Director Penalty Notice: What To Do and When.
If you’ve received a director penalty notice it’s critical you act immediately to avoid further complications.
The effect of a DPN is to transfer part of the unsatisfied liability of the company to the Directors of that company. That means that the Directors are personally liable for the debts of the company. Once a DPN has expired there is no comeback; the debt transfer is irrevocable.
Unlike traditional accounting firms we look beyond the receipt of a DPN and into your background to help us both better understand what has led to the issue in the first place.
This often means we gain insight and can find the cause of the problem meaning we can fix it once and for all.
Contact us today for accurate and relevant advice.