Asset Finance
Fund the purchase of business assets using asset finance How asset finance can help your business We can assist you in acquiring the necessary assets or unlocking cash from owned assets, such as vehicles, plants, and machinery. This enables you to retain more cash for your daily business requirements. What is asset finance? True […]
Your Finance Options
What are my finance options to support my business? What are my commercial finance options? Business finance presents itself in different forms, such as invoice financing, asset-based lending, classic business loans, and funding for commercial properties. Selecting the correct choice for your company, considering its short-term funding requirements and your long-term goals, is vital to […]
Invoice Finance
Release cash from unpaid invoices using invoice finance What is invoice finance? Invoice finance is a distinct form of commercial funding that revolves around unlocking the funds tied to outstanding invoices. The two primary categories of invoice finance are invoice factoring and invoice discounting. Both methods aim to achieve the same result of releasing the […]
How to close down my contractor business
Find out how to close your limited company in the most tax-efficient way If you seek a new challenge or find no further need for your contractor business, various methods allow you to close it down. Fortunately, this brings an end to the expenses and administrative responsibilities tied to operating a limited company, enabling you […]
What are the fiduciary duties of a limited company director?
Requirements for directors of solvent and insolvent companies The legal separation of a company from its directors through the corporate structure also imposes various fiduciary duties on directors. These obligations are in place to protect all stakeholders associated with the business, including shareholders, employees, customers, and the general public. Fiduciary duties apply to all directors, […]
Understanding the penalties for employing illegal immigrants
What happens if you employ illegal immigrants? If a business director hires an undocumented immigrant or someone without the right to work in the UK, they may face an unrestricted fine or up to 5 years in prison. Neglecting compliance checks while hiring could lead to being convicted of endorsing unlawful employment practices, with severe […]
What happens if a limited company goes bust?
Advice for directors of companies heading into liquidation When a company faces difficulty in settling suppliers and regular bills or carries disproportionate liabilities compared to asset value, it may be deemed insolvent. In the event of your limited company’s insolvency, your priorities as a director shift, necessitating a focus on the interests of creditors. This […]
What are the reasons behind small business failures?
Common Reasons Why Small Business Startups Face a High-Risk Failure “My business faces a crisis as debts escalate uncontrollably, and I lack sufficient cash to meet timely payments. I’ve come across information suggesting that many small business startups encounter issues akin to mine, but what is the reason?” This worry is prevalent among the directors, […]
How to handle soaring overhead costs
4 practical ways to reduce your company’s overhead costs At times, managing a business can feel like costs are getting out of hand. When your running expenses keep going up, it can be hard to gather the money needed to meet your responsibilities and make a profit. To evaluate your company’s finances, start by reviewing […]
My company is facing an Employments Tribunal Action – what now?
My company is facing an Employments Tribunal Action – what now? If efforts to resolve a workplace dispute prove unsuccessful, your employee has the option to bring the matter to an employment tribunal, where the rulings carry legal obligations. Entering into an employment tribunal is a significant matter that could lead to substantial financial penalties […]