Posts Tagged ‘business turnaround’
What is a ‘zombie’ company?
A ‘zombie’ company is simply a company that is neither dead nor alive. It is so overwhelmed by debt that it merely exists and any cash generated is being used to ward off the debt owed to creditors. In many instances, the debt is not being reduced. With this, the majority of ‘zombie’ companies are unable…
Read MoreBusinesses Must Have A Brexit Strategy
Businesses must have a Brexit strategy Mid last year the UK took the momentous decision to leave the European Union. Those on the Leave side rejoiced whilst the Remain camp dismayed at the vote, predicting an Armageddon-style doom for the UK economy and a mass flight of businesses from Britain, driven away by what many…
Read MoreWhat is a Zombie Company?
A zombie company is simply a company that is neither dead or alive. In other words, it is so overwhelmed by debt that any cash generated is being used to pay off the interest on the debt owed to creditors. In many cases the debt is not being reduced. With this, the majority of ‘Zombie’…
Read MoreIntroducing Our Business & Financial Turnaround Service
Introducing our Business & Financial Turnaround Service What does this mean? Business Turnaround, put simply involves a review of a Business to ensure the best financial solutions and efficiencies are used, when faced with an inefficient finance structure and /or potential insolvency. At Bell & Company, our specialised consultancy service investigates the overall positions of…
Read MoreAggressive Creditors & Liabilities: Rethink & Refinance
Aggressive Creditors & Liabilities: Rethink & Refinance Under the provisions of the Insolvency Act 1986, a company and its Directors need to be careful when continuing to trade knowing the company is insolvent. In basic terms, once realising a company is insolvent, Directors are deemed to be personally liable for increasing debts from the point that…
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