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Author: Robin Tarling

Robin Tarling

Robin Tarling is Managing Director at Bridgewood and plays a leading role in advising clients in insolvency situations.

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Articles by Robin

What is the Cost of Liquidating my Company?

If a company is insolvent and needs to be closed then typically the directors and shareholders will decide to take the company into a creditors voluntary liquidation (CVL). Otherwise known simply as “voluntary liquidation” this is where a licenced insolvency practitioner will be appointed as Liquidator (following resolutions passed firstly by shareholders and then by creditors) over the company.

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Can I Start a New Company after Liquidation?

Directors often ask if they are allowed to start another company having previously had a business which entered into liquidation, or another insolvency procedure.  This article explores the options and potential pitfalls in such a situation. In general terms there is nothing to stop a director from becoming, or continuing to be, a director of …

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Can I Re-use a Company Name after Liquidation?

Directors of a limited company which has gone into liquidation are prohibited from being involved with companies which use the same, or similar, name in the future unless specific procedures are followed.  This is covered under Section 216 of the Insolvency Act and a director needs to carefully consider these before proceeding. What is Section …

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Company Insolvency Statistics for July 2020 show a continued Decline

Introduction Since the start of the Coronavirus crisis, the Insolvency Service has been issuing monthly statistics in addition to the usual quarterly reports in order to provide more timely indicators of the impact that COVID-19 is having on insolvencies.  Company Insolvencies in July In July 2020 there were 955 company insolvencies in England & Wales, …

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Will the Company Voluntary Arrangement (CVA) be more widely used post COVID-19

Company Voluntary Arrangements (CVAs) are one of a number of insolvency solutions available to directors when dealing with company indebtedness.  In summary, a CVA is a formal payment arrangement between a company and usually all of its unsecured creditors.  It is an ideal solution where a business is trading profitably but has a large amount …

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COVID-19 is causing significant Financial Distress for Business – So why are Company Insolvencies so low?

Introduction Since the start of the Coronavirus crisis, the Insolvency Service has been issuing monthly statistics in addition to the usual quarterly reports, in order to provide more timely indicators of the impact that COVID-19 is having on insolvencies.  Whilst the numbers are presented as “provisional” they nevertheless indicate some surprising trends and in this …

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Bridgewood is a trading style of Bridgewood Financial Solutions Limited (Company No: 06957765). Registered Office: Poynt South, Upper Parliament Street, Nottingham, NG1 6LF. Registered in England and Wales.

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Paul Mallatratt (Licence No. 2039) and Louise Freestone (Licence No. 2030) are licensed to act as insolvency practitioners in the UK by the Institute of Chartered Accountants in England and Wales and are subject to their Code of Ethics, available in English at www.icaew.com[...]code-of-ethics-d

In carrying out the regulated profession of Insolvency, the firm is subject to the Insolvency Regulations and Guidance Notes at www.icaew.com/insolvency and the Statements of Practice at www.icaew.com[...]insolvency-regulations-and-standards