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A Guide to Winding up Petitions

Posted on October 18, 2012

A Winding up Petition (WUP) is a serious and very real threat from an unpaid creditor. It is likely that you have been unable to pay a creditor on time and they have lost trust in you and your business, forcing them to take action.

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Recent Articles

Company Administration FAQs

Company Administration FAQs

Posted on May 8, 2013

Some of the frequently asked questions about company administration.

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Is my Company Becoming Insolvent?

Is my Company Becoming Insolvent?

Posted on May 8, 2013

What are the warning signs of insolvency?

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Company insolvencies fall through 2012

Company insolvencies fall through 2012

Posted on December 10, 2012

There were 3,971 compulsory liquidations and creditors’ voluntary liquidations in total in England and Wales in the third quarter of 2012 (on a seasonally adjusted basis). This was a decrease of 2.8% on the previous quarter and 6.6% less than the same quarter a year ago.

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A Guide to Company Voluntary Arrangements (CVAs)

A Guide to Company Voluntary Arrangements (CVAs)

Posted on October 16, 2012

A Customer Voluntary Arrangement (CVA) is a turnaround solution for businesses that may have become insolvent, so unable to pay their debts.

As a director, you may have recently recognised that your business is becoming insolvent or has already become insolvent. You know that your business model is profitable but have had a problem with cashflow which has caused some serious problems.

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