Pre-Pack Administration Guide Comments Off on Pre-Pack Administration Guide

Pre-Pack Administration Guide

Posted by on Sep 22, 2016 in Uncategorized

A pre-pack Administration is where an insolvent company is placed into administration but instead of the administrator completing a sale after breaking up or trading the company for some time whilst a buyer is found for the business & assets he then sells them immediately upon his appointment.  In this instance the business is considered viable so a sale is negotiated beforehand (pre-packaged) and completed upon the administrator’s appointment. Usually the insolvent company ceases to trade and, if a phoenix company is to be set up to act as the purchaser, it starts trading on the day of the administration order as the sale cannot usually be concluded before the Administrator is in control.

Successful Business Meeting --- Image by © Corbis

Successful Business Meeting — Image by © Corbis

A licensed insolvency practitioner like www.bridgenewland.co.uk will be able to meet with you to review your company finances and decide whether an administration is even suitable for your business. The insolvency practitioner should be made aware of the details of any interest which you or any other party has in the business and assets. A value is then instructed to access the value of the business and its assets and these should always be discussed with the intended purchaser. Action is then taken in order to appoint the insolvency practitioner like www.bridgenewland.co.uk as the administrator of the company and this can be by various methods. Before terms are agreed and a sale price is decided the sale agreement is drafted. Administrators are then appointed and the sale is signed off shortly after the appointment of the administrator is confirmed. All creditors are written to and assets are taken control of if there are any that are not included in the sale. The purchaser takes over trading from completion but doesn’t inherit the insolvent company’s debt unless specifically agreed.

A Pre-pack administration is the most well-known procedure due to a lot of media coverage. The process is still governed by the same rules however, a buyer is found prior to the company being placed into administration, with the sale being concluded upon appointment. The purpose of a Pre-pack administration is to ensure continuation of trade by transferring any on-going contracts to the purchasing company (which can be owned by the same directors); and ensuring that the employees are transferred to the purchasing company as part of the sale. This is the usual way an administration is achieved as it is the best way to rescue the business as a going concern.

Certain sections of the media sometimes describe a Pre-pack Administration as a covert or underhand sale back to a company run by the same directors however; any sale during an administration/or Pre-pack Administration is subject to clear regulations, which set out the process to be followed and the information to be provided to company creditors.

 

Pre-pack administration is most suitable when assets exceed approx. £30,000 and this can include assets. If debtor collections are also likely to be more successful if the customers receive continuity of service it will also be suitable for pre-pack administration.

Learn More
Air Conditioning Repair: A Guide Comments Off on Air Conditioning Repair: A Guide

Air Conditioning Repair: A Guide

Posted by on Sep 14, 2016 in Construction, Industry, Services

During a long Southern summer, a day without a working air conditioning unit can be the definition of absolute misery. If your air conditioning unit isn’t working then you need to contact a proper AC repair Fort Worth Company to come and fix it. Air conditioners can fail for a number of reasons and sometimes the problem can be really simple and need a simple battery change. Sometimes the motor in the outdoor unit has died and at other times it can be something as easy as improper installation which can cause failures and so can poor or improper maintenance.

When you have a local air conditioning repair company on speed dial you can be assured that a professional service is at your fingertips. If you system has had a significant breakdown or it just isn’t keeping you as cool as it used to it may be worth replacing entirely instead of repairing it. In the last six years, manufacturers now have to use a new kind of refrigerant that isn’t an ozone-depleting gas. A new system can also use half the electricity of your old one and it will do you a far better job of keeping you cool and comfortable. Repair isn’t worth it for a system that is older than six years old as it will cost you more repairing it than replacing it. Make sure you ask a company or a contractor to come out and give you the right advice here. They’ll assess the condition of your existing equipment, but also the ducts that deliver the cool air and the overall quality of the insulation in your house. Improving these elements may actually improve the overall effectiveness of the air conditioning unit as much or more than installing a new machine.

Have your local company inspect the condition of the ductwork of your unit. You can upgrade to the highest efficiency gear available and still not feel comfortably cool on hot days. This is because the mechanics is only a part of the whole central air system. Did you know that the average Southern American home’s ductwork leaks 10-30% of its air before it can reach your living space? Before you decide whether to repair or replace your condenser or blower units your chosen repair company should run a duct-leakage test by sealing the vents and measuring how much air actually escapes. You won’t only be wasting money on the system itself but the electricity it takes to run an air conditioning unit. If the ducts are inefficient the company you choose can locate and seal the gaps which actually doesn’t cost very much. Installing a new insulated pipe doesn’t cost much either, slightly more than sealing gaps but less than replacing the entire unit itself.

If you do decide to replace your system is to make sure that it is sized right! Air conditioning is measured by the ton which is the cooling power of a one-ton block of ice melting in 24 hours. Some older installers use a ballpark estimate of sizing equipment and that can typically lead to air conditioning systems to be too big.

Learn More
Tips for Expanding Your Business Comments Off on Tips for Expanding Your Business

Tips for Expanding Your Business

Posted by on Sep 6, 2016 in Uncategorized

Expansion, while exciting for you as a growing and successful company, can actually adversely affect your customers, profitability and the nature of the business and expansion may not always guarantee you success. However, making the choice to expand your business is rather exciting! If you are looking to do your very first expansion and if you’re ready for a little growth and have room for an extra shop or opening offices perhaps overseas, then have a look through this little guide on how you can expand your business.

28

Before you go ahead and action any plans to change or expand – or even downsize – your business, t there are a lot of questions to ask yourself as a company such as whether you will make any profit, and can you afford to sell things either at lower cost or invest more money in products to sell. You need to look at whether your competitors are also expanding in the same market as that will increase the choices from your customer’s point of view and lessen your chance of being the best. You should check with your accountant or financial advisors whether you can afford your expansion or whether you need to add debt and borrow money to finance it. If you head over to http://www.mhumeandson.co.uk they’ll be able to advise you on whether that would be possible.

How will your expansion fit your customers’ needs? Will there be delays while you restart? Is your expansion likely to affect current operations? All these questions are valid and ones that need addressing before you go ahead. If you are ready to go ahead with growing your business there are a lot of ways to go about it. Before you can even go ahead, you need to make sure you understand every part of your business so you can build on it. Revisit your business plans and make sure you know what your original plans were and if you need to, change out some of the information on your business plan so you can have the most effective, strong plan available to you!

Your accountants that you work with from companies such as http://www.mhumeandson.co.uk can actually assist you in laying down the expectations of an expansion and what that will mean for your company. It’s not to say you shouldn’t go for it, absolutely you should but you need to make sure you’ve implemented some very careful planning with your expansion.

The last thing you want to do is expand the deadweight as well as the exciting parts. Look at continuity and contingency plans if you suffer interruption to your business. Check out who your top clients or customers are and expand on that, work out your strengths and play to those wholly and you will be able to transition better in your growth phase.

With expansion comes new customers and targeting your new audience you should diversify into new markets if that’s something that is available to you. If you’re able to and there are companies open to it a merger could be an idea. Having an additional hand in the business and extra customers may be an excellent and supportive way to move forward.

Learn More
Your Rights as an Agency Worker Comments Off on Your Rights as an Agency Worker

Your Rights as an Agency Worker

Posted by on Sep 6, 2016 in Uncategorized

The working market is so tough nowadays that a lot of people are willing to work contractually and temporarily rather than on a permanent basis. Before going for it, ask yourself, what is an agency worker? Well, most recruitment agencies have temp desks where they have smaller contracts that can last for days, weeks or months at a time. You would be hired onto a temporary basis where any issues and wages for the job come directly from the agency you’re hired by rather than the employer you work for. Check out the benefits that the agency is offering you before you sign up and make sure you have holiday entitlement and a pension plan arranged as well as the usual maternity benefits.

accountant-1238598_1280

Being an agency worker doesn’t mean you give up your rights at work, far from it, but there are differences in the rights of an agency worker than there is for a permanent employee hired through an agency. Agency workers are often called ‘temps’ and benefit from many employment rights as they will have different rights to employees. You need to know your rights before you go ahead into any contract but especially when it comes to temp employment.

The firm who hire you will have paid a fee to the agency for you to work there and the agency has to pay you whether the hiring firm has paid their invoice or not. You shouldn’t ever be out of pocket with a temp agency just because they haven’t paid the bill. Agencies as a rule cannot charge you for finding work, ever and if any try you know you’re dealing with a dud agency. The charge goes to the firm hiring you. If you are working for a mixed agency like http://www.goldhawkassoc.co.uk you may find that once you’re marketed to and hired permanently by a company, you no longer work for the agency but for the firm that hired you as a permanent employee. This generates a one off fee to the agency rather than temp fees in the long term so it’s advantageous for a firm to take you on rather than hire you as a temp.

There are a lot of benefits to being a temp of course. Temp jobs can help you gain experience into the field you want to work in and be used as a stepping stone to colour your CV with new experiences. Temp work tends to be more flexible and more shift work so you’re able to balance home responsibilities with the independence of a job. You can move between jobs easily with no or little notice and your agency that you worked for can assist with this and it makes the recruitment process more streamlined for you. You are also able to dip a toe in the water for different industries and different types of work. Flexibility is actually the biggest attraction for temp work but not just for you as the temp but also the employer. Employers use temps as a way of identifying who would be a great asset as a permanent employee to their company.

 

Learn More
How to Choose the Right Butchery Equipment for Your Business Comments Off on How to Choose the Right Butchery Equipment for Your Business

How to Choose the Right Butchery Equipment for Your Business

Posted by on Sep 1, 2016 in Butchery Equipment

When it comes to processing meat having the right equipment is something that you need. You cannot expect to get these meats processed when you are using just your bare hands alone. This is why you need to see to it that you can successfully find the right units that will most appropriate for the operation that you will be carrying out. Use this opportunity to ensure that you can indeed sign up for no less than the best butchery equipment for sale you can find.

You will need to decide whether you would prefer if you are going to sign up for brand new equipment or one that is already used. A lot of buyers would want to consider the possibility of getting a brand new unit. It is sleek, and it is new, after all. So, it is going to be ideal when it comes to signing up for the best. But there is also the fact that it can cost you a lot of money along the way. You will need a higher budget for such a purchase.

If you are looking for a Formatic burger machine for sale that should cost you less, then you will have to. Consider the possibility of getting used equipment. There are a lot of people that may prefer this route. They are no longer brand new, so you know that you are no longer going to have to cover for a very high price. This may be perfect for those buyers that would like to minimize the costs that they need to cover and for those people who are not that willing to spend an enormous amount of money to get the purchase done.

Your budget will need to be the deciding factor. Mostly when you decide to make the purchase, though, you are going to need funds to finance all the other things that you need to set up when getting the business started. This is why it is important that you will find out how much you can spend this time around. This is essential as it can help make it easier for you to get your choices shortlisted along the way.

Do find out about the feedback that previous customers and buyers are saying about these units too. You need to see if they were ever satisfied with the way these meat processors performed as this can help you get a look of the experience you will have once you start installing them in your premises ad you start using them.

Check for maintenance too. You need to remember that these are units that will have to subject to regular use. If you are going to build a huge shop with a busy enough operation, then it is expected that they will be used at a heavier frequency. You just need to be sure that the unit you are getting is up for it and can withstand wear and tear. If it has issues, though, you will need to know where to get it taken for fixing or which technician to call to have it fixed.

Learn More
How to Shop for Meat Smokers Comments Off on How to Shop for Meat Smokers

How to Shop for Meat Smokers

Posted by on Sep 1, 2016 in Meat smokers

You have always been a fan of smoked meat. Sundays will always be your favorite because you get to have enough spare time to get some of those real meat cuts smoked to perfection. Your old unit has just decided to take its last breath, though, so now, you are trying to look for meat smokers for sale. Needless to say, you want to see to it that you only ever get the best unit that you can find. Here is a helpful guide for you.

You will need to do your bit of research if you are to go through with the purchase. While you are not especially looking for industrial meat mixers for sale, but one that is kitchen grade you should still be sure that what you are getting is appropriate for the setting that you are going to use it for at home. So, do your homework to get a better idea of the name of possible units that you can take advantage of.

Check on the price. You need to see if this is something that you can afford to spend as far as your budget limitations go. You want to spend the right numbers that will allow you to buy a good quality smoker, though. Avoid the cheapest you can find as more often than not, and they may not possess the necessary durability and quality that the aptly priced ones around can offer. Remember, low price and quality do not always go together.

Consider the ease in which the unit can be used. You would prefer something that will have all the right features, but one that is not way too much as far as ease of function goes. These kinds of devices tend to be quite straightforward in their design and the way they are used. So, you should not have a hard time determining what features matter and what does not. Remember, the more features it has, the pricier it may get. So, go for those practical features to lessen the costs involved.

Always choose a unit that has been known for its durability. You will want to invest in something that can be expected to be functional and useful for many years to come. You would not want to spend your hard-earned money on something that is not going to last for very long. So, use this opportunity to ensure that by the end of the day, you get something that is not just priced right, but one that can be expected to remain in the best shape for years to come.

Check what kind of warranty is offered along with the unit that you are getting too. You will certainly want to be sure that you are going to a group that is expected to have a good warranty offer. You want assurance that repairs and servicing will be duly covered whenever they occur during the warranty period too. Also, you need to make sure that they have proper support if and when you every time you have issues with the appliance. Do see to it too that you are referring to providers that are known for their excellent customer service.

Learn More
www.scriptsell.netBest Premium Wordpress Theme/Best Premium Wordpress Theme/

Pin It on Pinterest

Share This