Although, it is a good idea to be prepared for your initial meeting with an Insolvency Practitioner; please don’t worry – my advice is free so there is no need to clock watch and if we don’t cover all your questions in the first meeting, you call or text me or set up another meeting.

When companies are struggling to pay their debts and cashflow is tight, they often have a range of concerns and questions. I have helped hundreds of directors; these are the most common questions I get asked.

‍On 20th October 2024, Molly will be participating in the Yorkshire Marathon in memory of her late father, Tim Noad, who tragically passed away in a road traffic collision five years ago. This year would have marked his 70th birthday, making this endeavour even more poignant.

The once-thriving financial advice network, Tenet Group, has fallen into administration, resulting in the loss of 95 jobs.

Liquidating a company is a complex process involving the winding up of its affairs, selling off assets, and settling debts. Directors and stakeholders need to understand the steps and considerations involved to navigate this challenging process effectively.

When contemplating the closure of a company, many directors wonder about the feasibility of striking off a company with an outstanding Bounce Back Loan (BBL). Understanding the legal and financial implications is essential for making an informed decision.

If you can't afford an insolvency practitioner, try voluntary strike-off, negotiating with creditors, or debt charities. However, an Insolvency Practitioner is ultimately valuable.

When a company is liquidated, directors' loans are scrutinised, and their treatment depends on whether the director owes money to the company or vice versa. Directors should manage these loans carefully to mitigate financial risks.

Mercian Cycles, a Derby-based bicycle manufacturer since 1946, is entering voluntary liquidation. Known for its bespoke, handcrafted bikes used by world-record-setting cyclists and global adventurers, the company's closure marks the end of an era for the iconic British brand.