Many directors choose to liquidate their companies at some point. This could be for various reasons; some directors liquidate their companies once they retire, while others do so to move on to other ventures. Others still do so once their companies become unprofitable, as a means to retain as much profit as possible once the…
Read MoreMany companies today are reeling from recent economic factors. The pandemic has had a significant effect, compounded by the economic uncertainty caused by Brexit, along with other current events. Due to the heavy impact and persistence of these problems, it’s no surprise that many directors of struggling companies have decided to wind up their businesses.…
Read MoreMany company directors choose to close their companies for one reason or another. This could be due to lack of profitability, retirement, or other reasons. However, despite being a common occurrence for companies, it can be difficult for directors to find the most appropriate way to close. Liquidation can be the most suitable method of…
Read MoreInvoice discounting, also known as invoice factoring or accounts receivable factoring, is a form of finance used by many small businesses to make available a portion of their cash flow quickly. It does this by allowing small businesses to leverage their accounts, specifically their unpaid invoices, into available capital, facilitating item purchases, business expansion, and…
Read MoreDue to the Covid pandemic, the government implemented a programme enabling businesses to suspend employees, while keeping them on the payroll. The programme was called the Coronavirus Job Retention Scheme (CJRS)…better known as ‘furlough’. The CJRS was first rolled out in March 2020 to avoid mass redundancies and help businesses to survive the unprecedent times.…
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