Are Dividends Illegal In The Run Up To Insolvency?
The short answer is yes – you can only normally pay dividends from distributable reserves (money left over after settling all costs and which the business can afford to pay). However in a recent case of Global Corporate Ltd v Hale (2017) the judge decided that what the director thought was dividends could be treated […]
Devon Live look to Kirks Insolvency for explanations to increased business closures throughout the city centre
Following a number of recent business and store closures throughout Devon and the Exeter City centre, popular news source Devon Live decided to meet with David Kirk to discuss the issues facing the region and what may be behind the worrying trend. Throughout the last 12 months, there has been a noticeable increase in businesses […]