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“Grace Period” Proposal to Protect Struggling Companies

“Grace Period” Proposal to Protect Struggling Companies

Insolvency trade body R3 has proposed the introduction of a 21 day moratorium for struggling companies to provide Directors with a chance to try and rescue their business. There are already many available options for businesses when they are struggling, such as CVAs and Business Turnaround Advice. There are

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Re-use of Company Names

Re-use of Company Names

One question we are regularly asked by our clients is if a new Company can have a similar name to an old Company. This question tends to crop up where an old business is placed into liquidation and a new company is formed. The law around the

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Why does the tax year run from 6 April?

Most of the world quite sensibly uses 1 January to be the start of their tax year. The UK, ever keen to be different, uses 6 April. So why does the tax year run from 6 April? For over 1600 years, the UK used the Julian calendar,

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Changes to the Bankruptcy Application Process

From today’s date (6 April 2016), there will be vast changes in the way that individuals can apply for bankruptcy by moving the application process to online-only. The old process usually involved applicants completing two forms, one of which was 29 pages long, and submitting these in

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