Secure Your Penny from Collapsed Companies Three years after its collapse in 2020, Philip Day’s Edinburgh Wollen Mill still hasn't paid a penny to their unsecured creditors, according to reports from administrators. The company’s unsecured creditors are owed £167 million but each was due to receive between £600,000 and £1.8 million. Sadly, it’s looking like they will never be paid back. visit: https://www.leading.uk.com/

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Save the Company from Insolvency by Appointing an Insolvency Practitioner. It seems that being the parents of the Princess of Wales is not enough to save your business from administration! Carole & Michael Middleton have sold their online party goods company to entrepreneur, James Sinclair, in a pre-pack administration deal after failing to save the company from insolvency and appointing an insolvency practitioner. visit: https://www.leading.uk.com/

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Why You May Need to Dissolve a Company in the United Kingdom There’s often some confusion between liquidation and dissolving a company; they are not the same thing. You can only dissolve a solvent-limited company, i.e. one without any debt. If the company is carrying debt, i.e. is insolvent, it has to be liquidated. Now we’ve clarified the two, how long does it take to dissolve a limited company in the UK and what’s the process? Visit - https://www.leading.uk.com/

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Are You Struggling with business debt? When you’re struggling with business debt or even on the verge of insolvency, liquidation may not always be the best solution. Our team of IPs also advises on business rescue

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David’s Bridal in the UK Bankruptcy Just hours after the US owner of David’s Bridal filed for bankruptcy, its UK branch filed for administration, closing its 4 UK stores. David’s Bridal in the UK last recorded an annual profit in 2018 and its latest figures showed a loss of £170,000 on revenues of £4.3m. Visit - https://www.leading.uk.com/

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Struggling to manage your personal debt? Leading can help you restructure your debts and take back control of your finances. By agreeing on an Individual Voluntary Arrangement (IVA) with your creditors and consolidating all your debt payments into one monthly sum that is manageable for you, it’s possible to avoid bankruptcy. Call our IVA experts today and start your journey back to financial health. Visit - https://www.leading.uk.com/ #LeadingUK

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Struggling to manage your personal debt? Leading can help you restructure your debts and take back control of your finances. By agreeing on an Individual Voluntary Arrangement (IVA) with your creditors and consolidating all your debt payments into one monthly sum that is manageable for you, it’s possible to avoid bankruptcy. Call our IVA experts today and start your journey back to financial health. Visit - https://www.leading.uk.com/ #LeadingUK

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ICAEW’s Probate Financial Report 2022 Survey Following ICAEW’s Probate Financial Report 2022 and last year’s probate monitoring visits, probate firms will need to have completed their 2023 Probate Diversity Survey

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Orchard Day Nursery Liquidation The sudden collapse of Orchard Day Nursery

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Want to close your solvent business? Whatever the reason for closing the company – retirement, new contract or the company is no longer needed – as long as the company is solvent

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Bounce Back Loan in the United Kingdom Fantastic to hear the news that the production company behind the Mamma Mia! musical and film adaptations, Littlestar Services, has filed pre-tax profits of £316,000 after the previous year’s £752,000 loss. It's always encouraging to hear of businesses bouncing back, especially in the current economy. Visit - https://www.leading.uk.com/ #LeadingUK

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Leading UK in case of Financial Difficulty Quickly and decisively — that's the best way to act when facing financial difficulties. Our team are here to ensure you understand all of the options available to you when it comes to insolvency and business rescue. You can trust us to do our best to help you succeed! Here at Leading, we offer: - Non-judgmental advice - Clear options - Transparent fee structure - Understanding team - Creative solutions - Decisive actions Visit our website to get in touch - https://www.leading.uk.com/

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Energy Bill Crisis in the United Kingdom The cost of living crisis continues for both households and businesses, but despite this the Government say households are unlikely to get extra support with energy bills from April. Energy bills for a typical household are set to rise from £2,500 to £3,000 a year, with the £400 discount on energy bills also due to end at the beginning of April. https://www.leading.uk.com/

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Should you be considering Personal Insolvency?

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Looking for information on how to start a CVA? A CVA is a contract between a company and its creditors to allow it to restructure its debt over a longer period of time, usually between 3 and 5 years. The company makes regular payments to the Supervisor (a Licensed Insolvency practitioner) who will distribute funds to creditors. The directors retain control of the company and its trade throughout the CVA. https://www.leading.uk.com/business-rescue/company-voluntary-arrangement/

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At Leading, our experienced team of restructuring professionals, led by a Licensed Insolvency Practitioner, are on hand to provide practical and intelligent Corporate Advisory, Restructuring, and Insolvency services. Our experts excel at identifying and implementing real-world solutions to complex challenges and are always focused on achieving the best outcome for you and your business. Get in touch via our website - www.leading.uk.com/company-closure/

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Times are hard right now and many individuals and businesses alike are struggling with unmanageable amounts of debt. Would you like to discuss ways of closing down your insolvent company? Our friendly team is here to help you. Our highly experienced professionals can give you free, confidential advice to help you see things clearer. Chat with us on 0800 246 1845. We have offices in Norwich, London, Borehamwood and Nottingham. https://www.leading.uk.com/

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If the estate's total value is greater than the total value of the debts, it is known as being solvent. This means there are sufficient funds available, so the Personal Representative can continue to administer the estate and liquidate (sell) the estate assets, pay the debts and distribute the remaining assets to the beneficiaries. Find out more by visiting our website - https://www.leading.uk.com/insolvent-probate

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A CVA at Leading UK can protect your business A CVA is a contract between a company and its creditors to allow it to restructure its debt over a longer period of time, usually between 3 and 5 years. The company makes regular payments to the Supervisor (a Licensed Insolvency practitioner), who will distribute funds to creditors. The directors retain control of the company and its trade throughout the CVA Head to our website to find out the process to obtain a CVA https://www.leading.uk.com/business-rescue/company-voluntary-arrangement/

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Do you want to close your company? After a free initial consultation with one of our experts, we'll explain all of the options to close your company, the process for each, the pros and cons, the cost, and most importantly, how it will make a real and positive difference to you. Call Leading UK today for FREE expert advice on 0800 2461845. Visit - https://www.leading.uk.com/ #CloseACompany #CompanyClosure #Business #UKBusiness #BusinessOwners

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Do you want to close your company? After a free initial consultation with one of our experts, we'll explain all of the options to close your company, the process for each, the pros and cons, the cost, and most importantly, how it will make a real and positive difference to you. Call Leading UK today for FREE expert advice at 0800 2461845. Visit - https://www.leading.uk.com/

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company voluntary arrangement in the United Kingdom A company voluntary arrangement (otherwise known as a CVA) is a formal insolvency process. This is where some kind of legal arrangement will be made between a company and the creditors to it is currently in debt. They usually span across 3 – 5 years, and it’s during this time that companies will make occasional payments (generally on a monthly basis) in order to slowly get rid of their debt. Over on our blog, you can read about the key considerations of a CVA - https://www.leading.uk.com/what-are-the-key-considerations-for-a-companys-voluntary-arrangements-in-the-uk/

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We know that making the decision to talk about your financial struggles is a hard step to take! Even though it's the weekend, don't delay getting in touch with us. Head to our site right now to send us a message, and we'll be in touch for a chat once we're back in the office. Visit - www.leading.uk.com/contact/

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Leading UK | Licensed Insolvency Practitioners — providing insolvency and business recovery solutions to companies and individuals throughout the UK. We always provide our customers with a free, no-obligation consultation, so you feel confident that you're able to discuss your options fully. Should you then choose to instruct us, we'll offer a flexible payment arrangement that enables you to get the assistance you require. Check our Services Here - https://www.leading.uk.com/liquidation-quotation/ #Administration #BusinessInsolvency #Insolvency #Liquidation #BusinessRescue

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Company Closure in the United Kingdom At Leading, our experienced team of restructuring professionals, led by a Licensed Insolvency Practitioner, are on hand to provide practical and intelligent Corporate Advisory, Restructuring, and Insolvency services. Our experts excel at identifying and implementing real-world solutions to complex challenges and are always focused on achieving the best outcome for you and your business. Get in touch via our website - https://www.leading.uk.com/company-closure/

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Have you considered an IVA? An Individual Voluntary Arrangement can protect your assets, restructure your personal debt & help you avoid bankruptcy. The main advantages of an IVA are: ⚫ Avoid personal bankruptcy ⚫Retain control of your home ⚫ Consolidate your payments to one manageable monthly sum We specialise in helping you overcome problems with personal debt — allowing you to move on with your life without the weight of the world on your shoulders. We offer free advice to anybody who is struggling to make ends meet, so get in touch today for a free, no-obligation consultation. www.leading.uk.com/contact/

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A CVA is a contract between a company and its creditors to allow it to restructure its debt over a longer period of time, usually between 3 and 5 years. The company makes regular payments to the Supervisor (a Licensed Insolvency practitioner) who will distribute funds to creditors. The directors retain control of the company and its trade throughout the CVA. Find out more about CVAs over on our website. https://www.leading.uk.com/business-rescue/company-voluntary-arrangement/ #businessdebt #CVA #creditors #companydebt #debt #insolvency #norwich #norfolk

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Rishi Sunak’s wife, Akshata Murty, was recently plunged into a tax controversy due to her non-domiciled status in the UK. Claiming non-domiciled status is technically not illegal in the UK in terms of paying tax, so why has this tax controversy become so important? We consider the answer to this in our recent blog post. >> https://www.leading.uk.com/rishi-sunaks-wifes-tax-controversy-all-you-need-to-know/

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Are you looking for a licensed insolvency practitioners in Norfolk? You've found the right people! Our Leading team of specialist insolvency experts are based in Norwich and can be contacted on 01603 552028. If you're happier chatting online initially, you can use the Live Chat button on our website, or you can instead drop us an email to norwich@leading.uk.com

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In our recent blog post, we consider the question — 'How Much Long-Term Debt Should a Company Have in the United Kingdom? https://www.leading.uk.com/how-much-long-term-debt-should-a-company-have-in-the-united-kingdom/ Recently the Bank of England (BoE) reported that total corporate debt had risen by around 6% over the past two years in the UK. Their figures also revealed that small and medium-sized (SME) businesses carried more of the burden – by as much as a third – than larger listed businesses, principally because they were more likely to be in sectors that were heavily affected by the Covid-19 pandemic, such as hospitality and leisure.

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