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?

A guide to recognising financial distress early and taking proactive steps.

Preferential creditors, such as employees and HMRC, are paid before non-preferential creditors in insolvency, meaning they have a higher chance of recovering their debts.

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.

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.