Tag: Insolvency COsts

Tips for getting invoices paid on time

Although you can’t control when your customers decide to pay you, these tips will increase your chances of getting paid on time. Getting paid on time is key to your business’ success. One of the key reasons that businesses run into cash flow problems is because they’re struggling to collect the money owed to them….




Leaked letter warns that a no-deal Brexit could trigger another recession

A leaked cabinet letter has revealed that another recession could hit the UK in the event of a no-deal Brexit. This news has come just as the EU’s chief Brexit negotiator Michel Barnier announced that a no-deal Brexit “becomes day after day more likely”. The letter from cabinet secretary Sir Mark Sedwill contained analysis that…




The top 5 threats to your business’ cash flow

One of the commonest reasons that businesses fail is because they’ve run into a cash flow crisis. A steady stream of incoming cash is usually a sign of a healthy, thriving business. Cash flow is not only important to the day-to-day running of your business, it is also essential for growing your empire. Protect your…




Why your business needs to be proactive not reactive to succeed

<h1>A reactive business responds to events as and when they happen, whereas a proactive business pre-empts and plans for changes, challenges, and crisis.</h1> <p>If you’re a business owner, becoming proactive rather than reactive is key to remaining prosperous.</p> <p>Reactive businesses are always in a precarious situation. By not reacting to situations until forced to do…




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…




Insolvencies at their highest level since 2014

According to the latest government statistics, company insolvencies are at their highest level since 2014. Even more alarming is the fact that personal insolvencies are also at their highest level since 2011.   While the rise in personal insolvencies is driven by increases in individual voluntary arrangements (IVAs), company insolvencies have risen most notably in the…




If My Company Goes Bust Will It Harm My Personal Credit Rating?

If your business faces closure this year you will no doubt have plenty of things on your mind to worry about without adding personal worries to the equation. One of the major concerns for many directors is the potential impact on their own financial future and their credit rating in particular. To ease those worries,…




Can A Dissolved Company Be Restored?

If your business is facing insolvency this year then you may be thinking about what happens after. Will everything you worked for be gone for ever?   Sometimes a business will reach its natural end with no prospect of a rescue or rebirth while it is possible for some businesses to come back from the dead….




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…




How to Prepare for A Meeting with An Insolvency Practitioner

If you are planning to enter into an Individual Voluntary Arrangement (IVA), you will need to have a meeting set up with an insolvency practitioner (IP) to discuss your case. The IP will expect you to come prepared with all the information required to set up the arrangement because if there is anything missing or…