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Monthly Archives: May 2014

16 May

Posted in
General news

A closer look at Pre-Pack Administration

When a well-known business faces financial instability, it may be that a part of the business is still in some way profitable and therefore worth saving. Pre-pack Administration is a good way of saving a business that has high value in goodwill or is mostly dependent on the knowledge of its workforce.

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06 May

Posted in
General news

Companies in Financial Difficulty

The choices available for a company in financial difficulty are largely dependent on whether the directors of the business wish to continue.
If the directors do wish to continue with the business, then they can either negotiate an informal arrangement which allows them more time to pay; set up a company voluntary arrangement (“CVA”) or opt for administration.

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