Business Recovery Archives

Simple Liquidation: Success Stories on Business Recovery from Looming Failure

Over the years, large corporations, often well-known internationally, have become insolvent for various reasons. Whilst some of them have famously closed down, and long since been forgotten, there are also many that managed to recover from the brink of failure. The success stories can sometimes be hailed as the vision of leadership – would Apple […]

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Bounce Back Loan Calculator: How to Calculate Accurately

Business Recovery / Viv1

The Chancellor, Rishi Sunak, announced a series of financial measures in 2020 to help businesses through the coronavirus pandemic. One of those initiatives was the Bounce Back Loan which was launched in April 2020. It allowed small and medium-sized businesses to borrow up to £50,000, depending on turnover, at a very low-interest rate. As well

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Best Business Debt Recovery Service in the United Kingdom

Business Recovery / Viv1

Just about every business in the UK will, at some point, struggle with cash flow or debts; in fact, many large corporations manage an ongoing debt. However, it becomes an insolvency situation when that debt gets out of control and increases to the stage where incoming revenue is just not enough to cover outgoings. The

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Business Continuity and Disaster Recovery in Financial Services

Business Recovery / Viv1

A couple of months ago, on 31st March, the financial sector in the UK had to abide by new operational resiliency regulations and guidance. Designed by the FCA (Financial Conduct Authority) and in partnership with the PRA (Prudential Regulation Authority) as well as the BoE (Bank of England), the aim is to improve and strengthen

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How to Close a Company with HMRC Debts in the United Kingdom

Business Recovery / Viv1

Struggling with company debt can be challenging; many directors find that the turning point into official insolvency is being unable to pay HMRC their tax obligations. In these situations, the company enters an insolvency procedure. Which procedure depends on whether HMRC applies via the courts for compulsory liquidation or the company’s directors opt for a

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Business Asset Disposal Relief on Liquidation in the United Kingdom

Business Recovery / Viv1

What was formerly known as Entrepreneurs Relief is now known as Business Asset Disposal Relief (BADR). It is a tax relief benefit that can reduce the Capital Gains Tax (CGT) that is paid on the sale of the assets of a solvent company that is either being liquidated or sold. When a solvent company is

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Best Guide for Business Recovery Services & Rescue in 2022 in UK

Business Recovery / Viv1

Debt is not an easy matter to deal with. The last couple of years have possibly been the hardest for many businesses, large or small, due to the impact of the coronavirus pandemic. Sadly, for some business owners, it’s difficult to see a way past the debt and into recovery. Being in debt, whether it’s

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Best Disaster Recovery Plan for Small Businesses

Business Recovery / Viv1

Businesses across the UK haven’t had an easy time recently; not only are many fighting to survive after the pandemic of the last two years, but they have also had to deal with an energy crisis, increasing inflation and the potential of a recession looming, as well as the threat of ongoing rising costs due

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What Happens If a Company Can’t Pay It’s Bounce Back Loan?

Business Recovery / Viv1

Lockdowns in 2020 and early 2021 due to the coronavirus pandemic hit many businesses across the UK hard. To help small businesses that were, and are, struggling to survive due to Covid-19, they were able to apply for funding via a Bounce Back Loan Scheme introduced by the Government in May 2020. The loan allowed

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Is It Possible in the UK to Takeover a Limited Company that’s in Receivership or Liquidation?

Business Recovery / Viv1

When a limited company enters receivership, also known as administrative receivership, it is usually because it has serious cash flow problems and is insolvent. The same can be said for a company being liquidated. Both processes are for insolvent limited companies and must be handled in accordance with the Insolvency Act 1986. However, the process

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Business Recovery

Simple Liquidation: Success Stories on Business Recovery from Looming Failure

Bounce Back Loan Calculator: How to Calculate Accurately

Best Business Debt Recovery Service in the United Kingdom

Business Continuity and Disaster Recovery in Financial Services

How to Close a Company with HMRC Debts in the United Kingdom

Business Asset Disposal Relief on Liquidation in the United Kingdom

Best Guide for Business Recovery Services & Rescue in 2022 in UK

Best Disaster Recovery Plan for Small Businesses

What Happens If a Company Can’t Pay It’s Bounce Back Loan?

Is It Possible in the UK to Takeover a Limited Company that’s in Receivership or Liquidation?

Simple Liquidation

Lawrence House,

5 St Andrews Hill,

Norwich,

NR2 1AD