Nationwide Insolvency Practitioners
  • Home Page
  • About Us
  • Contact Us

Call FREE Business Rescue Advice: 0300 303 8284

Request a consultation
  • Liquidation
    • Company Liquidation
    • Creditors’ Voluntary Liquidation
    • Members’ Voluntary Liquidation
  • Administration
    • Company Administration
    • Advantages and Disadvantages of Administration
    • Pre-Pack Administration Process
  • CVA
    • Company Voluntary Arrangement
  • HMRC Debts
    • HMRC Arrears
    • HMRC Time to Pay Arrangements
  • Winding Up Petitions
    • How Do Winding Up Petitions Work?
    • How to Stop a Winding Up Petition
  • Director Duties
    • Director Duties
  • Get a Quote
    • Liquidation Quote
    • Administration Quote
    • CVA Quote

Expert Advice 0300 303 8284

  • Free Advice
  • Get a Quote

Do you need Advice, or want to close your business?

Your data is secure

Number of Creditors?


20


Amounts Owed?
Estimate how much you owe these 20 creditors.


£500K



£500K



£500K



£500K



  1. Home
  2. News
  3. How to reduce the risk of Liquidation?

How to reduce the risk of Liquidation?

Latest News

One of the questions The Insolvency Experts are asked the most is ‘How can I reduce the risk of Liquidation? With over 3,500 UK businesses entering Liquidation in the third quarter of 2016, an increase of 2.2% on the previous quarter, it is easy to see why many business owners and financial directors are concerned.

How to avoid company Liquidation

There are several challenges that business owners face when trying to be successful and avoid financial difficulty. Cash flow is important for businesses of all sizes and even when it appears as though things are going well, cash flow problems can lead to company liquidation. Business cash flow issues can be avoided by invoicing promptly and negotiating regular, stable payments from long-term clients. Knowing when money will arrive can help you to keep on top of your finances and ensure all bills are paid. Recover debts owed to you and don’t let unpaid bills linger. Building a strong relationship with creditors can reduce the risk of proceedings against you, should your business face financial problems. Keeping them informed at all times and building a good record of prompt payment can also help. Reducing overheads and cutting unnecessary expenditure are simple tasks that can help keep your business afloat during difficult periods. You should always seek professional and expert financial advice if you think your business may be facing financial issues. The Insolvency Experts provide business debt advice to organisations of all sizes, helping them to take the best course of action. Our professionals can help your business to deal with cash flow issues or the threat of Administration or Liquidation.

Contact The Insolvency Experts!

If you represent a business that is concerned about Liquidation or you’d like more information on Insolvency, please get in touch with The Insolvency Experts today. Contact us online and we’ll be happy to discuss any issues your business is facing or call our expert team directly on 0300 303 8284.

Categories

  • Bankruptcy
  • Business Rescue
  • Debt Advice
  • Frequently Asked Questions
  • Insolvency
  • Latest News
  • Liquidation

Accreditations

Chat with us

Our Costs

At the Insolvency Experts we think that our service offers excellent value for money. Depending on your circumstances, our services can even end up being effectively free of charge.


Get a quote
Get free advice

© The Insolvency Experts 2016

The Insolvency Experts is the trading name of Cowgill Holloway LLP registered at Regency House, 45-53 Chorley New Road, Bolton BL1 4QR and registered in England and Wales with registered number OC316195 with offices in Bolton and Manchester.

Site

  • About Us
  • Contact Us
  • News

Legal

  • Privacy Policy
  • Site Map
  • Terms and Conditions

Call us now

0300 303 8284