What is a Turnaround Package?
Running a business can be challenging, especially during tough economic times. If your business is struggling, it can be difficult to know where to turn for help. That's where Beeston [...]
Increase in petition deposits looming
The Insolvency Service is increasing the deposit needed by a creditor, to petition for both bankruptcy and liquidation. This anticipated increase in the deposit required is expected to affect petitions [...]
Re-using a Company Name After Liquidation is Prohibited
It’s vital that Directors and Shadow Directors are aware of the law surrounding company names, especially if a company has been liquidated. A director of a company, prior to insolvent [...]
A Company Director receives a prison sentence for BBL Fraud
Abdulrazag Zagroba was sentenced to 24 months in prison on the 24 June of this year. He was sentenced for Bounce Back Loan (BBL) Fraud. This is the first successful [...]
Success for our Litigation Department
Head of Litigation at Beeston Shenton, Iain Bould, has recently been successful in recovering over ¼ of a million pounds. For a fledgling company, together with Interest, Administration Fees admin [...]
Company Directors banned who misused Bounce Back Loans
Ace Building and Maintenance Services Ltd was incorporated in June 2017. They completed general maintenance work on buildings. Claims made by the Directors Two directors of the business [...]
Insolvency Figures: May 2022
The latest figures state that the number of registered company insolvencies in May of 2022 were 1,817. Which is around 79% higher than in May of the previous year. Plus, [...]
7-year ban for Manchester takeaway boss who abused Covid-19 support schemes
A company, based in Manchester, wrongly claimed £50,000 of support during the Covid-19 pandemic. This was claimed through the ‘Eat Out to Help Out’ scheme and the furlough scheme. [...]
2022 Insolvency
Many businesses began 2022 with optimism and excitement for the return to normality following the Covid-19 pandemic. However, when we take a look at the latest insolvency figures, the optimism [...]
Ban for consultancy director who abused Covid-19 financial support scheme
A director claimed a £30,000 Bounce Back Loan that they were not in fact entitled to. Spending nearly a third of this amount on personal use. The director, Richard Milne [...]