blog and news

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

Forget the Chinese Year of The Dog – 2018 is the Year of the CVA

2018 has been reported in insolvency news sources as the year of the CVA (Company Voluntary Arrangement) and in particular the Landlord CVA. The news has been full of established high-street names using CVAs to help streamline their businesses by looking at their leasehold commitments, closing some premises and trying to get rent reductions for […]

Statistics see seaside towns with highest personal insolvency rates

A worrying trend sees that the geographical spread of personal insolvencies shows that seaside towns are most effected. The North East and coastal towns such as Plymouth and Scarborough typically had the highest concentrations of personal insolvencies. The places which have the highest rate of personal insolvency tend to be seaside towns,  as well as […]

HMRC and Negotiation and Time to Pay Agreements

Where a company has fallen behind with Tax or VAT payments but hasn’t yet been passed to EIS (Enforcement & Insolvency Service), there is still time to negotiate a time to pay agreement (TTPA). A company can apply to HMRC for a TTPA if the debt has fallen due within the last 30 days.  If […]

Quizzie Rascals

Last night a team from White Maund were delighted to attend a fundraising quiz in aid of Sussex Cancer Fund, orgainised by Consortium Business Solutions. While they didn’t win, the team known as Quizzie Rascals, formed by Neil Hoad, Billy Poulton, Jamie Pain and Alex Grinyer, did come a respectable second. The quiz raised £300.55, […]

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 […]