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What Is HMRC Time To Pay?
If you find yourself in a situation where you cannot afford to pay your business’s taxes on time, then it is possible to come to an agreement
How To Reduce Business Costs In The Hospitality Sector
The hospitality sector has been one of the hardest hit by the ongoing cost of living crisis, with demand and consumer confidence low and business costs often
What Happens To Creditors In Pre Pack Administration?
Pre-Pack Administration is often viewed as a favourable recovery option for insolvent businesses wishing to avoid liquidation. However, the concept of the business being sold before affected
Can A Winding Up Petition Be Withdrawn?
Discovering that a Winding Up Petition has been issued against your company is a situation that all will wish to avoid. A Winding Up Petition is a
What Is Notice Of Intention To Appoint Administrators?
A notice of intention to appoint administrators is a document filed in court that notifies relevant parties of a company’s intention to enter into administration. The aim
What Is Overtrading & Why Is It A Problem?
When growth is the goal, businesses often find themselves tempted to win or take on as much work as possible. Scaling up in this way is known
Who Can Put A Company Into Administration?
A company in administration gets court protection from possible creditor claims, aiding the exploration of the possible sale of the business, restructuring, or negotiation with creditors. All
How Does A CVA Affect Employees?
A Company Voluntary Arrangement (CVA) often forms part of a successful business rescue plan. These arrangements take the form of a binding contract between a company and
What Is An Insolvent Estate?
Though the concept of insolvency is typically associated with struggling businesses and bankrupt individuals, the problems posed when assets cannot cover debts and liabilities may also occur
5 Tips For A Successful Organisational Restructure
Most struggling businesses will go through a period of organisational restructuring in a bid to solve ongoing challenges. While this process does not involve looking at the
Business Financial Planning Checklist For The New Year
As we get into the swing of 2024, it’s not just personal resolutions that should be on our minds. The turn of the year also provides the
What Is A Pre-Pack Pool?
Insolvent businesses are often sold before their administration is even announced. This is called pre-pack administration - a process where directors can enlist the services of an