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.
We often talk about company turnarounds, but what exactly does the term entail? A company turnaround is exactly what it sounds like. It is the financial recovery of a company that has been performing poorly for an extended period. Things need to change. A turnaround will get your business finances back where they need to
It’s vital that businesses do everything in their power to remain solvent. Businesses have a range of liabilities, and when they are able to keep on top of them they can stay prosperous and plan more effectively. Assets are incredibly important to businesses, and when they don’t have enough, they may struggle to pay their
Insolvency happens when companies or individuals’ financial obligations outweigh their assets. When companies are unable to pay off debts when they are due, they are insolvent. Many companies and individuals face insolvency each year. Some are able to quickly resolve the issue, whilst others are forced to take serious measures in order to deal with