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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
New HMRC Insolvency Guidance Shortens Members Voluntary Liquidation Process
The time it takes to conclude the members voluntary liquidation (MVL) process is set to reduce, following new guidance issued with immediate effect by HMRC. HMRC will
5 Benefits Of Requesting An Independent Business Review
An Independent Business Review (IBR) is typically carried out by an insolvency practitioner on behalf of stakeholders, banks or lenders concerned about the financial position of a
3 Reasons To Contact A Business Rescue Expert This Winter
There’s something unique about the end of the calendar year. Festivities are in full swing, and the promise of the new year is the perfect opportunity to
What Are The Biggest Challenges For Small Businesses Ahead Of 2024?
With 2023 rapidly coming to a conclusion, businesses are starting to gear up to hit the ground running in 2024. The new year is the perfect time
5 Company Restructure Myths Busted
Company restructuring involves altering the organisational structure of a business to boost profitability and improve competitiveness. These kinds of changes are often met with significant apprehension, as
What Are The Downsides Of Company Voluntary Arrangement?
If your company is struggling to repay its debts to creditors, you may be considering entering into a Company Voluntary Arrangement (CVA). A CVA can be a