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12 August 2022 Business Insolvency

Insolvency is mainly used to refer to a company that cannot pay its liabilities when they are due. This is known as technical insolvency, and while it’s often the most appropriate term, it isn’t the only type of insolvency company directors should know. In addition to technical insolvency, there are two other types – balance…

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8 August 2022 Business Insolvency

For struggling companies, regaining control over their finances is paramount. If their financial situation continues to deteriorate, insolvency is highly likely, which carries a range of negative consequences for the company and its directors. As such, any tool that can be used to help remedy the situation should be strongly considered. One such tool is…

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In response to the economic effects of the Coronavirus pandemic, the U.K government implemented the Bounce Back Loan Scheme (BBLS). This scheme aimed to ease the financial pain suffered by companies, offering loans to help them through the worst of it. While Bounce Back Loans were incredibly useful for some companies, allowing them to cover…

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As a means to help companies through the worst of the Coronavirus pandemic, the government implemented the Bounce Back Loan Scheme (BBLS). This scheme offered companies a financial safety net, providing those small businesses that were hit the hardest a chance at making it through to the other side. Although this scheme was enough to…

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The threat of insolvency is a state that many companies need to deal with at some point. This could be due to declining profitability, the loss of a major client, unforeseen circumstances or many other reasons, and it can take a company by surprise. In this article, Clarke Bell will discuss how you can spot…

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