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 […]

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: […]

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 […]