An Administrator may be appointed by the company’s directors if the company finds itself in financial difficulty. Creditors such as a bank or finance house with a floating charge can also appoint an A [..]

An Administrator is a Licensed Insolvency Practitioner that controls a company and its assets while it is in Administration. https://www.wilsonfield.co.uk/company-administration/

At the Annual General Meeting (AGM) the company’s directors report on the past years activity and make trading forecasts. The company’s shareholders are given the opportunity to voice their opinions. [..]

UK registered companies are legally required to submit an annual return to Companies House. This must contain certain information about the company, including details of key personnel, the registered [..]

Arrears are debt repayments that have not been made on time. Once a debt has become overdue, legal action can be taken against you or your company to recover the money that is owed.

Assets are anything of value owned by the company. This can be tangible items such as property, vehicles, cash in hand or bank balances and shares. Assets also intangible such as Goodwill or intellect [..]

A term adopted in 2016 after David Cameron decided to have a referendum about Britain’s membership of the EU. It is an abbreviation of “British Exit” in the same way that the possible Greek Exit was r [..]

Bankruptcy is one of the insolvency options for individuals that cannot afford to repay their debts. It results in the loss of control of the individual’s assets. Bankrupt individuals are prohibited f [..]

A court order that makes an individual bankrupt. https://www.wilsonfield.co.uk/company-bankruptcy/

A bankruptcy restriction order is an order made against an individual to pay a percentage of their income to the Insolvency Practitioner appointed as ‘trustee’. The money received by the trustee will [..]