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It is very important for some companies to ascertain the value of their business. Instances such as if they are planning to sell it to a larger entity, preparing the company for an initial public offering onto the stock market, or using it as a tool to motivate management.

Keeping upfront costs to a minimum is one of the central concerns that any company has as they set out into the world of business.

The Department of Business, Innovation and Skills (BIS) has announced that it is helping to support the growth of UK SMEs, with £32m of finance set to be shared amongst three new lenders.

Chasing late payments from large companies is a constant headache for small businesses everywhere. In many cases, a larger company can take a rather relaxed view of paying companies who they know cannot cause a major fuss and therefore late payments become ‘the norm’.

Simon Thomas and Shelley Bullman of Moorfields Corporate Recovery LLP have been appointed Administrators over Tillington Hall Hotel Ltd on the 26 March 2013.

Law of Property Act (LPA) Receivers are appointed by private lenders or banks who have used a property as security or collateral against a loan, and who need to take action if the terms of the loanare not being upheld.

It is hardly a well-kept secret that the licensed sector in the UK has been struggling within the last decade. Pubs up and down the country have been struggling with overheads, dwindling consumer figures and increased competition from the emergence of chains.

UK businesses of all shapes and sizes were anticipating what impact George Osborne’s latest budget announcement might have on their future.

While trading conditions for retailers are certainly tough amidst the backdrop of an ailing economy, despite February’s increase in footfall on the high street, it seems that online retailers have continued to thrive.

Following last month’s plea from the Federation of Small Businesses and other industry bodies that a planned overhaul of payroll taxes in April should be softened, HMRC has announced that it is easing real time information (RTI) reporting arrangements for SMEs.

When your business is visibly struggling and you are attempting to identify the most important assets that you need to make creditors and insolvency practitioners aware of, the actual property can often be overlooked.

Several members of the coalition government have made a number of loud noises about how the emergence and expansion of SMEs could represent Britain’s best chance economic recovery. However, the effectiveness of previous initiatives such as the Funding for Lending Scheme has been questioned in this regard.

"In a company administration the term ""pre-pack"" is a restructuring strategy where the administration procedure is used to sell the business and assets of an insolvent company to a new company under an arrangement agreed prior to the appointment of an administrator. The sale is usually effected immediately upon the appointment of the administrator."

The new Debt Management Protocol, designed to cut down on poor advice from misleading debt management firms that is set to be implemented in April 2014, is likely to see an increase in the numbers applying for Individual Voluntary Agreements (IVA).

Businesses that are experiencing pressure on profitability may wish to consider an accelerated merger or acquisition. We review how the process could benefit your business.

With many private tenants in the UK struggling to meet their rental commitments, landlords may be facing an uphill battle to recover rent, and as result lose out on the yields they would normally gain from their portfolio of rental properties.

Fraud costs the UK’s private sector £45.5 billion each year, with small to medium sized businesses suffering losses of some £19 billion on an annual basis.

With recent figures showing that household debts are increasing, consumers struggling to tackle their debts may consider bankruptcy as a final option in their attempt to take control of their financial situation.

"Leading business organisations have called for ""radical” action to be taken to stimulate the UK’s ailing economy, and help Britain swerve a much feared triple-dip recession."

The latest data from Experian’s insolvency index has revealed that business insolvency rates in January fell to their lowest figure since the start of the financial crisis in 2007.

Securing the right funding for your business can mean the difference between success and failure, and there are many options beyond traditional bank lending that companies can explore.

Turning around the fortunes of a failing business requires careful strategic planning. Here are just a few of the areas companies may need to address in a bid to create a more positive outlook for their business.

Good cash flow forms an integral part of a successful business, as without it businesses can quickly struggle to maintain the running of their day-to-day operations. Find out how to improve your business cash flow.

Restructuring can be a difficult time in the life cycle of a business and securing advice from professionals in the early stages of this process can help to ensure that the needs of all parties concerned, including employees and investors, are sufficiently addressed.

Against a backdrop of economic uncertainty, many businesses in the UK may be struggling to align their income with their expenditure and hopes that the Bank of the England’s (BoE) £60 billion Funding for Lending Scheme (FLS) would boost the supply of credit to businesses in the UK have recently been dashed.

When it becomes clear that your business may be struggling within the unstable financial climate, it is particularly important to act quickly and decisively.

The introduction of Real Time Information Systems (RTI) from April 2013 is set to tighten the tax laws even further for UK companies. When RTI is implemented, companies will not be able to understate their PAYE liability in any way, regardless of how financially stable they may or may not be.

A winding up petition (petition) is usually presented by a creditor of a company, although it may be presented by the company itself or a shareholder, making application to the Court to have the company placed into Compulsory Liquidation by the granting of a Winding Up Order.

Small and medium-sized enterprises across the UK appear to have been given a significant boost as the government strives to offer them as much public sector business as possible.

A downward turn in manufacturing output in February has compounded fears that the UK is heading towards a triple-dip recession, following Moody’s decision to downgrade England’s coveted triple-A credit rating.

The latest figures from VisitBritain have revealed that foreign visitors to the UK are providing a significant boost to retail expenditure in Britain, with 18 million overseas tourists spending a combined average of £4.5 billion a year.

One option that companies in financial distress may wish to consider is a Company Voluntary Arrangement (CVA).

This is where a petition is presented to the Court to have a Company formally wound up. The most common grounds for presenting a petition are the Companies inability to pay its debts or on ‘Just and Equitable’ grounds. But what are the key elements of the process that you need to be aware of? What role will you play in the entire process?

Deputy Governor at the Bank of England, Paul Tucker, has warned the government that a fresh round of quantitative easing (QE) could be in store if inflation conditions continue to rise.

"The British Retail Consortium (BRC) has called on the government to introduce a freeze on Business Rate increases in April 2013 in an effort to re-establish growth and “re-build consumer confidence"" in the UK high street."