This is the most common type of liquidation that may befall a company. At any moment there are usually between 12,000 and 14,000 companies on the UK register that are going through a creditors’ voluntary liquidation.…
Employee share schemes and options
Companies often use employee share schemes to remunerate and incentivise staff. The share schemes give employees either a stake in the company or share options to invest in the company. This means that the more profitable the…
What is a sole trader?
A sole trader is a self-employed person who owns and runs their own business as an individual. A sole trader business doesn’t have any legal identity separate to its owner, leading many to say that as a sole trader you are…
When do you have to register for VAT?
Your business must register for VAT with HM Revenue and Customs (HMRC) if, over the past 12 months, your ‘taxable supplies’ (closely based on your sales or turnover, not your profit) have exceeded the VAT registration…
What are share options
Share options granted by a company give the holder the right to buy shares from that company at some date in the future. Companies will often grant options to employees as part of their overall remuneration package as a way to…
Coronavirus and Company Secretarial Responsibilities
The impact of coronavirus continues to be felt in many ways by UK businesses, with advice and support from their professional advisers becoming more important than ever.…
2021 Review
of UK Company Formations
Read our comprehensive review of UK company formations in 2020, year-on-year growth rates and breakdown by county. This detailed insight is provided in the form of easy to understand infographics available for sharing through social media and on your own website