Category: Insolvency & Business Turnaround


E-Valuate for the Accountancy Profession

Overview Our litigation and insolvency teams are seeing more and more cases where directors have failed to implement dividend, loan account and remuneration structures properly. This can become an acute problem if the business subsequently fails, with directors often required to repay very significant sums of money. Below is an ...

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Buying a business in distress?

Overview Even successful businesses with excellent prospects can falter if for example they have inadequate funding or have been brought down by a bad debt. These can make excellent purchases. There are however things you should consider before signing on the dotted line. Always take specialist advice and be ready ...

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Major debtor gone bust?

Overview This is a scenario that can bring down even successful businesses and underlines why it is important to keep stringent credit controls and contracts in place with your customers. Even then, it is not always possible to avoid problems and if you find yourself in this unenviable position, here ...

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Options for a faltering business

Overview There is no stock solution for turning round a business in financial difficulty, but there are a number of options available to you, depending on your circumstances. All of the following need careful consideration, so take professional advice before deciding what to do. Remember too that the sooner you ...

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