Business Tips

It’s essential for small businesses to have a solid understanding of their cash flow. Money is often tight, and must be carefully managed into a steady budget. Failure to do so can result in unstable finances, causing wasteful spending or restricting growth opportunities. Moreover, mismanaged payment processes can lead to fines, penalties, and even legal…

Yes, it is possible to close your business and walk away, but there are many variables, and a lot depends on your company’s financial position. Reasons why a business owner may want to close their company and walk away, could also include: retiring moving into full-time employment not enjoying the experience of running your own…

For the vast majority of contractors, there comes the point where the decision to close their company must be taken. This could be for several reasons, including transitioning to a more profitable PAYE role, or to simply retire. For PSCs, or personal service companies (most commonly used by contractors), closing is almost certainly going to…

For businesses with cash flow or debt problems, accessing a revolving credit facility can often seem like the quick way to bring more cash in without increasing sales. Unfortunately, for some businesses although a credit facility will boost cash flow in the short term, if a business has structural issues it may not be the…

For most company directors, there comes the point where they want to close their limited company. For some, the reason is to transition into a sole trader role or because they have found permanent employment. The reason for others can be as simple as retirement. However, it isn’t often easy to close a company. There…