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Restructuring can be a difficult time in the life cycle of a business and securing advice from professionals in the early stages of this process can help to ensure that the needs of all parties concerned, including employees and investors, are sufficiently addressed.

Against a backdrop of economic uncertainty, many businesses in the UK may be struggling to align their income with their expenditure and hopes that the Bank of the England’s (BoE) £60 billion Funding for Lending Scheme (FLS) would boost the supply of credit to businesses in the UK have recently been dashed.

When it becomes clear that your business may be struggling within the unstable financial climate, it is particularly important to act quickly and decisively.

The introduction of Real Time Information Systems (RTI) from April 2013 is set to tighten the tax laws even further for UK companies. When RTI is implemented, companies will not be able to understate their PAYE liability in any way, regardless of how financially stable they may or may not be.

A winding up petition (petition) is usually presented by a creditor of a company, although it may be presented by the company itself or a shareholder, making application to the Court to have the company placed into Compulsory Liquidation by the granting of a Winding Up Order.