A number of different people are involved in the running of a company and the same can be said for the closing (or potential closing) of a company as well. A fundamental role in the closing of a company is that of a corporate insolvency practitioner. Insolvency practitioners are professionals who are appointed to act […]
The Role of Corporate Insolvency Practitioners: What You Need to Know Read More »
The Bounce Back Loan (BBL) scheme was a government-backed loan scheme introduced in 2020 to help small businesses in the UK during the turmoil of the COVID pandemic. In addition to the standard Bounce Back Loan terms, the UK government also introduced the Pay as You Grow (PAYG) options in September 2020. These options give
Many businesses face challenges, and these challenges vary depending on what market that business operates in and what the market is like currently. Usually, businesses can overcome various challenges; however, this isn’t always the case, and some organisations enter insolvency and have to go into liquidation. The question is, what do these two terms actually
The Impact of Insolvency and Liquidation on Small Businesses in the UK Read More »
There is no doubt that many businesses struggle and find themselves in hard financial times for many different reasons. Small businesses are more prone to becoming insolvent but it happens to larger organisations as well, as can be seen in the recent news that Virgin Orbit Holdings have recently filed for bankruptcy under Chapter 11.
Why Did Virgin Orbit Firm File for Bankruptcy? Read More »
There are a lot of businesses in multiple markets that find themselves going insolvent and as such having to go into liquidation. The construction industry is amongst them and is particularly vulnerable to insolvency for various reasons. These include the fact that construction projects are usually complicated and there needs to be a lot of
Insolvency and Liquidation in the UK Construction Industry: Challenges and Solutions Read More »
East Lancashire is facing an insolvency crisis, with the number of businesses going bust in the region rising sharply in recent years. The changing business landscape of East Lancashire East Lancashire has a long industrial history, dating back to the Industrial Revolution. The region once had a thriving textile industry, which employed thousands of people.
Insolvency Crisis Hits East Lancashire Read More »
Becoming more eco-friendly in both our personal and professional lives is hardly a new concept, in fact, it’s something that organisations everywhere continue to practise and work on. A lot of the time, when a business goes into liquidation, they do not consider the environmental benefits that can come with it. This is fair enough,
When you own your own business, the purpose of running that business is going to be to make money, expand and be successful. This is all well and good, but unfortunately, sometimes things simply don’t work out that way. A lot of businesses often fall on hard times when they are trying to be successful
Common Mistakes to Avoid When Working with a Liquidation Business Read More »
It can be a tough time having your business go into liquidation but just because you are going through a difficult period, that doesn’t mean that you shouldn’t use your time to better see the potential that is in front of you as well. One of these hidden pieces of potential can be found in
Liquidating Surplus Assets: Unlocking Hidden Value in Your Business Read More »
When an organisation finds itself falling on hard times and having to go into liquidation as a result there are a number of different steps that need to be followed. One of the main ones is that the assets of the company will be sold off in order to settle the liabilities which are owed
The Role of Valuation in Asset Liquidation: Determining Fair Market Value Read More »
