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Company Liquidation


20

Sep

Difficult retail landscape claims another victim in Orla Kiely

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Posted by:     |     Category: Blog, Company Liquidation
orla kiely

More doom and gloom was cast upon the high street this week as Orla Kiely, the fashion and homeware retailer, ceased trading following the collapse of parent company Kiely Rowan. Directors of Kiely Rowan placed the company in creditors voluntary liquidation after some “challenging” years in both online and high street retail. According to Companies House records turnover of Kiely Rowan grew from £7.2m to £8.3m, however...

29

Sep

How to Prevent Rapid Growth From Damaging Your Business

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Posted by:     |     Category: Blog, Company Administration, Company Liquidation

For most business owners, growth is a good thing. Growth means higher revenues, more customers, more market share and, in many cases, a larger team to keep your business growing steadily. However, growth isn’t always good. Alongside higher revenues and more customers can come more debt, more expenses and, for a worrying number of businesses, cash flow that can’t keep up with liabilities. Is your business growing too fast? If...

3

Jul

Employee Rights: How You’re Affected By An Employer’s Insolvency

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Posted by:     |     Category: Blog, Company Administration, Company Liquidation

Has your employer become insolvent? When the company you work for runs out of money and enters into insolvency, you face several challenges as an employee, from ensuring your job is stable to making sure you’re paid for your work. As an employee, you have certain rights under the law, even when the company you work for is insolvent. You also have rights protecting your contract in the event that the company is sold to a new owner,...

13

Feb

Pre-pack Administration, Administration and Liquidation: What’s the Difference?

If your business has run into hard times, you face a variety of options to either close and repay creditors, negotiate new terms with creditors to continue operating or, in some cases, raise capital to pay creditors and resume trading. Three of the most common options for insolvent businesses are administration, pre-pack administration and business liquidation, which can be both voluntary (you and other directors choose to close...

6

Feb

5 Alarmingly Common Reasons Stable Businesses Become Insolvent

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Posted by:     |     Category: Blog, Company Liquidation

Whether your business is growing month after month or continuing to generate a stable amount of profit, poor habits and cash management can often cause it to go from stable and successful to insolvent in very little time. Businesses become insolvent for a wide range of reasons. Some businesses face a cash flow crisis caused by customer non-payment, while others simply fail due to changes in market conditions or increased competition...


If Business Debts are Affecting Growth?

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