What to do if you receive a winding up petition from HMRC

David Kirk’s latest article published in the London Gazette can be found here: https://www.thegazette.co.uk/all-notices/content/103773. If you have failed to pay arrears and/or have missed payments, HMRC can apply to the courts to have your company wound up to recover debts. Chartered accountant and licensed insolvency practitioner, David Kirk explains what to do if you receive […]

We are the No 1 Insolvency Practice in Bristol

Kirks Insolvency Bristol Insolytics Award

Kirks were ranked as the top insolvency firm by case volume in the year to 31st December 2018 in Bristol. This was by Insolytics a national insolvency data monitoring firm. Kirks opened a Bristol office at Pure Offices in Portishead two years ago and has acted as liquidators and Administrators on several large cases since […]

Poole-based insolvency firm, Kirks, appoint leading expert

Poole-based Insolvency firm, Kirks, has appointed a leading insolvency expert to manage the Poole office. Scott Kippax has specialised in insolvency, recovery and turnaround situations for the last 20 years. His appointment will mean that Poole and Bournemouth based businesses facing financial difficulty will have the support of a local-company to offer the best advice […]

Accelerated Payment Notices (APN) – What They Mean For You

Unpaid tax: accelerated payment notices If H M Revenue and Customs believe you have been involved in reducing your tax bill using a tax avoidance scheme they can serve an Accelerated Payment Notice (APN) on you. This gives you just 90 days to pay the tax due on the notice and replaces any previous payment […]

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 […]

Members Voluntary Liquidation: A step by step process

We’ve put a handy guide together to help directors who may be thinking about a Members Voluntary Liquidation (MVL) gain a simple overview of the processes involved. If you’re unsure about what exactly an MVL is, read what is an MVL? first. Day 1 First, we draft and send the following documents to the directors: […]

Alison Byrne, Licensed Insolvency Practitioner joins Kirks Insolvency in Bristol

We are pleased to announce that well-known local Insolvency Practitioner Alison Byrne is joining Kirks Insolvency to head up the Bristol office of Kirks. Alison took over the family firm Byrne Associates in the year 2000. Alison has of late been specialising in turnaround work and helping struggling businesses and charities avoid formal insolvency. Alison, […]

How fast can I liquidate a company under the new insolvency rules?

The answer is seven days. New insolvency rules came in on the 6th April 2017 which has changed the way companies go into liquidation. There is no longer a need for a physical creditors meeting unless 10% of creditors request it. From the 6th April 2017 the procedure to liquidate a company will be: Day […]

An easier time for directors under the new Insolvency Rules?

The Insolvency Rules 1986 are being replaced by the new Insolvency Rules 2016 that will come into effect on the 6th April 2017. The overall purpose is to reduce red tape, make communication with creditors easier (using the internet) and trying to make the whole process cheaper so as to increase the return to creditors. […]