Finance FAQs

“What exactly is an EFG’ and how could it affect me? Can you provide free advice?” The Enterprise Financial Guarantee, or ‘EFG’ was first introduced...

Can’t Pay Company Suppliers? With the UK’s economic situation post Coronavirus, you can be very sure you’re not alone. All across Britain, companies are struggling...

Creditor pressure can be unbearably stressful. Trying to make ends meet when your business is struggling financially and facing cash-flow problems are common challenges faced...

The question of how much cash you need in your business is one all company directors need to seriously consider. Poor cash-flow management is one...

What is a winding up petition? A winding up petition is the application for a forced/compulsory liquidation of a limited company or partnership. This is usually initiated by a...

Becoming the director of a limited company brings with it certain fundamental responsibilities laid down in the law. When these are not adhered to, directors...

Statutory demands are written warning letters sent by creditors, and a necessary precursor to either bankrupting a debtor, or petitioning to wind up a limited...

In the highly stressful situation where your business is in severe financial difficulties it can be tempting to make very risky decisions. Doing so can...

“Can you help with business funding and alternative finance for our business?” One of the biggest perceived hurdles for SMEs today is the perception that...

Below, we explain what insolvency means in detail. If you’re unsure of your situation, consider using our insolvency test. Or speak with one of our...

A director’s loan account (DLA) is simply a record of transactions between the director and the company itself, outside of the normal salary, or dividends....

Insolvency is a very sensitive area for many directors and rightly so. For a lot of directors their company has emotional ties and simply shutting...