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…
Improve cash flow: credit insurance, invoice finance & asset based lending. When customers cannot pay your invoices due to insolvency the effects on your business cash flow and the ability to pay your commitments can be far reaching. …
Like the Greek God Zeus who governed the daily lives of the mortals by patrolling the skies, credit control presides so that sales revenues increase, by extending credit to those deemed credit worthy; able to pay and pay on time.
Insolvency is not always permanent. As such, for directors with duties, it’s important to know a thing or two about trading whilst insolvent and wrongful trading.
HMRC debt begins to build when a company can’t pay VAT, can’t pay PAYE or can’t pay corporation tax. These are often signs of insolvency. The following details essential action for HMRC debt to manage the financial and legal penalties that …
No one wants to shine a light into that deep, dark corner that is Compulsory Liqudiation, but what do you do if you receive a Winding Up Petition? Foremost, keep your head. Act within 7 days and you can stop the Winding Up Petition from b…