Interim Dividend Declared

The approach taken by PBC on this case has avoided the company being wound up by the court, the increased level of costs associated with this process. business insolvency northampton and bedford

PBC are delighted to announce the payment of a significant interim dividend amounting to £500,000 to HM Revenue & Customs from an insolvency estate.  Following our advice, the Northampton based company was placed into creditors’ voluntary liquidation in August 2022 and a commercial approach adopted with regards to asset disposals.  Combined with further assets to realise additional payments will be made to creditors in the future.

 

Jamie Cochrane, who is dealing with the liquidation, said, “It is always pleasing to be able to return monies to creditors, albeit solely HMRC at this stage.  The approach taken by PBC on this case has avoided the company being wound up by the court, the increased level of costs associated with this process and allowed us to address asset realisations in an orderly manner, resulting in enhanced values.  All of which will lead to a higher return to creditors”.

 

If you require any advice or assistance on any insolvency-related issue, then please contact PBC Business Recovery & Insolvency to discuss and advise on your situation on 01604 212150 or email to enquiries@pbcbusinessrecovery.co.uk.  Alternatively, visit www.pbcbusinessrecovery.co.uk for further information.

 

New Year – time to plan but…………

It has been recently reported many differing businesses are finding it extremely difficult to plan due to the uncertainty whether government support to businesses for their energy costs will be extended beyond March 2023.

 

Most business owners would ideally like to have at least a 3-6 month cash-flow buffer to work towards and the government’s failure to provide clarity on energy costs beyond March 2023 is of significant concern to many.  According to the Federation of Small Business one in four small firms expect to either close, downsize or radically change their business model if the energy support dries up after March.  https://www.bbc.co.uk/news/business-64151979

 

At PBC Business Recovery and Insolvency we always urge business owners, if concerned about the businesses financial future to seek early advice.

 

If you require any advice or assistance on financial concerns, then please do contact PBC Business Recovery & Insolvency on 01604 212150 or email to enquiries@pbcbusinessrecovery.co.uk and we will be more than happy to help.