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How To Measure Profitability & Prevent Financial Pitfalls
There are many different ways to assess the financial performance of your business, however profitability is the most obvious indicator of how well your company is doing.
5 Of The Most Common Small Business Challenges
Running a business never comes without its challenges, however running a small business can come with its own unique set of obstacles. In order to make your
What Is Phoenixing A Company & Is It Legal?
A ‘phoenix company’ is formed when the assets of an insolvent company are purchased, usually by the company’s directors, during an insolvency process. Reflecting its definition in
Struggling With HMRC Tax Arrears? Here’s What To Do
If a business has failed to pay their taxes on time, they may find themselves struggling with HMRC tax arrears (unpaid debts that are overdue). It’s not
How Long Can A Company Be In Administration For?
Administration protects companies from creditor pressure, giving them a period of time to focus on restructuring or selling the business. By providing an automatic stay on any
What’s The Role Of Financial Restructuring In Business Rescue?
Financial restructuring involves making significant changes to a companies’ financial structure and priorities, with the aim of making it more profitable. Restructuring is a practical business rescue
5 Key Elements Of Business Restructuring
Business restructuring is a significant process in which a company reorganises the organisational and financial priorities of their company. Business restructuring is most commonly used by companies
What Is Administrative Receivership?
Administrative receivership is a process that may be instigated by a lender to recover debt in the event that the company has breached the terms of the
What’s Involved In A Company Rescue Plan?
It’s a common misconception that the only option available for struggling businesses is liquidation, i.e closing the company down. Whilst liquidation may be the best option for
What Happens To Personal Guarantees In Insolvency?
When a director takes out a loan on behalf of a company, the lender may ask them to provide a personal guarantee. This is a written agreement
What Are The Benefits Of A Company Voluntary Arrangement?
What Is A Company Voluntary Arrangement? If your company is insolvent then you may have the option to enter into a Company Voluntary Arrangement (CVA). This is
What Are The Grounds For The Disqualification Of Directors?
Being disqualified as a director can have serious implications on your professional and personal life. A director is at risk of being disqualified if they fail to