UK debt collections

JANUARY 3, 2023

What are the options if a limited company is struggling with debts? While it can be be tempting to ignore a mounting unpaid debt problem in a Limited Company, it is the worst thing a business owner can do. If a business is a limited company, there are many avenues open to the Business owners to resolve debt-related problems.

Trade 59

Trade Creditors Collection Agencies Collections Agency 59

UK debt collections

NOVEMBER 15, 2023

Of the 2,315 registered business insolvencies in October 2023 1,889 were CVLs, which is 19% higher than in October 2022, 256 were compulsory liquidations, which is 2% higher than last year, 23 were CVAs, up 4 times higher than in October 2022.

Government 59

Government Trade Retail Creditors 59

Hudson Weir

SEPTEMBER 23, 2019

The cash flow test, in layman’s terms, asks ‘is your company able to pay its debts when they fall due?’. Another indication of insolvency is if your company isn’t meeting deadlines to pay employee taxes and NIC to HMRC – these should be paid on the 19th of each month. . 2 | The balance sheet test. 1 | The cash flow test.

Trade 40

Trade Creditors Debt Recovery Judgment 40