Blog
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Director Advice
Director Advice Fulfilling responsibilities to Companies House is crucial for a company director, including submitting necessary documents and maintaining accurate records. A director’s general duties under the Companies Act 2006 involve promoting the success of the company, exercising independent judgment, avoiding conflicts of interest, and maintaining confidentiality. To build a successful business, directors should focus…
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Company Liquidation
Company Liquidation When it comes to company liquidation, understanding the concept, importance, and types of liquidation is crucial. Join me as we dive into this section where we uncover the ins and outs of liquidation. Learn why it plays a significant role in business closure and discover the different types of liquidation that exist. Get…
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What Are the Warning Signs of Insolvency?
What Are the Warning Signs of Insolvency? Is your business struggling to stay afloat? Recognising insolvency warning signs is crucial as it can help you avoid severe consequences such as fines, personal liability for debts, and disqualification from directorship. In this blog post, we will discuss “what are the warning signs of insolvency”, legal enforcement…
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My Take Away Restaurant Needs to Go into Liquidation
The COVID-19 pandemic has significantly impacted the restaurant industry, particularly take-away establishments. With social distancing measures, mandatory closures, and fluctuating market conditions, many takeaway restaurant owners are left grappling with financial uncertainty. In this blog post, we’ll discuss the challenges faced by takeaway restaurants and explore options for navigating these turbulent times, including when “my…
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What is Express Liquidation?
Imagine you’re a business owner facing insurmountable financial challenges, and you need to close your business as efficiently and swiftly as possible. Enter the concept of “what is express liquidation”—a rapid and effective way to dissolve your company, minimise costs, and settle debts. In this blog post, we’ll unveil the ins and outs of express…
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How Can I Turnaround a Failing Business
How Can I Turnaround a Failing Business Picture this: You’ve poured your heart and soul into your business, but it’s struggling to stay afloat. You and struggling businesses know something needs to change, but where do you start? Don’t worry – we’ve been there, and we can help. In this blog post, we’ll guide you…
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Company Is Facing A Winding Up Petition
Company Is Facing A Winding Up Petition Imagine discovering that your company is facing a winding-up petition, a serious step taken by creditors to dissolve your company and seize its assets to cover outstanding debts. It can be a daunting and stressful experience, but fear not! In this blog post, we’ll guide you through the…
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Bars and Restaurants Business Liquidation Advice
The hospitality industry, specifically bars and restaurants, has faced numerous challenges in recent years, from economic downturns to global pandemics. Navigating these obstacles can be demanding, especially when financial troubles arise. How can bar and restaurant owners make informed decisions about liquidation? What options are available to them? In this blog post, we delve into…
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Checklist for Creditors Voluntary Liquidation
Checklist for Creditors Voluntary Liquidation Navigating the complexities of Creditors’ Voluntary Liquidation (CVL) can be a daunting task for directors facing financial challenges. In this blog post, we will guide you through the CVL process, outline your responsibilities, raise questions, and provide valuable insights by presenting a “checklist for creditors’ voluntary liquidation”, giving you the…
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How Do I Know When It’s Time to Liquidate My Company
How Do I Know When It’s Time to Liquidate My Company Making the decision to liquidate a company can be daunting and emotionally charged. However, understanding the process and recognising the signs of insolvency can be empowering, allowing you to make informed decisions for the future of your company. In this blog post, we will…