A furniture boss from Stockport has been banned for 8 years after declaring bankruptcy before starting a new company with a prohibited name. Allan Kenneth Barke (34), had been the director of Cheshire Fitted Furniture Limited from...
Read more...
The beginning of May saw the first letters go out requesting repayment of Bounce Back Loans (BBLs) which were made available by the Government from March 2021. But what happens if you can’t afford to pay back the loan and if you are a...
Read more...
As lockdown restrictions continue to ease and businesses begin to trade again there are reasons to be optimistic. Consumer spending is rising as there is more confidence in our economic future. But companies need to be aware of the risks of...
Read more...
Latest company and individual insolvency statistics are still comparably low The latest monthly release of insolvency statistics for England and Wales was published on the 15 April 2021. * Overall, the numbers of registered company insolvencies...
Read more...
Here are some key points you need to consider to ensure the operational success of your business: 1. Management Information Ensure you have some and that you understand what it means. At the very least ensure that you know what cash you have...
Read more...
Cash (flow) really is king... It's important to realise that when a successful business grows it often places more pressure on cash flow which can lead to business failure, even though at a profit and loss level the business is successful. In fact,...
Read more...
Keith Alan Da Costa of Manningtree in Essex, the sole director of KAD Consultants Limited since its incorporation in May 2011, has been banned for 5 years after failing to provide adequate accounting records and not complying with tax...
Read more...
New pre-pack regulations have been approved by Parliament and will come into effect at the end of April 2021. What will these new regulations mean and what challenges are they likely to bring? What is a pre-pack? In many cases...
Read more...
Latest company and individual insolvency statistics are the lowest since January 2019 The latest monthly release of insolvency statistics for England and Wales was published on 16th March 2021. * Overall numbers of company and individual...
Read more...
If your business becomes insolvent and you need to cease trading and close, there are some options you should consider rather than simply dissolving your company. If you are a director of a limited company, you may also be an employee of the...
Read more...