For company directors already facing #cashflow issues, rising payroll costs could be the final blow, increasing the risk of insolvency. #NIC #CompanyDebts #DirectorAdvice

There are a variety of reasons why a business might enter liquidation and this process can be instigated either by the company director(s) (voluntary liquidation) or by a creditor (compulsory liquidation).

I can’t afford to liquidate my company - what should I do? 🤔 . How to close a company with no money: . #BusinessClosure #DirectorSupport #CompanyAdvice.

If you miss a monthly Time to Pay Arrangement payment and do not inform #HMRC beforehand, it can lead to swift and escalating consequences that could have a significant impact on your business. #TTP

If your company is insolvent, it’s a legal requirement that you seek professional advice from an Insolvency Practitioner. Depending on the company’s circumstances, it is their job to try to save the business or wind it up in an orderly way. #BusinessAdvice

If you're a landlord, landlady, pub owner and struggling financially to keep your business open, speak with our team for free and ascertain which business route might be best for you. #Publican #SaveOurPubs 🍺.

Obtaining professional advice is the first step if you believe your pub business needs to be liquidated. You’ll be able to find out if there are any rescue options available, such as alternative funding or formal rescue procedures. 🍺

The default marker placed on your business’s credit file remains there for six years. During this time you’re likely to find it more difficult to obtain business borrowing, which can limit growth.

The answer to this question, in most cases, is no. However, there are some circumstances when your personal assets could be at risk. 🏠

More than 200 pubs closed in six months amid tax hikes, figures show

Writing off #HMRC #tax debt is never an easy option. It will have serious implications for you and your business, and you need to understand what the consequences will be.

A freedom of information request sent by Begbies Taylor to the FCA showed there are only 196 financial advisers aged below 25

The number of UK #construction companies in ‘critical’ distress, a more severe category indicating potential insolvency, was 6,999 – an increase of 15.8% on a year before.

Of all the creditors a company can have, #HMRC is arguably the most dangerous. You may be tempted to prioritise payments to suppliers to keep your business on track, but if you fail to engage with HMRC, it can take quick and decisive recovery action.

The financial ramifications are serious, as not only does the company face a hefty penalty if found guilty, the Health and Safety Executive also has the power to recover their costs from the company. #HSE

With #digital assets on the rise, so are the risks to corporates, therefore, it’s paramount for company directors to understand the intricacies of digital assets and the connected dangers to avoid potential insolvency. #crypto #fraud .

Traditionally, charities have relied on a blend of government support and fundraised income to stay afloat. But both pillars are now under strain. #Government grants have declined by around £1 billion annually in real terms since 2020.

The provision of personal guarantees for business borrowing is sometimes the only option for directors trying to grow their company. A problem can arise if business takes a downturn, and you cannot keep up repayments on the loan.

Making decisions about the future of a struggling company is never easy, but it is even more problematic when there are two directors with opposing views. #DirectorAdvice.#DirectorSupport

Regardless of how you enter #liquidation, you must cease trading as soon as you know the company is #insolvent and for the duration of the procedure. #DirectorSupport.#DirectorAdvice