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What Happens After A Company Voluntary Arrangement?
A Company Voluntary Arrangement (CVA) can be a vital lifeline when a business is in trouble. This binding contract between a company and its creditors ensures that
5 Top Tips For Running A Successful Startup Business
It’s no secret that creating a successful startup is a challenge. Entrepreneurs are up against established brands with limited resources in a tough economic climate and many
Why Is Cash Flow Management Important For Small Businesses?
Cash is king in business; it pays creditors and suppliers, allows businesses to expand, and provides a buffer should things go wrong or unexpected expenses arise. These
What Is The Difference Between Fixed And Floating Charges?
When businesses borrow, the lender will require some kind of security as reassurance that their money can be recovered should the business in question fail to make
What Is A Trade Sale Of A Business?
There are a number of circumstances in which it might be preferable to exit a business. Whether you no longer want to be involved in the running
What Is The Benefit Of Forming A Committee Of Creditors In Insolvency Proceedings?
Creditors are well within their rights to establish a creditors’ committee during an insolvency process to obtain firmer control over the situation. A committee consists of up
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Can A Winding Up Petition Be Withdrawn?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