Pre-Pack Administration #024

Published on 31 December 2010 by Tony Groom Pre-pack Administration is a tool for saving struggling businesses that are in severe financial difficulties but are potentially sound. Essentially it means “selling” the business to a new company immediately upon appointment of an Administrator, the preparation for sale being carried out prior to appointment. The sale […]

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Latest Insolvency stats suggest Zombie companies are still hanging on #061

Published on 5 August 2011 by Tony Groom The latest Insolvency Stats published on Friday suggest that Zombie Businesses are holding back the UK Economy, says company doctor Tony Groom, of K2 Business Rescue. A summary of the Q2 2011 UK insolvency statistics shows: Compulsory Liquidations up; Voluntary Liquidations down; Administrations down and CVAs static. […]

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A Frozen Bank Account Need Not be the End of a Business #014

Published on 26 November 2010 by Tony Groom If a bank takes action to freeze a company’s bank account it is an indication that the bank is nervous and under its bank facility terms and conditions has exercised its right to not release funds. A bank’s behaviour is monitored by its facility people and triggering […]

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Do Small Businesses Understand Working Capital and Liquidity? #046

Published on 6 May 2011 by Tony Groom There is some doubt about whether small businesses in particular understand the concept of liquidity. When borrowing against assets, such as the sales ledger using factoring or invoice discounting or plant and machinery finance or property mortgages, there seems to be a widespread misunderstanding among businesses about […]

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A Frozen Bank Account Need Not be the End of a Business

If a bank takes action to freeze a company’s bank account it is an indication that the bank is nervous and under its bank facility terms and conditions has exercised its right to not release funds. A bank’s behaviour is monitored by its facility people and triggering action to freeze does not imply any expression […]

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