Overlooked insolvency risks – protecting cash flow when a customer fails
A key customer just failed. Now what? When directors think about insolvency risk, they often focus on their own business. However, one […]
Overdrawn director’s loan accounts: risks, implications and next steps
Drawing funds outside salary or dividends is a normal part of running an owner-managed business. However, when balances grow without clear repayment […]
What happens if directors’ fiduciary duties are breached?
Most breaches of directors’ fiduciary duties aren’t deliberate. They arise gradually through informal decision-making, unaddressed conflicts, or continued trading as financial pressure […]
Could a restructuring plan save your small business from insolvency?
Household names like Virgin Atlantic, Cineworld and Superdry have used restructuring plans (RPs) to survive financial difficulty. But for smaller businesses, RPs […]
What happens to a Company’s assets in an insolvent Liquidation
For Directors, investors and other stakeholders, understanding the fate of company assets in the event of an insolvent Liquidation is essential. Liquidation […]
Who gets paid first in a liquidation?
When a company goes into Liquidation, one of the challenges facing the Insolvency Practitioners (IPs) dealing with the case, is explaining to […]
Why a bank account might not be safe from HMRC
There has long been a public debate about the difference between those unable to meet their tax obligations for lack of funds […]
Challenges faced by companies in the scale-up phase
Companies focused on R&D for growth Across the innovation economy, a clear pattern is emerging: a rising number of R&D-intensive companies are […]
Commercial leases and personal guarantees
Commercial leases are a cornerstone of the UK commercial property market, forming the legal basis on which businesses occupy their premises. For […]
Business challenges? Delaying taking action is never the right strategy
When it comes to business rescue, any insolvency professional will be able to relay a number of cases where they could have […]
The perils of selling assets at an undervalue
A recent case published by the Insolvency Service has highlighted the fate that can await directors who play fast and loose with […]
The importance of effective credit risk management
In today’s dynamic business environment in the UK, the ability to identify, assess and mitigate credit risk has become a vital determinant […]