When it comes to money in business, there are lots of phrases that are mentioned. Something you may hear about are fixed and floating charges. In this blog, we’ll be letting you know what these are. At 1st Business Rescue, we are often asked about these various
Read more →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 how to understand your company accounts. Company accounts are very important, and they can really help to
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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 this blog, we’re letting you know the details of a limited liability company in the UK. What are
Read more →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, hopefully, not run out of money in your business. We speak to many directors who own fundamentally
Read more →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 often hear is, ‘What happens if you can’t pay an overdrawn director’s loan account?’ In this blog,
Read more →How long does liquidation take? 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 liquidation process. If you’re wondering – how long does liquidation take? We’re
Read more →Can you strike off a company with debts? 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 many questions about liquidation and company closure, the answer
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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 considerable amount of stress on the directors, but it can also result in action being taken that
Read more →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 together a guide to business debt advice for directors. Where to begin with business debt advice If
Read more →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 might wonder what happens regarding redundancy for directors. Employee redundancy is often talked about much more than
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