Category: For Businesses
Get your business finances in order this Summer
With Summer season in full swing now is a good time to take check of your accounts and ensure your business is generating fluid cash flow. If Summer is your quiet season, check out this article for some top tips on how to prevent cashflow problems over the coming months. Still waiting on overdue payments? Take a... Read more »
Managing a Flexible Working Request
I wrote this post quite a while back and was ‘inspired’, if you like, by a conversation with an employer client of mine who was completely oblivious to the introduction of the right to request flexible working for employees with 6 months or more employment. This right was introduced on 30 June 2014, over 4 years ago, but... Read more »
How enforceable are restrictive covenants?
Restrictive covenants form part of an employment contract and aim to restrict an employee from certain activities once they leave their employment. These restrictions are put in place when employees hold company confidential information and/or have close relationships with clients, candidates, and other employees. Restrictive covenants provide an aspect of protection of the company’s legitimate... Read more »
Court of Appeal confirms test to be applied when looking to set aside transactions defrauding creditors
When an individual or a company enters into a transaction at an undervalue the Insolvency Act 1986 has provisions (sections 238 and 339) which allow an officeholder, whether they be a trustee in bankruptcy of individual or a liquidator to the company, to overturn those transactions. In relation to the company the transaction must be... Read more »
6 tips to overcome cash flow lows over the summer season
When your accounts department is dreaming about the holiday that they’ve got booked in a couple weeks time, it’s easy for those all important credit procedures to get a bit slack. If summer is your quiet season, here are some tips to prevent cash flow problems over the coming months: Have an effective credit control... Read more »
Why a Solicitor on retainer could be right for your business
Many experienced business people think that they only need to see a solicitor for large transactions, such as selling their business. And even more think legal advice is only needed when something has gone wrong. This couldn’t be further from the truth. In business today, the law touches upon pretty much every area of your... Read more »
Is there no limit?
A recent decision in the Supreme Court will be welcomed by Insolvency Practitioners but not so by directors whose company has gone in to liquidation where there are claims against them for the retention of monies that are due to the company, including claims for repayment of director’s loan accounts, unlawful dividends and other payments.... Read more »
A landlord’s guide to dealing with an insolvent tenant – Part 2: Where a tenant is an individual
Where a tenant is an individual and it fails to pay the rent due under a lease a landlord may: Exercise commercial rent arrears recovery (CRAR) for the rent against certain goods of the tenant at the premises. Sue for the rent by court action. Forfeit the lease, either by court action or by peaceable... Read more »
A quick guide to Dividend Payments for Director/Shareholders
When a company enters into liquidation one area that will always be investigated by the liquidator is whether there have been any payments of dividends that should not have been declared by the company. Dividends are often advised as being a tax efficient way for a director/shareholder to extract value from their business however it... Read more »
A landlord’s guide to dealing with an insolvent tenant – Part one: Where a tenant is a company
Where a tenant is a company and it fails to pay the rent due under a lease a landlord may: Exercise commercial rent arrears recovery (CRAR) for the rent against certain goods of the tenant at the premises. Sue for the rent by court action. Forfeit the lease, either by court action or by peaceable... Read more »