Article by Bev Budsworth MD of The Business Debt Advisor Personal Guarantees or “PG’s” It is almost impossible to avoid personal exposure to debt when setting up your limited company/business. Banks, other funders, suppliers, leasing companies frequently will require directors or shareholders to provide personal guarantees, “PG”’s as additional...
2019 and brexit will bring new threats and opportunities for business
Article by Bev Budsworth MD of The Business Debt Advisor As 2019 begins, the year ahead promises to bring new challenges for businesses across the UK but also new opportunities and chances for growth. Brexit and Uncertainty The UK is due to leave the European Union on March 29th this...
Consultation findings on improvements to Insolvency and Corporate Governance
Consultation findings on improvements to Insolvency and Corporate Governance The government opened a consultation on Insolvency and Corporate Governance which ran from 20 March 2018 and closed on 11 June 2018. Details of the responses received and the outcome of the consultation can be viewed at:- https://www.gov.uk/government/consultations/insolvency-and-corporate-governance The aim of...
Why Should You Formally Liquidate Your Company
Article by Bev Budsworth MD of The Business Debt Advisor So why does it makes sense to liquidate? Claiming monies from the Redundancy Fund I was recently instructed to provide advice to a company who had used most of the cash at bank to pay employees wages and were now...