Who gets paid first when a company goes into liquidation?
David Kirk’s latest article published in the London Gazette can be found here: https://www.thegazette.co.uk/insolvency/content/103900 What is the order in which creditors get paid when a company is insolvent? David Kirk, a chartered accountant and licensed Insolvency Practitioner at Kirks, explains who gets paid first during liquidations and administrations. Which creditors get paid first when a company…
What to do if you receive a winding up petition from HMRC
Read David Kirk’s latest article published in the London Gazette. 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 a winding up petition…
London Gazette Football article
I wrote an article about “What happens if a football club goes into Administration?” which was published in the London Gazette on the 4th June 2020 which you can view online.
We are the No 1 Insolvency Practice in Bristol
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…
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…
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,…
