Information for Limited Companies

Information for Limited Companies

The financial health of a business is the single biggest indicator of success. Financial literacy should be high on the agenda for any Company Director. If your company has run into cash flow problems for any reason, take a look at your options below.

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Insolvency

A business is considered insolvent when it is unable to pay its debts. The more debt a Company is in, the greater their Insolvency Risk.

Company Voluntary Arrangement

A CVA is an agreement between a LTD and Creditors on a debt repayment plan.

Administration

Administration is the when the existing Company Director(s) hand over the legal ownership to an Insolvency Practitioner.

Company Liquidation

Company Liquidation is the process of selling all business assets to pay off debt.