By Steven Wiseglass, Licensed Insolvency Practitioner. Published May 2026. If you're awake at 3am worrying about your company's debts, you're not alone. Over twenty years as an insolvency practitioner, I’ve dealt with hundreds of directors [...]
The Bounce Back Loan Scheme gave millions of UK businesses a financial lifeline during the COVID-19 pandemic. But, for many company directors, those lifelines have become anchors, dragging down businesses that were already struggling to [...]
You've just received a winding up petition. Your bank account may freeze within days, suppliers will see the Gazette notice, directors risk losing control completely. But if you act within 48 hours, you still have [...]
Received notice of a creditors meeting and worried about what happens next? The very first thing you need to know is that, despite the name, a creditors meeting isn't actually a meeting — or at [...]
When creditor phone calls are mounting and cash flow has dried up, the writing is on the wall — your company is heading for insolvency. But what if there was a way you could salvage [...]
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 [...]
When companies face financial difficulties, creditors might not just scrutinise the actions of official directors. They often dig deeper, examining anybody who may have been ‘pulling the strings’ behind the scenes. Therefore, if you’ve been [...]
What may start as a short-term favour to yourself — borrowing money from your own company to cover a cash flow gap — can rapidly transform into a financial nightmare. An overdrawn director's loan account [...]
Cash flow problems affect millions of UK businesses and individuals each year, creating significant stress and uncertainty that can often feel overwhelming. Whether you’re a business owner watching your unpaid invoices pile up or an [...]
Is your business struggling to stay afloat? Don’t worry, you’re not alone. Hundreds of thousands of UK business owners face serious financial challenges each year, particularly in today’s volatile economic climate. If you’re wondering “how [...]