Want someone to look into the accounts, give some advice. My concern is the director being liable for the debt.
Without going into details, we have an LTD payment plan with HMRC for not paying LTD taxes for a few years. We also have a bounce-back loan in place. All is being slowly paid now.
one employee and director. PAYE is up-to-date, and both people's payments are up-to-date. The Director HAS taken salary AND dividends.
HOWEVER, our clients are just shutting down their business. So, no income soon.
If I instruct insolvency, will the director, I, be liable for the outstanding bills?
Part of the issue was that we invested in another business, which turned out to be defrauded of large sums of money. We have reported this now only to the police, but as these people are in another country, it is unlikely we will get our money back. Accountant not aware of this yet.
What do I do to reduce/prevent being personally liable
Remote German Language Trainer Needed Category: Education & Tutoring, Education Consulting, German Translator, German Tutoring, Language Tutoring, Teaching / Lecturing, Zoom Budget: ₹400 - ₹750 INR
28-May-2026 10:03 GMT
Android Utility App Development Category: Android, Android App Development, Documentation, Java, Kotlin, Mobile App Development, Mobile Development, Software Architecture Budget: ₹1500 - ₹12500 INR
28-May-2026 10:03 GMT
Strategi Mendapatkan Klien Desain Category: Branding, Content Writing, Data Entry, Excel, Graphic Design, Logo Design, Marketing Strategy, Product Design Budget: $250 - $750 USD
28-May-2026 10:00 GMT
Ecommerce Video Ads Creation Category: AI (Artificial Intelligence) HW / SW, Commercials, Content Creation, Graphic Design, Script Writing, Social Media Marketing, Video Ads, Video Editing, Video Production, Voice Talent Budget: $1500 - $3000 AUD
28-May-2026 09:59 GMT
Automated NSE Future Share List Creation Category: Automation, Data Analysis, Data Collection, Data Integration, Data Management, Data Processing, Data Visualization, Database Management, Excel, Financial Analysis Budget: ₹600 - ₹1500 INR
28-May-2026 09:59 GMT
GoHighLevel AI & Geo SEO Category: AI (Artificial Intelligence) HW / SW, AI Chatbot, AI Content Creation, GoHighLevel, Internet Marketing, Link Building, PHP, SEO Budget: $30 - $250 USD
Global AI Tool Store Affiliate Campaign Category: Advertising, Affiliate Marketing, AI (Artificial Intelligence) HW / SW, AI Chatbot Development, AI Content Creation, AI Development, AI Model Integration, Internet Marketing, Marketing, SEO Budget: min $50 USD
28-May-2026 09:57 GMT
HTML-to-WordPress Migration Category: CSS, HTML, PHP, Web Design, Web Development, Web Hosting, WordPress Budget: $30 - $250 USD
