How to “Liquidate” for £10

If the Company has no funds to pay for Liquidation the Directors can take steps to apply for the dissolution of the Company. This means an application is made to strike the company off for a fee of only £10. The following criteria must apply for a striking off: • The Company must have ceased […]

New Kirks Insolvency Hereford office opens

We are pleased to announce the opening of our new Hereford office. The office is situated at the Rural Enterprise Centre off Vincent Carey Road just south of Hereford city centre. The office is run by Wendy George who has worked in the insolvency profession for many years locally and recently passed her insolvency exams […]

Will Brexit increase insolvencies?

As a Liquidator of businesses and a Licensed Insolvency Practitioner I have had a number of people say to me today that “I bet you are going to be busy now”. Unfortunately I think that is correct although there is no logical reason why businesses cannot carry on as normal in the short term as […]

Will the Brexit Decision Tip Companies Into Insolvency?

In my opinion, the Brexit will without a doubt tip companies into insolvency. An actual exit from the EU would cause substantial economic disruption to the UK economy for some time. There would be uncertainty in terms of any business that exports or imports from the EU until new rules and international trade agreements were […]

Time is running out to use a Members Voluntary Liquidation…

The tax rules change on the 6th April 2016 restricting what HM Revenue and Customs call ‘phoenixing’ of a business. From then on anyone restarting a similar business within two years of liquidating a previous one and claiming Entrepreneurs Relief (“ER”) will be back taxed on the distribution as income tax. It has always been […]

The Government Pension Protection Fund – Guidance For Insolvency Practitioners

The government Pension Protection Fund (“PPF”) has issued guidance to insolvency practitioners when acting as administrator in a pre-pack from 1st July 2015. Normally, the person who was the administrator becomes the subsequently appointed liquidator. In essence, the PPF may look to have the proposed appointed liquidator or supervisor of a Company Voluntary Arrangement replaced […]

Insolvency Statistics: October – December 2015

I am a Licensed Insolvency Practitioner which means I act as the Liquidator to companies or as a Trustee in Bankruptcy to individuals who become bankrupt. Probably the most common question I am asked is ‘are we coming out of recession’? Well the answer is clearly yes. The statistics just released by the Insolvency Service […]