Insolvency Archives - Arthur Boyd & Co

What is a Members’ Voluntary Liquidation (MVL)?

What is a Members' Voluntary Liquidation (MVL)? An MVL is a formal liquidation process that closes a solvent company in a tax-efficient manner. The purpose of an MVL is to distribute the assets to the shareholders as capital rather than income, making it a popular option ...

Could the end of the Furlough Scheme trigger a debt crisis?

Could the end of the Furlough Scheme trigger a debt crisis? As the government furlough scheme draws to a close at the end of September 2021, thousands of workers could be facing redundancies and job losses and could therefore be plunged into debt. Those who are already car...

I need help with debt, could an IVA be right for me?

What is an IVA? An IVA is a way of dealing with your debt, protecting your assets and avoiding bankruptcy. An Individual Voluntary Arrangement (IVA) is a private, legal contract between you and your creditors. How much you pay...

How to deal with problem debt

Dealing with problem debt If you are struggling with problem debt, you are not alone. More than eight million people in the UK are reported to have financial difficulties. It can sometimes feel that there is no end in sight, but there are solutions. The...

The difference between legal and illegal dividends

Legal v illegal dividends There are many differences between legal and illegal dividends that as a business you need to be aware of. Changed business conditions in light of the Coronavirus pandemic have caused many companies to review thei...

Top tips to avoiding a debt hangover this Christmas

Avoiding a debt hangover this Christmas Christmas is depicted as the most wonderful time of the year. For many though, Christmas can ultimately be the most worrying and stressful time of the year. With so much pressure to have the ‘perfect’ Christmas, buy the ...

Does your business trade with the EU? You’ll need an EORI number after Brexit.

What is an EORI number and who needs one? An Economic Operator Registration and Identification (EORI) number will be needed for UK businesses to be able to continue to trade with the EU after the UK leaves the EU. If there is a no-deal Brexit In...

Closing a business – when a Members Voluntary Liquidation is beneficial

Closing a business – when a Members Voluntary Liquidation is beneficial Members Voluntary Liquidation (MVL) Although it is possible to strike off a company and for distributions made prior to dissolution to be treated as capital rather th...

My work experience with Arthur Boyd & Company

My work experience with Arthur Boyd & Company The job of an Accountant / Insolvency Practitioner! I’m a sixth year student at St. Dominic’s Grammar school in Belfast, studying 4 A Levels in Biology, Psychology, Spanish and Busi...

HMV… and so it begins. How to protect yourself.

HMV... and so it begins. How to protect yourself. We had barely finished the Christmas turkey when the news broke that HMV had been placed into Administration, with 2200 jobs at risk. The Administrator has confirmed that gift cards will continue to be honoured. The backlash re...

What our customers have to say:

Arthur Boyd & Company prepare our annual accounts and provide assistance with book-keeping and management accounts as and when we require it. They make the process simple and hassle free and explain everything in detail. We liaise with them on a regular basis and find them prompt, efficient and easy to deal with. They provide advice on all sorts of matters such as pricing/margins, business expansion, director’s duties and tax implications of potential transactions, in clear, concise terms which are easy to understand.
Mauds Ice Creams Ltd
"I found the process of winding up my company very easy and quick, thanks to your help and guidance. Throughout the process, your communication was prompt and clear."
Director of an owner managed company, wound up by way of a CVL
"We have been with Arthur Boyd & Company from the very beginning. The staff are always friendly, professional and helpful. They have provided us with sound business and tax advice throughout the years, and really do go the extra mile to help. We are very happy clients and will continue to use their services."
Bell family, hauliers & farmers
"I wish I had contacted the team at Arthur Boyd & Company earlier, but when I did, it was a weight off my shoulders. I thought I had no options, but they sorted out my financial issues and I can now get on with my life."
Past IVA client
"Arthur Boyd & Company have worked very closely with us over the years. They do so much more than simply prepare our accounts and tax returns. We often phone them for advice or simply to sound out ideas. Their support has been invaluable."
Fegan Transport Ltd
"Arthur Boyd & Company were a great source of comfort for me. I was going through a tough time with my finances and they really helped me get through it with their advice and guidance. I would recommend them to anyone."
Past IVA client

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