Business Rescue Archives

Financial and Tax Implications of Creditors’ Voluntary Winding Up

Leave a Comment / Business Rescue / By Viv1

In the corporate finance world, the decision to wind up a company is often a challenging yet necessary step, particularly when faced with insurmountable debts and operational difficulties. For UK businesses, the process known as Creditors’ Voluntary Winding Up (CVL) provides a structured and legally sound framework to manage the orderly closure of a company. …

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Which Kind of Debts Should You Settle First When Winding Up a Company?

Leave a Comment / Business Rescue / By Viv1

When it comes to winding up a company, the process can be complex and emotionally taxing. There are many factors to consider, but one of the most crucial aspects is managing the company’s debts. Debt in winding up is a significant concern for both directors and creditors and understanding which debts to settle first can …

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Maximising Your Bounce Back Loan with the Barclays Loan Calculator

Leave a Comment / Business Rescue / By Viv1

The COVID-19 pandemic brought unprecedented challenges to the UK business landscape, prompting the government to introduce the Bounce Back Loan Scheme (BBLS). This initiative aimed to provide a financial lifeline to struggling businesses, especially small and medium-sized enterprises (SMEs). As we continue to navigate the post-pandemic economic recovery, many businesses now face the daunting task …

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Maximising Your Returns: Simple Liquidation for Small Businesses

Leave a Comment / Business Rescue / By Viv1

There are a number of exciting prospects that come with running your own business; however, there are also many potential pitfalls that come with it as well. There are several reasons why your organisation might fall on hard times but if this is ever to happen then it may well be the case that you …

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Pros and Cons of Using a Debt Management Plan in the UK

Leave a Comment / Business Rescue / By Viv1

You can deal with different financial problems in several ways if you find yourself in difficult times. A common method to reduce the amount of debt affecting you, your business or your household is to implement a debt management plan. There are a number of advantages that come with this approach; however, there are also …

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What is the Difference Between Restructuring in the UK and the USA from an Advisory Perspective?

Leave a Comment / Business Rescue / By Viv1

Transatlantic lending is becoming a much more viable option for a lot of businesses at the moment. With that, it is worth considering how restructuring compares between the UK and US markets. There are many differences when it comes to managing finances in these two countries; if you plan on working in both markets, you …

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HSBC Bounce Back Loan Repayment Extension in the United Kingdom

Leave a Comment / Business Rescue / By Viv1

In April 2020, the government launched their Bounce Back Loan Scheme (BBLS) to help small and medium-sized businesses through the coronavirus pandemic. It allowed companies to borrow up to £50,000, depending on turnover, at a very low-interest rate and without having to pay a penny towards paying back the loan for 12 months. The government …

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Why Are Creditors’ Voluntary Liquidations So Popular in Town?

Leave a Comment / Business Rescue / By Viv1

After two years of the coronavirus pandemic (and there doesn’t seem to be much relief from it as we head into winter), retailers, small businesses, and companies in certain industries, like travel and hospitality, have struggled to keep going. In order to stay in business, many companies have adopted a particular tool in the restructuring …

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How Insolvency Practitioners Return Insolvent Companies to Solvency?

Leave a Comment / Business Rescue / By Viv1

Just because your business is currently insolvent doesn’t mean that it can’t be rescued and returned to a solvent company. Part of an insolvency practitioner’s (IP) role is to assess the company’s current state of affairs, i.e. the how and why it became insolvent. If the basis of the company is essentially sound, they may …

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Important Tips to Get Out of Debt in 2023

Leave a Comment / Business Rescue / By Viv1

Debt; none of us like it but over the past 18 months it’s become a necessary evil to surviving the Covid-19 pandemic. According to the latest statistics, the average credit card debt per household is £2,030, although outstanding credit card balances are dropping. But when you take into consideration the total unsecured debt per UK …

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Business Rescue

Financial and Tax Implications of Creditors’ Voluntary Winding Up

Which Kind of Debts Should You Settle First When Winding Up a Company?

Maximising Your Bounce Back Loan with the Barclays Loan Calculator

Maximising Your Returns: Simple Liquidation for Small Businesses

Pros and Cons of Using a Debt Management Plan in the UK

What is the Difference Between Restructuring in the UK and the USA from an Advisory Perspective?

HSBC Bounce Back Loan Repayment Extension in the United Kingdom

Why Are Creditors’ Voluntary Liquidations So Popular in Town?

How Insolvency Practitioners Return Insolvent Companies to Solvency?

Important Tips to Get Out of Debt in 2023

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