According to the Harvard Business Review, 70% of family businesses never make it to the second generation. By the third, 90% have closed their doors or been sold off. For UK family businesses, these aren’t [...]
The joined up nature of our global economy today means that the ripple effect of policy changes by major economic powers can be felt across the globe, from Wall Street to Walsall. As a [...]
The private limited company closure procedure can be a daunting task for directors and shareholders alike. Whether the company is solvent or struggling with financial difficulties, understanding this process is crucial for complying with UK [...]
The hospitality industry in the UK has always been a vibrant and integral part of the nation’s economy, from traditional pubs to diverse restaurants. However, in recent years, the increasing rate of hospitality closures has [...]
If you’re looking for the best method of closing your solvent company, you may be wondering, what is Members’ Voluntary Liquidation? In this guide, we’ll explain exactly what it is and how it can help [...]
There may come a time within the lifespan of a business where it’s necessary to close it down. This could be because the owner wishes to retire, has no more use for the firm, [...]
Running a business could be compared to flying a plane. While take-off is famously tricky — 20% of startups fold after the first year alone — it represents the first of many complex manoeuvres needed [...]
In the world of business, there are times when financial difficulties become an insurmountable obstacle. After common arrangements such as administration have been attempted, your options will usually be whittled down to the more difficult [...]
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 [...]
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 [...]