Knowledge Hub

Value Added Tax (VAT) is one of the most important obligations for UK businesses. Whether you’re a sole trader or a limited company, not paying

Running a limited company in the UK comes with many responsibilities, but one of its core benefits is limited liability. This generally protects directors and

The Bounce Back Loan Scheme in Context During the height of the COVID-19 pandemic, the UK government launched the Bounce Back Loan Scheme (BBLS) to

For many UK company directors, the thought of their business failing is daunting enough—but the possibility of losing a personal asset like their home adds

When a company faces insolvency, directors are often left with difficult decisions, including whether to enter liquidation. A common concern that arises is whether a

When a business faces financial difficulties and cannot pay its debts, liquidation becomes a necessary step to wind down operations. If you’re considering liquidating your

When financial problems start to mount, whether for an individual or a business, it can feel overwhelming. Insolvency is a term many people have heard

The Insolvency Rules 2016 represent a significant overhaul of the UK’s insolvency framework, streamlining and modernising procedures to reflect contemporary business practices. These rules replaced

What Is a Bailiff and Why Might They Visit? In the UK, a bailiff—now officially referred to as an enforcement agent—is someone authorised to collect

Understanding the difference between insolvency and bankruptcy is essential for individuals and businesses facing financial difficulties. While these terms are often used interchangeably, they have

When a company cant pay debts, it can face serious financial and legal consequences. Whether due to declining sales, rising costs, or poor financial management,

The CVA process is something that we get asked about often here at Company Insolvency Advice. A Company Voluntary Arrangement (CVA) is a legally binding