How do you protect your financial interests during liquidation?

If your company is insolvent, before making the decision to stop trading and liquidate consider all of the rescue options available. However, if the closure is the only way forward, then appointing the right liquidator to protect the interests of the directors is important.so, how much does it cost to liquidate a company?

Simple steps to liquidate your company:
Liquidation is used to close a company for good. The process is quite simple, but it is important these are followed to protects the interests of the directors of the company.

To start the liquidation process, it is necessary for company directors to employ the services of an insolvency practitioner. How much does it cost to liquidate a company? They are likely to charge at a minimum around GBP5000 for the liquidation including the required advertising costs. If the company is insolvent then this will have to be paid for by the directors.

Where the company is insolvent the first job for the insolvency practitioner to do will be to call a creditors meeting to appoint a liquidator. Usually, the creditors will appoint the liquidator suggested by the directors. If the company’s bank is a major creditor they may suggest the appointment must come from their approved panel.

What about just leaving the company for my creditors to wind up?
Given the cost of liquidation, a common question is whether it would not be better just to leave the company and wait for one of the creditors to take action to wind it up.

The major issue with this is that the directors will have no control over the appointment of the liquidator. Once appointed, over and above the sale of the company’s assets the liquidator is required to carry out an investigation of the conduct of the company directors and report this to the insolvency service.

If a hostile creditor is left to appoint the liquidator, it is likely that they believe that the directors have been involved in trading the company when it was insolvent. They will want the liquidator to confirm this and accuse the directors of wrongful trading.

If a director is found to have knowledgeably allowed a company to trade while insolvent, they could be made liable for the company’s debts and stopped from acting in the capacity of a director of other firms in the future. If the directors have recommended the liquidators appointment, this is far less likely to happen.

Alternatives to liquidation
Before making the decision to close an insolvent company, the directors should consider whether there may be a better alternative which will allow the business to continue to trade profitably.

The two solutions most commonly considered are a company voluntary arrangement (CVA) and pre-pack administration. Both of these solutions will considerably reduce or write off the company’s debts altogether.

Such action together with the possibility of refocusing the company’s strategy often allows the business to remain open saving jobs and protecting value for the shareholders.

If your company is insolvent, before making the decision to stop trading, it is first important to consider all of the rescue options available. However, if the closure is the only way forward by knowing how much does it cost to liquidate a company?, then appointing the right liquidator to protect the interests of the directors is extremely important to reduce their potential liability for the company’s debts.

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A Guide on How the Free Boiler Grant Scheme Works

As many already know, the free boiler grant scheme comes with tons of benefits such as reduced energy bills, free boiler, free installation, and many other benefits. However, many people still do not know how the free boiler grant scheme works. So, for the sake of such people, we’ve put together a guide on how the free boiler scheme works.

Application

The first thing you will have to do is deal with is the application for the free boiler grant. You will have to complete a brief application to know whether you are qualified for the scheme or not. There are two ways to go about this, you can either apply online by visiting the website of the body in charge of the free boiler grant, or call them on their telephone line.

Whichever way you choose to apply, you will have to answer a few questions regarding your the current boiler you use, your home, and other similar questions. Once you’ve finished answering these questions, you will get to know if you are eligible for the scheme or not.

Home energy assessment

After completing the application, your contact details will be forwarded to an approved installer within your area. And after a day or two, you will be contacted by the installer regarding when it will be convenient to carry out an energy assessment in your home.

Completion of assessment

The installer will visit your home and carry out the energy assessment as mentioned. And after the assessment, the installer will let you know if you are entitled to the free boiler grant.

Set a date for installation

If qualified, all that is left is to arrange a date with the installer. Although the replacement is usually free, in some cases, you may be asked to pay a little sum of money if additional services are required. After the free boiler scheme is completed, all that is left is to start enjoying the many benefits that come with it.

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Tips to win more clients for your Consultancy Firm

Have you ever wondered how your competitor firm is leading the market? Increasing profits and winning more clients is the dream of every start-up. If your consultancy firm has been struggling to win more clients since too long, then this blog is for you. Here we are going to discuss several tips which will definitely help you out to win clients for your consultancy firm.

Get involved with online marketing of your firm

Ask your marketing team to maintain focus on the online platforms too. Online marketing includes social media marketing, SEO of your website, ranking in Google and other search engines, and Google AdWords as well. Both ground marketing and online marketing should be balanced. Nowadays, most of the potential clients search online to find the best consultancies to fulfil their needs.

Hire an experienced business development executive

Hiring an experienced business development expert should be the first thing that you need to do for winning new clients and start making profits. Ask your AdviserPlus HR consultants to hire a perfect and experienced individual for your firm.

Print media

Besides online marketing, print media is your next help. Get your ads printed in the local newspapers and magazines so that it reaches all of the potential clients.

Offer your basic services for free

Spread the word that you are offering your basic consulting services for free for the first 10 customers. This will send a positive vibe among all your possible clients and customers. If you are yourself an AdviserPlus HR consultants firm, then all you need is to offer people about your services for free for the first two customers. This will definitely help you out a lot and that too within a short span.

Attend local conferences/meetings

Local conferences are the best places to win the best clients. Never miss any free business conferences happening in your area. They are a great place to do networking and thus, in turn, help you convince potential clients for giving your services a trial.

All the above-listed tips will do miracles for you. So, what are you waiting for? Start implementing them right from today and you will find the benefits of selecting your ideal HR consultants.

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