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Home > News > Ahead Of The Game With A Red Flag Alert

 

 

 
News
 
 

14 September 11

Ahead Of The Game With A Red Flag Alert!


Dodd Rescue has recently subscribed to the “Red Flag” early warning service designed by national insolvency firm Begbies Traynor.

The system takes its name from the unique way that it highlights the financial status of a company. A simple search process allows us access to thousands of corporate business records in order to check their “Red Flag” ratings.

So what happens if you’re planning to do business with a company that has a “Red Flag” alert?

We would suggest that if you are planning to deal with any company that has a Red Flag warning that you start to ask questions before you decide whether or not to take the risk. Dodd Rescue can help you start this process by providing a more in-depth report and analysis into the company’s finances which can include details about County Court judgements or pending winding up petitions.

Dodd Rescue partner Jeanette Brown commented, “Anyone involved with setting up accounts with new customers or already involved with the credit control process and getting in the debts should think about using this service. It gives a quick and easy approach to knowing who you are dealing with from the word go”.

What does it cost to use the service?

Dodd Rescue is happy to provide this initial record search free of charge to Dodd & Co clients. All we need is the name and address of the company you are looking to search and we can give you an immediate answer over the telephone.

If you require a copy of the report a charge of £10 plus VAT will be made*. An application form is available on our website www.doddrescue.co.uk/redflag.

Further detailed reports and comments from our specialists start at £25 plus VAT.

Please speak to Carol Tindal on 0800 9540520 for a further consultation or additional information about the service.

 *This is a credit/debit card only facility and payment must be received before the report is generated and sent out.  All reports will be emailed to an address of your choice but must not be circulated to third parties.

 

 

 

 


 
 
30 January 2012

New rules being brought in by HMRC on 1 March 2012 will effectively ban the use of the informal winding up of companies to take advantage of 10% tax rates.

This announcement is largely in response to the growing trend of accountants advising their clients to leave profits in their company and then extract them at a 10% capital gains tax (CGT) rate on an informal winding up of their company.

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