insolvency

/Tag: insolvency

Late Payment of Invoices

Small businesses are the backbone of our economy and in the last 5 years, the amount owed to smaller businesses in late payment has more than halved but we want to see payment practices improve even further. Research carried out by R3 earlier this year found that late payment of invoices was the most common sign of business distress among companies in the North East, North West, Yorkshire and Humberside, with more than a quarter (27%) of them saying they were owed payment on invoices that were 30 days past their due date. A 2016 R3 survey of the insolvency [...]

Late Payment of Invoices2019-01-15T11:58:22+00:00

The Phoenix rising from the Ashes – an Insolvency Practitioner’s View

Directors are prohibited from utilising the same or similar business name for five years following a liquidation, subject to certain exceptions which can be found in insolvency legislation.

The Phoenix rising from the Ashes – an Insolvency Practitioner’s View2018-09-12T10:22:34+00:00

How can you avoid Disqualification as a Director

A company is generally considered insolvent when it can't pay its bills as and when they fall due or if its liabilities are greater than the value of all its assets.  Legally, the directors of a company are required to act in the best interests of its creditors.

How can you avoid Disqualification as a Director2019-01-09T14:43:23+00:00

We are here to help retailers during these challenging times for retail

Everyone recognises that these are difficult and challenging times for the retail market, but please understand that by communicating with suppliers and indeed customers and having regular meetings with them, means that difficult situations can, but not always, be averted.

We are here to help retailers during these challenging times for retail2019-02-22T11:34:10+00:00