Welcome to TG News – we hope that you find This News Channel interesting, informative and a temptation to collaborate.
This is not where you will find the general insolvency news, that’s in our SME News section. This is where you will find titbits of breaking news that is released as it breaks – and not all of it relevant to the Insolvency Industry!
Breaking news on Company Voluntary arrangements – CVAs, Prepacks, Winding up Petitions, Adjournments of winding up petitions, voluntary liquidations will always be a key feature.
- Don’t Close a Limited Company – Empty It! (12/23/2015) - HMRC are not so bothered about whether they close a limited company or not if they owe back taxes. They couldn’t really care less now that they know that there are better ways to get their money. The number of winding up petitions that HMRC now issue is down on last year. Barristers defending winding […]
- Business Cash Flow Problems (10/7/2015) - Business cash flow problems are a constant worry for many businesses across the UK. The results from a recent survey carried out to find the best action film sequel of all time has just been announced. Much to the delight of many Indie fans it was the “Last Crusade”. This survey illustrates how business cash […]
- CVAs Stop Juggling (12/19/2014) - Company Voluntary Arrangements, known as CVAs are coming into their own. Even the Insolvency Companies that deal with large insolvencies have realised this fact. Baker Tilly is quoted as saying, “The Company Voluntary Arrangement (CVA) is a much maligned process and yet in the right circumstances, it can and should be the insolvency process of […]
- Dump it with a Pre Pack Administration (11/10/2014) - A Pre Pack Administration is as as organised as one of Jack Black’s films. But unlike the mess that Jack often gets into, a Pre pack by its very nature, is sorted before it’s started! A Pre pack administration is the athletic product of all insolvency procedures – It’s lean and mean as it dumps […]
- VAT Arrears go flat (11/7/2013) - We can see how the proposed 20% tax on sugary soft drinks won’t help retailers cope with VAT arrears! It seems that someone has worked out that by putting a tax levy of 20% on soft drinks it will reduce the overweight adult population by 285,000. According to extremely reliable information gathered from a recent […]
- HMRC Winding up Petition (10/31/2013) - With Halloween fast approaching many directors are facing their own nightmare in the form of an HMRC winding up petition, the sound of the court paperwork dropping on the mat sends a shiver down the spine of hardened businessmen everywhere. Unbelievably it’s 35 years since John Carpenter’s iconic film hit the silver screens, apparently the […]
- HMRC Bailiffs are diamonds (10/21/2013) - If you have HMRC bailiffs knocking at your door then the last thing you would be thinking of would be space travel, yet scientists have discovered that ‘rain’ falling on Saturn and Jupiter could actually be diamonds! Obviously nipping off to one of the giant planets to scoop up a few of the precious rocks […]
- Company Insolvency Advice for over 18’s (10/18/2013) - The number of driving instructors seeking company insolvency advice could increase now the Government is considering raising the age you can apply for a full driving license to 18. The many potential pupils will simply defer their lessons for a year which will add to the burden of the impoverished driving instructor. Rising costs of […]
- Business Going Bankrupt (10/17/2013) - Is your business going bankrupt? Do you make spoons? If so you may want to talk to Uri Geller. The enigmatic manipulator of spoons has just commissioned a 12 foot tall gorilla sculpture to be made from 5,000 spoons which he will proudly display in his garden. To be fair, it’s his hard earned money […]
- Government Business Debt Help (10/10/2013) - George Osborne announces a business debt help scheme, now that would make a headline worth reading. What he really wants is the long term unemployed to work for their money, maybe do a little litter picking and the like. To most of us that would seem sensible, but maybe George should concentrate on giving business […]
- Company Voluntary Arrangement CVA (9/18/2013) - Go onto any industrial Estate and there will be at least one company that needs a Company Voluntary Arrangement – CVA. This is without question. The problem is that many directors are not aware of such a Government scheme that can write off debt, including HMRC debt. A Company Voluntary Arrangement – CVA is the […]
- Close Down a Limited Company (9/7/2013) - If you want to close down a limited company then the chances are that you have a multitude of creditors demanding payment from you. HMRC may be threatening you with a winding up petition and bailiffs may be visiting your company more than customers. This was about to happen recently with the insolvency/accountancy firm RMS […]
- Insolvency Service goes for growth (8/24/2013) - According to figures released form the Insolvency Service, there are, on average in a month, nearly four times as many Administrations as there are Company Voluntary Arrangements – 207 against 53. There are nearly twenty times as many creditors voluntary liquidations as the are Company Voluntary Arrangements. It is very easy to lose these figures […]
- HMRC Bailiffs (8/21/2013) - It’s Usain Bolt’s birthday today. He was born in 1986 in Jamaica and looks like Richard Branson. Being a great runner has it’s uses such as the ability to run away from HMRC Bailiffs as well as collecting loads of medals. HMRC have moved their position on debt collection, from issuing winding up petitions to […]
- Company rescue all at sea (8/17/2013) - A company rescue is on the cards for De Niro’s production company by supporting a new film for the Birthday boy who was born in 1943 and is to reunite with 64 year old Meryl Streep in a new film called The Good House. The most successful film that they both starred in was The […]
- Dark Secrets of Corporate Insolvency (8/3/2013) - Corporate Insolvency has become part of everyone’s lives since the collapse of Lehman Brothers in the States. We are paying the price for the banking industry’s greed and thievery. Tony Bennett, the undisputed king of Jazz, whose Birthday it is today, was born in 1926 before the big crash of 1929. Now that was a […]
- Company Debt Problems rot your assets (7/27/2013) - Company debt problems are the scourge of the SME sector of British business and have been increasing since the 2008 financial meltdown. Every major country is tightening their grip on financial controls, including the G20 agreement on Tax Avoidance. Full agreement has been reached on information sharing and Big Brother has really come of age. […]
- You don’t know What is a CVA? (7/24/2013) - What is a Cva – these are often the words uttered by some creditors that receive a bundle of papers through the post, instead of a cheque. Quite often, a few accountants are heard to ask the very same question. A cva is a Company Voluntary Arrangement, of which there are about 800 done every […]
- Closing down a Limited Company (7/17/2013) - Closing down a limited company is not something that any director would look forward to. Apparently, the number of UK firms experiencing “critical problems” fell by 34% in the first quarter of 2013, compared with the previous year. Over the same period, the wider UK economy grew 0.3% according to official data. This should mean […]
- Winding up Petition (7/10/2013) - It is strange how attitudes change over time. A call to use legal action against Greenpeace used to be always in the papers. Then France sunk the ship, Rainbow Warrior in 1985 in Auckland Harbour to prevent Greenpeace from disrupting French Nuclear testing in French Polynesia. Now Nuclear testing is the bad guy and we […]