31st July 2024
Running a business often comes with financial hurdles. If have business debt, knowing your options can save you from insolvency. Act Early to Avoid Insolvency Improving cash flow and cutting overheads early can prevent debt […]
26th March 2024
In the intricate world of business finance, navigating creditors and debts can be overwhelming. But there’s one creditor that stands out among the rest in the UK: HMRC. Why does HMRC consistently claim the top […]
9th February 2024
Cash flow issues can impact any company, regardless of its profitability. Despite business operations seemingly going well, with customer orders increasing, it’s often challenging to recognise the severity of a company’s situation resulting from poor […]
25th January 2024
Directors cherish their roles, relishing the financial perks and the thrill of steering their businesses through economic highs and lows. However, not all directors play fair, and justice eventually catches up with those who don’t. […]
29th November 2021
If your business can’t afford to repay its debts or liabilities then it is legally insolvent. If you’re the director of an insolvent business that is no longer viable then you may need to liquidate […]
31st October 2021
Concern mounts over business Covid loan repayments
Small and medium sized business owners have expressed concern about debt taken on during the coronavirus pandemic.
One survey from EY found that around one in three UK SMEs are worried that they may never be able to repay loans taken on during the crisis.
27th October 2021
Last month, company insolvencies reached their highest level since March 2020, and experts predict that more firms will go bust as some Government protections from creditors came to an end. Some 1,446 firms in […]
30th September 2021
More contractors are facing financial difficulties due to the pandemic, Brexit and recent changes to IR35 rules. Many contractors have seen a reduction in business over the last few years. Limited company contractors also did […]
21st January 2021
An Individual Voluntary Arrangement (or IVA) is a payback agreement between an individual and his or her creditors. If you can’t afford to repay your debts, you can use a Licensed Insolvency Practitioner to negotiate […]
9th January 2020
Did you make getting out of debt one of your New Year’s Resolutions this year? It’s natural to splurge over the festive period and often it is our credit cards and overdrafts that wake up […]