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A Guide to Winding up Petitions

Posted on October 18, 2012

A Winding up Petition (WUP) is a serious and very real threat from an unpaid creditor. It is likely that you have been unable to pay a creditor on time and they have lost trust in you and your business, forcing them to take action.

How to grow your business & avoid cash flow problems

Posted on August 11, 2014

Maintaining smooth cash flow in any small business requires juggling nearly every aspect of the enterprise, from staying on top of accounts receivable, to extending the lines of credit and delicately managing the inventory. Cash flow problems can arise seemingly from out of nowhere. Therefore successful cash flow management is the fine balance of regulating […]

What to do if you’ve become insolvent

Posted on July 24, 2014

If insolvency threatens, the most important thing to do is not to panic. Take a long, hard look at your overall business, and see if it’s possible for business recovery, or if you need to examine how to liquidate a company. You can become insolvent if you have insufficient cash available to service debts which […]

Made in Telford? Surviving the Economic Storm

Posted on July 15, 2014

Telford is the hub of Midlands Trade and Industry, with a significant number of foreign investors and well established British firms making their name there for manufacturing quality goods or for ICT support related industries. The factories on the three main industrial estates employ tens of thousands of workers and provide the main source of […]

What are the Steps to Closing a Limited Company? What about Business Rescue?

Posted on July 9, 2014

Many businesses face financial hardship when they first start out and it is important that a company owner determines how they can proceed, whether it means closing a limited company or continuing to carry on business. Determining if you need to close your limited company will depend on whether the company can pay its bills […]