Notice: Information about Vivat Direct Limited, t/a Reader's Digest
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.
Dissolution is designed for solvent companies. The company must settle all its debts before dissolving. It is unsuitable for insolvent companies.
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Yes, HMRC can investigate and chase dissolved companies if they have outstanding tax debts when they are struck off from the register at Companies House.
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If you resign as a company director, you are not automatically liable for that company’s debts. Directors have limited liability protection.
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When a company is operating as ‘going concern’, it indicates that the company can continue trading without the threat of insolvency and is unlikely to enter liquidation in the next financial year.
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A CBILS loan is treated the same as any other unsecured debt, up to the value of £250,000, and are not a liability to the director as the debt belongs to the company.
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In February 2021, the Supreme Court ruled that UK-based Uber drivers were workers rather than self-employed, altering the company’s tax obligations.
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