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Insolvency Toolkit for Directors

Published on : 2nd August, 2017 | Updated on : 4th October, 2023
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Worried about your business? Concerned it may be failing? Need help fast but don’t want to meet anybody face to face yet? Get all of our best guides and expert advice on one USB Drive FREE!

This toolkit is available as a discreet USB device ( we do not mention insolvency on the drive itself ). You do not need to be connected to the internet to read all the guides to your options.

What does it cover?

  • The tests for insolvency
  • Establishing if your business is viable.
  • How to ask for time to pay your debts to HMRC
  • Extensive guides on pre pack administrations, liquidation, company voluntary arrangements.
  • A guide to all the legal actions that creditors might take and the issue of personal liability.
  • What is an overdrawn directors account and why does it matter.
  • How to raise finance to ease cashflow pressure.
  • Your duties as a director of an insolvent company.

Just plug in the drive and you can easily navigate to all the menus.

The USB drive also includes

  • Dissolution programme with all the letter templates and resolutions.
  • A time to pay programme with all the letters and information needed to ask HMRC for more time to pay VAT/PAYE
  • Daily cashflow spreadsheet to help you budget.

Order your free toolkit and start taking action to save your business now. Please email robertm@ksagroup.co.uk to receive your complementary copy in the post.

You can also request our FREE 80-page guide for worried directors here. We answer any questions you may have and provide detailed explanations on several insolvency issues.  

Jetline Travel in Administration After It Stopped Trading

In March, Jetline Cruise's parent firm, Jetline Travel, which was established in 2000, stopped trading as an ATOL-protected travel agency. According to reports it has now gone into administration.The company operated under a number of brand names at the time, including Save on Sun, Bargain Late Holidays, Best Priced Holidays, Cruise and More, and Elegant Getaways.Jetline Travel reported an operational profit of £655,000 and a turnover of £28.1 million in 2023. 5,000 customers—the majority of whom had reservations for cruise vacations—were impacted when the company stopped operating as an ATOL operator in March.Due to a "breach of contract" with Jetline, a number of well-known cruise reservations with companies like Princess, Cunard, and Holland America have since been cancelled. The Civil Aviation Authority (CAA) released advice for impacted passengers in early March: "If you are currently abroad and have a scheduled flight e-ticket, the flight is still valid for your return trip." Kindly check in with the airline as usual. We are obtaining data from the business and will shortly offer more instructions on how to make a claim for reservations that are ATOL-protected"Bookings that solely include lodging, non-flight packages, or cruises without flights are not covered by the ATOL scheme, the CAA confirmed."Jetline Travel Ltd. acted as an agent for other ATOL holders," they continued. Jetline's ATOL does not safeguard these reservations. To find out who is providing protection, look at the 'Who is protecting your trip?' section on your ATOL Certificate. Get in touch with the ATOL holder directly if they are still operating.Jetline is represented in the travel industry by the Advantage Travel Partnership, whose representative apologised for the incident. They expressed their sadness at Jetline Travel's closure to The Independent. "Since 2015, they have been a valued member, and we are thinking about the impacted consumers and employees."Anyone who has a cruise-only trip booked, or one with just accommodation that doesn't have flights included, are not protected under ATOL.

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Jetline Travel in Administration After It Stopped Trading

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