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The latest articles from Redundancy Claims UK.

Who is liable for business debts in a limited company?

Who is liable for business debts in a limited company?

Monday 10th February, 2020
Once a company gets to the stage where it is struggling to keep up with its liabilities as and when they fall due, options need to be considered to protect the business and its creditors from incurring further losses.
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What is a winding-up petition and can it be stopped?

What is a winding-up petition and can it be stopped?

Saturday 8th February, 2020
If your company owes £750 or more and has received a 21-day statutory demand, one or more of your creditors can issue a winding-up petition with a view to closing down your business.
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What can be done if a customer won’t pay my invoice?

What can be done if a customer won’t pay my invoice?

Thursday 6th February, 2020
If a customer won’t pay your invoice and you’ve already exhausted the usual methods of collecting payment, you may be wondering how you’re going to recoup the debt. There are several steps you can take in these circumstances.
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What is a County Court Judgment (CCJ)?

What is a County Court Judgment (CCJ)?

Monday 3rd February, 2020
A county court judgment (CCJ) is an order made by the county court against a business or individual that owes an unpaid debt.
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What is a DS01 form for company dissolution?

What is a DS01 form for company dissolution?

Sunday 2nd February, 2020
There are various ways to close down a limited company, but which one is most appropriate will depend on the business’ financial position.
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How much does it cost to liquidate a company?

How much does it cost to liquidate a company?

Friday 24th January, 2020
An insolvent company is liquidated through a formal process known as a Creditors’ Voluntary Liquidation (CVL) which must be administered by a licensed insolvency practitioner and this unfortunately does come with a financial cost attached.
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