The BCR Insolvency Blog

Is It Possible To Liquidise A Company Yourself Without A Professional?

Posted by Chris Knott on 09-Jul-2019 17:05:50

If you are in a position where cash flow can no longer support your business, it may be time to consider liquidation. In today’s turbulent world, there is little stigma attached to a company reaching this stage. External forces are complex and unpredictable, and no organisation is immune to the risk.

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Topics: Liquidation

How Does Liquidation Work For 50/50 Shareholders?

Posted by Chris Knott on 28-Jun-2019 10:49:52

When there is a dispute at the heart of a company, it can be confusing, traumatic, and difficult to resolve. One party wants to abandon ship, the other is desperate to continue.

If one director in a 50/50 shareholding wants to liquidate and the other does not, stalemate, tensions, and dark clouds quickly follow.

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Topics: Liquidation

Everything You Need To Know About Liquidation Preferences

Posted by Chris Knott on 20-Jun-2019 12:56:32

Your company is entering liquidation. All eyes are focused upon the situation, and everybody has questions.

One of the most important ones is who is going to get paid? What is the pecking order when it comes to dissolving assets?
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Topics: Liquidation

I Can’t Meet My Business Debt Liabilities: What Can I Do?

Posted by Chris Knott on 14-Nov-2018 10:49:54


Even the best managed companies sometimes hit a rocky patch where mounting debts can no longer be paid through cashflow or normal financing. This is commonplace and no cause for embarrassment. Many would say that it is simply a part of doing business.

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Topics: Liquidation

What Happens When A Company Goes Into Liquidation?

Posted by Chris Knott on 30-Apr-2018 16:54:37

Liquidation means terminating a company and selling off any assets it owns to pay some or all of the debts it owes. It is also known as winding up. A liquidation is carried out by an appointed licensed insolvency practitioner, acting in capacity of liquidator. A liquidation can be requested voluntarily by the directors or made compulsory by a court order, at the request of one or more creditors. Usually, it happens as a result of accrued debts that a company is unable to pay but it can also happen if the owner/directors simply want a solvent company to be dissolved and struck off the register of companies.

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Topics: Liquidation

How The Carillion Crisis Affects Your Business

Posted by Philip Wood on 19-Jan-2018 14:17:54

The collapse of construction service giant Carillion Plc, the second largest construction business in the UK, has sent shockwaves throughout the sector. From a reported revenue of £5.2 billion in 2016, the once mighty business collapsed into compulsory liquidation on 15th of January 2018.

This is terrible news for Carillion’s 20,000 direct employees in the UK, as well as its hundreds of clients across the construction, civil engineering and facilities management sectors. The insolvency is also likely to have a big impact on Carillion’s UK sub-contractors, estimated to include 30,000 SMEs.

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Topics: Liquidation, News

2 Businesses That Have Failed, And What You Can Learn From Them

Posted by Philip Wood on 25-Oct-2017 17:17:43

There are several reasons that businesses fail; changes in the market, leadership issues and strategic failures are just a few of the many things that can cause a company to close its doors. A recent study revealed just how common business failure is, reporting that not even half of business start-ups will survive past five years.1

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Topics: Liquidation

Business Rescue vs Liquidation – Which Option Is Best For Your Business

Posted by Chris Knott on 17-Nov-2016 11:20:00

Two options available to a business that requires financial assistance are business rescue (i.e. Administration) and winding up (i.e. Liquidation). Business rescue usually involves a company receiving assistance in the form of additional finance or time to repay its debts to enable it to continue to trade. In a Liquidation the company would stop trading and company assets would be sold off before the company is finally dissolved.

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Topics: Liquidation, Business Rescue

The Multi-Step Business Liquidation Checklist

Posted by Chris Knott on 11-Nov-2016 10:30:00

Ideally, company insolvency would always be easy and never involve debts or disagreements between shareholders and directors. The reality is that the process can be complex, which is why the advice of a Licenced Insolvency Practitioner should always be sought. Below are multiple points to consider when going through voluntary liquidation.

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Topics: Liquidation

What Is Business Liquidation? The Liquidation Of A Company Explained

Posted by Chris Knott on 02-Nov-2016 14:00:00

When a company is not able to pay its debts when they fall due, or its liabilities outweigh its assets, it can be placed into business liquidation, which involves selling the company’s assets for the benefit of repaying creditors. The process can be started on a voluntary basis by a company (directors and shareholders) or through a court order by another party. If you are considering business liquidation or have had a winding-up petition served against you, this article will provide details about what occurs during the process.

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Topics: Liquidation

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