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It is a familiar feeling for many business owners, discovering a tax bill is due and realising you don’t have enough working capital set aside to pay for it. Lack of working capital is a good reason to borrow money, but only if it can help you grow your business.
Clovemead Limited, a highly regarded and familiar name in the North West with a significant national presence since 1980, went into Administration on Monday 11 March. The firm appointed Partners, Allan Cadman and Charles Brook, as Joint Administrators. The independent contracting specialist company with expertise across construction, minor works, fuel systems and signage has a reputation for quality and safety, with each division working seamlessly across various disciplines to provide clients in a variety of highly specialised, secure and regulated [...]
What is an Insolvency Practitioner (IP)? An Insolvency Practitioner (IP) is someone who is licensed and authorised to act on behalf of and provide advice to companies, organisations and individuals when they are facing financial difficulties. An IP is more often than not approached directly by a company Director (sometimes at the introduction of another professional advisor such as an Accountant) seeking help in dealing with their distressed company. Alternatively, in a compulsory liquidation by the Courts brought about when [...]