Tag: Solvent Liquidation

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…




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…




Thousands Of Estate Agents Could Face Insolvency Or Closure

Recent research suggests that estate agents have a fight on their hands if they want to avoid insolvency and closures as a result of factors such as rising levels of competition from online estate agents.   Figures from the year to May 2018 show that 153 estate agents fell into insolvency marking an increase from the…




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  …




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…




Struggling With Debt? Here’s How Not To Let It Get The Better Of You

Most businesses will go through tough times now and then. But when you’re a business owner, it always feels like you’re the only one experiencing those tough times. This can lead to a lot of stress and anxiety building up, which only serves to make problems worse. So how do you cope with the psychological…




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?  …




Get Offshore Tax Affairs In Order Or Face Consequences Says HMRC

Following gloomy news from the recent budget statement, the HMRC are signalling their intent when it comes to tax avoidance, with the latest announcement concerning off-shore tax disclosure. Anyone who has felt the impact of an investigation by HMRC will understand just how costly the penalties are if large sums of money are owed in…




Compulsory Liquidation Explained

Compulsory liquidation can happen to your business if nothing is done to prevent it becoming insolvent or if all attempts at business rescue have failed. So what happens when your business enters compulsory liquidation and can anything be done to reverse the situation? Compulsory liquidation usually marks the end of a business at a stage…




Is It Possible To Go Into Solvent Liquidation?

The recent case of cash Genie going into liquidation due to the amount of money it owed to its customers highlights how this can happen. Pay Day lenders have taken something of a hammering recently. Wonga took a hit of £2.6million last year when they had to pay compensation to 45,000 customers over fake legal letters and…