by John Kukulovski | May 19, 2022 | Business, COVID-19, Finance, Insolvency
What do you do if your builder goes bust? A recent string of financial troubles in large construction companies have shown that the building industry is anything but bulletproof. ProBuild and Condev have both become insolvent, and recent crisis talks between officials...
by Liam Bellamy | Apr 21, 2022 | Business, Finance, Insolvency
The solvency or insolvency of a business is defined by whether its debts can be paid as and when they fall due. Whilst this distinction is clear, many directors tend to miss common early indicators of insolvency, this can lead to businesses trading whilst insolvent...
by John Kukulovski | Mar 16, 2022 | Finance, Insolvency, Recovery
A personal guarantee is a written contract which sets out the acceptance of responsibility, by the guarantor, to satisfy their obligations to a third party in the case of a default. Often personal guarantees are accepted by company directors to acquire funding for...
by Liam Bellamy | Mar 16, 2022 | Business, COVID-19, Finance, Recovery
Debt. Nobody likes it, least of all businesses that have put their resources into providing goods and services and see nothing in return. As insolvency experts, we understand completely how important it is for businesses to be able to recover their money in an...
by John Kukulovski | Feb 27, 2022 | Business, Finance, Insolvency, Main news
Construction giant ProBuild has recently appointed Deloitte as administrator after it’s parent company WBHO South Africa announced it would cease support for its ailing subsidiary. This has left many tradesmen and subcontractors owed large sums of money and in the...
by Liam Bellamy | Feb 27, 2022 | Business, Finance, Government Support, Insolvency, Recovery, Tax & Accounting
It’s no secret that as liquidators we’ve seen our fair share of businesses in trouble. Yet in many cases these companies and their directors trend towards making the same critical mistakes that lead to their insolvency. While they range from critical statutory errors...
