Blog Articles

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 being furloughed in accordance with the Job Retention Scheme (JRS). This being until further notice. An additional 867 staff were contacted and furloughed...

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 2006’s statutory test to pay a dividend, there are other legal tests and factors to be borne in mind prior to declaring a dividend. During such...

Bounce Back Loans

Each day seems to bring new announcements about the impact the current lock down is having, and will continue to have, on small companies with very limited resources. Yesterday, in an effort to improve access to funds, the Chancellor announced that the government...

Burnley Debt Advice

T H Financial Recovery assists both individuals and businesses in financial difficulty.  If you need advice on the...

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