Category: Insolvent

What effect does debt have on mental health?

Business owners at risk of becoming insolvent may find that their mental health is suffering as well as their finances. There’s no doubt about it, debt is a burden, not just to your business, but to your health too. The strain of a failing business can also cause problems with personal finances, causing the pressure…




4 simple steps to managing your business’ finances proactively

Managing your business’ finances proactively can help to minimise financial loss and maximise prosperity. In a recent blog, we discussed the advantages of becoming a proactive business rather than a reactive one. If you’re ready to transform the way your business looks after its finances by embracing proactive strategies, then we’ve put together a few…




Medium Sized Businesses Face Greater Risk of Insolvency

The government recently published statistics on insolvency from 2017 showing the rate of insolvencies by location, business size and age. The statistics reveal how these three factors can influence the risk of insolvency for businesses in the UK and should act as a warning for businesses not to get too complacent even when they have…




Is Your Business Set Up To Fail?

This may sound like an odd question, we can all talk about how we work hard to succeed at our businesses, put in the hours and so on but often this effort can be misplaced and not in the long term interests of the business.   Weaknesses in any of the key areas of what makes…




How to Stave Off Insolvency

Insolvency is something businesses of all sizes are vulnerable to as we have witnessed in recent years. Once a business gets into financial difficulty, then things tend to take on a momentum that is difficult to stop as the slide towards insolvency continues. Sometimes a business can be brought back from the brink if owners…




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 possible to sell an insolvent business?

You may have heard a lot about companies seeking buyers when they are on the brink of insolvency but is it really possible to find a buyer of a company that looks like a sinking ship?   The answer to this is yes if a suitable buyer can be found. There are a number of ways…




What Rights Do Workers Have When A Company Becomes Insolvent?

While the news is dominated with reports of the demise of large businesses little is mentioned about what happens to their employees other than the usual reports of the numbers having to find themselves alternative employment. This can produce a false sense of security to insolvent business owners who may not be fully aware of…