Guides

Help with Insolvent Frozen Bank Account

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…

How to Legally Take Money out of a Limited Company

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…

How to Reduce Your Companies Insolvency Risk

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…

What to do about Customer Insolvency?

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…

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