When companies are struggling to pay their debts and cashflow is tight, they often have a range of concerns and questions. I have helped hundreds of directors; these are the most common questions I get asked.

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.

When contemplating the closure of a company, many directors wonder about the feasibility of striking off a company with an outstanding Bounce Back Loan (BBL). Understanding the legal and financial implications is essential for making an informed decision.

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.

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.

Is it possible to liquidate a limited company and open a new one? Yes, it is, but it's essential to consider legal, financial, and practical implications.

In the wake of economic uncertainties, the UK government introduced Bounce Back Loans (BBLs) as a lifeline for struggling businesses during the COVID-19 pandemic. However, companies are now facing difficulties in repaying the bounce back loans.