Debbie Cockerton currently writes monthly articles for the Independent Certified Practising Accountant (ICPA) newsletter covering all insolvency areas.
Copies of these articles can be found below.
Should you require any further information on any matters discussed in these articles please do not hesitate to contact us.
At DCA Business Recovery, we are always committed to supporting meaningful causes, and this past Sunday was no exception. We are incredibly proud to share that Luke Cockerton, one of our Directors, took part in the Southend 10k run, proudly wearing the Team Carli charity shirt. He was among 25 inspiring individuals who laced up…
For business owners considering winding down their companies, the Members Voluntary Liquidation (MVL) process presents an attractive route. A critical advantage within this framework is the availability of Business Asset Disposal Relief (formerly Entrepreneurs’ Relief). Understanding how this relief works and how it can benefit you during an MVL can significantly enhance your financial outcomes.…
Navigating the financial landscape of a company can be complex, especially during times of financial distress. One area that often raises questions is the treatment of Directors’ Loan Accounts (DLAs) in liquidation. Understanding how DLAs are managed in these circumstances is crucial for company directors. What is a Directors’ Loan Account? A Directors’ Loan…
Navigating the complexities of liquidation can be daunting for both employees and company directors. When a company enters liquidation, it’s crucial to understand your entitlements and the steps to claim them. This article will provide a comprehensive overview, referencing key resources from the UK government. Employee Claim Entitlements When a company goes into liquidation,…
A disclaimer in liquidation is a powerful tool available to liquidators dealing with burdensome property or onerous contracts. When a company enters liquidation, the appointed liquidator assumes control over the company’s assets and liabilities. In certain circumstances, some assets or contracts may impose ongoing obligations that are financially detrimental to the liquidation process. To mitigate…
Boris Becker, the illustrious six-time Grand Slam champion, has emerged from the shadow of bankruptcy with news of his official discharge. After a prolonged legal battle and a journey fraught with financial turmoil, Becker’s successful appeal to an insolvency court marks a significant turning point in his tumultuous saga. In 2017, Becker’s financial woes…
The COVID-19 pandemic brought unprecedented challenges to businesses worldwide. In response, governments swiftly introduced economic support schemes to safeguard jobs and keep businesses afloat. Among these initiatives were loans, grants, and relief programs designed to provide financial lifelines during the crisis. However, alongside genuine recipients, opportunistic fraudsters exploited these schemes, leading to significant consequences for…
In a year plagued by unprecedented challenges, the global brewing industry faced a harsh reality as brewery closures surged by a staggering 82% in 2023. This sharp increase, as reported by The Drinks Business, underscores the profound impact of various factors ranging from economic downturns to shifting consumer preferences. Examining extracts from the report sheds…
In the intricate dance of entrepreneurship, small businesses often navigate a labyrinth of challenges to thrive. However, a new hurdle has emerged in the form of inefficient service from Her Majesty’s Revenue and Customs (HMRC), according to a survey by the Association of Chartered Certified Accountants (ACCA). The findings reveal a staggering two-thirds of accountants…
In the wake of economic turbulence, the recent surge in insolvency numbers, both for individuals and companies, signals a concerning trend that warrants attention. According to recent data released in February, the total number of individual and company insolvencies has seen a notable rise, painting a picture of financial strain and instability within various sectors…