Business Insights | Advice for Directors | Forbes Burton

How to Liquidate a Company With No Money

Ben Westoby — Mon, 27 Jul 2026 08:43:31 +0000

When companies find themselves insolvent, a liquidation is often one of the only options available to them. With liquidations not being cheap, though, how are directors expected to liquidate a company with no money available? How do I liquidate company with no money? There are options available to you that will effectively close your […]

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Break-Even Analysis Tips

Ben Westoby — Wed, 15 Jul 2026 04:55:44 +0000

In short: A break-even analysis will tell you when and how you can expect to recoup the money you invested. Break-even point = fixed cost ÷ (sales price per unit – variable cost per unit). You can lower your break-even point in two ways: either raising prices and lowering costs. A break-even analysis compares […]

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What is Liquidation of a Company? An Ultimate Guide

Ben Westoby — Wed, 08 Jul 2026 07:24:55 +0000

In short: Liquidation refers to the selling off of a company’s assets in order to make them ‘liquid’. The funds raised by liquidating assets are used to pay any bills, debts and other costs that the company may owe. Liquidation can either be initiated by disgruntled creditors hoping to recoup their money, or directors looking […]

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Solvent Liquidation: A Guide to MVLs

Ben Westoby — Thu, 25 Jun 2026 15:53:01 +0000

In short: Solvent liquidations are possible through a process named members’ voluntary liquidations (MVLs). An MVL pools a company’s funds and assets together to distribute among shareholders and creditors before closure. MVLs can provide significant tax advantages compared to other company closure options. If you were to imagine a company liquidation, you’d be forgiven […]

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Can I Close a Limited Company with Debts and Start Again?

Ben Westoby — Thu, 28 May 2026 09:38:30 +0000

In short: Yes, the same director/owner can close a company with debts and start another business, providing that certain steps have been undertaken. The company in debt must be closed via a creditors’ voluntary liquidation, dissolution, or compulsory liquidation. There are restrictions in place for the new company, including rules around the naming of any […]

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Business Exit Strategies

Rick Smith — Thu, 30 Apr 2026 05:59:53 +0000

No matter how well your company is doing, it’s always worth having some business exit strategies in place. Whether it be a long-term strategy that ensures you can eventually extract the most value possible from your company, or a contingency plan in case things don’t go to script, a business exit strategy should be something […]

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How to Manage Small Business Finances

Ben Westoby — Thu, 23 Apr 2026 08:33:56 +0000

In short: Be strict with invoices to avoid cash flow problems. Some industries, such as construction, are vulnerable to late payments when starting new projects is so costly. Consider opening an extra business account to siphon off 20% for each job into. VAT bills are then automatically accounted for. Have reserves in place for global […]

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How to Close a Franchise Business

Ben Westoby — Thu, 16 Apr 2026 09:11:28 +0000

In short: There are several differences between the closure of an independent and franchise business. Most arise from the inclusion of a franchise agreement, which can differ greatly between franchises. Franchise model exit costs include early termination fees, projected lost royalties, admin fees and delivery costs of returning the franchisor’s assets. Business closure specialists can […]

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Best Cash Flow Management Tools for SMEs 2026

Ben Westoby — Mon, 30 Mar 2026 08:38:05 +0000

As a business consultancy that offers company closure services, we’ve come across every conceivable issue that can force SMEs into insolvency. Chief among the reasons that many fall by the wayside is an inability to keep cash flows healthy. As such, we’ve compiled a list of some of the best cash flow management tools to […]

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Dissolve a Company Online: Your Options in the UK

Ben Westoby — Mon, 16 Mar 2026 16:06:30 +0000

Business owners looking to dissolve a company online will be pleased to hear that the process is relatively simple. It’s a pretty straightforward case of completing a form on the gov.uk site and paying a nominal administration fee. The problem is that this process isn’t suitable for all businesses. Should your business have debt and […]

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