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What are Employee Rights When a Company is Insolvent?

If an employer enters into insolvency then it is understandably an extremely anxious and worrying time for the employees. Thankfully, there are special arrangements for employees who are dismissed as a result of the insolvency of their employer. The National…

Can you Sell Your Insolvent Company?

Anyone looking to buy a failing company will have to tread carefully. The fact that a business has entered into administration or liquidation means there are severe financial problems that need to be resolved. There might be pressure from creditors…

What are the Warning Signs of Business Insolvency

These include: Insufficient cashflow – If your company consistently lacks the funds to cover essential operating expenses it’s simply a matter of time before it becomes insolvent. Overdraft Limit – If your company is also functioning at the limit of…

How Much Do You Know About Your Debtors?

In previous posts we have discussed the growing problem of late payments and the knock-on effect on cash-flow management in small and medium-sized enterprises. With the value of unpaid invoices in the UK currently in excess of £40bn, what, if…

Is the Prompt Payment Code Protecting SMEs?

The prompt payment code, explained. The problem of late payment has been widely publicised in the last few months, with an increasing number of small and medium-sized enterprises (SMEs) struggling to make ends meet. Despite government guidance that encourages small…