HELPING UK BUSINESSES IMPACTED BY COVID19
One of the biggest causes of company failure in times of economic recovery are organisations that overstretch themselves to capitalise on a reversal of their fortunes, before they have the firm financial footing to do so. The recent failure and…
The issue of corporate insolvency can be a minefield for company owners and directors. Company directors enter into business because they have the skills and expertise they need to make a living in a particular field. However, as soon as…
As a business advisor and trouble-shooter to small medium and large companies for over 36 years the most frequently quoted troublesome issue for directors is the subject of dividends. How do I take dividends? Should I be taking dividends? What…
Cashflow problems are an all too common occurrence that almost every business will be faced with at one time or another. Cashflow problems will arise for all manner of reasons, from excessive capital and high levels of personal drawings, to…
As a director of a limited company, you should be remunerated accordingly for the work you do. You’ve taken the brave step to set up your own business and live without the security that comes with working as an employee,…
If you’re a Ltd company director whose business is struggling to pay its bills and staring down the barrel of an insolvency, you might be concerned that you could be made personally liable for your business debts. One of the…
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…
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…
A County Court Judgement against a limited company is essentially a court order, issued by a county court, that enforces the payment of a debt. If a creditor has taken reasonable steps to recover a debt, they may then apply…
Business rescue is on the rise. Official Insolvency Service statistics for the third quarter of 2014 show a reduction in corporate insolvencies and an encouraging increase in business rescue procedures. What does this mean for your business? Well, if your…
