Phoenix crackdown shifts to enforcement

Phoenix crackdown shifts to enforcement

Directors tempted to leave debts behind in one company and simply start again in another face a much greater risk of investigation, as the Insolvency Service makes abusive “phoenixism” one of its principal enforcement targets. Buchler Phillips has written regularly...
Directors’ loans: not your accountant’s problem

Directors’ loans: not your accountant’s problem

Directors’ loan accounts are easy to ignore while a business is trading. Money moves between the company and its owner, the accountant keeps a running balance, and any awkward questions can seem like matters to be sorted out when the year-end accounts are drawn up and...
Still standing, but standing still

Still standing, but standing still

Much of the discussion about the health of British business tends to focus on the casualties: companies entering insolvency, shops closing, jobs being lost and businesses disappearing altogether. But there is another, less visible consequence of a prolonged period of...