Company Debts

Cash Flow Killer: Debt Recovery

Gordon Sewell, November 17 2024

Big or small, established or start up, unpaid invoices are a cash flow killer to businesses but apart from repeatedly chasing payment, what can you, as the creditor, do? Here are a few things to think about. 1. Know who you are getting in to business with! It’s important to check whether the arrangement between the parties is subject to any...

Legal Insights

When is a director liable for debts of the company?

Gordon Sewell, May 10 2024

We are often asked by shareholders and directors whether they can be made liable for the debts of their limited company. It is a long established pillar of English law that a limited company has its own legal identity. This means that each limited company is its own “person” separate to its directors and shareholders. A limited company can enter...