KSA Group

Cash flow, put simply, is the movement of money, in to and out of a company’s bank accounts. When cash flow is ‘good’, it means there is enough money coming in to cover the money going out. It is when there is not enough money coming in to cover the cash required to pay for outgoings, 'poor cash flow' that you should start worrying − even profitable companies can experience cash flow problems (see the video below).

If a company goes into liquidation then its assets, for instance, property and stock, are "liquidated" or turned into cash for the creditors of the company. There are three types of liquidation
Creditors Voluntary Liquidation
Compulsory Liquidation
Members Voluntary Liquidation (cash is returned to the members as the company is solvent )

Coronavirus (COVID-19) has meant that the Government banks and other organisations are having to act quickly to offer help and support to companies and businesses affected. The government shut down of whole sectors of the economy is having a profound impact.

Will I be able to pay back my government backed loans?
Will the bank call in my loans?
Poor cashflow?
What a personal guarantee means for you
What will HMRC do?
How will Corona Virus affect us? ( see our page here )
Employment compliance and pensions
Marketing and product/ service delivery
Producing meaningful management accounts on time
Keeping up to date with tax reporting and legislation change and filing annual accounts or tax returns
Dealing with banks investors, online lenders, raising working capital
Leasing or renting property
How to pay HMRC
How to win new work
How to pay wages on pay day
Wrongful trading or being made personally liable for company debts
Suffering from stress or losing your property because of a badly performing business

Since the Covid-19 Pandemic struck many business are struggling. We have created a help page here that sets out the various help packages in place. Once trading starts to return to normal in the wider economy you may still find that your business does not benefit and the issue of cashflow and debts mount up. Read on if you think this may be an issue for you.
You can get lots of help right here! We are here to help you take back control of your business and ensure that you put worry behind you.

When closing down your limited company, there are various options you can take, depending on your company's financial state. Firstly, you need to ensure you have some funds as trading debts will need paying. These include:
Final corporation tax and VAT payments
Final accounting fees
Bank loans and overdrafts
Any money owed to shareholders or directors
Any remaining accounts owed to trade suppliers
Any outstanding payments of PAYE and National Insurance on the payroll
Any ongoing commitments, including hire purchase or lease agreements

KSA Group, who own this site, will help you to fix problems in your business. We won't charge for any initial advice or face to face meetings. We speak in English. We will save you money and your precious time. However, we do advise that you have a look through our guides and options so you can have an idea about what is possible for you, given your current situation.
When you call our freephone number 0800 9700539 you will quickly speak to someone who wants to help you, not criticise you. We help people like you every day - imagine how you will feel when we start to lift the load off your shoulders?

Finding it difficult to raise finance as your company is in a CVA? Don’t know where to start looking? Use a regulated, expert finance broker to find it for you, for free! Your company may be busy and growing, but finding funding to ensure you safely continue to grow is tough, especially when your business is in a company voluntary arrangement. As you know your company has no credit rating because it is trading in a CVA. Very few banks or lenders will support your growth plans. It can be the most frustrating part of voluntary arrangements - no credit rating equals limited funding facilities. This can prevent you from growing your business. Company Funding Options (CFO) is a FCA regulated commercial finance broker with deep roots in turnaround and insolvency, because our sister company KSA Group has written and overseen more CVAs than any other UK firm in the last 20 years. Over that time, we too became frustrated with the lack of funding for our great clients. So, our directors formed CFO to help find the best products for all CVA companies. Then we got full authorisation from the Financial Conduct Authority to ensure CFO is compliant with strict laws on broking and lending. CFO aren’t lenders but know where to find the best funding for your business. If you need funding, you will certainly benefit from a call with our team and it will usually cost you nothing to raise your new finance, as we are paid by the lenders! With recovery from Covid leading to increased trade, you need to ensure you have enough working capital to meet the CVA payments AND to grow. A tough balance to achieve, but a problem we’re well used to helping with. Speak to experts now, free of charge, we can quickly assess what type of funding you can obtain. You’ve nothing to lose but the price of a call. But if you become a client of CFO your business will have finance experts on your side to raise new funding.

Why might you have been served a winding-up petition and what happens now?

A winding up petition is a legal notice put forward to the court by a creditor. The creditor petitions to the court if they are owed more than £10,000 and it has not been paid for more than 21 days. The application, in effect, asks the court to liquidate the company as they believe the company is insolvent. Proceeds of the liquidation can be used to pay back creditors. HMRC issue about 60% of all the winding up petitions.

Once you have put your company into liquidation it is a chance to start again.

Remember that a failure of a limited company does not mean that you are a failure.

As long as you have not done anything fraudulent or have wilfully neglected or made the creditors situation worse you do not have much to worry about.

In a liquidation your staff (and this could include you) will be paid redundancy by the government.

Our team of professionals at KSA Group are all passionate about saving viable businesses and giving the best possible advice to directors, creditors and stakeholders in any insolvency situation. Many of our team have had direct personal experience of business distress and have felt that there are better ways to advise all those involved. Our team is headed up by Keith Steven, the managing director, Iain Campbell, the operations director, and our 2 licensed insolvency practitioners; Wayne Harrison and Eric Walls. Our corporate advisors have many years of experience of talking to and negotiating with creditors, including banks and HMRC. The regional managers have all held senior positions in companies and know how to help businesses in distress.

If your company has a turnover of more than £90,000 in any financial year then you must register for VAT. You will need to submit quarterly returns. Remember it is your responsibility to do this as a director not your accountant. Yes, they can do it for you but ultimately compliance is your responsibility. If you haven’t filed a return then HMRC can make a reasonable assessment and chase you for it.