Article by Bev Budsworth MD of The Business Debt Advisor Personal Guarantees or “PG’s” It is almost impossible to avoid personal exposure to debt when setting up your limited company/business. Banks, other funders, suppliers, leasing companies frequently will require directors or shareholders to provide personal guarantees, “PG”’s as additional...
‘Light-touch Administration’
Article by Laura Walshe of The Business Debt Advisor Debenhams recently collapsed into administration for the second time in a year. Its administration in April 2019 resulted in the closure of 22 stores, and now the remaining 142 stores are indefinitely closed amid the coronavirus pandemic. Advisory firm FRP has...
CORONAVIRUS CRUNCH 2020 – HOW CLOSE?
I have just been reminded of a blog I wrote in 2009 entitled “Dig deep the worst is yet to come” because of the trickle down affect of the crunch of 2008/09. I was right. Personal insolvencies peaked in 2010 at 135,089 compared to 106,349 in 2008 and 133,664 in...