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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.

Cash Flow Solutions for your Business

Posted on September 26, 2014

It can be extremely stressful to be a business owner and to find yourself in a situation where your business is running low on cash. Business is not always booming, but that does not mean that you can relax and not worry about it, especially when you have financial obligations. When you find yourself facing […]

How to liquidate a company

Posted on September 12, 2014

There are a multitude of reasons why you would want to liquidate your company or would need to, so knowing the right steps to follow in advance can help make the process of liquidation smooth and painless. This guide deals with how to liquidate a company if you are choosing to do a voluntary liquidation, […]

Bankruptcy since 2002: The Rise of Pre Pack Administration

Posted on September 3, 2014

The Enterprise Act 2002 and the needs of Insolvent Companies Although bankruptcy is a term often applied to companies, technically only private individuals (and partnerships) can become bankrupt. Businesses become insolvent, and there are two ways out of insolvency for a corporate entity: liquidation, and administration. Owing to the provisions of the Enterprise Act 2002, […]

Closing a limited company

Posted on August 19, 2014

Starting a new business can be exciting, but it can also be very frightening. The first year of business will generally make or break a business and a company owner needs to decide if they can carry on with their business or if they need to consider closing a limited company. One of the first […]