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When setting up limited companies we all hope and expect that everything will work out well but sometimes events overtake the owners of a business and they find themselves in a situation where the company is wound up, whether that be voluntarily or otherwise. One of the duties of a liquidator in...
When you start out in business it’s a good idea to have a budget. You may have a formal one or informal but the better quality of budget you have then the more chance you have of succeeding. People often get budgets and forecasts mixed up; the best way to think of them is like this; Budge
As a director it is easy to think that you need more information, after all you have a fiduciary duty to do the best job for your company, but there’s a clear argument that having more information at board level actually hinders understanding and decision making rather than helps. Directors
It's often said that businesses don't die of lack of profit, just lack of cash and this is as true today as it ever was. Companies that can’t pay their bills when due will find that creditors patience tends to run out very quickly and debt collection action can be the result. Eventually, thi