7th March 2014

Wrongful and Insolvent Trading: A Brief Guide

At the first sign of financial difficulty, the director of a business should seek financial advice. If you cannot pay the bills, the rent or any of your creditor accounts, this may be a sign that the business is failing and this should be taken seriously. If a business continues to operate with considering the financial situation, the director can be accused of wrongful or fraudulent trading. This means that they may be held personally liable for the company’s debts. To […]
3rd February 2014

Business Directors Banned over False Invoicing

Four directors of a company based in Colne have been banned from acting as directors for 6 years after it was discovered that their firm raised false invoices. It is believed that over invoices were created totalling more than £218,663 which were false. To read more of this post click here