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End of your Business

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We might not plan for a business to end but sometimes things out of our control happen. This section covers everything from turning round your business, selling your business or cessation.

Business Turnaround

So if you can see a problem it’s best to act quickly and not sink into denial. Make sure you have got the right management in place and improve communication as managerial inadequacies are usually found to be the main reason for companies getting into difficulties.

Trading Out

From time to time every company will suffer from cash flow problems but this does not always result in complete failure. If the company has suffered a downturn in circumstances it does not mean that the company is essentially weakened and if this is the case then Trading Out is probably the best option for that company.

Business Refinancing

All businesses need to review their finance from time to time. If a company is experiencing difficulties, then the directors have to consider whether raising further finance against assets is the solution to their problems. Almost all businesses need to go through periodic refinancing exercises.

CVA

If a company is experiencing difficulties but is believed to have a viable future then a CVA is usually a good option. A CVA is a deal between a company and it's creditors, in which debts are agreed to be repaid from future profits or the selling of assets.

Sell your Business (Part 1)

Apart from the emotional feling of selling a company you have spent years building up but it can also be one of the most important and difficult financial deals in your life.

Sell your Business (Part 2)

When it comes to valuing your business, it is advisable to seek specialist help from your accountant, solicitor or from a corporate adviser. They can advise you on an appropriate valuation method, help you get a realistic valuation, help you identify and market your business to potential buyers.

Cessation

Insolvency applies to companies who cannot pay their debts when they become due. If a business gets into this sort of situation and the businesses assets are worth less than the debts, then this is where insolvency comes into action. Insolvency will quite quickly lead to Bankruptcy and Liquidation.