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 current economic situation as a result of Coronavirus you can be very sure you’re not alone. All across Britain,...

Creditor pressure can be unbearably stressful. Trying to make ends meet when your business is struggling financially and maintaining a healthy level of cash-flow are...

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...

A statutory demand against a company is a formal, legal warning from a creditor, that is sometimes used as a key part of a serious...

This article will explain the concept of wrongful trading in detail, and how this may affect you if you’re the director of an insolvent company....

“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...

Both individuals and companies can be described as ‘insolvent’ but, for individuals, bankruptcy is a more commonly used term than insolvency. Insolvency is when when...

“I am trying to raise some cash to help my company trade on. Can I sell my company’s stock and assets to raise some cash?”...

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...