Help for Struggling Businesses
Help for struggling businesses is available from charities, Government agencies and professional advisors. The most important thing is to seek advice early on before financial problems become too great
ReadDirectors Duties in Insolvency and their Implications
Help for Struggling Businesses
Can’t Pay Fleximize Loan
The content on this page has been written by Robert Moore and approved by Chris Ferguson Licensed Insolvency Practitioner and Director of RMT Recovery & Insolvency
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Company In Financial Trouble? Expert Advice For Worried Directors
If you’re struggling to meet debt payments and cashflow is suffering, don’t panic! There are a number of options available to help turnaround the business or company if it is in financial trouble.
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Can’t Pay Funding Circle, Bizcap or Iwoca Loan
The content on this page has been written by Robert Moore and approved by Chris Ferguson Licensed Insolvency Practitioner and Director of RMT Recovery & Insolvency
ReadDirectors Disqualification A Guide For Worried Directors
The content on this page has been written by Keith Steven and approved by Chris Ferguson Licensed Insolvency Practitioner and Director of RMT Insolvency and Recovery.
ReadCheapest Way To Liquidate a Company
The cheapest we can liquidate a company for is about £4.5k + VAT. This would be for a company with only a couple of creditors such as HMRC and a Bounce Back Loan.
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HMRC VAT Security Deposits for Struggling Companies
We have received a letter from HMRC and they have demanded a security deposit. What does that mean?
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Company Bankruptcy Advice
The content on this page has been written by Robert Moore and approved by Chris Ferguson Licensed Insolvency Practitioner and Managing Director of RMT KSA
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Is My Company Insolvent? The 3 Legal Tests & Director Duties
There are 3 tests to check to see if a company or business is insolvent. The cashflow test, balance sheet test and the legal action test.
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What is Balance Sheet Insolvency?
Balance sheet insolvency is when a company’s total liabilities outweigh its total assets. However, it may still be able to pay its liabilities when they are due.
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If My Company Goes Bust Will I Lose My House?
You will not lose your house if your company goes bust but if you have been guilty of defrauding creditors or have personally guaranteed company loans then it is possible.
ReadAm I Trading Whilst Insolvent? – Worried Directors Guide
Trading whilst insolvent is a legal term used to describe a business which continues trading when it cannot pay its debts and its liabilities are greater than its assets. It can lead to a breach of several provisions of the Insolvency Act 1986 which can result in the directors being held personally liable
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