How Do I Know If My Company Is Insolvent?

Is My Company Insolvent? The Cashflow Test Can the company pay its debts as they fall due for payment? For example, if your trade creditors sell to you on say 30 days terms and you regularly pay on 60 days, then your company could be insolvent. A director has a legal responsibility to the company…

What is a Statutory Demand?

What is a Statutory Demand? A Statutory Demand is a formal demand for payment which is sent by a creditor either as a scare tactic or a pre-requisite to wind up a company (Corporate) or to make someone bankrupt (Personal). The form allows for the period of 21 days from the demand being served to…

New Office!

DCA Business Recovery have now moved offices and are now located at 18 Clarence Road, Southend on Sea, Essex, SS1 1AN. The move will allow the business to continue to grow and for us to provide a more complete service with multiple board rooms and other office space to utilise when meetings are being held.…