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...

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. Below, we’ll explore what insolvency means...

“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....