Guides

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…

The advice in this article is not intended to replace tax advice from accountants but is intended to provide an alternative view from a turnaround consultant. I spend a significant part of my time rescuing directors from unpleasant situations involving…

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…

Running a small or medium-sized business is already difficult enough for business owners without a customer’s cash-flow increasing your company insolvency risk. Late Invoices trigger Insolvency Having key customers that are struggling financially is one of the leading causes of…

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…

In the first part of our guide, we took a look at how to identify whether the insolvent company is insolvent, and introduce some of the options that can help to keep your business trading. This included reaching an informal…

If you have an insolvent company and the business is struggling financially then it is your job, as a company director or owner, to understand your options and the potential consequences. There is plenty of professional advice available from sources…