Business Recovery: Options For Insolvent Businesses
March 22, 2024If your company is struggling financially, it helps to have a broad understanding of the different business recovery options that... Read more...
Fiduciary Duties: What Is The Fiduciary Duty Of Directors?
March 8, 2024Fiduciary duties refer to the responsibilities that directors owe to their companies and all connected to them – customers, partners,... Read more...
What Is A Private Company Limited By Shares?
February 23, 2024In this guide we’ll explain the benefits of running a business as a private company limited by shares – including... Read more...
What Are Antecedent Transactions For An Insolvent Business?
February 9, 2024Antecedent transactions are ones that occurred prior to a company beginning formal corporate insolvency proceedings. Specifically, they are transactions that... Read more...
Restructuring And Insolvency: What Is A Restructuring Plan?
January 26, 2024Restructuring plans are a relatively recent inclusion to the restructuring market. They were introduced back in 2020 under the Corporate... Read more...
What Happens To A Company Limited By Guarantee During Insolvency?
January 12, 2024If you’re not sure what a company limited by guarantee is or what happens when it is insolvent, you’ve come... Read more...
Can You Restore A Dissolved Company? Our Guide
December 20, 2023Company restoration after the directors or other parties dissolved it is certainly doable, but not always straightforward. In this guide... Read more...
Can You Change A Company Name During Administration?
December 6, 2023There are lots of reasons to change the company name but people often ask us if you can do it... Read more...
How Does TUPE Work During Insolvency?
November 22, 2023Looking to understand the TUPE meaning, transfer rules and implications during a company insolvency? We’ll run through what you need... Read more...
What Is A Contingent Liability?
November 8, 2023Contingent liabilities are an important – but often complicated – part of business and accounting. In this article, we explain contingent... Read more...
What Is A Scheme Of Arrangement? Our Guide
October 24, 2023If your company needs to restructure debt but directors want to continue trading, you may be considering a scheme of... Read more...
What Is The Insolvency Act 1986?
October 10, 2023We’ve mentioned it many times before on our blog, but what is the Insolvency Act 1986 exactly? It’s legislation that... Read more...
Unsecured And Secured Loans: What If A Company Can’t Repay?
September 11, 2023Secured loans or unsecured loans are crucial for many businesses, providing the investment they need to achieve their objectives and... Read more...
What Is A Debt Relief Order?
September 4, 2023If you’re struggling with personal debt, you may be searching online for ‘debt relief order UK’ looking for a solution... Read more...
What is Commercial Rent Arrears Recovery (CRAR)?
August 28, 2023The Commercial Rent Arrears Recovery (CRAR) measures can let landlords take control of a business’ goods if it is behind... Read more...
HMRC Debt Collection & Management: An Expert Guide
August 21, 2023In this guide we explore HMRC debt management and collection, including the options if your business is struggling to make... Read more...
What To Do If You Cannot Pay Off Your Bounce Back Loan
July 11, 2023If you’re struggling to pay off your Bounce Back Loan, you may have lots of questions about what will happen... Read more...
When a Company Goes Into Administration or Liquidation Who Gets Paid First?
February 28, 2023Chances are, you’ve googled, “When a company goes into liquidation, who gets paid first?”. And thankfully, you’ve landed on this... Read more...
Jobs saved and brand survives – a Hudson Weir success story
January 27, 2023Hudson Weir is proud to have helped rescue a much-loved cycling brand - saving all employee contracts over the Festive... Read more...
Statute Barred: How Long Can A Debt Be Chased In The UK?
July 25, 2022Being in debt isn’t just a financial drain. It can cause personal and emotional stress too. As qualified Insolvency Practitioners,... Read more...
A Guide To Bankruptcy And How Long It Stays On Your Credit Report
July 11, 2022In recent articles, we’ve covered insolvency in great detail, but what is bankruptcy and is it any different? The bankruptcy... Read more...
What Is Special Administration? Our Comprehensive Guide
June 25, 2022When trying to tackle major debts, a company may opt to go into administration in order to manage the journey... Read more...
What Are Bad Debts And How Can You Avoid Them?
June 11, 2022There’s no other way to put it. Bad debts are bad news. As a team of experienced insolvency practitioners, Chartered... Read more...
Limited Liability Partnerships: Everything You Need To Know
May 25, 2022If you’re looking for information on limited liability partnerships (LLPs), you’re in the right place. Our team of highly qualified... Read more...
Personal Guarantees: What Are They And Can You Get Out Of One?
May 11, 2022Money makes the world go round. And personal guarantees are an important part of keeping the money flowing between lenders... Read more...
If a Company Goes Into Administration, Do I Have to Pay Them?
April 25, 2022Envisage this scenario: you’re just about to pay a company some funds, perhaps for some goods or supplies, and you... Read more...
How Long Is A Director Liable After Resignation?
April 11, 2022If you’re planning on giving up your directorship of a limited company, while also cautiously noting the business’ financial situation,... Read more...
How Long Does An IVA Last?
March 25, 2022If you’re thinking about entering into an individual voluntary arrangement, you’ll likely have many questions including ‘how long does an... Read more...
What Is A Dividend In Specie? An In-Depth Guide
March 11, 2022You might know what a distribution in specie is, but what is a dividend in specie? Sometimes, the term ‘in... Read more...
Personal Insolvency UK: What Is Personal Insolvency?
February 25, 2022We’re often asked here at Hudson Weir, “what is personal insolvency?”. There are often misconceptions when it comes to insolvency... Read more...
How Long Do You Stay On The Insolvency Register?
February 11, 2022Insolvency can be an extremely challenging situation for an individual, both financially and emotionally. While there are steps one can... Read more...
What Happens To Directors Of A Dissolved Company?
January 21, 2022In this article we’ll run through what happens to a director of a dissolved company, as well as how the... Read more...
What Happens To Staff When A Company Goes Into Administration?
January 7, 2022Knowing what happens to staff when a company goes into administration is very important, regardless of where you are in... Read more...
Filing For Bankruptcy: How To Declare Bankruptcy in England
December 24, 2021If you want or need to know how to declare bankruptcy in England, we can walk you through the process... Read more...
How Long Should You Keep Company Records After Liquidation?
December 10, 2021There’s lots to do when closing a business - while it’s not the first thing you’ll think of, it’s vital... Read more...
Can You Get A Mortgage With A CCJ? Mortgages With CCJs
November 26, 2021We recently wrote an in-depth guide on receiving a county court judgement and in this article we’ll answer a common... Read more...
What Is Bankruptcy? A Guide To Bankruptcy And Your Credit Report
November 12, 2021In recent articles we’ve covered insolvency in great detail, but what is bankruptcy and is it any different? In recent... Read more...
What Is A CCJ? An In-Depth Guide to County Court Judgements
October 30, 2021What is a CCJ, why are they issued and how should you respond? If you or your business receives one,... Read more...
Putting Personal Money Into A Limited Company: What You Should Know
October 10, 2021When cash flow problems arise, some directors see putting personal money into a limited company as a simple solution to... Read more...
What Are Preference Shares During Insolvency?
September 24, 2021While preference shares are much less common than ordinary shares, they have some clear advantages. One of these advantages takes... Read more...
How To Resign As A Company Director
September 10, 2021In this article we’ll look at how to resign as a company director. There’s more than one reason why you... Read more...
What Does An Official Receiver Do In Insolvency Procedures?
August 30, 2021If you’re looking for information about what an official receiver does in insolvency procedures, we’ve put together this short summary.... Read more...
What Is A Winding Up Petition? Our Guide
August 30, 2021If you’re wondering ‘what is a winding up petition?’, then this short guide will help. A winding up petition is... Read more...
What Is A Management Buyout And How Does It Work?
August 30, 2021Have you ever wondered: what is a management buyout exactly? For some companies, a management buyout is an attractive solution... Read more...
Director Disqualification – Everything You Need To Know
August 27, 2021Unfit conduct can result in director disqualification for up to 15 years. It’s vital for directors to understand their legal... Read more...
High Court Writ: What Are Your Options And Rights?
July 28, 2021Receiving a high court writ can be a difficult situation to resolve, but there are several options available. Let’s look... Read more...
EBTs (Employee Benefit Trusts) And What They Could Mean For Insolvent Company Directors
July 20, 2021Has your company ever used an employee benefit trust, also known as an EBT? Have you, or has your company,... Read more...
What Will Happen To Your Employees When Your Company Goes Into Liquidation?
July 15, 2021Liquidating a company can be tough - but it is something many business owners have had to face. Sometimes, it... Read more...
Selling Your Business As A Going Concern: What Does It Mean?
July 6, 2021There are all sorts of ways to sell a business. One option is to sell it as a going concern... Read more...
What Is A Trade Sale Of A Business? A Guide
June 30, 2021A trade sale is a term used to describe the sale of a business, usually to another company in the... Read more...
What Is Invoice Discounting? All You Need To Know
June 28, 2021Cash flow is always a crucial consideration when running any size of business. There are multiple financing options out there... Read more...
DS01 Forms: Our Guide
June 5, 2021Closing a limited company can be stressful for lots of reasons - and the paperwork can feel overwhelming, particularly if... Read more...
Director’s Loan Accounts Explained: What To Do If You’re Overdrawn
May 28, 2021Director’s loan accounts are commonly used in business - and they're not about financing a holiday or new car with... Read more...
Business Asset Disposal Relief: Our Guide
May 20, 2021Capital Gains Tax is an area of confusion for millions of people, with an array of tax reliefs, rates, eligibility... Read more...
What Is A Stay Of Execution And How Do I Obtain One?
May 20, 2021If served with a County Court Judgement (CCJ), your business is facing a serious threat – one that can be... Read more...
Floating Charges And Fixed Charges: Understanding The Differences
May 13, 2021Floating charges, fixed charges and understanding the differences between the two are important for anyone involved in running a business... Read more...
Phoenix Company: What Does It Mean And What Are The Rules?
April 29, 2021Running a business isn’t easy, and there are lots of reasons why they might run into difficulties. At Hudson Weir,... Read more...
What Is A Dormant Company And Should You Make Your Company Dormant?
April 20, 2021Whether you’re a contractor running your own operation, or an owner of a bigger business, there are many reasons why... Read more...
What Are Debentures? Everything You Need To Know
April 15, 2021A debenture is a type of loan agreement used in business finance. In this article we’ll explore what a debenture... Read more...
What Is Overtrading And What Are The Risks For My Business?
April 15, 2021At Hudson Weir, we are first and foremost businesspeople. We recognise just how challenging it is to get your company... Read more...
What Is Misfeasance? Misfeasance And Insolvency
March 30, 2021Misfeasance is closely linked to wrongful trading, and similarly carries serious consequences for implicated directors. At Hudson Weir, we have... Read more...
Closing A Limited Company: All You Need To Know
March 30, 2021Thinking about closing a limited company? There are several different routes you can take - and the one you choose... Read more...
Working From Home Happiness Index
March 18, 2021See the infographic below to discover UK residents’ happiness working from home, divided by region and industry If you're interested... Read more...
What Is Distribution In Specie? A Guide
March 16, 2021Outside of financial circles, distribution in specie is a relatively little-known term. However, it can play a useful and important... Read more...
Cash Flow Problems: How To Improve Cash Flow When Facing Insolvency
March 16, 2021Cash flow problems can cause serious issues for businesses if left unresolved, and can even lead to company failure. In... Read more...
What Is A Declaration Of Solvency In An MVL Procedure?
March 3, 2021A declaration of solvency is a document that company directors sign during a Members’ Voluntary Liquidation (MVL). In this blog... Read more...
What Is Corporation Tax? All You Need To Know As A Small Business
March 3, 2021What is Corporation Tax? If you run a small business or are thinking of starting one, you may well be... Read more...
What Is An Insolvent Estate? All You Need To Know
February 12, 2021An insolvent estate occurs when a person dies owing debts greater than the total value of their assets. Dealing with... Read more...
Shadow Directors And Liability During Insolvency: A Guide
February 12, 2021Without knowledge and expertise, insolvency can have a serious impact on a company, its directors and even its shadow directors.... Read more...
Pre Pack Administration: What It Involves And How To Do It
January 29, 2021Pre pack administration is a formal procedure that enables an insolvent company to sell its assets to the existing directors,... Read more...
What Is Wrongful Trading? How To Recognise It In Your Business
January 29, 2021As expert insolvency practitioners, the team at Hudson Weir are well-placed to identify wrongful trading in your business. Even experienced... Read more...
What Is A Compulsory Strike Off? All You Need To Know
January 25, 2021You may be aware of companies being voluntarily struck off but in this article we’ll look at what a compulsory... Read more...
What Is Receivership And What Does It Mean For My Company?
January 25, 2021If your company is facing receivership, you may be wondering what this means. Or maybe you have a company in... Read more...
What Is A Statutory Demand And How Will It Affect My Business?
January 4, 2021If you’ve received a statutory demand and aren’t sure what to do next, you’ve come to the right place. In... Read more...
What Is The IVA Register And What Does It Mean For Me?
December 18, 2020If you’re considering an IVA but are worried about being on the IVA register, you’re not alone. More and more... Read more...
Warrant Of Control: What Does It Mean And What Happens Next?
December 18, 2020If you have a county court judgment (CCJ), you may have heard of a warrant of control - or you... Read more...
Hudson Weir’s New Second Office On Tottenham Court Road
August 14, 2020Hudson Weir are excited to announce the opening of our second office on Tottenham Court Road in central London. As... Read more...
Personal Liability And Insolvency: When Can I Be Personally Liable For Company Debts?
July 24, 2020If your company is facing insolvency, as a company director you may be wondering when you could have personal liability... Read more...
What Are Company Director Duties And How Are They Affected By The Company’s Insolvency?
July 7, 2020Given the current economic impact caused by Covid-19, it is important that you understand what your duties are as a... Read more...
An All-In-One Guide To The Different Types Of Liquidation
June 30, 2020From our discussions with directors, we understand that navigating the technical jargon and comparing key features of the different types... Read more...
The Process Of Placing A Company Into Liquidation
June 22, 2020Considering placing a company into liquidation? During the current climate where businesses have been forced to shut down with certain... Read more...
What Is An Insolvency Practitioner, And How Can They Help Me?
June 17, 2020At Hudson Weir, we pride ourselves on our dedicated team of insolvency practitioners – but what IS an insolvency practitioner? ... Read more...
Making A Redundancy Claim: Everything You Need To Know
May 21, 2020If you’ve been made redundant, then you may be wondering how to make a redundancy claim. As an employee, your... Read more...
Business Rescue During The Covid-19 Crisis: Is A CVA A Viable Option?
April 30, 2020Business rescue options may be on many company directors’ minds during these unprecedented times. It is undeniable that the business... Read more...
Preference Payments: What Are They And Why Should I Avoid Them?
April 22, 2020If you’re a company director, you may have heard the term 'preference payments' used in relation to insolvency. In this... Read more...
Coronavirus Business Support: How Can I Protect My Company?
March 25, 2020If you’re looking for Coronavirus business support, you’re not alone – and we’re here to help. The novel COVID-19 coronavirus... Read more...
What Is An Insolvency Practitioner, And How Does It Differ From A Liquidator?
March 20, 2020If your company is struggling, it’s wise to turn to an insolvency practitioner. But what is an insolvency practitioner? And... Read more...
How To Deal With An Insolvent Company
January 2, 2020The prospect of an insolvent company is something you may worry about as a director – and you’re not alone.... Read more...
Insolvency Practitioner Fees: Everything You Need To Know
December 12, 2019When it comes to insolvency practitioner fees, there’s no one-size-fits-all approach. Fees for a licensed insolvency practitioner (IP) usually fall... Read more...
When Is A Company Insolvent? Three Tests To Find Out
September 23, 2019So you think your company could be insolvent? You may have experienced times of financial uncertainty, but in this economic... Read more...
What Happens When A Company Goes Into Administration?
July 26, 2019Wondering what happens when a company goes into administration? Administration can be a daunting process for company directors – but... Read more...
What’s The Difference Between A CVL And A CVA?
July 8, 2019What’s the difference between a CVL and a CVA? It’s a question we often get asked. CVL stands for Creditors’... Read more...
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