Is a CVA a viable way to save my company?
As businesses start to think about restarting after lockdown, a CVA may be a useful tool. A CVA, or Company Voluntary Arrangement, is an agreement between a company and its…
Is my company insolvent?
Knowing when your company is insolvent is important for several reasons. The most important reason is that it changes your duties as directors to act in the interest of creditors…
How to get the most out of a cashflow forecast
This is the second in a series of articles to help business plan their cashflow. The first one is about short term cash flow and can be found here. In…
Financial assistance for employers unable to pay statutory redundancy payments
The Insolvency Service has just published guidance for solvent businesses that need to make staff redundant but cannot afford to make the payments. You can find the guidance here The…
Advice for struggling businesses in the Coronavirus era – short term cashflow
It is always difficult advising struggling businesses on the best way forward. My starting point is usually to assess the current financial position and then to look at the short,…