Insolvency: Becoming Insolvent or Bankrupt When a company faces financial difficulty, there may be no other option than insolvency. Insolvency is commonly referred to as bankruptcy and occurs when the…

Considerations Before Proceedings for Debt Recovery Claim? As with most situations including debt recovery, court should be a last resort. All too often businesses begin legal action when an invoice is…

Liquidation Liquidation or winding up a company is one of the most commonly used insolvency procedures in the UK. Once a company has been liquidated it will no longer exist….

Sole Traders and Tax If you start your own business you are obliged to follow certain rules and regulations for sole traders and tax as specified by HMRC. Within three…

What is VAT In the UK Value Added Tax (VAT) is a tax charged on the sale and supply of goods or services during the course of business and it…

Guide to the Early Stages of a Debt Recovery Claim If you do decide to start a debt recovery claim, you will need to follow a series of steps. The…

Claiming Interest Under the Late Payment of Commercial Debts (Interest) Act 1998 Where a commercial contract is in place for the procurement of goods or services, businesses are able to…

Enforcing County Court Judgements Enforcing County Court Judgements is something that can be done if you have secured a judgement in the County Court or High Court against a debtor….

Business Administration  Throughout the United Kingdom there are countless businesses but sometimes things go wrong and companies experience financial difficulty. This could be attributed to a number of reasons from…