Don't ignore the signs
Davies, J.
Don't ignore the signs - 2002 - Estate Agent December 2002,14(1) .
Discusses the need for businesses in a period of high corporate and individual insolvency to help themselves by looking out for financial warning signs. Examines the following signs: inadequate credit control, impending material bad debts, overtrading, high level of contingent liabilities, unreliable past financial assumptions and forecasts, and reducing gross margins. Notes that the Enterprise Act 2002, coming into force in 2003-04, has as one of its key objectives to assist companies in financial difficulties with rescue procedures to stave off liquidation. The Enterprise Act 2002 is available at www.hmso.gov.uk/acts.htm.
ENTERPRISE ACT 2002
LIQUIDATION
CORPORATE INSOLVENCY
INSOLVENCIES
CREDIT CONTROL
BAD DEBTS
FINANCIAL CONTROL
CONTINGENT LIABILITIES
FINANCIAL FORECASTS
SMALL BUSINESSES
Don't ignore the signs - 2002 - Estate Agent December 2002,14(1) .
Discusses the need for businesses in a period of high corporate and individual insolvency to help themselves by looking out for financial warning signs. Examines the following signs: inadequate credit control, impending material bad debts, overtrading, high level of contingent liabilities, unreliable past financial assumptions and forecasts, and reducing gross margins. Notes that the Enterprise Act 2002, coming into force in 2003-04, has as one of its key objectives to assist companies in financial difficulties with rescue procedures to stave off liquidation. The Enterprise Act 2002 is available at www.hmso.gov.uk/acts.htm.
ENTERPRISE ACT 2002
LIQUIDATION
CORPORATE INSOLVENCY
INSOLVENCIES
CREDIT CONTROL
BAD DEBTS
FINANCIAL CONTROL
CONTINGENT LIABILITIES
FINANCIAL FORECASTS
SMALL BUSINESSES