For many small and medium-sized businesses, restructuring options can feel limited. When cash flow tightens and creditor pressure builds, directors often assume the only realistic routes are a CVA, administration or liquidation. However, there is...
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Directors’ Loan Accounts (DLAs) are common in owner-managed businesses and can be a practical way for directors to move money between themselves and their company. Used carefully, they offer short-term flexibility. Used casually, they can create...
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When a business begins to struggle, directors often find themselves under intense pressure. Cashflow tightens, creditor contact increases and difficult decisions mount. It is during this period that directors’ legal duties change and the...
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When a business becomes involved in litigation, the question of what happens to its debts can become even more complex. Even after a dispute has been resolved or a judgment given, the position of creditors and the obligations of directors are not...
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If you're facing mounting debts and financial pressure, it's easy to feel overwhelmed. The good news is, there are formal solutions available that can offer a way forward. For many people, that means choosing between a Debt Relief Order (DRO) or an...
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Financial distress and struggles don’t usually develop overnight. Often, it's a slow, creeping process that, over time, puts the whole business at risk. But just as decline can happen gradually, so can recovery. And it starts with decisive,...
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Insolvency is a serious concern for any business, and unfortunately, it often sneaks up gradually, without you realising it. The good news is that there are clear signs you can spot early, enabling you to take proactive steps before the situation...
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The UK’s business landscape is facing an alarming crisis, with financial distress surging to new highs. According to the latest Red Flag Alert report from Begbies Traynor, the number of businesses in ‘critical’ financial distress jumped...
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In today's challenging economic climate, proactive financial management isn't just good practice – it's essential for business survival. While our team typically works with businesses facing financial difficulties, we've observed that the most...
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Insolvency poses a significant challenge for businesses, occurring when a company cannot meet its financial requirements, resulting in liabilities exceeding its assets or not meeting payments when they fall due. This situation can lead to various...
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