Commercial Law

business services corporate and commercial

How to tackle company recovery

For a businessperson, the idea of your business or one you are involved with being dissolved is a scary one. However, getting it back to life can be a challenge worth undertaking.

Although the decision to close or dissolve a company is normally taken with the informed, strategic involvement of the company’s directors, Companies House can strike off a company which does not have a director. Regardless of the circumstance, businesses can live again through “recovery”.

Business Services: Propping up a business with your personal finances?

Legend suggests, any business that makes it past their third anniversary has a strong chance of long term survival. It’s a commonly accepted fact that most, if not all, businesses go through financial sticky patches during their life span. In practice it is important to identify these issues and deal with them head on by implementing change for the long term and the greater good.