Manchester Insolvency
Company Blog

  • Call our FREE confidential HELPLINE
    or Text BOUNCE to 88440

Manchester Insolvency Company Blog

What are the early warning signs of insolvency?

The Coronavirus crisis and lockdowns have hit the UK’s economy hard. While the government has introduced emergency Bounce Back Loans and other measures to protect companies in 2020, these will end in 2021. Deloitte UK forecasts that there could be a backlog of insolvencies. If you fear insolvency could be on the horizon, it’s always best to take swift and decisive action. So how can…

Bouncing back better 4 options every director should know

The government’s emergency Bounce Back Loan Scheme (BBLS) has been a lifeline for smaller companies during the Covid-19 pandemic. Many businesses, however, will struggle to repay these BBLs or other debts in the coming months and years. So what are the options for small and medium businesses facing insolvency? At Insolvency Support, we can help your company make the best out of a very difficult…

Closing a limited company – what to expect whether you’re solvent or insolvent

The UK’s business landscape is constantly changing, with companies closing and new ones being launched all the time. In 2018-19, the official Companies House register showed that more than half-a-million businesses were dissolved – some for happy reasons, some less so. If you’re a company director interested in closing a limited company, there are certain procedures that you must follow. So what do you need…

What’s the difference between receivership, administration and liquidation?

If you’re dealing with insolvency, you may be bewildered by the terminology you encounter. What exactly are receivership, administration and liquidation? Which one might offer the best solution for your company? The three terms are easily confused, even by experienced company directors. So we’ve put together a brief guide to some of the most common vocabulary that you need to know. The insolvency landscape is…

Your common insolvency questions answered

If your company is in financial distress or facing insolvency, it’s natural that you will have numerous queries and concerns. It’s essential you seek answers from experts quickly to give you the best possible chance of putting your business back on the road to recovery. Here are some of the most common insolvency questions from company directors that we answer here at Insolvency Support. Q.…

All You Need to Know: Bounce Back Loans and Spiralling Debt

In these unprecedented times, no one could have foreseen how desperately businesses would struggle to survive following the impact of a global disease. The impact of Coronavirus has left all kinds of businesses across the UK in dire straits, having been in lockdown and unable to trade for months on end. After COVID-19 hit the UK, the Chancellor announced a Bounce Back Loan scheme which…

“The best thing I ever did was speak to the team at Insolvency Support, my whole life has changed for the better and I feel I’ve finally got purpose again”

Copyright © Insolvency | FREEPHONE: 0800 9717185 | LOCAL: 0203 131 6690