Guidance centre
Practical information for directors under pressure.
Detailed guidance on the issues that commonly arise before insolvency, restructuring or company closure. Each article provides a starting point, not advice on a particular company.
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Find the guidance that matches the pressure.
Can I continue trading if the company is insolvent?
The factors directors should consider before continuing to incur credit and accept new work.
What should directors do about HMRC arrears?
How to assess affordability, future compliance and whether a payment proposal is realistic.
When can a director become personally liable?
An overview of guarantees, loan accounts and conduct-related exposure.
What happens to a director's loan account in liquidation?
Why an overdrawn balance may be an asset and what information a liquidator will review.
What happens to employees when a company enters liquidation?
Employment termination, statutory claims and the records needed to support employees.
How does a creditors' voluntary liquidation work?
The decision process, appointment, liquidator's work and how costs are assessed.
What happens after a winding-up petition?
The court timetable, banking implications and options directors may need to consider urgently.
Which business rescue and restructuring options are available?
A comparison of informal restructuring, CVA, administration, finance and business sale options.
What happens to a Bounce Back Loan if the company cannot repay it?
What directors should understand about company liability, records, use of funds and possible investigation.
Looking for a quick answer?
Read frequently asked questionsA useful first step
If the issue is immediate, do not rely on general guidance alone.
Answer a small number of questions about the pressure facing the company. The initial discussion is free and without obligation. Fees for any formal work are explained before an instruction is accepted.