Glossary

Sole traders are business owners trading with personal liability.

This details the company’s assets and liabilities when it is wound up, or enters into […]

A statutory demand is a formal request for money by a creditor that is owed […]

Shareholders are the owners of limited companies. If the limited company is a quoted PLC, […]

Redundancy is one form of dismissal. It occurs when a company is closing some or […]

Receivers are Insolvency Practitioners appointed by lenders who have a charge or mortgage over the […]