United Kingdom: Insolvency/Bankruptcy

When a company is unable to meet its debt obligations, a creditor's natural course of action is to file a winding-up petition. If granted, the company goes into liquidation and its assets are distributed among creditors.

We recently wrote about the case of Medpro Healthcare Limited & Anor v HMRC [2025] UKUT 255 (TCC), which held (in a rare split decision) that the earlier Upper Tribunal (UT) decision in Martland v HMRC [2018] UKUT 178 (TCC) was "clearly wrong" in its determination...

The UK National Crime Agency reported, on 16 July, that 11,500 UK companies had been struck off Companies House register over the last year for failure to comply with the Registered Office requirements under the Companies Act 2006.

The change of government and its move to apply VAT to school fees from January 2025 was an inflection point that was widely anticipated to have a significant impact.

The High Court has allowed a majority creditor's application to remove administrators of a company on the grounds that they had a conflict of interest which...

At-a-glance case summaries provided by the Gatehouse Chambers' Insolvency Team...

In an ever-evolving UK economy, insolvency is a challenging, yet sometimes inevitable, aspect of business operations. When insolvency is caused by fraud, the repercussions can be severe...

This morning, the Court of Appeal (Zacaroli, Males and Jonathan Baker LJJ) handed down judgment, in a second appeal, on an "important" point on the scope of the catchily...

Deciding between a liquidation or a strike-off is part of the company wind-down process. Learn the benefits and downsides of either option.