Chris Worden at Director First

Directors, Let's Talk About Disqualification… You Might Be At Risk Without Realising It.

I want to talk about something really important today: disqualification. Now, I know what you're thinking: "That's for someone else, right?" But here’s the thing – it could happen to anyone, even you.

Let me break it down for you. Disqualification isn't just for people who are mismanaging their companies or doing shady stuff. It can happen when you miss a filing deadline, or when you're not fully on top of your company’s finances. It's easy to get distracted by the day-to-day grind, but the consequences can be massive.
Imagine being banned from being a director for years. Imagine dealing with the personal liability for your company’s debts. That’s a nightmare for any business owner.

But here's the good news: it's avoidable. It really is. If you stay informed and take proactive steps, you can protect yourself and your career. The sooner you get on top of your responsibilities, the better. I know it might seem like something you don't need to worry about, but trust me – it’s worth paying attention to.

Take a minute, think about it, and make sure you’re covering all your bases. Disqualification isn’t something you want to learn about the hard way.

#businessadvice #businessdebt #liquidation #businessownersuk #insolvency #businesshelp #expertadvice #financialeducation #bouncebackloan #companydirector #insolvency #bouncebackloan #redundancyrights #businessdebt #companydirector #businesstiktok #FinancialWellness #InsolvencyExperts #DebtSolutions #FinanceTips #DebtManagement

10 months ago | [YT] | 0

Chris Worden at Director First

📢 What Is a CVA and How Does It Work? A Quick Breakdown for UK Business Owners!

If you’re a UK business owner grappling with debt, it’s time to talk about CVA—Company Voluntary Arrangement—a lifeline for businesses with potential to recover.

🔎 What is a CVA?
A CVA is a legally binding agreement between your company and creditors. It restructures debt, allowing repayment over 3–5 years based on what your business can afford. Think of it as hitting pause on creditor pressure while you stabilize and rebuild.

✅ Benefits of a CVA:

Keep trading while addressing debt.

Creditors often recover more than in liquidation.

Legal protection against creditor action.

Maintain control of your business.

📋 How it Works:

Financial Review: Assess cash flow, debts, and assets to ensure your business has a future.

Licensed Practitioner: Work with an insolvency professional to draft a fair proposal.

Approval: 75% of creditors must approve the plan.

Execution: Stick to the repayment plan while focusing on growth.

Transparency and realistic repayment plans are critical for creditor buy-in.

If you’re unsure if a CVA is right for you, take early action! Call us at 0800 086 2766 or book a free consultation. Don’t let debt dictate your future—get informed and take control!

Chris Worden, Director First


☎️ 0800 086 2766


book a free call with us here meetings-eu1.hubspot.com/shaun-worden



#businessadvice #businessdebt #liquidation #businessownersuk #insolvency #businesshelp #expertadvice #financialeducation #bouncebackloan #companydirector #insolvency #bouncebackloan #redundancyrights #businessdebt #companydirector #businesstiktok #FinancialWellness #InsolvencyExperts #DebtSolutions #FinanceTips #DebtManagement

10 months ago | [YT] | 0

Chris Worden at Director First

💡 Going into liquidation? Here’s what you need to know!

I’m often asked: “Can you guarantee I won’t get into trouble?”
👉 The truth: No one can guarantee that. It depends on your actions as a director.

If you’ve acted responsibly, fulfilled your duties, and liquidation is the right move, the risk of trouble is very low. But here’s the key:

✅ Be honest with your insolvency practitioner.
If you’ve made mistakes, don’t hide them—they’ll come out anyway. Being upfront helps the process go smoother and avoids bigger problems later.

Remember: Get everything out on the table upfront. The more open you are, the smoother the process can be. Transparency is your best protection. Questions? Let’s talk.

Chris Worden, Director First


☎️ 0800 086 2766


book a free call with us here meetings-eu1.hubspot.com/shaun-worden


#businessadvice #businessdebt #liquidation #businessownersuk #insolvency #businesshelp #expertadvice #financialeducation #bouncebackloan #companydirector #insolvency #bouncebackloan #redundancyrights #businessdebt #companydirector #businesstiktok #FinancialWellness #InsolvencyExperts #DebtSolutions #FinanceTips #DebtManagement

10 months ago | [YT] | 0

Chris Worden at Director First

💡 Going into liquidation? Here’s what you need to know!

I’m often asked: “Can you guarantee I won’t get into trouble?”
👉 The truth: No one can guarantee that. It depends on your actions as a director.

If you’ve acted responsibly, fulfilled your duties, and liquidation is the right move, the risk of trouble is very low. But here’s the key:

✅ Be honest with your insolvency practitioner.
If you’ve made mistakes, don’t hide them—they’ll come out anyway. Being upfront helps the process go smoother and avoids bigger problems later.

Remember: Get everything out on the table upfront. The more open you are, the smoother the process can be. Transparency is your best protection. Questions? Let’s talk.

Chris Worden, Director First


☎️ 0800 086 2766


book a free call with us here meetings-eu1.hubspot.com/shaun-worden


#businessadvice #businessdebt #liquidation #businessownersuk #insolvency #businesshelp #expertadvice #financialeducation #bouncebackloan #companydirector #insolvency #bouncebackloan #redundancyrights #businessdebt #companydirector #businesstiktok #FinancialWellness #InsolvencyExperts #DebtSolutions #FinanceTips #DebtManagement

10 months ago | [YT] | 0

Chris Worden at Director First

What to Do If HMRC Makes You Personally Liable for Company Debts

HMRC is cracking down on unpaid company taxes with Personal Liability Notices (PLNs). These notices can make directors personally responsible for unpaid VAT, corporation tax, and more—even if the company is liquidated.

Key Facts:

Average liability: £290,000

PLNs up 225% last year

HMRC collected £15M through PLNs

If HMRC suspects fraud, neglect, or unfair payments (e.g., prioritising yourself or family over taxes), they can come after your personal assets, including your home or savings.

💡 What You Can Do:

Take early action if your business is struggling.

Prioritise tax payments to avoid red flags.

Seek professional advice if facing financial trouble or receiving a PLN.

Chris Worden, Director First


☎️ 0800 086 2766


book a free call with us here meetings-eu1.hubspot.com/shaun-worden

Don’t risk your future—get informed. Watch our latest video for essential advice on avoiding and handling PLNs.



#businessadvice #businessdebt #liquidation #businessownersuk #insolvency #businesshelp #expertadvice #financialeducation #bouncebackloan #companydirector #insolvency #bouncebackloan #redundancyrights #businessdebt #companydirector #businesstiktok #FinancialWellness #InsolvencyExperts #DebtSolutions #FinanceTips #DebtManagement

11 months ago | [YT] | 0

Chris Worden at Director First

🚨 Directors, Beware of Disqualification! 🚨

Did you know UK directors are being banned for up to 15 years for avoidable mistakes? Losing your directorship could mean losing your career—or even your home.

Common Traps to Avoid:
❌ Misusing Bounce Back Loans
❌ Wrongful Trading while insolvent
❌ Poor financial record-keeping
❌ Preference payments to certain creditors
❌ Mismanagement of company assets

Protect Yourself:
✅ Keep clear financial records
✅ Act early if your business is struggling
✅ Get expert advice to stay compliant

🎥 Watch our full video to learn how we can guide you through your options and help you move forward.

Chris Worden, Director First


☎️ 0800 086 2766


book a free call with us here meetings-eu1.hubspot.com/shaun-worden

Don’t let simple mistakes ruin your future. #businessadvice #businessdebt #liquidation #businessownersuk #insolvency #businesshelp #expertadvice #financialeducation #bouncebackloan #companydirector #insolvency #bouncebackloan #redundancyrights #businessdebt #companydirector #businesstiktok #FinancialWellness #InsolvencyExperts #DebtSolutions #FinanceTips #DebtManagement

11 months ago | [YT] | 0

Chris Worden at Director First

Facing Business Challenges Head-On

🚨 Is your business struggling? You’re not alone. In this episode Chris Worden dives into the real-life journey of Adam, a long-time entrepreneur who had to face the harsh realities of insolvency with his kitchen business.

After thriving through challenges like Brexit, COVID-19, and the cost-of-living crisis, the economy brought new hurdles that pushed his business to the brink. But instead of giving up, Adam sought help and found a way forward.

💡 What You'll Learn:
✔️ The importance of early advice when a business is struggling.
✔️ The reality of insolvency—not the myths, but the real experience from a director’s perspective.
✔️ How strategic planning, like pre-pack liquidation, can save jobs, preserve a business, and offer a fresh start.
✔️ Why having the right guidance can make the process manageable—and even lead to growth in a new venture.

🎧 Don’t miss this inspiring and informative episode!

✅ Listen now to understand how to navigate challenges, protect your business, and explore options you might not even know exist.

🔗 Tune in here 7 CRITICAL INSOLVENCY MISTAKES UK DIRECTORS MUST AVOID

Chris Worden, Director First


☎️ 0800 086 2766


book a free call with us here meetings-eu1.hubspot.com/shaun-worden



#businessadvice #businessdebt #liquidation #businessownersuk #insolvency #businesshelp #expertadvice #financialeducation #bouncebackloan #companydirector #insolvency #bouncebackloan #redundancyrights #businessdebt #companydirector #businesstiktok #FinancialWellness #InsolvencyExperts #DebtSolutions #FinanceTips #DebtManagement

11 months ago | [YT] | 0

Chris Worden at Director First

CAN'T PAY HMRC - HERE’S WHAT TO DO!

Ignoring HMRC debt can lead to serious consequences:
❌ Frozen bank accounts
❌ Asset seizures
❌ Even the closure of your business

But you’re NOT out of options! At Director First, we specialise in helping business owners take back control with solutions like:
✅ Time-to-Pay Arrangements: Spread payments into manageable instalments.
✅ Company Voluntary Arrangements (CVAs): Consolidate debt and regain financial stability.
✅ Pre-Pack Solutions: Save the best parts of your business and get a fresh start.

💡 The key? Acting EARLY. The sooner you act, the more we can do to help protect your business, your assets, and your future.

🎥 Watch our full video to learn how we can guide you through your options and help you move forward.

CAN'T PAY HMRC ?-HERE IS WHAT TO DO!

Chris Worden, Director First


☎️ 0800 086 2766


book a free call with us here meetings-eu1.hubspot.com/shaun-worden


We're here to guide you through the complexities of insolvency and help you find the best path forward. #businessadvice #businessdebt #liquidation #businessownersuk #insolvency #businesshelp #expertadvice #financialeducation #bouncebackloan #companydirector #insolvency #bouncebackloan #redundancyrights #businessdebt #companydirector #businesstiktok #FinancialWellness #InsolvencyExperts #DebtSolutions #FinanceTips #DebtManagement

11 months ago | [YT] | 0

Chris Worden at Director First

🚨 Directors, Are You at Risk of Personal Liability? 🚨

If your company is struggling to pay its bills, you could be facing insolvency—and ignoring it might cost you more than just your business. Your personal assets, like your home, savings, and other investments, could be on the line.

Here’s what you need to know:
⚠️ Insolvency means your liabilities outweigh your assets, or you can’t pay bills on time.
⚠️ As a director, your duties shift to prioritise creditors, not shareholders.
⚠️ Mistakes like wrongful trading or preference payments can result in personal liability.

What can you do?
✅ Know the warning signs of insolvency.
✅ Document every decision to show you're acting responsibly.
✅ Seek advice early—your options are better the sooner you act.

💡Check out the Director First YouTube channel to for more on this subject.

Need help assessing your situation? We offer free, independent advice to safeguard your business and personal assets.

Chris Worden, Director First


☎️ 0800 086 2766


book a free call with us here meetings-eu1.hubspot.com/shaun-worden


We're here to guide you through the complexities of insolvency and help you find the best path forward. #businessadvice #businessdebt #liquidation #businessownersuk #insolvency #businesshelp #expertadvice #financialeducation #bouncebackloan #companydirector #insolvency #bouncebackloan #redundancyrights #businessdebt #companydirector #businesstiktok #FinancialWellness #InsolvencyExperts #DebtSolutions #FinanceTips #DebtManagement

11 months ago | [YT] | 0

Chris Worden at Director First

🚨 Struggling in Business? This Could Be the Breakthrough You Need 🚨
Every business owner faces tough times—whether it's a cash flow crisis, mounting debt, or the constant pressure of keeping everything afloat. But what happens when things get to the point of liquidation? Can you bounce back? The answer might surprise you.
Tune into the Director First Podcast! In this episode, Nick opens up about his personal business journey, revealing how he faced liquidation and how Pre-Pack Administration played a pivotal role in saving his business.
🔑 Key Takeaways:
The Importance of Early Intervention
Rebuilding from the Ground Up
Lessons in Resilience
Nick’s story isn’t just about surviving the crisis—it’s about empowering yourself with the right knowledge and making informed decisions when you feel trapped.
🎥 Watch the full episode on YouTube to hear the full story and get valuable advice on navigating financial challenges, securing your business future, and using Pre-Pack Administration effectively.
Chris Worden, Director First
☎️ 0800 086 2766
book a free call with us here meetings-eu1.hubspot.com/shaun-worden
Whether you're struggling or just want to be prepared for the unexpected, Nick's story proves there’s always a way forward. #businessadvice #businessdebt #liquidation #businessownersuk #insolvency #businesshelp #expertadvice #financialeducation #bouncebackloan #companydirector #insolvency #bouncebackloan #redundancyrights #businessdebt #companydirector #businesstiktok #FinancialWellness #InsolvencyExperts #DebtSolutions #FinanceTips #DebtManagement

11 months ago | [YT] | 0