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About Laura Batchelor

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So far Laura Batchelor has created 28 blog entries.

North West Specialist Commercial Contractor with 40 year history enters Administration

Clovemead Limited, a highly regarded and familiar name in the North West with a significant national presence since 1980, went into Administration on Monday 11 March. The firm appointed Partners, Allan Cadman and Charles Brook, as Joint Administrators. The independent contracting specialist company with expertise across construction, minor works, fuel systems and signage has a reputation for quality and safety, with each division working seamlessly across various disciplines to provide clients in a variety of highly specialised, secure and regulated environments with fully managed solutions. Operating out of premises in Warrington and Widnes the company employs over 50 staff and [...]

North West Specialist Commercial Contractor with 40 year history enters Administration2019-03-15T11:47:27+00:00

What does an Insolvency Practitioner do and when might you need one?

What is an Insolvency Practitioner (IP)? An Insolvency Practitioner (IP) is someone who is licensed and authorised to act on behalf of and provide advice to companies, organisations and individuals when they are facing financial difficulties.  An IP is more often than not approached directly by a company Director (sometimes at the introduction of another professional advisor such as an Accountant) seeking help in dealing with their distressed company.  Alternatively, in a compulsory liquidation by the Courts brought about when an unpaid creditor presents a winding-up petition, the Official Receiver first acts as the liquidator after which an IP may [...]

What does an Insolvency Practitioner do and when might you need one?2019-03-06T11:45:52+00:00

Debt levels soaring amongst the UK’s self-employed

According to recent research carried out by the SME advice service, Business Debtline, small business owners and those self-employed are experiencing high levels of debt. There is an increasing concern for this, as these people make up 15% of the country’s total employed population and the tendency for more and more workers to become self-employed is leaving thousands of people in debt.

Debt levels soaring amongst the UK’s self-employed2019-02-15T09:56:57+00:00

How Huddersfield town centre has become unattractive for investment or commercial regrowth

It is difficult to imagine any self-respecting town not having an M&S on its High Street.  Whilst M&S are taking steps to improve their trading performance on a national basis, there is something of an indictment of any reasonably sized conurbation if it can’t sustain their model.

How Huddersfield town centre has become unattractive for investment or commercial regrowth2019-01-18T12:05:42+00:00

Late Payment of Invoices

Small businesses are the backbone of our economy and in the last 5 years, the amount owed to smaller businesses in late payment has more than halved but we want to see payment practices improve even further. Research carried out by R3 earlier this year found that late payment of invoices was the most common sign of business distress among companies in the North East, North West, Yorkshire and Humberside, with more than a quarter (27%) of them saying they were owed payment on invoices that were 30 days past their due date. A 2016 R3 survey of the insolvency [...]

Late Payment of Invoices2019-01-15T11:58:22+00:00

What is an overdrawn directors loan account?

What is an overdrawn directors loan account? An overdrawn Directors loan account relates to funds being removed from the company by its director which is in excess of his remuneration and or declared dividends and remains outstanding to the company at the financial year end or at the point of an insolvency.

What is an overdrawn directors loan account?2018-12-19T13:05:37+00:00

The Phoenix rising from the Ashes – an Insolvency Practitioner’s View

Directors are prohibited from utilising the same or similar business name for five years following a liquidation, subject to certain exceptions which can be found in insolvency legislation.

The Phoenix rising from the Ashes – an Insolvency Practitioner’s View2018-09-12T10:22:34+00:00

How can you avoid Disqualification as a Director

A company is generally considered insolvent when it can't pay its bills as and when they fall due or if its liabilities are greater than the value of all its assets.  Legally, the directors of a company are required to act in the best interests of its creditors.

How can you avoid Disqualification as a Director2019-01-09T14:43:23+00:00

Enforcing Reservation of Title – Cold Comfort or Cash?

In the contract between the supplier and the recipient of goods, there is a specific condition that title or ownership of the goods doesn’t pass to the recipient on delivery or collection (which is the normal situation); it happens only when the goods have been paid for in full.

Enforcing Reservation of Title – Cold Comfort or Cash?2018-08-23T12:20:10+00:00