The re-use of company names following insolvent liquidation
A lot has been written about companies that close their doors one day, dump their debt and start up trading under a new vehicle the next day. So much so that legislation was introduced to kerb the abuse of this,…
read moreTrading whilst Insolvent. The Directors position.
Trading a company whilst knowingly insolvent (known in the industry as wrongful trading) can have extremely serious financial implications for any officers of that company. If this wasn’t bad enough, additional penalties for any officer found guilty, can include fines…
read moreWhy is the Retail Industry facing decline?
The pressures of running a modern retail operation are strenuous at the best of times, but in the current financial climate it can be like walking a tightrope. Consumer spending has altered dramatically over the last year or so, with…
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