Jon Rudd
An experienced operations manager and insolvency expert who excels at streamlining processes and putting the customer first at all times.
Articles by Jon
Insolvency Waterfall: How Creditors Are Paid
30th Nov, 2025
When a company enters administration or liquidation, the insolvency practitioner takes control of its assets and distributes them to creditors. This process follows a strict legal framework known as the insolvency hierarchy, which determines the order in which creditors are paid.
What is Wrongful Trading and Why it Must Be Avoided
15th Nov, 2025
Wrongful trading occurs when directors continue trading once they know, or should have known, that the company cannot avoid insolvent liquidation. At that point, directors must stop trading and take every step a reasonably diligent person would take to minimise loss to creditors.
How To Close A Company Wih HMRC debts
11th Sep, 2025
Attempting strike‑off with HMRC arrears almost always fails. HMRC routinely objects, viewing the move as deliberate tax avoidance, and may escalate matters by filing a winding‑up petition. This forces the company into compulsory liquidation, triggers a formal investigation
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