Thousands of first-time investors who lost their savings through London Capital & Finance (LCF) have been told they are unlikely to receive compensation. Nearly 12,000 customers invested more than £236m in total into the high-risk bond scheme before LCF collapsed in January. As reported by the BBC, the scheme was marketing as...
Is Moss Bros ‘Out of Fashion’?
Article by Laura Walshe of The Business Debt Advisor Moss Bros Group PLC was originally founded in 1851 in London. The company has previously been one of the UK’s top menswear outlets, specialising in menswear for formal occasions, and currently ranked in the Top 50 of the IRUK Top 500 (Internet...
Making Tax Digital – Is Your Business Prepared?
Article by Laura Walshe of The Business Debt Advisor Making Tax Digital is part of government plans to make it easier for individuals and businesses to get their tax liabilities correct and keep on top of their affairs. The initiative will implement fundamental changes to the way the current tax system...
What’s the use of limited liability for directors?
By Bev Budsworth of The Business Debt Advisor and Joss Dicks of Personal Guarantee The benefit of trading through a limited company or limited liability partnership has been seriously eroded over the years. It used to be just the banks that asked for personal guarantees, but over the years, requesting...
Dissolution Vs Liquidation Made Simple
Article by Laura Walshe of The Business Debt Advisor At the end of last year, there were over 4 million companies on the Companies House register, which included those in the process of dissolution and liquidation. From October to December 2018 alone, there were 158,841 incorporations and 112,121 dissolutions. Even with...
Business Survival – Tips on Driving Profitability
Article by Laura Walshe of The Business Debt Advisor Small and medium sized enterprises (SME’s) make up the majority of businesses operating within the UK. In 2018, there were 5.7 million private sector businesses operating within the UK, down by 27,000 compared to 2017. This is the first year-on-year fall in...