A question we explore when looking at a business’s finances is: are you declining, on the verge of bankruptcy, or bankrupt? When your business becomes fortunate enough to morph into a franchise, it is vital to develop a profitable financial plan and to keep your business up to date. A lot of enterprises falter due
Bankruptcy remains a big concern for any business that is struggling with its finances. There were just under 4000 new UK company insolvencies in the second quarter of 2018, a scary figure for small businesses who may feel themselves slipping. One response to the threat of bankruptcy is to get out while you can and
No one goes into business thinking they will have dealt with insolvency; however, the stark reality is that many businesses end up faced with that very situation. We are living in uncertain economic times, and as a consequence, company insolvencies are on the rise. The rise in company insolvencies According to the latest report by
There’s so much talk about personal hardship these days that it’s difficult to know where to start. Whether its homelessness or the ever-increasing use of food banks, poverty is all around us. But it’s easy to be complacent about it. Too many people look at those who’ve run into trouble and point the finger of
Filing for bankruptcy is the last thing any business or enterprise wants to face. Sadly for many UK businesses, this is a common reality. The most recent insolvency reports mark a 9.7% increase in company liquidations in Q4 2018. This equates to 14,269 companies going bankrupt – the highest yearly total we have seen in
Insolvency practitioners are a valuable investment that can help you immensely during hard times. Their fees vary according to a variety of factors: the industry, the complexity of the situation, or their location. It is hard to estimate how much an insolvency practitioner will cost, but for a company in trouble, they can seem expensive.