home  news  study zone  career advice  pq awards  free mag  advertise  contact  nq mag
PQ magazine is for part qualified accountants.

Read the latest web issue here – if you like what you see sign up today

Latest News


New crackdown on reckless directors

12 September 2018

The UK government is to press ahead with new plans to safeguard workers, pensions and small suppliers when a company goes bust.

Under the shake-up bosses will face investigation if they try to escape paying their own staff and creditors by dissolving the company.

The new powers allow the Insolvency service to fine directors or even have them disqualified.

Business Secretary, Greg Clark, said struggling companies will be given more time to rescue the business, which will help safeguard jobs. He explained boardrooms will also have to explain to shareholders how they can afford to pay dividends, alongside capital investment, workers’ rewards, and pension schemes.

[«all news]
preload preload preload preload
Subscribe to RSS