At some point during the life of their company, many directors will find themselves using their own personal finances to help the business.
It is possible to officially register a company name at Companies House, but then use one or more ‘trading names’ as required by yourself or your organisation. Some companies trade under different names, with the name registered at Companies House belonging to the original company.
Limited companies have come under increased scrutiny by HMRC in recent years, as the government strives to recover lost tax revenue...
What is the Difference Between Fraudulent and Wrongful Trading? Simple guide to understanding the differences to help you choose the right option
Pre pack administration vs company voluntary arrangement. Begbies Traynor is the UK's market leader in business recovery. With over 100 UK offices and over 1000 staff we are well positioned to assist you.
Overtrading often results from businesses growing more rapidly than their production and cash flow can accommodate, or the late payment of customer invoices. If not anticipated properly, overtrading can lead to insolvency and the closure of a business.
If you are owed money by an insolvent company, your options vary according to the level of debt, and the lengths you are prepared to go to recover your money.
Commercial rent reviews clauses allow landlords to bring their rental charges in line with current market prices, typically every three or four years.
Company closure options for limited company contractors hit by the IR35 reform, including liquidation options for solvent and insolvent companies.
Running a recruitment agency can be an extremely rewarding experience, both on a personal and a financial level. However, should business take a turn for the worse, problems can quickly mount up and your cash flow can end up suffering.
It is no secret that company liquidation, such as a CVL, has a price tag attached to it. For a company in financial distress meeting this cost may seem out of reach, after all the reason you are looking to liquidate your company is almost certainly due to mounting debts and rapidly dwindling funds. However, it is important to understand how company liquidation works before you write off this option as being unaffordable.
When customers don’t pay your invoices it can cause serious cash flow problems and ultimately lead to irreversible financial issues if not addressed. There are a number of actions you can take, however, to ensure your business isn’t compromised to the point of insolvency.