Samuel Pedley

When Suella Braverman was removed from her cabinet post she decided to take a defiant stance, with an open letter criticising PM Rishi Sunak for reneging on promises and calling for a leadership election. It was a defiant, headline-grabbing move and...

The key piece of legislation around director duties is the Companies Act 2006. The Act, which covers a host of legislative areas, imposes the burden of various general duties on directors of UK limited companies. Here in our latest website blog, I want to...

There are several “reviewable transactions” which following a company’s insolvency, the insolvency practitioner can investigate and look to set aside which include but are not limited to the following:- Preference...

Directors of many companies are struggling with the financial uncertainty caused by the Covid 19 pandemic. With the threat of insolvency ever present many companies are simply trying to “hold on” and make it through the pandemic with as little...

The reintroduction of Crown Preference is an unfortunate development at a time of unprecedented uncertainty, when many businesses are struggling with the effects of the Covid 19 pandemic. The Enterprise Act 2002 abolished Crown Preference, meaning that HMRC...

30 July 2020, the Insolvency Service published its quarterly insolvency statistics for April to June 2020. Surprisingly despite these tentative times, company insolvencies in England and Wales have declined by one-third compared to the same quarter ending...

Directors, including non-executive directors, should always keep an eye on the financial wellbeing of the companies they manage during these difficult times. Some practical steps that directors should consider taking include: ...

Shareholders who do not own a controlling stake in a business should check their rights in the event of disputes with fellow directors and other stakeholders. This is an often-overlooked issue I discussed in the media recently as I am seeing that too many...

... and please note!! With the present times being reported as the “greatest global health threat in history” it is inevitable that there are concerns as to the unparalleled distress that the whole global economy will experience. All types of...

The unforeseen outbreak of COVID-19 has resulted in confusion and panic. Businesses are left to make difficult decisions particularly where contractual obligations are concerned. If you are struggling to meet your contractual obligations then the first...

How to wind a company up Q. What does it mean to wind a company up? A. The company will be dissolved, removed from the Register of Companies at Companies House and as such will no longer exist. The assets of the...

How to make an individual bankrupt Q. What are the requirements for making an individual bankrupt? A. In order to petition to make someone bankrupt they must owe you an undisputed debt which is £5,000 or more....

How to make an administrative restoration Q. What is administrative restoration? A. Administrative restoration is where you follow a process which involves liaising with Companies House to restore a dissolved company...

How to apply to court to restore a company to the register Q. When is it appropriate to apply to court to restore a company to the register? A. If the company was undergoing an insolvent event before being struck off...