Wilson Field
@wilson_field
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Wilson Field is an established firm of Insolvency Practitioners which specialises in business recovery and corporate financial solutions.
Sheffield
Joined May 2011
🟢 If your company is suffering from cash-flow issues and debt, it is possible to write off those debts and start again. This can be done through one of several procedures. Each situation is unique, so it's essential to take advice. Read more: https://t.co/uTucg8FOCJ
wilsonfield.co.uk
Your business which is struggling to meet its liabilities and isn't as profitable as it was. It is possible to write off company debts and start again.
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⭐⭐⭐⭐⭐ Thank you for the positive review! Speak to our initial advisers for free, impartial, confidential advice without obligation by phone or online chat. 📞💬
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🔴 If you can’t afford to pay your business rates, the council can take action to recover the amount owed. Should this happen to your business, there are options available to deal with this type of insolvency. Read more: https://t.co/O11hKpR78Z
wilsonfield.co.uk
If you can't afford to pay your business rates, there are options available to help you deal with this type of insolvency. Speak to us for more advice.
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🔴 A CCJ issued against your company is a court order confirming that a debt is owed to a creditor and has not been repaid. It can negatively affect its credit score and lead to further enforcement action. Read more: https://t.co/O04lHtyjMD
wilsonfield.co.uk
A CCJ encourages a company to repay what it owes. Failure to do so can mean a damaged credit rating, more creditor action and even closure of the company.
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🔴 If your company can’t pay its tax bill, HM Revenue & Customs (HMRC) can take action to make the company repay what it owes. This action could include County Court Judgments (CCJs) and, at worst, a winding-up petition. Read more: https://t.co/6ZYKGAcLlf
wilsonfield.co.uk
If your company can’t pay its HMRC tax bill, HMRC can take action to make the company repay what it owes. Contact us for tailored advice.
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🔴 Directors can take dividends if there are sufficient profits to cover them. Where low funds or a negative cash flow won’t allow it, doing so would create an ‘unlawful dividend’. Read more: https://t.co/ZXrb399QMN
wilsonfield.co.uk
Where low funds or a negative cash flow won’t allow it, taking dividends without sufficent profits would create an ‘unlawful dividend’.
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We're hiring! 💼🙌🎉 We are looking for a Telesales Operative to join our small in-house team in Sheffield. Read further details on our recruitment page: https://t.co/G9SDveIEtA
wilsonfield.co.uk
A vacancy has arisen in a small, busy telesales team of an insolvency practice.The role is to generate leads and set appointments for Senior Consultants, within a friendly sales team at our Head...
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⭐⭐⭐⭐⭐ If you need advice on tackling your company's debts, our initial advisers are available by phone and online chat, providing free, impartial, confidential advice with no obligation. 💬📞 Thank you for the positive feedback.
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🟢 If you want to formally close your insolvent company, a CVL is the most appropriate option. The costs can vary depending on the company’s circumstances, and if the process is unaffordable, an alternative solution could still be viable. Read more: https://t.co/3AhbvJAeSG
wilsonfield.co.uk
If your company is insolvent and you can't afford liquidation, the sale of company assets can help pay for the process. We can offer free tailored advice to your situation.
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🔴 A solvent company can pay its bills and liabilities when they fall due. An insolvent company can't. This may be coupled with cash flow difficulties, creditor pressure, or liabilities and outgoings greater than the company’s assets. Read more: https://t.co/YOOrU9m8N6
wilsonfield.co.uk
You can determine your company's solvent position by running three different tests. A cash flow test, balance sheet test or a legal action test...
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🟢Directors can walk away from a limited company with debts, but whether they can without legal or financial consequences depends on how the company was managed, the nature of its debts and if personal guarantees were made. Read more: https://t.co/mCMgmWZbSO
wilsonfield.co.uk
While there are options that allow companies to recover from their debts, can you walk away from a limited company with debts?
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🔴 If you need to close a dormant company, the appropriate process depends on whether the company is solvent or insolvent. We can assess your situation and help you decide the best route forward. Read more: https://t.co/usHKHue2sl
wilsonfield.co.uk
How do you close a dormant company? There are options including a dissolution, MVL or a CVL dependent on your businesses circumstances.
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⭐⭐⭐⭐⭐ Thank you for the feedback! For free, impartial, confidential advice with no obligation, speak to our initial advisers via phone or online chat on our website: https://t.co/tmGaD3IFBO 📞💬
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🟢 The liquidation of a company in a franchise agreement begins the same as with any other company. Speak to us if you’re a director considering liquidating your company, and we’ll guide you through your available options. Read more: https://t.co/zgoARXZBKW
wilsonfield.co.uk
Liquidating a company in a franchise can be complicated. If you're a director considering liquidating, speak to us, and we’ll guide you through your options.
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🟢 In most situations, as a company director, you won't be personally liable for company debt in liquidation. The company is a separate legal entity from the directors and shareholders, protecting you via limited liability. Read more: https://t.co/wGtM6Mc7yl
wilsonfield.co.uk
In most situations as company director, no, you will not be personally liable for company debt when closing your company...
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🔴 A liquidator’s role will vary depending on whether the company is solvent or insolvent. Regardless, a director will need to instruct a licensed insolvency practitioner to carry out the appropriate liquidation. Read more: https://t.co/N6HexQCccG
wilsonfield.co.uk
What is the role of the liquidator? Their role in a CVL, MVL and compulsory liquidation are all different and we explain more.
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🔴 If you’re concerned about your company's financial position, it’s important to take advice as soon as you can. Going straight to an insolvency practitioner will remove any possible unregulated advice. Read more: https://t.co/jRqctMxrUt
wilsonfield.co.uk
If you are facing financial difficulties, it's important to speak to a licensed insolvency practitioner. You can call us for free, confidential advice.
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⭐⭐⭐⭐⭐ Thank you for the positive feedback! For free, impartial, confidential advice with no obligation, speak to our initial advisers via phone or online chat on our website: https://t.co/tmGaD3IFBO 📞💬
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🔴 Insolvency is a financial state wherein a company is unable to pay debt on time, and there's no feasible way of paying them in the future. Thankfully, there are several debt solutions available if your company becomes insolvent. Read more: https://t.co/eqGOnX0PXG
wilsonfield.co.uk
Insolvency is a financial state in which a company or individual is unable to pay its debts on time and with no feasible way of paying them in the future.
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🔴 When your company enters insolvent liquidation, how a director’s loan account (DLA) is treated depends on if the account is in debit or credit. Read more: https://t.co/Udy5YdHJm3
wilsonfield.co.uk
Directors may take money from their company through a Director’s Loan Account. Issues can arise if the loan isn't repaid and the directors liquidate or close the company.
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