How to Stop a Winding Up Petition
A winding up petition is one of, if not the biggest red flags a business can receive. It represents the most severe action a creditor can take against a business. Unless dealt with quickly, a [...]
Can a Shareholder Liquidate a Company
There are many reasons why a shareholder may want to liquidate a company. Perhaps they believe that the business does not serve a purpose anymore, or maybe they wish to retire or move abroad. Other [...]
Can a Company Liquidation be Reversed?
Liquidation usually means the end of a business, its final journey before the shutters come down for good. But can a company liquidation be reversed? As with most things in business, the answer is not [...]
How to Determine a Company’s Liquidity
The liquidity of a business is extremely important, as it demonstrates the firm’s ability to meet its financial obligations and any unexpected costs. Put simply, the greater the amount of liquid assets, the better the [...]
Can Business Debt Affect Personal Credit?
Whether you are just setting up a company, or your firm is in financial stress, it is essential to understand if a business debt can affect personal credit. While personal finances are usually kept separate [...]
What are the Benefits of Business Intelligence?
In today’s fast-paced and information-driven market, business intelligence (BI) has become even more important. The quality of financial reporting that is required by internal and external stakeholders, such as regulators, has to adhere to incredibly [...]
How to Respond to a Statutory Demand
Receiving a statutory demand is a serious warning that your company could be in financial difficulties. Should you end up having one land on your doorstep, it is essential that you seek specialist and independent [...]
Are You Ready for Furlough Scheme Compliance Checks?
The Coronavirus Job Retention Scheme (CJRS) was introduced by the UK Government in March 2020 to combat the global pandemic. Considered to be a lifeline for many businesses, it enabled firms to put their [...]
Can I Set Up a Limited Company with an IVA?
When Individual Voluntary Arrangements (IVAs) were first set up, they were actually designed with the interests of business owners in mind. Indeed, the 1986 Insolvency Act actually introduced IVAs as a method for company directors [...]
A Guide to Dealing with Tax Debt Problems
If your company has outstanding tax debt problems with HMRC, such as Income Tax (PAYE) or VAT, it is essential that you seek a resolution as soon as possible. This is because they are classified [...]