blog and news

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

When is administration appropriate?

Administration is an insolvency process that protects a limited company and it’s assets from any legal process. Where a company is coming under pressure from it’s creditors for non-payment of debts and creditors are threatening legal proceedings or a winding up petition, the company may need the protection administration brings to provide time to determine […]

Can I re-use my Company’s name?

Except in certain circumstances, Section 216 of the Insolvency Act 1986 prohibits the re-use of a company name where a company has entered insolvent liquidation.  The section does not apply in any other insolvency process unless insolvent liquidation follows administration or a Company Voluntary Arrangement. Section 216 states that: Any person that has been a […]

Could HMRC’s preferential status impact on your proposed CVA?

Company Voluntary Arrangements (CVA) have had a lot of column inches over the last few years as a result of a number of high profile retailers having to restructure and look to exit expensive high street leases. CVAs have also been available to smaller companies in most business sectors and can be a viable alternative […]

Now we are 10

2019 sees White Maund celebrating 10 years of service in Brighton. After many years of working in insolvency practices, our founders Andrew White and Susan Maund established White Maund in 2009.  Andrew now acts as a consultant to the firm and Susan continues to lead White Maund with fellow directors Tom D’Arcy and Chris Latos, carrying […]

Directors beware!

In previous blogs, we have looked at the various processes HMRC will use to recover tax and VAT such as distraint, time to pay arrangements, issuing security notices and as a last resort, insolvency.  As part of HMRC drive to improve tax collection and clamp down on companies and individuals seeking to avoid or evade […]

HMRC preferential status – update

On 31 October 2018 we posted a blog on HMRC regaining preferential creditor status and the potential effect on banks and other lenders.  HMRC recently commenced a consultation period which is due to expire on 27 May 2019.  The consultation is being undertaken with a view to deciding how the new rules should be implemented […]

Is retail heading for even tougher times?

The retail sector has gone through significant transformation over the last decade with the introduction of new technologies, new business models, intensifying competition and increasingly sophisticated consumers which have all contributed to a changing landscape in the industry.  Volume discounters and low-cost chains now dominate the market whilst established household names have found conditions more […]

Insolvencies rise again in Q4 2018

The most recent insolvency stats have been released from the insolvency service for Q4 of 2018.  Corporate insolvencies increased to 16,090 which is the highest level since 2014 and comprised of increases in all types of corporate insolvency with the exception of administrative receivership.  Whilst corporate insolvencies feel by 9% from Q3 to Q4, there […]