COMPANY INSOLVENCIES
There were 4,001 compulsory liquidations and creditors’ voluntary liquidations in total in England and Wales in the third quarter of 2008 (on a seasonally adjusted basis).  This was an increase of 10.5% on the previous quarter and an increase of 26.3% on the same period a year ago.
This was made up of 1,483 compulsory [...]

What is a Company Voluntary Arrangement (CVA)?
A company voluntary arrangement is a legal procedure, which allows the directors to retain the control of the company and also enabling them to enter into a binding agreement with the company’s creditors detailing how the company’s debts and liabilities will be dealt with under the provisions of the [...]

Company Voluntary Arrangement (CVA)  Enables the management to remain in control of the company. An agreement is made between the company and its creditors either to delay payment or reducing the payment of debts outstanding. An Insolvency Practioner will be appointed, who will review and recommend what proposals will be put to the creditors via [...]

It was only last week that the Government were hailed as saviours of the banking sector with their measures of bail outs, and capital injections. As far as I’m aware the banks who indicated that they would like access to funds have yet to sign up. The effect of this can therefore still be seen [...]

Being a Director of a limited company in today’s economic climate can be a tricky business. Trading conditions now are as hard as they have ever been, and restrictions on availability of credit combined with lengthening delays in payment and putting cash positions under strain. As a result many companies will run into financial difficulty.
Directors [...]

How a Pre-pack Administration can save a business.
If you have a business that is facing great creditor pressure, including court summonses or statutory demands or visits from bailiffs, then it is possible to save a decent business (but not the Limited company shell) by selling that business to a “newco” possibly set up by the [...]

For many small businesses seeking to raise instant funds for working capital Invoice discounting may be the answer. It is similar two factoring in it’s aims but very different in practice There are two types available, called Confidential and Disclosed. As their names suggest, with Confidential the customers are unaware of the Discounters involvement, whereas where [...]

We are getting an increasing number of calls into the help desk from directors whose companies are struggling to trade and pay debts as and when they fall due. For many the solution may be to liquidate the company and start again. The favoured way to do this is via a Creditors Voluntary Liquidation 
Creditors Voluntary Liquidation
Creditors [...]

Factoring can be a great way for some companies to raise finance and shift borrowing off of their balance sheet. It is an alternative but similar to Invoice discounting. It has its pro’s and con’s
Advantages:
- It is among the quickest way to get advance cash. - Overhead charges get automatically reduced with the cut in [...]