Business debt consolidation involves merging several existing debts into one (ideally, more manageable) monthly payment. The goal is to streamline... Read more...
If your company is facing receivership, you may be wondering what this means. Or maybe you have a company in... Read more...
In this article we’ll run through what happens to a director of a dissolved company, as well as how the... Read more...
Knowing what happens to staff when a company goes into administration is very important, regardless of where you are in... Read more...
Envisage this scenario: you’re just about to pay a company some funds, perhaps for some goods or supplies, and you... Read more...
The government has introduced a so-called ‘Covid amnesty’ scheme for businesses to resolve unpaid business loans, in theory with ‘no... Read more...
Employers in the UK have a legal obligation to provide payslips to their employees. So, is there a penalty for... Read more...
When cash flow problems arise, some directors see putting personal money into a limited company as a simple solution to... Read more...
A better understanding of a company’s financial health helps ensure its long-term success. Business owners and decision-makers need to be... Read more...
One of the most common questions when planning to shut down a business is – how much does it cost... Read more...
If your business is struggling to pay its debts when they fall due, it’s important to keep in mind –... Read more...
Missing a VAT deadline leads to penalties from HMRC, creating financial strain for businesses. Failure to submit returns on time... Read more...
This guide explores what ‘active proposal to strike off’ means and what can happen next if this action is suspended,... Read more...
If you’re trying to find out ‘what does IBR mean’ or ‘what does IBR stand for’ in a business or... Read more...
During a company’s liquidation, the appointed insolvency practitioner aims to raise as much money as viable to repay creditors, but... Read more...
Businesses rely on steady cash flow to operate smoothly, and unpaid invoices can create major hurdles… With this in mind,... Read more...
One way of stopping creditor legal action – and getting some time back to settle company debts – involves filing... Read more...
Cash flow is key to the running of business operations, so unpaid customer invoices can create significant challenges… There are... Read more...
Find out how a freezing order works in this guide and learn about the options for business recovery after a... Read more...
For businesses entering insolvency, or at risk of this happening, creditor claims are a key concern – especially if a... Read more...
You may well know what an intercompany loan is… But do you know what can happen if the borrowing company... Read more...
This guide focuses on why a shareholder agreement is relevant in the event of insolvency and the roles it plays... Read more...
It’s not an uncommon scenario, unfortunately – director lends company money, company enters insolvency, company owes director money, director wants... Read more...
For company directors navigating the off-payroll working rules, a common question is – what does inside IR35 mean exactly? IR35... Read more...
The distribution of dividends is a common practice in businesses, rewarding shareholders for their investment in the company… But in... Read more...
Hudson Weir have been appointed as administrators for the reigning British Basketball League champions, the London Lions. Joint administrators Hasib... Read more...
Understanding what constitutes a transaction at an undervalue, as well as the associated implications, is crucial for businesses facing financial... Read more...
In this article we’ll explain who pays redundancy money when a business is a) solvent, b) trading but struggling financially... Read more...
A directorship is an exciting role, a privilege and a chance to demonstrate leadership. But directors must also prepare to... Read more...
In this guide we’ll explain how SEIS and EIS loss relief works if a company you invest in becomes insolvent... Read more...
Understanding how to liquidate a company with no money can be complex – and daunting – for any business owner.... Read more...
A company’s Statement of Affairs is a detailed overview of its financial position, required for several different types of formal... Read more...
For a company in debt threatened with an enforcement notice, it’s important to explore the different viable business recovery options... Read more...
If your company is struggling financially, it helps to have a broad understanding of the different business recovery options that... Read more...
Fiduciary duties are the responsibilities that directors owe to their companies and all connected to them – customers, partners, shareholders... Read more...
In this guide we’ll explain the benefits of running a business as a private company limited by shares – including... Read more...
Antecedent transactions are ones that occurred prior to a company beginning formal corporate insolvency proceedings. Specifically, they are transactions that... Read more...
Restructuring plans are a relatively recent inclusion to the restructuring market. They were introduced back in 2020 under the Corporate... Read more...
If you’re not sure what a company limited by guarantee is or what happens when it is insolvent, you’ve come... Read more...
Company restoration after the directors or other parties dissolved it is certainly doable, but not always straightforward. In this guide... Read more...
There are lots of reasons to change the company name but people often ask us if you can do it... Read more...
Looking to understand the TUPE meaning, transfer rules and implications during a company insolvency? We’ll run through what you need... Read more...
Contingent liabilities are an important – but often complicated – part of business and accounting. In this article, we explain contingent... Read more...
If your company needs to restructure debt but directors want to continue trading, you may be considering a scheme of... Read more...
We’ve mentioned it many times before on our blog, but what is the Insolvency Act 1986 exactly? It’s legislation that... Read more...
Secured loans or unsecured loans are crucial for many businesses, providing the investment they need to achieve their objectives and... Read more...
If you’re struggling with personal debt, you may be searching online for ‘debt relief order UK’ looking for a solution... Read more...
The Commercial Rent Arrears Recovery (CRAR) measures can let landlords take control of a business’ goods if it is behind... Read more...
In this guide we explore HMRC debt management and collection, including the options if your business is struggling to make... Read more...
If you’re struggling to pay off your Bounce Back Loan, you may have lots of questions about what will happen... Read more...
Chances are, you’ve googled, “When a company goes into liquidation, who gets paid first?”. And thankfully, you’ve landed on this... Read more...
Hudson Weir is proud to have helped rescue a much-loved cycling brand - saving all employee contracts over the Festive... Read more...
Being in debt isn’t just a financial drain. It can cause personal and emotional stress too. As qualified Insolvency Practitioners,... Read more...
In recent articles, we’ve covered insolvency in great detail, but what is bankruptcy and is it any different? The bankruptcy... Read more...
When trying to tackle major debts, a company may opt to go into administration in order to manage the journey... Read more...
There’s no other way to put it. Bad debts are bad news. As a team of experienced insolvency practitioners, Chartered... Read more...
If you’re looking for information on limited liability partnerships (LLPs), you’re in the right place. Our team of highly qualified... Read more...
Money makes the world go round. And personal guarantees are an important part of keeping the money flowing between lenders... Read more...
If you’re planning on giving up your directorship of a limited company, while also cautiously noting the business’ financial situation,... Read more...
If you’re thinking about entering into an individual voluntary arrangement, you’ll likely have many questions including ‘how long does an... Read more...
You might know what a distribution in specie is, but what is a dividend in specie? Sometimes, the term ‘in... Read more...
We’re often asked here at Hudson Weir, “what is personal insolvency?”. There are often misconceptions when it comes to insolvency... Read more...
Insolvency can be an extremely challenging situation for an individual, both financially and emotionally. While there are steps one can... Read more...
If you want or need to know how to declare bankruptcy in England, we can walk you through the process... Read more...
There’s lots to do when closing a business - while it’s not the first thing you’ll think of, it’s vital... Read more...
We recently wrote an in-depth guide on receiving a county court judgement and in this article we’ll answer a common... Read more...
In 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, why are they issued and how should you respond? If you or your business receives one,... Read more...
While preference shares are much less common than ordinary shares, they have some clear advantages. One of these advantages takes... Read more...
In this article we’ll look at how to resign as a company director. There’s more than one reason why you... Read more...
If you’re looking for information about what an official receiver does in insolvency procedures, we’ve put together this short summary.... Read more...
If you’re wondering ‘what is a winding up petition?’, then this short guide will help. A winding up petition is... Read more...
Have you ever wondered: what is a management buyout exactly? For some companies, a management buyout is an attractive solution... Read more...
Unfit conduct can result in director disqualification for up to 15 years. It’s vital for directors to understand their legal... Read more...
Receiving a high court writ can be a difficult situation to resolve, but there are several options available. Let’s look... Read more...
Has your company ever used an employee benefit trust, also known as an EBT? Have you, or has your company,... Read more...
Liquidating a company can be tough - but it is something many business owners have had to face. Sometimes, it... Read more...
There are all sorts of ways to sell a business. One option is to sell it as a going concern... Read more...
A trade sale is a term used to describe the sale of a business, usually to another company in the... Read more...
Cash flow is always a crucial consideration when running any size of business. There are multiple financing options out there... Read more...
Closing a limited company can be stressful for lots of reasons - and the paperwork can feel overwhelming, particularly if... Read more...
Director’s loan accounts are commonly used in business - and they're not about financing a holiday or new car with... Read more...
Capital Gains Tax is an area of confusion for millions of people, with an array of tax reliefs, rates, eligibility... Read more...
If served with a County Court Judgement (CCJ), your business is facing a serious threat – one that can be... Read more...
Floating charges, fixed charges and understanding the differences between the two are important for anyone involved in running a business... Read more...
Running a business isn’t easy, and there are lots of reasons why they might run into difficulties. At Hudson Weir,... Read more...
Whether you’re a contractor running your own operation, or an owner of a bigger business, there are many reasons why... Read more...
A debenture is a type of loan agreement used in business finance. In this article we’ll explore what a debenture... Read more...
At Hudson Weir, we are first and foremost businesspeople. We recognise just how challenging it is to get your company... Read more...
Misfeasance is closely linked to wrongful trading, and similarly carries serious consequences for implicated directors. At Hudson Weir, we have... Read more...
Thinking about closing a limited company? There are several different routes you can take - and the one you choose... Read more...
See the infographic below to discover UK residents’ happiness working from home, divided by region and industry If you're interested... Read more...
Outside 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 can cause serious issues for businesses if left unresolved, and can even lead to company failure. In... Read more...
A 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? If you run a small business or are thinking of starting one, you may well be... Read more...
An insolvent estate occurs when a person dies owing debts greater than the total value of their assets. Dealing with... Read more...
Without knowledge and expertise, insolvency can have a serious impact on a company, its directors and even its shadow directors.... Read more...
Pre pack administration is a formal procedure that enables an insolvent company to sell its assets to the existing directors,... Read more...
As expert insolvency practitioners, the team at Hudson Weir are well-placed to identify wrongful trading in your business. Even experienced... Read more...
You may be aware of companies being voluntarily struck off but in this article we’ll look at what a compulsory... Read more...
If you’ve received a statutory demand and aren’t sure what to do next, you’ve come to the right place. In... Read more...
If you’re considering an IVA but are worried about being on the IVA register, you’re not alone. More and more... Read more...
If you have a county court judgment (CCJ), you may have heard of a warrant of control - or you... Read more...
Hudson Weir are excited to announce the opening of our second office on Tottenham Court Road in central London. As... Read more...
If your company is facing insolvency, as a company director you may be wondering when you could have personal liability... Read more...
Given the current economic impact caused by Covid-19, it is important that you understand what your duties are as a... Read more...
From our discussions with directors, we understand that navigating the technical jargon and comparing key features of the different types... Read more...
Considering placing a company into liquidation? During the current climate where businesses have been forced to shut down with certain... Read more...
At Hudson Weir, we pride ourselves on our dedicated team of insolvency practitioners – but what IS an insolvency practitioner? ... Read more...
If you’ve been made redundant, then you may be wondering how to make a redundancy claim. As an employee, your... Read more...
Business rescue options may be on many company directors’ minds during these unprecedented times. It is undeniable that the business... Read more...
If you’re a company director, you may have heard the term 'preference payments' used in relation to insolvency. In this... Read more...
If you’re looking for Coronavirus business support, you’re not alone – and we’re here to help. The novel COVID-19 coronavirus... Read more...
If your company is struggling, it’s wise to turn to an insolvency practitioner. But what is an insolvency practitioner? And... Read more...
The prospect of an insolvent company is something you may worry about as a director – and you’re not alone.... Read more...
When 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...
So you think your company could be insolvent? You may have experienced times of financial uncertainty, but in this economic... Read more...
Wondering 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? It’s a question we often get asked. CVL stands for Creditors’... Read more...
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Hudson Weir are an established firm of Insolvency Practitioners who specialise in business recovery and corporate financial solutions.
Hudson Weir provides industry leading, nationwide services for its clients with the intention of easing financial pressures and providing recovery strategies for struggling businesses.
Hudson Weir Ltd (Company number 09477593) is a company registered in England and Wales.
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