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.

Early warning signs of financial distress require swift action. Parker Walsh offers expert, affordable insolvency advice, free initial consultations, and tailored strategies to help stabilise or close struggling businesses responsibly.

An overdrawn director’s loan account occurs when directors owe money to the company. Learn what it means, how it’s recovered, and what to do if you can’t pay.

UK businesses face mounting pressures from rising National Insurance, wage increases, and inflation. With operational costs soaring, many are struggling to survive. Early action and financial planning are crucial for stability.

As of April 2025, employer NICs have risen to 15%, increasing financial pressure on businesses. Parker Walsh offers solutions like restructuring, CVAs, and administration to help companies adapt without closing. Act now for support.

Independent second-hand stores are struggling due to online resale platforms, fast fashion, and rising costs. Parker Walsh offers expert insolvency support, helping business owners explore restructuring, debt management, or liquidation options.

Administration vs liquidation solutions and their pros and cons - which is best for your business?