Category: Business Debt Fast

How do I liquidate My LTD Company?

If you have launched a limited company and it soon becomes apparent that it isn’t generating sufficient profit to cover mounting overheads, then it may be time to consider winding up the company.   The process can be straightforward if there are no major creditors or they can simply be paid off, but this isn’t always…




Can You Start Up A New Company Immediately After Liquidating A Company?




More Construction Insolvencies As Carillion Fallout Continues

Anyone hoping for better news in the construction industry will have to wait longer as data shows hundreds of construction firms entered insolvency in the first quarter of the year.   The collapse of Carillion may have grabbed all the headlines due to its high profile and size, but the ripple effect is already looking a…




Guide to Exit Strategies

Every business owner(s) or shareholders should have an exit strategy because there will inevitably come a time when the business itself reaches the end of its life or the owners wish to leave the business and move on. But what exactly is an exit strategy in practice? Here’s a brief guide to explain…  The confusing…




Is it the Beginning of the End for Homebase

Retailers Homebase have just become the latest major store chain to face the threat of extinction only to be saved from administration by a company voluntary arrangement (CVA) which has for now been agreed with creditors.   Given the fate of many large household retail chains in the past decade it would be easy to assume…




Advantages Of Letting A Failing Business Go

If you have put your heart and soul into a business it is never an easy decision to just let it go into into liquidation. Sometimes, however, simply letting go can help you move on to something better and a lot let stressful. Here are some reasons why liquidation can sometimes be the better option  …




Debt Management Plan Or Insolvency Practitioner – Which is Best?

Many people live from one pay day to the next and simply continue to service debts which have built up over a number of years to levels where the person is trapped in a debt cycle. Sometimes this debt reaches a point where income is no longer enough to keep up repayments and bankruptcy looms.  …




Why Customer Retention Is Important

Customer retention can mean the difference between business success and business failure so working on it is of vital importance to any business particularly in tough times.   If your business is in financial difficulty, then your regular customers can provide some vital help in getting it back on track. Not only that, happy customers and…




Just Been Issued With A Winding Up Order – What Happens Now?

If you’re a business owner the one thing you don’t want to receive is a winding up petition because this means you’re creditor is serious enough to take the ‘nuclear’ option when it comes to recovering money. So what do you do as a director? How do you react to this threat to your business?  …




Just Been Issued With A Winding Up Order – What Happens Now?

If you’re a business owner the one thing you don’t want to receive is a winding up petition because this means you’re creditor is serious enough to take the ‘nuclear’ option when it comes to recovering money. So what do you do as a director? How do you react to this threat to your business?  …