Purnells News & Blog

The Impact of the Coronavirus on Insolvency

The Impact of the Coronavirus on Insolvency

We are currently living and working in unprecedented times with the nationwide lockdown and the financial impact of the Coronavirus still developing.

So much is happening, so quickly, that it is hard to keep up, particularly if you are having to advise clients on the impact of the Coronavirus and the options open to them and their business.

Accordingly, I am going to give a brief overview of a few of the issues in this blog.

Posted: 27/03/2020

First Compensation Order

First Compensation Order

In 2015 the Government brought in new legislation to enable The Insolvency Service to seek Compensation Orders against directors of insolvent companies who have been disqualified as acting as a director, and whose conduct has caused a loss to one or more creditors.

Posted: 19/02/2020

Directors Duties Can Survive Insolvency

Directors Duties Can Survive Insolvency

A few weeks ago the Courts handed down Judgment in Systems Building Services Group Limited [2020] EWHC 54 (Ch), which may have long reaching consequences for the Insolvency Profession, and also directors.

Posted: 03/02/2020

The Insolvency Corporate Governance Consultation

The Insolvency Corporate Governance Consultation

The Government are looking to make some reforms to the Insolvency Legislation and within the Government’s Insolvency Corporate Governance Consultation two new insolvency procedures were proposed which will provide directors and Insolvency Practitioners with more options.

Posted: 10/12/2019

Making a Difference in the Local Community

Making a Difference in the Local Community

Purnells are pleased to announce that we are working with Dorchester Youth and Community Centre.

Posted: 28/10/2019

Wrongful Trading

Wrongful Trading

Wrongful Trading – The Ronseal Test – Does It Do What It Says On The Tin?

Posted: 14/10/2019

Independent Loan Charge Review

Independent Loan Charge Review

The Government has announced that it has commissioned an independent review of the loan charge scheme.

Posted: 23/09/2019

Purnells TRI 250 Membership

Purnells TRI 250 Membership

Chris Parkman, Licensed Insolvency Practitioner and Managing Director of Purnells, has been selected to be part of the TRI 250 for a second year in a row.

Posted: 04/09/2019

R3 Technical Alert

R3 Technical Alert

The Return of Crown Preference - On 11 July 2019

Posted: 16/07/2019

The Procedure to Place a Company into Creditors Voluntary Liquidation

The Procedure to Place a Company into Creditors Voluntary Liquidation

A Creditors Voluntary Liquidation is essentially an insolvent liquidation where the Company does not have the necessary funds to pay all creditors in full and the directors have decided themselves to place it into liquidation.

Posted: 26/06/2019

House of Lords Report on HMRC’s Powers to Tackle Tax Avoidance

House of Lords Report on HMRC’s Powers to Tackle Tax Avoidance

Continuing on from my latest series of blogs regarding HMRC and their greater powers to tackle tax avoidance a recent House of Lords Report on HMRC’s powers to tackle tax avoidance makes interesting reading.

Posted: 04/03/2019