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Our useful guides if you think your company is at risk


Company Voluntary Arrangement or CVA

What is a company voluntary arrangement? How does it work? Can I cut costs dramatically in a CVA?

Read our 120 page guide

Creditors Voluntary Liquidation or CVL

What is a creditors voluntary liquidation ? How does it work? How can I close the company and avoid personal liability?

Read our 82 page guide


What are the Warning signs?

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Is this your company?
If you can recognise too many of the following signs then it is likely that your business is probably under pressure, at risk, or it could be be insolvent. Look through these signs, print off this page and tick those that apply. If you get an uncomfortable feeling that these warning signs are familiar - follow the guides on how to use this site. If you are concerned make sure you have read Is My Company Insolvent? 

Dealing with Creditors Legal actions

Here you will find legal actions described - hopefully understandably.

This is not a legal lesson or is it comprehensive - rather it is intended to guide you through the maze of actions that a creditor can take against the company. There are some practical tips on what to do when these actions occur.

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A Banks View

Did you know that banks use sophisticated computer programmes to highlight badly performing accounts? So they will be keeping an eye on the business performance well before you highlight any problems to them.

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Directors disqualification

A straightforward guide to the Company Directors Disqualification Act 1986 (CDDA). This is a difficult subject matter but a vitally important one for every director to consider when reviewing the company's insolvency and how they have acted. 

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Directors' Do's & Don'ts

This is not a complete guide to the actions you should and should not take but will hopefully guide you through this very difficult time. There is one golden rule - If an action or step seems wrong or smells wrong - it generally is!

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Establish Your Objectives

Now that you have read how to use the site and establishing insolvency we hope that you agree that it is best to establish just what your business and personal objectives are? 

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A Guide to Your Options

Having established the company's position and your personal and business objectives you are now ready to consider the options available. Consider each carefully and examine the relevance to your business and its circumstances.

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Creditors' Rights Explained

When dealing with insolvent situations you MUST maximise the interests of the Creditors! This is the basis of the insolvency law in the UK.

If you do not, you may face personal liability!

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Investigating accountants

Our guide to the question of protecting the company with an informal or formal moratorium. (Technical guide).

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Redundant Employee?

This can be a real shock to you and we know that many people get very little help from the receiver or administrator. So read our guide for employees

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Debt Collecting

My debtors are slow, or won't pay me, how do I improve debtor collection? By reading this page you will hopefully improve your own debtor collection. See the late payment excuses below for good replies to the "cheque's in the post" excuses! 

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How to use this site

Check to see if you are insolvent by looking at our insolvency test page, look at the options and then decide appropriate action View Now

Wrongful Trading

Is the company insolvent? If yes then the directors must act properly and responsibly. If they do not act properly or the way any reasonable person would have acted, then this may possibly be seen as acting wrongfully or trading whilst insolvent.

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PAYE & VAT Arrears

If your business has tax problems, like arrears of PAYE and VAT then the company is probably insolvent! You must act to do something about these problems and this guide will show you how.

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Directors Overdrawn Current Accounts

Usually if a company is making some profits and your accountants advise you to save tax by paying your directors a small salary and then you take dividends from the reserves of profits made in the past and current years. SO off you go taking money out of the business as instructed.
THEN something goes wrong!

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