BridgewoodTwo More Payday Loan Companies Enter AdministrationDJS (UK) Limited who traded as PiggyBank and MMP Financial Limited who operated the My Money Partner and Swift Sterling brands have both…Dec 11, 2019Dec 11, 2019
BridgewoodConstruction Firms go into Administration with Loss of 150 JobsThree connected construction firms, Clugston Group, Clugston Construction and Clugston Services have gone into administration. Clugston…Dec 6, 2019Dec 6, 2019
BridgewoodWinding Up Petitions Against Oldham and Birmingham Football Clubs are DismissedTwo football clubs, the Championship’s Birmingham City and League Two side Oldham Athletic, have had winding up petitions against them…Dec 5, 2019Dec 5, 2019
BridgewoodClintons Rescued via Pre-Pack Administration Sale to Existing OwnersGreetings card and gifts retail chain Clintons have secured a rescue deal allowing the firm’s 334 stores to continue trading as normal and…Dec 4, 2019Dec 4, 2019
BridgewoodWhat is an Insolvency Practitioner?We’re often asked what is an insolvency practitioner, and what do they do?Sep 4, 2019Sep 4, 2019
BridgewoodWhat Happens When a Company Goes Into Liquidation?When a company goes into liquidation, it will cease to trade, all employees will be made redundant and its assets will be sold. The funds…Aug 19, 20191Aug 19, 20191
BridgewoodHow Do I Stop a Company from Winding Up?A winding up order from the Court forces a compulsory liquidation upon an insolvent company. Any creditor owed £750 or more, that has not…Aug 7, 2019Aug 7, 2019
BridgewoodHow Does a Company Enter Administration?Administration is a formal insolvency process which places a company under the control of an Insolvency Practitioner, with the protection…Jun 17, 2019Jun 17, 2019
BridgewoodCompulsory vs Voluntary Liquidation ‐ What’s the Difference?In 2014, HMRC applied to the courts to shut down 3,000 businesses due to unpaid tax bills. Of the 3,000 winding up petitions served, HMRC…May 28, 2019May 28, 2019
BridgewoodHow to Identify an Insolvent CompanyDirectors have a legal duty to ensure that their company is not trading whilst insolvent. But what does “trading whilst insolvent” really…May 24, 2019May 24, 2019