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Directors often put profits back into their company, but there comes a time when a director will want to take some money out. This could be for a range of reasons, but the question remains the same – how exactly do you take money out of a limited company? In this article, Clarke Bell will…

The cost to close a limited company depends on whether the company is solvent or insolvent. If you’re insolvent and need to close a company that has debts, the cost is £1,995 plus VAT. If your company is solvent and you want to close it efficiently, it can be considerably cheaper, at a cost of…

For companies in a difficult financial position, directors have a few options available to help remedy the situation.  If the company has a viable business model, directors could choose to negotiate with outstanding creditors to reach a new agreement with a Company Voluntary Arrangement (CVA).  If the company doesn’t have a viable future, directors could…

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 company directors, efficiency is one of the most important priorities when considering winding up operations. An efficient procedure means more retained profits go to shareholders, making for a more comfortable retirement, or serving as a healthy injection of capital for a future venture. However, with several methods of closing a company available, it can…