What is fraudulent trading?
6 mins 14th August 2024
As a company director, there are many elements to think about. Occasionally, businesses may fail, and there are various reasons why this might occur, such as financial difficulties. Directors must...
Fixed and floating charges: what’s the difference?
5 mins 31st October 2023
As a business owner, there are many things that you need to be aware of. When it comes to finances, it’s crucial that you stay on top of what’s expected...
How to understand your company accounts
4 mins 31st October 2023
Company accounts can be difficult to understand, but as a director, it’s important to spend some time familiarising yourself with the various aspects. In this blog, we’re letting you know...
What is a limited liability company in the UK?
6 mins 31st October 2023
When deciding whether to open your own company, there are many things to consider. One of these things is the type of company you wish to set up. In...
How to not run out of money in your business
4 mins 29th September 2023
This blog is aimed at small business owners in the UK. We’ll be letting you know some hints and tips on how you can manage your cash flow better and,...
What happens if you can’t pay an overdrawn Director’s Loan Account?
8 mins 23rd September 2022
What happens if you can’t pay an overdrawn Directors Loan Account? Dealing with company liquidation can be stressful, so we’re here to answer your most important questions. One question we...
How long does liquidation take?
8 mins 8th August 2022
So, you’ve decided to liquidate your business, you’re probably trying to figure out how everything works, when things will start to happen and how is best to deal with the...
Can you strike off a company with debts?
10 mins 4th January 2022
We often get asked this question: ‘can I strike a company off that has debts?’ This question often comes from directors who are struggling to keep their businesses afloat. Like...
Creditor Pressure
9 mins 27th August 2021
Where to begin When a company falls into debt, it can cause many problems, including increasing demands from the creditors to repay what is owed. This not only places a...
Business Debt Advice: What are my options?
7 mins 27th August 2021
Business Debt Advice for directors: What are my options? Dealing with business debts can be stressful, especially when you can’t see an end to it. In this article, we’ve put...
Are you entitled to director redundancy pay?
8 mins 9th July 2021
Are you entitled to director redundancy pay? Deciding to close your limited company can be a stressful time, especially if you’re also dealing with financial issues and creditor pressure. You...
What’s the difference between liquidation and bankruptcy?
5 mins 21st May 2021
At 1st Business Rescue, we understand that insolvency can be challenging to understand. There are many elements to think about during an already stressful time. In this blog, we’re answering...