Avoid insolvency: Risk factors and preventative measures

As part of the Weel CFO Summit for 2023, Domenic Calabretta, Mitchell Ball and Kate McMahon discuss the key risk factors that contribute to insolvency and provide practical prevention strategies. Sharing their experiences and knowledge to help your business reduce its likelihood of entering into administration.

Your comprehensive guide to Voluntary Administration – 2023 

All businesses experience turbulent times. It’s a fact of life. Entering into voluntary administration stabilises the situation, allowing you to hit pause, reset, and get back on track when your business is undergoing financial distress.  An Administrator may be appointed by company directors, a company’s creditors, or the court. An administrator must be a registered… Continue reading Your comprehensive guide to Voluntary Administration – 2023 

Mackay Goodwin appointed as voluntary administrators for Forum Group

Forum Group Statement – 13th July 2021 Leading restructuring and insolvency firm Mackay Goodwin confirms it has been appointed as Voluntary Administrator over the Forum Group of companies on 8 July, 2021. Since 9 July, the Administrator has been undertaking investigations across the Group. These investigations are ongoing. The Administrator has been reviewing Forum Group’s position,… Continue reading Mackay Goodwin appointed as voluntary administrators for Forum Group

Debt Management Tips for Company Directors

Debt is a normal part of doing business. Every company will have some debts that must be managed on a regular basis, and good debt management is about always being aware of the debts you have and dealing with them in a timely and structured manner.

What is Voluntary Administration?

Voluntary administration is the process whereby a business in financial distress is assessed by an independent administrator to determine the best financial resolution for that company. The administrator could be appointed by the company directors, the creditors of a company, or by the court.

What is Business Liquidation?

When a business gets into trouble, it has a number of insolvency options. Whether you’re an advisor to a business in financial strife or you’re in charge of such a …