insolvency | AccountingWEB


What are the advantages of Creditors’ Voluntary Liquidation?

The main advantages of a Creditors’ Voluntary Liquidation (CVL) are:

A Ltd is a full subsidiary of B Ltd.

A is taken into administration and liquidated resulting in capital losses. B wishes to utilise these losses via group relief.


On a number of occasions recently, company directors have contacted us because of problems they have experienced when they tried to dissolve their companies.

Dear all,



An MP accused HMRC last week in a parliamentary debate of pursuing a “disgraceful vendetta” and called into question the professional competence and integrity of


The number of zombie businesses – those only abl


We acted for a property development company which went underwater in 2009 when RBS suddenly withdrew all funding and put in a receiver on the property site which they had as security.


Insolvency practitioners and accountancy firms working in tandem with business banks are struggling with more negative publicity and calls for a regulatory crackdown on conflicts of interest follow


MP Austin Mitchell revived his age-old reputation as the scourge of the accountancy profession by laying into PwC, Lloyds Bank and the ICAEW during a parliamenta


Major retailers Barratts and Blockbuster have collapsed into administration again following a tough few months on the high street.