In April 2009 the retailer JJB successfully proposed a CVA designed to save 250 stores and 12,000 jobs. It has… Read more »
Posts Tagged: Business Insolvency
Cash is King When a Business is Facing Financial Pressure
A company can be said to be insolvent on any one of four tests: the cash flow test, balance sheet… Read more »
Employing Restructuring Advisers to Help Save Your Company
There are a number of options for companies who find themselves in financial difficulties, but a real challenge is finding… Read more »
Redundancy Costs Due to Staff Reduction Can Leave a Company Insolvent
Companies struggling to survive a severe economic downturn like the current one often consider ways to reduce their overheads. Generally… Read more »
Are Government Insolvency Statistics Concealing the Number of Insolvent Companies?
As a consequence of the global financial crisis it is reasonable to assume that the numbers of companies in financial… Read more »
Managing Tax Payments with Time To Pay Arrangements
There are hundreds of thousands of businesses struggling to meet their financial obligations to the Exchequer. Businesses, especially smaller enterprises,… Read more »
Dealing with VAT Arrears and PAYE Arrears
Owing HMRC (Her Majesty’s Revenue & Customs) more than £150,000 for overdue VAT and PAYE when your turnover is less… Read more »
A Winding Up Petition Due to HMRC Arrears Need Not be the End
In early 2010 HMRC (Her Majesty’s Revenue & Customs) served notice for a Winding up Petition against a small trading… Read more »
Company Voluntary Arrangements Offer Scope for Saving Insolvent Companies
A CVA (Company Voluntary Arrangement) is a powerful tool for restructuring the liabilities of an insolvent company, but it does… Read more »
Guide to Pre-Pack Administration from K2 Business Rescue
Pre-pack Administration is a tool for saving struggling businesses that are in severe financial difficulties but are potentially sound. Pre-packs… Read more »
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