How much does an administration cost?
| 04-08-2021Administration is a process available to insolvent companies, as it's restructured, or parts of the business are sold. But what's the cost of an administration?
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Take a look through the latest in-depth industry news as well as a range of features, insights and advice across a variety of different financial topics. Have a browse through our guides and web pages, so you can get an idea about what options might be possible and most helpful in your situation.
I need to close my company due to Coronavirus (COVID-19)
| 21-07-2021“What can you do if you need to close your company due to coronavirus? Depending on your circumstances, the company may have several options.”
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Do assets belong to me personally or my company?
| 14-07-2021Within a limited company, anything that is bought by the company belongs to the company and anything bought by you, the director, belongs to you personally.
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Can I walk away from a limited company with debts?
|While there are options that allow companies to recover from their debts, can you walk away from a limited company with debts?
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Can I continue to be a company director after liquidating an insolvent company?
| 09-07-2021Yes, you can be a director after an insolvent company closes and are free to start a new limited company, provided there been no reason for disqualification.
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Can I liquidate a company myself?
|You can’t formally liquidate a company yourself. It must be carried out by a licensed insolvency practitioner. To liquidate your company, speak to us.
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