Glossary

A term that is used when a company/person cannot pay or cover their debts with […]

A licensed insolvency practitioner (IP) carries out a wide range of duties in relation to […]

Her Majesty’s Revenue and Customs: the government body which collects and regulates PAYE, NIC, VAT […]

Where the company is continuing to trade for the current period and can cover its […]

Put simply fraudulent trading is the continuation of trading with no reasonable prospect of repaying […]

A mortgage, debenture or other security documentation, is likely to create charges over particular assets […]