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Debt collection: How can you protect your business when customers call in the bailiffs?

Disputes between businesses and customers are common. If you can’t agree a settlement, your business may be called to the Small Claims Court or a higher court. If the judge rules against you, and your ex-customer wins either their money back, damages, or both, you’ll need to pay up. If you can’t pay, or won’t pay, it’s likely that the bailiffs will come knocking. So what can you do to help protect your business when this happens? Stopping bailiffs at the door Bailiffs cannot attempt to take control of goods…

Guide to Duties and Responsibilities of Directors of Limited Companies

Here is a short overview of the general duties of directors. Who is a Director? You will normally know if you are a director as you will have formally accepted the position. However, if you exercise sufficient influence over a company or act as if you are a director, you may be treated as a director for certain purposes even if not formally appointed. Should you be a Director? Certain people are prohibited from acting as a director, including person under 16 years of age, bankrupts, disqualified persons and a…

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