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The latest insights and trending topics from Begbies Traynor Group
What is a commercial rent review?
Commercial rent reviews clauses allow landlords to bring their rental charges in line with current market prices, typically every three or four years.
What duties does an administrator have to creditors in a formal insolvency procedure?
An administrator is duty-bound to act in the best interests of creditors during an insolvency procedure and help them recover monies owed
What happens at a Company Voluntary Arrangement (CVA) Creditors Meeting?
Company Voluntary Arrangements (CVAs) can be a great solution for an indebted yet viable company. However, in order to be approved, creditors need to vote for the arrangement
Need to close my company because of IR35
Company closure options for limited company contractors hit by the IR35 reform, including liquidation options for solvent and insolvent companies.
Financial advice for directors of recruitment agencies struggling with cash flow
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.
How can I get free insolvency advice for my business?
Obtaining reliable and up-to-date advice is crucial at any stage of business, but particularly so when you’re facing financial difficulties.
What happens to my husband’s / wife’s / partner’s debts when they die?
Managing the estate of an individual who died with debts is a difficult and sensitive process that requires a high level of technical expertise.
How to liquidate when a company has no money
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.
What options are available when a customer will not pay my invoice?
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.
HMRC Overdue Corporation Tax Letter
Overdue Corporation Tax Letter from HMRC Debt Management & Banking department. Find out what this means and how Begbies Traynor can provide key advice.
Company Voluntary Arrangement (CVA) vs Liquidation
A Company Voluntary Arrangement, or CVA, offers an alternative to liquidation if your company could be viable in the future.
