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Idiom
Going concern.
A successful and active business is a going concern.
Similar(60)
But another passer-by kept right on going, concerned about a whole different kind of order among chaos.
But even if they carry on as going concerns loaded with more bail-out funds, a remodelled Chrysler and GM still face a fight for survival.
However the International and Ireland businesses continue to trade on air whilst we are in discussions with parties to take these businesses on as going concerns.
Auditors also want to be reassured about refinancing prospects well before maturity dates so they can sign off on companies as going concerns.
Accountants say they cannot sign off on portfolio companies as going concerns unless they have letters from banks reassuring them that credit facilities such as overdrafts will be renewed.
He said: "I knew how to value a business, and I knew how to turn a struggling business around, but one of the biggest challenges of taking on a going concern was managing the employees who worked there.
Then I wake up and find out Lehman and Merrill Lynch are no longer going concerns on Wall Street.
"We'd like to think that Manston can attract an owner with a serious intent at keeping it on as a going concern".
The company's accounts are prepared on a going concern basis because the directors have agreed to meet the liabilities.
The players who, on a going concern sale are treated as 'football creditors' and must be paid, lose all such rights under liquidation and will be treated as ordinary unsecured creditors.
Administrators to the company said the decision by Shanghai Automotive Industry Corporation that it was not prepared to take on MG Rover as a going concern meant they could not ask the government for a repeat of last week's £6.5m loan to continue paying workers' wages.
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