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Guides
Directors' Duties: what should a board of directors do?
There are many pitfalls and personal risks for Directors to be aware of when trading through stressed or distressed circumstances, in this guide we give an overview…
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Guides
Organisational and operational restructuring - a clear guide
Organisational restructuring is the identification of the causes of organisational underperformance and the development of an improvement strategy. Operational rest…
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Guides
How are assets distributed in a company insolvency?
If you are a creditor of an insolvent company it is important to understand how asset realisations will be distributed. This quick guide helps to explain the order …
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Guides
Dealing with a distressed or insolvent company: what are the risks?
As corporate failures increase so will the risks of dealing with companies in the months before their failure. Whilst there are some unavoidable risks there are als…
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Guides
Can a director reuse the name of an insolvent company?
The increasing use of pre-packaged administrations can lead to unexpected personal liability for directors if they do not comply with strict legal requirements.
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Guides
Breaching lender covenants
Robust monitoring will give good warning of potential breaches. This may give time to avoid them. If not, early and effective lender management can minimise their i…
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Guides
What are the options for an insolvent business?
Just because a business is insolvent, it doesn’t mean it is the end of the road. We look at the many options available to a board of directors or the shareholders …
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Guides
When can a director be personally liable for a company’s debts
We look at the circumstances where limited liability does not protect a company’s directors, especially where they have fallen short of the legal standards expected…
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Guides
Improving working capital and raising finance
Cash is the life blood of a business. How can a board of directors manage short term financial pressures and raise new funding?
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Guides
Reaching agreements with creditors: statutory compromises
As well as informal arrangements there are legal frameworks whereby all creditors are required to compromise liabilities if a majority agrees to do so. These can be…