Insolvency guides for
company directors
Clear explanations to help you organise the facts before making decisions about the company.
Practical guides for company directors
What to Do When Your Company Cannot Pay HMRC
Start with accurate tax balances, a short-term forecast and the stage of any enforcement action.
Liquidation or Administration: Understanding the Difference
Both are formal insolvency processes, but their objectives and practical effects differ.
A Director’s First Steps When Facing Creditor Pressure
Organise the demands, establish the cash position and get advice before pressure drives rushed decisions.
How Much Does Company Liquidation Cost? A Guide for Leeds Directors
Liquidation costs depend on the company, the procedure and the work involved. Ask for a written, case-specific explanation of fees and expenses.
Am I Personally Liable for My Limited Company’s Debts?
Directors are not normally personally responsible for limited company debts, but guarantees, money owed to the company and misconduct can change the position.
HMRC Has Refused Time to Pay: What Can My Company Do Next?
Clarify what HMRC has refused, review the company’s ability to pay and identify any enforcement deadline. A revised proposal is not automatically accepted.
Received a Winding-Up Petition? What Directors Should Do Next
Seek urgent legal and insolvency advice, identify the hearing date and preserve the papers. A petition is an application to the court, not a winding-up order.
Information and individual advice serve different purposes
These guides provide a starting point, not an assessment of a particular company. A court paper, urgent deadline or doubt about continued trading needs prompt professional attention.
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