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People taking up same-day finance to claim insolvency experts
Finance:Loans - By Sli Ja Dell, 24 views
The experts in the field of insolvency are saying that the many people are taking up payday loans to solve their trouble if debts or day to day meets, which they feel may not be an idle alternative for them.

Does your partnership need help with debt, if so consider a Partnership Administration Order
Finance:Credit - By Steve Thatcher, 95 views
A Partnership Administration Order is similar in some ways to Administration for a limited company. It is a rescue vehicle often used by larger partnerships such as accountants, solicitors and architects. Many of these are now trading as limited liability companies, but many partnerships do still exist. For those running out of cash it is certainly something to consider.

Company Insolvency - what to look for if you think you might be insolvent
Business:Management - By Steve Thatcher, 108 views
Many companies in the UK are struggling, many may wonder if they are insolvent. Here I show a few pointers as to what to look for.

Voluntary Liquidation - a brief guide.
Finance - By Steve Thatcher, 77 views
If you think that your company is in trouble then you may need to speak to someone who is able to advise you on the effects of voluntary liquidation. It is often also called creditors voluntary liquidation or CVL, as it involves the creditors, at a meeting, voting that the company should go into liquidation.

A guidde to company insolvency procedures
Business - By Steve Thatcher, 82 views
Corporate winding up is the term sometimes given to the liquidation of a limited company, although it may equally apply to a partnership. Any town in the UK will have experts in winding up companies where the need demands, although they should look at every opportunity to save a business if at all possible.

A Guide to the Voluntary Liquidation procedure
Finance:Credit - By Steve Thatcher, 104 views
The creditors voluntary liquidation is the most popular mechanism for closing down a company that is insolvent. The latest insolvency statistics for the fourth quarter of 2008, published by the Insolvency Service shows that over 3,000 companies took the option of closing their doors this way. To put that into some kind of perspective, that was a 62% rise on the same period in 2007, which dramatically illustrates the down turn in the economy.

Company Administration- a favourite Insolvency tool
Finance:Insolvency - By Steve Thatcher, 85 views
The company administration is now an extremely popular method for a company to deal with it's financial problems. In the last quarter of 2008, some 2000 companies took advice from an insolvency practitioner and opted for the administration solution.

Is my business Insolvent? Ways to tell.
Finance:Credit - By Steve Thatcher, 100 views
This is one article in a series exploring the myriad of pointers which may indicate that your business is insolvent.The recession is biting as a result of the credit crunch and Insolvency is almost a way of life for some sectors. Check this article and see if you need help with debt.

Commercial Cleaners struggling in the recession
Business - By Steve Thatcher, 81 views
Commercial cleaning companies will be feeling the pinch this quarter as the latest insolvency figures show yet more companies entering insolvency. The problem for the cleaning companies is that they require contracts from offices and shops for their livelihood.

Domestic Heating Engineers Feeling the Heat Of Insolvency
Finance:Insolvency - By Steve Thatcher, 88 views
The credit crunch has caused problems in every sector of the economy. The replacement and installation of central heating was until very recently a licence to print money. What was once a boom industry is now struggling to keep its head above water.

My Grocery Store is Insolvent
Business - By Steve Thatcher, 70 views
It is very hard in these times to make money, couple that with the purchasing power and advertising spend of the major supermarkets and you have a recipe for an insolvent business. If you have any doubts about whether your business is in trouble you need to take professional advice.

Caravans, Motorhomes, and Trailers - A Sector Facing Insolvency
Automotive - By Steve Thatcher, 110 views
A caravan, motorhome or a trailer is a very big purchase for most families. These can be thousands of pounds in value. Very few people can afford to buy such a purchase in cash, and so credit is required.

Second Hand Car Sales Suffer In Recession
Automotive - By Steve Thatcher, 159 views
A car is the second largest purchase that many families make. Most people cannot afford to make a payment for a new or second hand car out of cash and credit will be required. So what do you do then if your line of credit has dried up.

Death of Hosiery Industry in Leicester and the effects of Liquidation
Finance:Credit - By Steve Thatcher, 87 views
Every town and city in the UK is suffering in various ways from debt problems caused in part by the credit crunch. Leicester is no exception. Debt Help agencies in the town have reported a large rise in inquiries for help with debt.

Carpet Shops have rugs pulled from under their feet by insolvency
Finance:Credit - By Steve Thatcher, 76 views
The problems with the collapse in the housing market stretches further than you may imagine. It is not simply the large building firms who have suffered but also every other trade who is required to fit out the house.

Double Glazing - company failure reflecting rest of industry
Business:Management - By Steve Thatcher, 69 views
The credit crunch has knocked the stuffing out of the lending sector. It doesn't just affect mortgages however, there are plenty of businesses across the country that need credit to sell their services, the replacement window business is one of those.

Architects need an plan in recessions
Business:Productivity - By Steve Thatcher, 77 views
Architects are one of those professions which many of us will never need. Unlike a solicitor, to whom we will turn when we want to buy a house, the architect only comes to mind if we then decide to make major alterations to that house. It is easy to forget as we all struggle to get through the recession, that almost every sector of the economy is affected.

Air Conditioning Companies feeling heat of liquidation
Business:Management - By Steve Thatcher, 95 views
The recession has affected all sorts of businesses. In Britain we have been predicted a long hot summer. Great news you might think for the Air Conditioning Industry, well things are not all rosy. Many air conditioning supply companies are struggling at the moment. the problem is that air conditioning is an expensive product.

Building Companies Facing Liquidation
Finance - By Steve Thatcher, 88 views
One of the most noticeable elements of the credit crunch has been the effect on the building sector. When the recession first bit, almost the first group to be affected were those in the building trade.

My Key Supplier is Insolvent
Business - By Steve Thatcher, 147 views
If a key supplier of your business becomes insolvent or ceases to trade this can have huge impact on your own business. With insolvency many people concentrate on the losses to the suppliers of the business, and ignore the consequences on the purchasers.

Wrongful Trading - Know if your company is Insolvent!
Insolvency - By Steve Thatcher, 107 views
This is a term that is often applied to the technical term Creditors Voluntary Liquidation or CVL. It is the most common form of insolvency procedure for the limited company. It is commenced by the directors, who will have kept an eye on the finance of the company and concluded that the assets of the company are less than its liabilities or the debts cannot be paid as and when they fall due.

Company Bankruptcy - otherwise known a s the CVL
Finance:Insolvency - By Steve Thatcher, 76 views
Company bankruptcy is a term often used in the media by mistake to describe a company liquidation, or CVL. The print and spoken media also interchange without much recognition of the mistakes they are making, the terms receivership and administration. Everybody has heard of the term bankruptcy, in the context of individuals, but no term actually exists in relation to a company.

Corporate Turnaround - A Recession Guide
Finance - By Steve Thatcher, 91 views
Corporate turnaround is the process by which a company which is in financial difficulties can work itself out of its problems by making use of well tried techniques. It will if it is successful obviate the need for a formal insolvency procedure, such as liquidation or administration.

Invoice Discounting - using invoices for cash flow finance
Finance:Insolvency - By Steve Thatcher, 76 views
Whether you are closing down one business and looking to finance another, possibly as part of a pre-pack administration or liquidation, or if you want to realise the assets such as invoices to create cash flow, then invoice discounting may be for you. For many people, this will be a new area of finance and so it would be advisable to get a detailed discussion from a broker in this field. This article will provide an overview.

Company Winding Up- A Liquidation Guide
Finance:Insolvency - By Steve Thatcher, 78 views
Company Winding Up A company winding up is the mechanism by which an insolvent business legally ceases to trade with the help and assistance of an insolvency practitioner. As a company director you need to be constantly aware of the financial position of your business, and take steps, if you conclude that the company is insolvent, not to increase the debt levels.

Sole Trader Insolvency - An IVA may be a solution
Finance:Insolvency - By Steve Thatcher, 83 views
A sole proprietor insolvency can be used to describe an IVA or individual voluntary arrangement or a bankruptcy. Many businesses in the UK are now incorporated, but a huge number of people are still working on their own, in small self contained businesses, doing anything from running a sandwich shop to a web design company.

The signs of a struggling business in a recession
Finance:Insolvency - By Steve Thatcher, 91 views
Do you have a struggling business? Would you benefit from an independent financial review? I have compiled a simple guide to the warning signs which will indicate whether or not your business is struggling and whether you need to pick up the phone and take some free advice.

Company Liquidation - an overview
Finance:Insolvency - By Steve Thatcher, 67 views
Company Liquidation is the term that describes the process by which a limited company is closed down when insolvent. In the fourth quarter of 2008, 3000 companies went into Creditors voluntary liquidation which was a 62% rise on the same quarter in 2007.

Is your business is insolvent - should you close it?
Finance:Insolvency - By Steve Thatcher, 94 views
We get quite a few requests from directors to help them close their businesses. With the constriction of credit and the falling off of order books, many small businesses are now becoming nonviable, especially if they have carried debt into the current crisis.

Signs of Company Insolvency - How you deal with creditors
Finance:Insolvency - By Steve Thatcher, 69 views
In a previous article we have dealt with a few tips about how to spot if your company is insolvent, using the balance sheet test and the cash flow test. Here I will explore the signs that will be apparent from your dealing with your creditors.

Is my business Insolvent? Further clues that may confirm your suspisions
Finance:Insolvency - By Steve Thatcher, 65 views
In the height of this recession many businesses are going to the wall. The key to understanding whether or not you are insolvent is to analyse your problems. This particular piece will concentrate on problems you may experience with the Crown, namely PAYE and VAT.

Is my business Insolvent? Director's across the company are wondering the same thing
Finance:Insolvency - By Steve Thatcher, 62 views
Is my business insolvent, will be a question many small business owners will be asking themselves during this recession. It is crucial to understand this as it will affect your decision whether to take formal insolvency advice.

Is my business Insolvent? Directors, it is time to look at yourself
Business:Management - By Steve Thatcher, 69 views
In this ongoing series of articles we have explored indicators that may give clues as to whether your business is insolvent. Here we take a look at management issues. Take a look at your behaviour and see if these are aspects of your management.