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Should you fear company liquidation on Friday the 13th?

Should you fear company liquidation on Friday the 13th?

November 2015 is the last Friday the 13th for six months – so is this good news in terms of your risk of company liquidation? It might sound silly but, even if you’re not superstitious, your business could be harmed on red-letter dates like Friday the 13th...

An overview of Company Liquidation

There are many reasons for a company liquidation, both voluntary and court ordered. Company liquidations allow a company to sell off assets to pay bills and cease operations. Also referred to as a dissolution or winding up, company liquidation is not always the...

Gloomy picture for Corporate Britain

In the first three months of 2011 the Insolvency Service recorded 1,314 receiverships, administrations or company voluntary arrangements. This is an increase on the previous quarter and doesn’t bode well for the year ahead as widespread public sector cuts begin...

Understanding Company Insolvency

In the business world, there are two types of company insolvency. First is the inability to pay debts on time, which is called cash flow insolvency. The other form involves having more liabilities than assets, and will create a situation where balance sheets are in...

An overview of Company Voluntary Arrangements

Company voluntary arrangements (CVA) are specially designed for those businesses struggling to pay up their debts. The CVA debt solution strategy can be utilized to save a sinking business. A firm may appear stable only for it to face the imminent danger of collapse...

The requirements for company administration

There are certain requirements that a firm must have in its possession before it qualifies to proceed with company administration. A cash flow system should be in place to provide the necessary guidelines required. The firm should come up with realistic profit...