Balancing the accounts is a ceaseless melee; money coming in - with that that’s going out (and at the very last moment where possible!). A toil for every company but for the most part, one that’s managed. Allowing cash flow to sustain and…
A Creditors’ Voluntary Liquidation (‘CVL’) is a commonly-used procedure for closing an insolvent company. There are a number of common business circumstances that can lead to its use and here we explore the “typical reasons for a Creditors …
You may have submitted your DS01 company strike off application to Companies House and be in the unfortunate position of having the application rejected. There will be reasons for the rejection and there is action you can take, which may le…
Bounce Back loans were introduced as a support for UK businesses during the Coronavirus pandemic. For many Directors they were a last resort, the last chance to save their businesses and a chance to survive the pandemic. Many Directors are …
New law is set to target directors who dissolve a business with unpaid pandemic loans. A director trying to dissolve a company instead of liquidating it, may be subjected to investigation by the Insolvency Service (TIS).
A sudden change in the business environment such as COVID may be just one of many reasons for a failing company. So here are 5 things to help with a failing company:
While recent government business loan schemes relating to the Coronavirus may have provided some short term cash flow relief, what of the longer term? What happens when you can’t pay a coronavirus government business loan?