A pre-pack sale is when the assets of an insolvent business have been substantially agreed for sale to a company which is either operated by the same directors, shareholders or a third party prior to the company entering either administration or liquidation.
One of the issues regarding a pre-pack sale is that this can complete prior to the creditors meeting and without notice to creditors. This can be an area of concern which creditors can complain about as they may believe …
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With an rise in zombie companies, businesses are becoming increasingly under pressure that they may lose key customers and cannot afford for zombie companies to fail.
This is helped further by HMRC allowing companies to enter into time to pay schemes and banks freezing or reducing capital repayments
But in the wake of these zombie companies having just enough cash to survive they don’t have sufficient resources to invest in long-term growth. Thus why it will be extremely difficult if not impossible …
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What does liquidation mean and what does a liquidator actually do?
The process of liquidation is when a company is either at or near to the end of its life and the remaining assets need to be liquidated for distribution to creditors and shareholders. The role of the liquidator is to maximise the realisation of assets of the company.
There are a number of ways which assets can be realised this can be by a sale of the assets or through an investigation …
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There is a great article in the Manchester Evening News and Greater Manchester Business Week about our directors Rob Miller and Steven Wiseglass.
You can read the article by clicking here.
Our first newsletter has been published, printed and posted to our contact database.
This is also available to be downloaded from the resources section of our website.
If you have not received a hardcopy in the post and would like one free of charge then please contact us.
Since we have just launched inquesta.co.uk we are aiming to boost our online presence by reaching an initial target of 200 facebook likes. Once we reach this target we will pick out 3 people at random (who have liked us in facebook) will each receive a voucher of £50 for the shop of their choice.
Click here or on the facebook logo on the right to navigate straight to our facebook page.
Best of luck
Rob & Steven