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Seven ways business owners can reduce costs to help prevent debts

By Mr Bankruptcy 3rd April 2023 It seems a day doesn’t go by without being reminded how financially tough it is for businesses of any size. Many owners will be feeling financial pressure for the foreseeable future, so here are some ways you can reduce your business costs to help prevent getting into debt or […]

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How to prevent creditors knocking at your door

Mr Bankruptcy 30th September 2022 If you’re concerned creditors may be about to act against your business, especially in the light of the Government’s recent ‘mini-budget’, here are some actions they can take and what you can do to about it. What actions can creditors take? When trying to retrieve debts owed to them by […]

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What should your business be doing if you’re worried about insolvency?

By Mr Bankruptcy 29th April 2020 In March, The Independent newspaper reported that almost a fifth of UK’s small businesses could be gone within a month due to the financial crisis caused by Covid-19 restrictions. This is despite the billions of pounds of support being made available by the UK Government and the changes made […]

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Why do businesses become insolvent?

By Mr Bankruptcy 29th August 2019 When a business is in financial difficulty the transition into insolvency can sometimes be swift. As a business owner, you need to be aware of the early signs to look out for that could indicate that your business is at risk of becoming insolvent. What is insolvency? A business […]

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Could a negotiated settlement help you get out of debt?

By Mr Bankruptcy 23rd May 2019 The thought of negotiating a debt settlement with creditors may seem daunting and unlikely route to get you out of debt. Where would you begin? However, it could be an option worth considering when there is expert support available to you. What is a negotiated settlement? With a lump […]

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Can it be fixed? What will it cost? Is it worth it?

by Giles Campbell, CEO of Red Pike Capital   I’m frequently asked by shareholders of failing companies to review them for their turnaround potential, seeking the answer to a few key questions: Can it be fixed? What will it cost? Is it worth it? Assessing the company The primary objective is to develop a hands-on […]

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Company Turnaround Options for Shareholders – what works, what doesn’t and why

by Giles Campbell, CEO of Red Pike Capital   When the shareholders of a business are faced with a broken, loss-making business, turning around the company is a highly desirable outcome. How to do this, however, is the question. There are three commonly used approaches for shareholders to attempt company turnarounds: Financial Restructuring Advisory led […]

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