More retailers are requiring corporate recovery advice

August 26, 2014

New research published by the accountancy practice Wilkins Kennedy shows that retail insolvencies were at their highest level in 2013 for five years. The figures highlight that despite the economic recovery, the number of retailers falling into financial difficulties continues to grow. For the year to the end of March 2014, 1,287 retailers became insolvent.

Read more

Sales are great… but cash is what matters

August 1, 2014

Even if you have the world’s greatest products or services, and even if you have the world’s greatest business model, your business will never succeed or be profitable if it doesn’t get paid for what it sells.

Read more

Why seeking corporate recovery advice is the best move you could make

June 26, 2014

If you run a busy company then it can be easy to ignore the early signs that you may be in trouble financially. Debts tend to creep up on you quite slowly and unless you really have your eye on the ball it can be hard to identify potential problems. However, before you know it, things can take a very swift downwards spiral and from there on it can be very difficult to get back on top.

Read more

How corporate recovery advice can save your business

June 11, 2014

In recent years we have had quite a bleak economy, with a record number of businesses either struggling financially or ceasing to trade. When this point is reached it is likely that corporate recovery advice will be sought. In a nutshell, corporate recovery is when professional accountants and specifically trained staff are drafted in to help nurse a company or individual back to financial well being and resolve the issues that brought them into the negative position.

Read more

No, Chancellor. No, no, no, no, no.

April 11, 2014

You may be a little surprised to see us commenting on the Chancellor’s recent Budget. After all, we don’t advise on tax issues. However, deep in the small print of the Chancellor’s announcements was one piece of bad news … really bad news.

Read more

Company insolvency is your worst-case scenario – you can avoid it!

March 28, 2014

In these austere times everybody has cause for worry – particularly company owners. If you are at the helm of a business then you will have seen your company through the good times and the bad, however there is always the very real risk of something going terribly wrong. At this point many companies are faced with the very real risk of company insolvency.

Read more

Investing? Or propping up?

March 11, 2014

According to research by peer-to-peer lending group, rebuildingsociety.com, the average SME business owner has invested £22,700 of their own personal money into their business in the last year. And the study shows that 37% of those planning to raise money outside traditional bank borrowing will use their personal credit cards (despite standard interest rates typically being around 18.9%, and often much higher).

Read more