A winding up petition is a serious warning sign that can quickly lead to compulsory liquidation if ignored. This article explains what a petition means, what happens if the Court makes a winding up order, and why early professional advice is crucial to protecting control and exploring alternative options.

When a company becomes insolvent, directors still have clear legal duties. This article highlights the importance of protecting company funds, avoiding preference payments, and seeking early advice from a licensed insolvency practitioner to reduce personal risk and ensure a compliant liquidation process.

Minimum wage increases from April 2026 will raise staffing costs for many businesses, particularly those employing younger or lower-paid workers, placing pressure on margins, recruitment decisions and long-term workforce planning.

Rising costs are squeezing businesses, but proactive planning around rates, staffing, cash flow and structure can protect profitability and help owners stay resilient in a challenging economic climate.

Business rates reform from April 2026 introduces permanent relief for hospitality and leisure businesses, but careful planning is essential to manage revaluation impacts and rising operational pressures.

Molly’s achievement as a Fellow of the IPA strengthens Parker Walsh by enhancing our expertise, credibility and leadership, giving clients even greater confidence in the high quality insolvency advice and support we provide.

Cooperating fully in a liquidation is vital. Transparency prevents delays, investigations and personal risk. Hiding information only worsens matters, while honesty helps insolvency practitioners achieve the best outcome for everyone involved.

An MVL offers directors a clean, tax-efficient way to close a solvent company. With 2026 bringing tighter HMRC scrutiny, careful preparation, clear documentation, and expert guidance help ensure a smooth, compliant process.