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If your company is struggling financially and you’re worried about your own future, it’s reassuring to know that as a director you may be able to claim redundancy pay should the company be forced into liquidation. Although not always a straightforward process, directors who can prove their status as an employee of their company may […]

What you need to know about liquidation and redundancy payments as a director An important aspect to be aware of when considering your right to a director redundancy claim centres around the liquidation process. Simply put, a director can only claim redundancy when their insolvent company has entered into liquidation. The liquidation process can be […]

Anyone who sets up a new business or becomes a director of an established operation is likely to have their eyes fixed firmly on doing whatever they can to develop that enterprise and make it as competitive as possible. Unfortunately though there are thousands of businesses every year which run out of cash flow and […]

The number of winding up petitions issued by HM Revenue & Customs (HMRC) increased by around 13 per cent over the course of last year. That’s according to the latest figures on the subject which show that there were 3,484 winding up petitions issued by the UK’s main tax-gathering body during 2015, which represented a […]

A pub reckoned to be the oldest in the city of Inverness is heading for liquidation, with its owners apparently unable to repay their debts to creditors. The Inverness Sheriff Court recently received a winding up petition in relation to Gellions Pubs Limited, which owns the popular watering hole. According to the local newspaper The […]