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5 Key Benefits Of Restructuring A Business
Restructuring a business is a large undertaking requiring significant organisational and financial change. However, when carried out correctly, a business restructure offers a huge range of benefits
What Happens To Creditors When A Company Goes Into Administration?
When a company goes into administration, stakeholders will be understandably concerned. While it is often internal stakeholders like employees and directors that are thought of first when
What Happens To Employees In A Pre-Pack Administration?
Pre-pack administration differs significantly from the process of traditional administration as the sale of a business and its assets is agreed upon before an administrator is appointed.
How To Manage Employee Costs Effectively
While employees are undoubtedly one of the most important resources within any organisation, they are also one of the most expensive assets you will have to manage.
Top Tips For Small Business Cash Flow Management
Good cash flow management is essential when operating any kind of business. Cash is needed to pay creditors and therefore poor cash flow management can lead to
What Are The Warning Signs Of Insolvency?
The state of being insolvent is when a business can no longer pay its debts. Insolvency can be very distressing no matter which sector you operate in
5 Top Tips For A Failing Business
Being involved in a failing business is stressful and concerning. Successfully running a business is a huge challenge, and even if you think you have done everything
What Is An Insolvency Practitioner?
If your company is experiencing warning signs of insolvency, you will likely be aware of the role of an insolvency practitioner. Even if there are positive indicators
How Does The Cost Of Living Crisis Impact On Businesses?
2023 has seen the cost of living crisis continue to escalate, with high inflation taking hold following the COVID-19 pandemic and the war in Ukraine. From policymakers
What Is A Statement Of Affairs In Insolvency?
While rescuing businesses is what we always aim to do, sometimes the financial distress faced by a company cannot be overcome and the decision to enter into
What Happens To A Director Of A Company In Liquidation?
While there is always hope that a troubled business can be rescued, it's an unfortunate fact that over twenty thousand companies in 2022 underwent liquidation. The company
5 Potential Solutions For A Profitable But Insolvent Company
It may sound odd but it’s actually quite common for a business that is generating revenue and making a profit to still face potential insolvency. A profitable