do so.