Kitchen Table Business Support™ A business support process you can carry out at your kitchen table. This will help to avoid insolvency, liquidation or bankruptcy for yourself or your company. Work through this guide to allow you to review, restructure and remodel your business. How to support your business through the Coronavirus pandemic? One thing … Business Support guide for COVID-19 Read More »

Your choices if your business is facing financial difficulties There are many options available to you if your business is facing financial difficulties. Business Rescue and Informal Arrangements Have you tried working through our business survival guide? Lack of time is always the worst enemy of Business Rescue. The negotiation of Informal Arrangements with those … Your choices if your business is facing financial difficulties Read More »

Why do you need a cash flow forecast? Before you dismiss forecasting on the basis that no forecast could have foreseen COVID-19, we need to consider what a forecast is. Cash flow is fundamental to all businesses. A cash flow forecast helps business owners and managers to foresee their future liquidity requirements and to proactively … Why do you need a cash flow forecast? Read More »

Business rescue and insolvency links Business Rescue and insolvency can take make forms. From informal deals through to formal rescue procedures or close down options with a business restart. Below are links to some our sister sites that discuss business rescue. Business Debt Management Business Debt Management is a light touch process to handle a … Business Rescue and Insolvency Links Read More »

Insolvency Practitioners and Business Rescue Insolvency Practitioners can help steer your business through financial difficulties Insolvency Practitioners are able to advise on all aspects of both personal and business insolvency services. However, what can be missed is the work that some insolvency professionals do in steering a business through financial difficulties without needing to use … Insolvency Practitioners and Business Rescue Read More »

Members’ Voluntary Liquidation – restructuring a solvent company Occasionally a successful solvent company may need to be restructured to allow for a change in direction or to release funds or assets from within the company. This can be achieved via a Members’ Voluntary Liquidation. Any such restructuring will have tax implications and we’re always keen … Members’ Voluntary Liquidation – restructuring a solvent company Read More »

How to restart your business – phoenix company and pre-packs Business restart If your business is facing insolvency, then you may be asking yourself “how do I restart my business?”. The business restart options will depend upon your trading style.  If you’re operating as a sole trader or unincorporated partnership, then you can get a … How to restart your business – phoenix company and pre-packs Read More »

Sole trader rescue options If you don’t operate through a Limited Liability Company or Limited Liability Partnership, then you will either be working through an old-style Partnership or you will be a Sole trader. Crucially a Sole trader will have no protection for their personal assets from their business liabilities. To translate, this means that … Sole trader rescue options Read More »

Company Voluntary Arrangement A Company Voluntary Arrangement is the correct full name for a CVA.  A CVA is sometimes referred to as a Company Voluntary Agreement, Corporate Voluntary Arrangement or Creditors Voluntary Arrangement. A Company Voluntary Arrangement (CVA) is a legally binding arrangement between a company and its creditors.  A CVA will principally apply to creditors … Company Voluntary Arrangement (CVA) Read More »

Understanding insolvency – a director’s guide It is important to understand the basic rules of insolvency but please review all the options available; starting with the BusinessSupport.co.uk ‘Business Survival Guide’. By having a grasp of insolvency law a company director will be more able to navigate a path through financial distress that will minimise any … Understanding insolvency – a director’s guide Read More »