blog and news

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

Latest Satisfaction Survey Results from White Maund

Thank you to all those that took the time to complete our recent satisfaction survey. It’s important to us to know whether we are giving you the service you want, to know how you feel about White Maund. And just so you know…..we value you too! The results were very heart-warming but this doesn’t mean […]

White Maund Corporate Social Responsibility Policy

We recognise that we must integrate our business values and operations to meet the expectations of our stakeholders. Our stakeholders include our referrers, employees, investors, suppliers, the community and the environment. We recognise that our social, economic and environmental responsibilities to these stakeholders are integral to our business. We aim to demonstrate these responsibilities through […]

Piercing the Corporate Veil

When dealing with the restructuring or insolvency of a company we often ask the directors what impact this could have on them personally. This could range from issues regarding directors’ responsibilities to the company and creditors through to loss of employment and income. One recurring problem is personal guarantees provided against company liabilities by present […]

Where Cricket Meets Beaujolais Noveau

“On Thursday 17 November 2016 we hosted a table at the Where Cricket Meets: Beaujolais Noveau event at the1st Central County Cricket Ground in Hove in aid of The Sussex Cricket Foundation.  A great afternoon of entertainment was had with satirical observations from comedians Patrick Monahanas and Ian Moore, and live music from local singer […]

Capital or Income? Its up to you to decide!

As many readers will be aware, on 6 April 2016 the anti-avoidance Transactions In Securities (TIS) rules were enacted as part of the Finance Act 2016 specifically to target phoenix companies. Under the new TIS rules, certain distributions made to shareholders are treated as income rather than capital. The rules apply where the main purpose […]

Creating certainty from uncertainty

We continue to live in an increasingly uncertain world, Brexit, Trump and DH pharmacy funding cuts. Since the original announcement by the DH on 17 December 2015 it has been an uncertain time for pharmacy owners and operators as to firstly whether the funding cuts would come in, secondly the amount of the cuts and […]

Another recovery tool available to HMRC

Whilst HMRC has had the power to issue a notice requiring a business to give security for some time (since 1994 for VAT and 2012 for PAYE/NI), they have not in our experience been commonplace despite HMRC being a creditor usually for a substantial amount. In the recent past, however, we have seen two instances […]

Is Brexit solely to blame for a rise in corporate insolvency?

I think it’s fair to say that some of us may be a little tired of Brexit continuing to dominate the headlines for a variety of reasons. However, the impact on certain sectors potentially as a result of the decision to leave the EU may have started to become apparent. According to a survey recently […]

Case Study: Value for Money?

White Maund met the directors of a call centre late on a Thursday evening to discuss the options available to the company.  As a consequence of the global recession and low-cost competition from India and the Far East, the company had experienced a significant downturn in trade and had accrued liabilities due to a lack […]

Father and son disqualified for 8 years

The debts in this matter were significant however failure to pay PAYE/ VAT is something we see time and time again and can be evidence of wrongful trading (trading with the knowledge of insolvency) which in turn can lead to disqualifications and potential recovery action against the directors personally. Failing to pay crown monies occurs […]