Recruitment Company Administration Case Study
Company: Recruitment Company – Building sector Type of Work: Administration and Pre Pack Overview My Insolvency were introduced to the board of the recruitment company by the company’s bankers (“the Lender”), following some significant bad debts being suffered. The lender was concerned that the board was not communicating properly with them and had failed to […]
What is a Director’s Loan Account?
What is a Director’s Loan Account? As a director of a limited company, you can both withdraw and lend money to your business, the record of these transactions is called a director’s loan account (DLA). These particular transactions do not include salaries and dividends. DLA’s can become complex so it is vital that company directors […]