How Much to Offer Creditors in Full Settlement?
If you are struggling to cope with your debt, it is first of all important to understand that you are not alone. After all, circumstances can change to make what was once a manageable amount [...]
Can a Disqualified Director be a Shareholder?
All company directors have a legal obligation to act in the best interests of the business and its shareholders. They must exercise reasonable diligence and do all they can to avoid conflicts of interest. Failure [...]
Handwritten Job Application by Teenage Steve Jobs Fetches Over £200,000 at Auction
A job application written by the late Apple co-founder Steve Jobs as a teenager has been sold for more than £200,000 by auctioneers Charterfields, instructed by Manchester-based corporate recovery firm Inquesta and Begbies Traynor of [...]
6 Supply Chain Cost Reduction Techniques
Struggling with rising supply chain costs? You aren’t alone. In today’s complex global economy, the process of managing supply chain expenses is getting harder and harder. But with the right strategies, you can significantly reduce [...]
Are Shareholders Liable for Limited Company Debt?
If you are a business' shareholder, you may have concerns and be wondering 'are shareholders liable for limited company debt should the worst happen?' The good news is that in the vast majority of cases, [...]
How Long does it Take to Liquidate a Limited Company?
Whether due to financial pressure, cash flow challenges, or the natural winding down of a business, liquidating a company is a significant decision that requires careful consideration. Many business owners wonder, “how long does [...]
What is the Difference Between Dissolving and Liquidating a Company?
Both liquidation and dissolution are ways to close down a business. However, it is a common misconception that they are one and the same thing and in reality that could not be further from the [...]
How to Calculate Redundancy Pay when a Company goes into Liquidation
One of the hardest parts of a business entering into liquidation is always the loss of employment for the workforce. In most cases, these people who have worked hard for months with the uncertainty of [...]
The Company Liquidation Process [Tips to Help You]
The company liquidation process is comparable to navigating a long and winding road in the dark — there are potential dead ends and stumbling blocks around every corner. That is, unless you have an [...]
How to Make Workers Redundant
As a business owner, having to make workers redundant is a prospect you never want to deal with. The reality is, however, that sometimes it is a necessary decision you will have to make. Redundancy [...]