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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.

Guide to hiring an insolvency practitioner

Posted on October 11, 2012

Business insolvency, whether as a sole trader, partnership or a limited company, can be messy and stressful. Your choice of insolvency practitioner can make a huge difference to the process, to the outcome and to the costs. Most business owners have no previous experience of hiring an insolvency practitioner, and because of what they do, […]

Mastering your cashflow finances

Posted on September 5, 2012

An independent survey of business owners conducted showed that 8 out of 10 business owners don’t feel like they have their business’ cashflow under control. A further 79% admitted to not knowing what their cash balance would be in 6 months’ time.

Key points about starting a business

Posted on September 5, 2012

Key research conducted by pawn asset lender Borro shows that entrepreneurs require about £94000 in order to start-up a business. Furthermore, about 38% of SME owners polled revealed that they had to sink into their personal funds from their savings into the business. As the general economic climate continues to hunt businesses, 10% of SME […]

Economy figures spark fears of high administration numbers

Posted on September 4, 2012

Figures released by the Office for National Statistics (ONS) show that the UK economy fell by 0.5% between the months of April and June (Quarter 2). Though all may seem gloom, the good news is that the data is less than the original estimate of a 0.7% contraction published in July.