Business Insolvency

The decision to close a business is never an easy one to make. The reasons for doing so are plentiful, with some being worse than others. Directors may choose to close their company for the sake of retirement, as a response to a decline in profitability, or because their companies are buckling under the weight of…

For many directors, the decision to close their company will be considered at one point or another. This could be for a number of reasons – directors may want to retire or take up a PAYE-role; or the company might have debts that it cannot pay.  Whatever the reason, every director will want to close…

Closing down a company is something most directors will need to consider at one point or another. This could be for reasons of financial distress, such as in cases of insolvency, but this is not always the reason for closing. Oftentimes, directors will consider closing their company to pursue other ventures, or to retire comfortably.…

Both company liquidation and administration are insolvency procedures used to address a company’s ailing financial state. Directors can use either procedure to create a solution for their situation. However, although liquidation and administration are insolvency procedures, typically used as a solution to address the same problem, they are decidedly different. Each of the two has…

If you’ve taken the leap to create a small business out of your passion or bring a great idea to life, you might wonder whether taking a business loan is a good decision. On the one hand, the cash injection could be the spark to make your company a success, allowing you to purchase vital…