How to Avoid Wrongful Trading: A UK Director’s Guide
Wrongful trading is one of the biggest concerns for directors of companies experiencing financial difficulties. If you continue trading when there is no reasonable prospect of avoiding insolvent liquidation or administration, you could face personal liability under the Insolvency Act 1986. The good news is that wrongful trading claims are often avoidable. By understanding your […]
Personal Liability Risks for Company Directors
One of the biggest misconceptions in business is that incorporation provides complete protection. While a limited company structure separates personal and business finances, directors can still face personal liability in certain circumstances — especially during financial distress. Understanding these risks is essential for responsible decision-making. Trading While Insolvent If a company continues trading when it […]
Signs It’s Time to Consider Administration
Administration is a formal insolvency process designed to protect a company while options for rescue, restructuring, or sale are explored. It can provide breathing space when financial pressure becomes serious. Here are key signs it may be time to consider administration. Persistent Cash Flow Problems If your company regularly struggles to: and short-term fixes are […]
What Happens when a Creditor issues a Winding Up Petition?
For many company directors, receiving a winding up petition is one of the most serious financial situations a business can face. It is often the final stage of debt recovery before a company is forced into compulsory liquidation. Understanding what a winding up petition means, how the process works, and what options are available can […]
Middlebrooks Opens Sunderland Office Following Katie McLachlan’s Appointment to Official Receiver Rota
Middlebrooks Business Recovery & Advice has announced the opening of a new office in Sunderland, marking an important expansion of the firm’s presence across the North East and strengthening its ability to support businesses experiencing financial difficulty. The expansion follows the appointment of Katie McLachlan to the Official Receiver’s rota in the region, further enhancing […]
BrewDog – What happened to the much loved brand? An Insolvency Practitioners Viewpoint..
The Facts Insolvency Specialists and turnaround advisors, such as the firm that acted on BrewDog’s behalf in this process will typically assess transactions against these key criteria. 1. Maximising Realisable value for the Estate A core duty of an IP is to achieve the best possible outcome – that can mean rescuing a business, selling […]
Fife Business Services Limited – Middlebrooks new instruction
Katie McLachlan of Middlebrooks Business Recovery and Advice has been engaged to assist with placing Fife Business Services into Liquidation. The Liquidator will be appointed on 11 December 2025. The director, Catherine Maciocia, made the extremely difficult decision to close the business on 26 November 2025 and as a result the 5 employees were made […]
How a Shared Vision Led to Our Company’s Recent Triumph
In the modern business world, success is rarely the result of one individual’s efforts. At Middlebrooks we have a culture to be prove of in our Team Archive – Middlebrooks Advice. Success is often the culmination of collaboration, synergy, and a shared vision among team members. Recently, our company had the honor of winning the […]
The Scottish Institute of Theatre, Dance, Film and TV Limited – In Liquidation
Katie McLachlan of Middlebrooks Business Recovery & Advice Limited was appointed as Interim Liquidator of The Scottish Institute of Theatre, Dance, Film and TV Limited, with effect from 6 May 2025. The company ceased trading with immediate effect. As the Institute is no longer trading, it will not be in a position to fulfil or […]
Claire Middlebrook, Founder of Middlebrooks Advice, Addresses Industry Misconceptions and Financial – Mental Health Link
Industry leader and member of the R3 Insolvency Committee says dispelling misconceptions about insolvency practitioners can help improve the mental health of people struggling with debt. Edinburgh, UK, Aug. 28, 2024 (GLOBE NEWSWIRE) — The UK has been contending with a cost-of-living crisis for the past few years, where rising prices of many goods have […]