All Posts

How Do I Liquidate a Company? A Director’s Guide to Closing Down Properly This is one of the questions we hear most often from directors across Norfolk and Suffolk, and it is almost never asked casually. By the time somebody asks it out loud, they have usually been carrying it quietly for months. The honest answer is that the right route for you depends almost entirely on one thing: whether your company can pay what it owes. Once you know this, the rest of the process is fa

If you have found yourself searching whether you are insolvent, that question has probably been sitting with you for a while. It is one of the most common things people ask us, and it is almost always asked quietly, late at night, before anyone else has been told. Here is the reassuring part. Insolvency is not a character judgement and it is not the end of the road. It is a legal test, and there are two of them. Understanding which one you might meet, and when, is what gives

The moment your Limited Company gets into financial difficulty, your mind likely races to one reassuring thought: I'm not personally liable. That's why I set up a Limited Company in the first place. And for the most part, that's true. The corporate veil protects your personal assets from the company's creditors. But here's what keeps many directors awake at night, and what you absolutely must understand: that veil isn't impenetrable. There are real, significant situations whe

Bankruptcy vs liquidation, they are often used as if they mean the same thing, but the difference is fundamental. Mixing up the two doesn't just cause confusion in conversation; it can delay the right advice, put assets at unnecessary risk, and leave directors or individuals exposed to consequences they didn't see coming. One is a personal legal process. The other ends the existence of a company. Once that distinction is clear, most of the confusion falls away. At RCM Adv