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Tech Solutions had been trading for over 20 years, but due to ill health, John the owner of the business was unable to work for 6 months. Customers took advantage of John’s absence and stopped paying their invoices on time, this had a detrimental impact on cash flow. Unpaid debts began to mount up and

A contractor might decide to close their company using the Members’ Voluntary Liquidation (MVL) process if he or she is looking at: retirement taking on an employee-role no longer wishes to trade The main reason businesses choose an MVL is because the Directors no longer wish to trade. If the business is financially sound an

As a business owner accepting that your business is in difficulty and knowing how to deal with it are often the hardest things you will ever have to deal with.  The stress of the situation and worry about what the future will bring often lead us into inactivity until it is too late. The reality