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Is my business insolvent.
Is my business insolvent part 1.
Is my business Insolvent part 2
Is Your Company facing Corporate Bankruptcy? Did you know there is a solution for you?
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Company Voluntary Arrangement (CVA) and how it might help companies in Birmingham, Coventry and Stoke
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How a Bulgarian citizen can declare himself bankrupt in the UK
What to do if you can’t pay your Corporation tax.
Bankruptcy Tourism in England and Wales
Are you a computer contractor who can’t pay their company tax?
How to close an insolvent Home information pack company
How to close a UK limited company
How Company Directors Can Recover Money from the National Insurance Fund
Winding up a small business with no cost to a director
Not enough money to pay corporation tax
Shutting Down a Limited Company
I recovered 3 directors £24,000 from the National Insurance Fund
Eight rules on why you need to control cash flow
What happens if you don’t pay Crown debtsHMRC have issued some very helpful guidance for businesses on their website about what could happen to your company if you fail to pay the Revenue what is due. As they say, HMRC is responsible for making sure that
Reducing the risk of non payment by a customerReducing the risk of non payment by a customer is a good way to keep cash flow positive and avoid any problems with insolvency. Remember cash is king but, unless you get paid in cash at the time of providing y
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Is my business Insolvent part 2
Directors take a look at yourself
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.
Ten management reasons why businesses fail
Lets start off with the simple matters. Do you actually have a business plan?
If not how do you expect to manage the business going forward.
Do you have management meetings so that you are aware of what each department
is doing as against target?
Is it in fact just you running the business? Do you not trust anyone else to
make decisions? Maybe it is your lack of decision making that is stifling the
business.
Is your management data accurate and up to date? Does your management
understand their data and know how to use it to take the company forward? Do
you actually have any data? What are your debtors, how much do you owe your
creditors?
When you have a problem do you drop all other concerns and fire fight the
problem before you. Will you complete that task or will you simply move on to
another problem?
Who is to blame for your situation? Your accountant, your lawyer, your sales
team, your credit control, your production staff, YOU!
Be honest with yourself here. Are you up to the job? Maybe you are just a
victim of circumstance here and that it really is the credit crunch and
recession that is dragging the business down.
If that is the case, you need to address those problems and seek professional
help to allow you to best surmount those problems.
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