Businesses need a range of information to know how they are doing financially, in terms of profitability and cash flow. These range from Key Performance Indicators (KPI’s), which may just consist of level of sales, number of new customers or simply the money in the bank account, to full year end accounts (which are statutory …
A common way for directors to be remunerated from small limited companies is to take a combination of salary and dividends. However, there are ramifications if the company gets into trouble. In the case of an insolvency, liquidators and administrators will seek to recover all assets for the benefit of the creditors. The issue of …