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.

To support directors during this challenging time, I ensure they have my direct contact details. I understand that questions and concerns can emerge outside regular working hours.

British online car retailer Cazoo, once valued at over £5bn, is entering into administration. The company has already cut over 700 jobs and is exploring a sale.

New checks introduced under the UK's Brexit trade agreement are expected to impose significant costs on businesses, with one company estimating expenses of up to £225,000 annually, according to its co-owner.

Ex-England and Liverpool player, John Barnes, banned from directorship for three-and-a-half years due to his company’s failure to pay over £190,000 in tax between 2018 and 2020.

Retail insolvencies have surged by nearly a fifth in the past year due to higher interest rates impacting debt-heavy British stores

In this article, we will delve into the different scenarios that may lead to the closure of a limited company and examine the implications on directors, focusing on personal liability and director's loans.