blog and news

Keep up to date with all the latest goings on at White Maund.

Quick! Time is running out…….

With the end of the tax year only one month away, now may be the time to consider putting a company through a solvent restructure otherwise known as a Members’ Voluntary Liquidation (MVL). Where the company has assets in excess of £25,000, by using the MVL process, shareholders can gain advantageous rates of tax on […]

Good News from Insolvency Practitioner in Brighton

Good News…… We are often viewed as the Grim Reaper of the business world, only called upon when a company is in dire need. But it is not all bad news, the role of an Insolvency Practitioner is damage limitation and making the best of a bad situation, often saving a company or securing the […]

Can a Director re-use a company name following Liquidation?

Well the quick answer is ‘it depends’… If you want to re-use a company name after it has become insolvent, care must be taken to ensure you keep within the rules, or you could face criminal proceedings and become personally liable for the successor company’s liabilities.   When is a name prohibited? Section 216 of […]

What is wrongful trading?

Following the collapse of Carillion in what could be one of the largest insolvencies our profession has seen, the directors of the company have been ordered by the Work and Pensions and BEIS committees to give evidence as to why the company went into liquidation with liabilities estimated to be in excess of £1.5 billion.  […]

Employee claims in insolvency

Employee claims in insolvency When the decision is made to place a company into an insolvency procedure and some or all of the employees are made redundant, this can leave employees in an extremely precarious situation.  As a consequence of the employer being insolvent, in many cases employees are faced with not only losing their […]

Casual Dress for Charity Donations

Every year the Staff at White Maund choose a charity to support for the year. Their charity year ends on 31st August which means it’s time to total up the donations for their nominated charity the Great Ormond Street Children’s Charity. Staff fundraising is done through a dress down day once a month by which […]

Autumn Newsletter

  Hello……. We have a follow-up on how the UK restaurant business is doing, we take a look at rising personal debt and give you an insight into Company Voluntary Arrangements. In White Maund company news we are delighted that Sue Maund has been nominated and chosen as a finalist in this year’s Women in […]

Company Voluntary Arrangements – a misunderstood or misused procedure?

If recent statistics are to be believed, some 86% of Company Voluntary Arrangements (CVAs) entered into between 2013 and 2015 have failed and an alternative insolvency process has been required.   There are numerous reasons why a CVA may not work as intended however in the right circumstances a CVA still offers an opportunity to restructure […]