For companies that are struggling under the weight of financial pressure and unable to pay their bills when they fall due, the risk of insolvency is very real. There are a number of options for businesses that are struggling to…
One tool at a creditor’s disposal if they are unable to recover a debt worth more than £750 is to issue a winding up petition against your company. The more creditors that remain unpaid, the greater the likelihood of a…
You might think that once you’ve set up your limited company, you’re free to dip into and out of the company’s profits as you see fit – it’s your company after all. In reality, directors who employ this ‘what’s yours…
The term ‘zombie company’ is one that has been largely coined by the media in recent years, but it does do a reasonably good job of describing the state some companies can find themselves in. A zombie company is one…
Surviving company insolvency can be a juggling act. It is incorrect to assume that every insolvent company is a failing company. In some instances, a company that cannot pay its bills when they become due could be a perfectly viable…
Effective cash-flow management is one of the most critical factors in the survival and growth of a business. As long as you have a saleable product or service, your costs are under control and the business is profitable, there’s no…
We explain how to reduce your company’s risk of insolvency, as well as the warning signs to look out for. You can minimise your exposure to risk via practical business management strategies, as well as decisive action when tough decisions…
An unsuccessful appeal against a decision made by HMRC is not necessarily the end of the road. If you strongly disagree with a decision HMRC has made, you could consider taking the case to the Tax Tribunal. However, before taking…
The risk of major customer insolvency is a universal issue that affects businesses of every size, operating in every sector. If your business generates a large percentage of its income from a single customer, then you’re no doubt aware of…
Company insolvency very rarely comes as a surprise to company directors and there is no need to rescue your business. Occasionally, a substantial unexpected expense will come out of the blue and severely damage a business’s financial stability, but in…
