An overdrawn director’s loan account can create personal liability during liquidation. This guide explains how it’s treated, tax implications under section 455, set-off options, and steps to minimise risk before a CVL.

A Company Voluntary Arrangement (CVA) and a Time to Pay (TTP) arrangement with HMRC are both mechanisms to help a business manage debt, but they differ significantly in scope, formality, and impact.

A Manchester company has been shut down for acting as a front for unlicensed insolvency work, underscoring the need for businesses to use licensed professionals like Parker Walsh’s Molly Monks.

At first glance, you might be tempted to place your trust in Reggie, our ever-diligent Security Dog. He cuts quite the figure in his suit - attentive, loyal, and undeniably charming. But while Reggie is excellent at keeping the office safe and welcoming visitors, financial and insolvency advice requires a very different skill set.

Information Parker Walsh needs for a Members’ Voluntary Liquidation: director and shareholder details, bank accounts, directors’ loans, HMRC references, and remaining assets, enabling an efficient, compliant MVL via a questionnaire.

Strike off is a low-cost route to close a UK company when fully solvent. Confirm eligibility, manage risks, notify stakeholders, settle liabilities, handle assets carefully, file DS01, and monitor Gazette notices.

UK businesses face higher costs this October as Ofgem raises the energy price cap. Parker Walsh highlights challenges for firms, from squeezed margins to efficiency strategies, amid ongoing market volatility.

Licensed insolvency practitioner Molly Monks supports directors with clear, professional guidance, dispelling myths, ensuring legal compliance, and delivering practical solutions to restructure, stabilise, or manage company closure with integrity.