July 1 has seen major changes to the support given to businesses affected by the Covid19 pandemic. Employers using the...
Liquidations and Insolvencies Set to Rise as Covid Business Support Tapered Down?
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Blog Articles
A drop in Administrations, Creditors Voluntary Liquidations and Company Voluntary Arrangements
The Insolvency Service released the monthly insolvency statistics for April 2021 today. The figures contain a...
Insolvency Process changes to Legislation
Changes to legislation in relation to Debt Relief Orders as follows: Increase from £1,000 to £2,000 in respect of...
Job Retention Scheme Changes
Potential damage to company finance and business rescue?
The Finance Bill 2019-21 had its second reading in Parliament on 27 April, closely watched by the...
Bank Economic Report / Personal Insolvency
Company Insolvencies 2020
Furloughed employees and Insolvency – The Debenhams case
High street retailer Debenhams notified approximately 13,000 employees in writing on 25 March 2020 that they were...
Declaring dividends during uncertain times – consider insolvency and other laws
The latest year end accounts may evidence adequate reserves to adhere to and met the standards of the Companies Act...
Bounce Back Loans
Each day seems to bring new announcements about the impact the current lock down is having, and will continue to have,...
Advice for Consumers – Covid 19
R3, the insolvency and restructuring trade body, has released advice for consumers who are worried about the financial...
Loan for Limited Companies
Certain banks have stated that any director who secures a loan of up to £250,000 will not be required to sign a...