UK businesses that fail to pay invoices on time could soon face multi-million-pound fines, as part of new legislation aimed at tackling late invoice payments UK-wide. The government’s proposals are designed to protect small suppliers, improve cash flow, and reduce the economic damage caused by delayed payments. Stronger Enforcement Powers for the Small Business The
UK businesses that fail to pay invoices on time could soon face multi-million-pound fines, as part of new legislation aimed at tackling late invoice payments UK-wide. The government’s proposals are designed to protect small suppliers, improve cash flow, and reduce the economic damage caused by delayed payments. Stronger Enforcement Powers for the Small Business The
Amelia Chivers and Bradley Ramsay have qualified as solicitors at Machins, marking a key milestone in their careers and strengthening our legal teams.
Two Black employees received £95,000 in compensation after a tribunal found that London and Quadrant Housing Trust (L&Q) discriminated against them during a promotion process. The Equality and Human Rights Commission supported the case, which highlights the importance of fair hiring practices.
A businessman with an exemplary record has been disqualified from being a director after failing to question a VAT fraud at his company. The case involved the Secretary of State for Business, Energy and Industrial Strategy and XE Solutions Ltd. Three of the company’s directors were disqualified for between 11 and 14 years under the Company
The government is introducing new powers to clamp down on directors who dissolve companies to avoid paying their liabilities. Rogue directors may be required to pay compensation to creditors. The new legislation extends the Insolvency Service’s powers to investigate and disqualify company directors who abuse the company dissolution process. The Rating (Coronavirus) and Directors Disqualification
A businessman has failed to get an injunction that would have prevented his company filing accounts and holding board meetings. He also failed to establish that a board room colleague had not been validly appointed as a director. The company involved, which provided finance to small businesses, had been acquired by Mr Katan and Mr
A father has been granted access to information concerning the family businesses of which he was a director. The issue arose because he was in dispute with his son and daughter-in-law, who were also directors. The family business comprised of companies that operated residential care homes. The father and mother established and ran it on
The High Court has ruled that two directors breached their legal duties when they used company property to fund their pensions. The case involved a company that had been incorporated in 1998 to take over a volunteer-run project that renovated and resold donated furniture. In 2001 the company bought a property as its premises. Some
A broker who traded while insolvent and took money from her company for herself while failing to pay creditors £140,000 has been disqualified for seven years. Kathleen Shepherd, aged 58, from Southampton, was the sole director of Shepherd Site Services Limited, a company which acted as a broker to provide waste management services to the
Two financial services directors have been disqualified for continuing to trade and take money from clients while their company was insolvent. Paul Rossi was a director of Independent Derivative Traders Ltd. The company traded as ‘Futex’ and provided access to a financial markets trading platform for sub-contracted independent traders. He was joined in the management