https://ltdturnaround.co.uk/ Guides and questions for UK company directors from LTD Turnaround. en-gb https://ltdturnaround.co.uk/questions/employees-and-creditors/ https://ltdturnaround.co.uk/questions/employees-and-creditors/ Wages, redundancy, notice pay and who gets paid first when a UK company is insolvent: answers to the questions employees, directors and creditors actually search for. Thu, 15 Oct 2026 12:00:00 GMT https://ltdturnaround.co.uk/guides/companies-house-identity-verification/ https://ltdturnaround.co.uk/guides/companies-house-identity-verification/ Who must verify their identity with Companies House, the dates that apply to new and existing directors and PSCs, and how to verify through GOV.UK One Login or an Authorised Corporate Service Provider. Tue, 29 Sep 2026 12:00:00 GMT https://ltdturnaround.co.uk/guides/identity-verification-strike-off-and-insolvency/ https://ltdturnaround.co.uk/guides/identity-verification-strike-off-and-insolvency/ What happens if a director or PSC does not verify their identity with Companies House, and what it means for a company that is heading for strike-off or insolvency. Tue, 29 Sep 2026 12:00:00 GMT https://ltdturnaround.co.uk/guides/bounce-back-loan-options/ https://ltdturnaround.co.uk/guides/bounce-back-loan-options/ Company still owes a Bounce Back Loan? Pay As You Grow, repaying, refinancing, a repayment plan, a CVA or liquidation, and what each means for you personally. Thu, 24 Sep 2026 12:00:00 GMT https://ltdturnaround.co.uk/guides/ds01-strike-off-walkthrough/ https://ltdturnaround.co.uk/guides/ds01-strike-off-walkthrough/ How to actually file form DS01 to strike off a UK company: the current fee, who must sign, who to notify and when, and the Gazette notice and objection timeline to dissolution. Wed, 23 Sep 2026 12:00:00 GMT https://ltdturnaround.co.uk/questions/can-a-company-in-debt-pay-a-dividend/ https://ltdturnaround.co.uk/questions/can-a-company-in-debt-pay-a-dividend/ Dividends can only be paid from distributable profits. Paying them while the company is in debt or insolvent can make them unlawful and personally repayable by directors. Mon, 20 Jul 2026 12:00:00 GMT https://ltdturnaround.co.uk/questions/does-company-insolvency-affect-my-credit-rating/ https://ltdturnaround.co.uk/questions/does-company-insolvency-affect-my-credit-rating/ Your limited company's insolvency does not automatically appear on your personal credit file. Where it can reach you: personal guarantees, CCJs and directorship records explained. Mon, 20 Jul 2026 12:00:00 GMT https://ltdturnaround.co.uk/questions/should-i-close-my-limited-company-or-make-it-dormant/ https://ltdturnaround.co.uk/questions/should-i-close-my-limited-company-or-make-it-dormant/ Dormancy keeps the company alive with minimal filings; closure ends it for good. How to choose, what dormant actually requires, and when debts rule dormancy out. Mon, 20 Jul 2026 12:00:00 GMT https://ltdturnaround.co.uk/questions/what-happens-to-a-director-of-a-company-in-liquidation/ https://ltdturnaround.co.uk/questions/what-happens-to-a-director-of-a-company-in-liquidation/ When a company goes into liquidation the director's powers end, their conduct is reviewed, and in most cases life moves on: what actually happens, step by step. Mon, 20 Jul 2026 12:00:00 GMT https://ltdturnaround.co.uk/guides/business-rescue-finance/ https://ltdturnaround.co.uk/guides/business-rescue-finance/ How UK companies fund a rescue or a restart after insolvency: the finance options at each stage, the order to do things in, and the rules that keep a restart legal. Sun, 19 Jul 2026 12:00:00 GMT https://ltdturnaround.co.uk/guides/invoice-finance-during-a-cva-or-administration/ https://ltdturnaround.co.uk/guides/invoice-finance-during-a-cva-or-administration/ How invoice finance funds working capital while a CVA runs or an administrator trades the business, what lenders look at, and where the insolvency practitioner fits. Sun, 19 Jul 2026 12:00:00 GMT https://ltdturnaround.co.uk/guides/phoenix-company-finance-rules/ https://ltdturnaround.co.uk/guides/phoenix-company-finance-rules/ Starting a new company after insolvency is legal if the rules are respected. How a phoenix or NewCo gets funded with no trading history, and the legal lines that keep the restart legitimate. Sun, 19 Jul 2026 12:00:00 GMT https://ltdturnaround.co.uk/guides/hmrc-arrears-funding-options/ https://ltdturnaround.co.uk/guides/hmrc-arrears-funding-options/ When funding a VAT or tax bill makes sense, when Time to Pay is the better answer, and when borrowing against HMRC arrears is the wrong move entirely. Sun, 19 Jul 2026 12:00:00 GMT https://ltdturnaround.co.uk/guides/business-rescue-finance-case-studies/ https://ltdturnaround.co.uk/guides/business-rescue-finance-case-studies/ Two illustrative examples of how rescue and restart finance is structured in practice: a construction firm funded after a failed CVA and a haulage business bridged with invoice finance. Sun, 19 Jul 2026 12:00:00 GMT https://ltdturnaround.co.uk/guides/am-i-personally-liable-for-company-debts/ https://ltdturnaround.co.uk/guides/am-i-personally-liable-for-company-debts/ Most directors are not personally liable for their limited company's debts. The specific exceptions that make you liable: personal guarantees, an overdrawn loan account, wrongful trading, misused Bounce Back Loans and unlawful dividends. Wed, 01 Jul 2026 12:00:00 GMT https://ltdturnaround.co.uk/questions/can-i-claim-director-redundancy-if-my-company-is-liquidated/ https://ltdturnaround.co.uk/questions/can-i-claim-director-redundancy-if-my-company-is-liquidated/ Many directors can claim statutory redundancy from the Redundancy Payments Service when their company is liquidated, if they were a genuine employee. Sat, 27 Jun 2026 12:00:00 GMT https://ltdturnaround.co.uk/questions/can-i-pay-wages-after-a-winding-up-petition/ https://ltdturnaround.co.uk/questions/can-i-pay-wages-after-a-winding-up-petition/ After a winding-up petition, paying wages from the company account is risky: most payments can be void unless the court validates them. Get a validation order. Sat, 27 Jun 2026 12:00:00 GMT https://ltdturnaround.co.uk/questions/is-repaying-my-director-loan-or-bbl-before-liquidation-a-preference/ https://ltdturnaround.co.uk/questions/is-repaying-my-director-loan-or-bbl-before-liquidation-a-preference/ Repaying yourself, family or a loan you personally guaranteed before insolvency can be a preference, reversed under section 239. Bounce Back Loans carried no personal guarantee. Sat, 27 Jun 2026 12:00:00 GMT https://ltdturnaround.co.uk/questions/will-liquidating-my-company-affect-my-personal-mortgage/ https://ltdturnaround.co.uk/questions/will-liquidating-my-company-affect-my-personal-mortgage/ Liquidating a limited company does not directly affect your mortgage, but personal guarantees, an overdrawn director's loan or misconduct can reach you. Sat, 27 Jun 2026 12:00:00 GMT https://ltdturnaround.co.uk/guides/directors-guide-to-company-insolvency/ https://ltdturnaround.co.uk/guides/directors-guide-to-company-insolvency/ Everything a UK company director needs to understand when the company is in financial difficulty: your duties, the options, and the personal risks. Mon, 22 Jun 2026 12:00:00 GMT https://ltdturnaround.co.uk/guides/how-to-close-a-limited-company/ https://ltdturnaround.co.uk/guides/how-to-close-a-limited-company/ A step-by-step guide to closing a UK limited company the right way, whether it is solvent or insolvent. Mon, 22 Jun 2026 12:00:00 GMT https://ltdturnaround.co.uk/guides/what-happens-to-employees-when-a-company-closes/ https://ltdturnaround.co.uk/guides/what-happens-to-employees-when-a-company-closes/ Employee rights and claims when a UK company becomes insolvent: redundancy, wages, holiday and notice pay from the Redundancy Payments Service. Mon, 22 Jun 2026 12:00:00 GMT