Restructuring and insolvency professionals announce merger

September 10, 2016

Two leading firms of business turnaround, restructuring and insolvency professionals have announced a merger.  Burton Sweet Corporate Recovery (now tri group) who have offices in Bristol, Bournemouth, Cardiff and Shrewsbury, have merged with Stonham.Co, who practise in Exeter, Bristol, Cardiff, Witney, Guildford and Chichester.

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A director is a director

July 14, 2016

It’s quite common for individuals running companies to appoint their spouses or partners as directors of their company, even though there is no intention that the spouse or partner should take any active role in the company’s management. Apart from anything else, there may be sound tax mitigation reasons for doing so.

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Brexit: A personal perspective

July 4, 2016

Well, well. Who’d have thought it? The nation has had its say and it seems we want out of the EU. So what are the consequences for UK businesses? In the short term we are inevitably faced with a period of uncertainty.

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So are you a director?

June 21, 2016

Who are the directors of a company? At first sight that’s a pretty straightforward question to answer. Surely, you simply look at the company’s records at Companies House and there you’ll have it. But it’s not quite that easy. The law defines a director as “any person who holds the position of director, by whatever name called”.

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Bad debt: a fact of business life

June 3, 2016

Even companies with the most rigorous credit control procedures run the risk of incurring a bad debt should a customer fail. For smaller companies, incurring a significant bad debt can result in the end of the business itself.

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A sale is not a sale until it’s paid for

May 31, 2016

Cash flow is the lifeblood of any business. That’s why it’s absolutely crucial to collect debts due from customers for goods or services sold on credit. Indeed it has been estimated that late payment is a major factor in at least 1 in 5 business failures.

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Don’t let your business waste away

October 9, 2015

A company providing a service analysing the composition of waste for local authorities across the UK, and the government’s waste and recycling agency, has ceased trading and gone into liquidation. Paul Harding and Graham Down, of tri group, have been appointed as Joint Liquidators.

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