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Restructuring and Insolvency

As many companies find out running a business is hard, there are many challenges that you can be faced with as a business owner. Financial difficulties due to unexpected events, new competitors, and economic downturns can all contribute to this.

So, restructuring and Insolvency can both be things that unfortunately have to be investigated.

Restructuring and Insolvency is a procedure that lawyers can investigate and act on behalf of their clients when a company is in financial difficulty. The restructuring will usually be the first step in the process, an agreement should try and be agreed with creditors to manage repayments, the next step will be insolvency, this is when a company, unfortunately, cannot pay the debts that they owe.

There are a few things that you need to do if your company is facing restructuring and insolvency is

  1. Contact all your creditors to see if an informal agreement can be reached.
  2. Put the company into administration
  3. Enter a company voluntary arrangement

You can also have the option to liquidate your company, this means the company will close and the assets from it will be sold and the proceeds will be distributed to people that are owed money.

The United Kingdom has an insolvency law that regulates companies that are unable to pay their debts. A bankruptcy law concerns the rules for the person, an insolvency term is generally used for companies that are formed under the companies act 2006. The word Insolvency basically just means being unable to pay any debts that you may owe.

Restructuring and Insolvency is a complex business, and we recommend that you seek legal advice with this matter, a good lawyer or legal team will be able to help you with the whole procedure.

Company Meeting

 

https://www.youtube.com/watch?v=Mb8zVKT2Qh4

 

 


How to Select the Perfect Cold Room Installation?

Are you looking for a cold room installation for your business? This post will give you information about the features of a cold room available to buy or rent.

Cold rooms are defined as modular structures that are designed to be temperature-controlled walk-in rooms that act to preserve stock inside at the required temperature. Typical cold rooms can have temperatures ranging from -50 °C to +15°C

They are usually made up of flexible panels with airtight seals to maintain consistent temperature throughout. Cam locking ensures that walls, ceilings, doors, corners, and floors are perfectly aligned. Some cold room installations have multi-functional settings to suit different products in the same room. They usually consist of sliding doors and on the larger walk-in, cold rooms have viewports to allow you to check inside the cold room without opening the door and altering the temperature.

Things to Consider When Selecting a Cold Room Installation

  • The refrigeration technology they use
  • The degree of insulation
  • How energy-efficient they are
  • Temperature range they can maintain (from and to)
  • Storage space and shelving – is it included?
  • Will it be easy to modify and expand the design in future?
  • How demanding is the ongoing maintenance?
  • The time and disruption for the cold room installation

cold room installation


Industrial Magnets

There is a huge demand for industrial magnets, the most frequently used industrial magnets are those that are made from neodymium and samarium cobalt, people also call these rare earth magnets, there are other types of magnets such as alnico magnets, electromagnets, and ferrite magnets.

Industrial magnets work by an attractive field that is generated by a coil that realigns the atoms in the metalcore. The tighter the coil and the material used inside the metal core will define how the device works and its power. The bigger these are the better the magnetic ability.

Industrial magnets are essential in lots of industries and make many work processes easier. In the mining industry industrial magnets are used to separate the gold pieces from the metal. In the pharmaceutical industry, they are used to remove iron particles in the production chain. Many magnets are used within the automotive industry, and in airports and big industrial warehouses.

Industrial

Neodymium magnets are the most powerful and strong magnets, they offer great holding force.

Samarium cobalt magnets are a magnet that offers some resistance to very high temperatures.

Alnico magnets are perfect for working as high-temperature magnets, they can withstand more than 400 degrees Celsius.

Electromagnets need electrical energy to work but can be automatically activated (these are used in escalators or automatic doors)

Ferrite magnets are perfect magnets to be used outdoors, they offer great resistance to humidity caused by the outdoor environment.

Industrial magnets are used in many different sectors, we suggest if you are not sure which magnet is needed for the job you require you contact a specialist industrial magnet manufacturer, and they will be able to specify your exact needs and advise you on the perfect magnet that will suit that.

 

https://www.youtube.com/watch?v=BiehuIugYE0

 

 

 


Birmingham Welding

A wide variety of metal fabrication projects requires welding services. However, there are so many different methods of Birmingham welding, it can be hard to determine which method is best. The main two types are MIG and TIG welding.

Welding Services Birmingham

MIG welding (metal inert gas) is where a metal wire is continuously put into the weld. The weld acts as a filler to help join two metal objects together. MIG welding is ideal for larger projects, it is more forgiving of mistakes compared to TIG welding. As MIG welding uses a filler material, it can often help complete welds of thicker metals in less time than a TIG weld.

TIG welding (tungsten inert gas) incorporates a tungsten electrode which lets a current through the metals being joined together. TIG is applied in both the welding of ferrous and non-ferrous metals with a range of thickness, that doesn’t exceed 8mm. Because this process is slower, high-quality welding is produced with the perfect definition in aluminium, carbon steel and stainless steel.

TIG welding is best suited with smaller projects including more-exotic metals such as gold, nickel, and brass. TIG welding requires precise control over the timing and pressure of the electric current. It is easier to use with thinner pieces of metal as the welding must be hot enough to form a bond together.

Contact Welding Services Birmingham for more information on differing coded welding services and products.

birmingham welding


Glass Sliding Wardrobes

Glass Sliding Wardrobes

Glass Sliding Wardrobes are a great way to transform your living space and enhance aesthetic appeal. They give so much storage space and can really create a feature piece in your bedroom.
If you looking to re-camp your bedroom, glass sliding wardrobes are a popular choice with many interior stylists due to the clean and modern look they give. With the option to completely personalise the glass design, homeowners are given free rein to create the perfect design for them without compromise.

Glass sliding wardrobes are built directly into the wall and maximise available vertical space by being floor to ceiling. You can design the interior setup of the wardrobe to work the best for you, adding a mixture of hanging rails, shelves, racks, and drawers.

Mirrored Fitted Wardrobes – Are They Worth the Investment?

Glass Sliding Wardrobes are renowned for making smaller rooms appear bigger, as the mirrors reflect onto the rest of the room and bring in lots of light. They also save on space being sliding across rather than opening outwards. This means you can keep furniture lose by without compromising access to the wardrobe.

The are many different types of mirrored fitted wardrobe designs. They can be frosted or stained glass, traditional crystal clear or a mixture of wood panelling and glass together. There are also usually options to add colour and glitter if that suits your style! However, it is important to think of a classic investment, do not create a trend wardrobe that will become outdated quickly. Our advice is the simpler designs are the best and give you the most value for money overall.

 

glass sliding wardrobe