Insolvency Toolkit for Directors

Published on : 2nd August, 2017 | Updated on : 4th October, 2023

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Guides

Worried about your business? Concerned it may be failing? Need help fast but don’t want to meet anybody face to face yet? Get all of our best guides and expert advice on one USB Drive FREE!

This toolkit is available as a discreet USB device ( we do not mention insolvency on the drive itself ). You do not need to be connected to the internet to read all the guides to your options.

What does it cover?

The tests for insolvency
Establishing if your business is viable.
How to ask for time to pay your debts to HMRC
Extensive guides on pre pack administrations, liquidation, company voluntary arrangements.
A guide to all the legal actions that creditors might take and the issue of personal liability.
What is an overdrawn directors account and why does it matter.
How to raise finance to ease cashflow pressure.
Your duties as a director of an insolvent company.

Just plug in the drive and you can easily navigate to all the menus.

The USB drive also includes

Dissolution programme with all the letter templates and resolutions.
A time to pay programme with all the letters and information needed to ask HMRC for more time to pay VAT/PAYE
Daily cashflow spreadsheet to help you budget.

Order your free toolkit and start taking action to save your business now. Please email robertm@ksagroup.co.uk to receive your complementary copy in the post.

You can also request our FREE 80-page guide for worried directors here. We answer any questions you may have and provide detailed explanations on several insolvency issues.

River Island To Restructure To Avoid Going Bust – Stores To Close

20th June, 2025 in A guide for redundant employees in administration or insolvency situations Retail

According to reports, River Island becomes the latest retailer to look at Restructuring Plan as a way to avoid going bust. Just after th Covid Pandemic it was considering a Company Voluntary Arrangement (CVA). A Restructuring Plan binds all creditors not just the unsecured ones. It is similar to a Scheme of Arrangement and is governed by the Companies Act 2006. Creditors will vote and the scheme has to be approved by the court. In a restructuring plan dissenting voters can be forced to accept the plan under what is known as a cross-class cramdown.Hundreds of jobs may go and some 33 stores are likely to close. If you are worried about redundancy then we have this guide pageNegotiations with landlords may see further stores close. More soon

Read

River Island To Restructure To Avoid Going Bust – Stores To Close

How Can I Legally Take Money Out Of My Limited Company? How Long Does It Take To Liquidate A Company? Can I Claim Directors Redundancy in Liquidation? Why Directors Delay Getting Advice Rent Reductions in a CVA Company Rescue Businesses for Sale – Assets for disposal

Insolvency Toolkit for Directors

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