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14th October 2021
Insolvency industry trade body R3 (Rescue, Recovery, Renewal) has called on the government to do more to help struggling directors seek qualified help earlier. Seeking help earlier can expand the number of options that are […]
6th October 2021
In most circumstances, directors and shareholders aren’t liable for a limited company’s debts. But there are some situations when you can be held personably accountable for your firm’s debt. If your business is struggling financially, […]
30th September 2021
More contractors are facing financial difficulties due to the pandemic, Brexit and recent changes to IR35 rules. Many contractors have seen a reduction in business over the last few years. Limited company contractors also did […]
22nd September 2021
Having a winding up petition served against your business doesn’t have to mean the end of the road for your company, but you do need to act quickly. During the coronavirus pandemic, businesses have enjoyed […]
20th September 2021
Also known as ‘dissolution’ or ‘striking off’, dissolving a company is when a company is closed and is no longer showing as “Active” at Companies House – the legal register of all companies in the […]
13th September 2021
Recent events both at home and abroad highlight the growing risk that climate change poses for businesses in the UK. Flooding, wildfires and extreme weather events have the potential to damage company assets and disrupt […]
10th August 2021
Almost everyone would agree that government support given to companies and individuals during the coronavirus pandemic was necessary and right. However, some experts have expressed concern that the support has led to the creation of […]
23rd July 2021
The Government’s Bounce Back Loan Scheme was introduced at the height of the coronavirus pandemic. Borrowing up to £50,000 with no fees or interest to pay for the first 12 months was a lifeline for […]
13th July 2021
HM Revenue and Customs has signalled that it will go easy on company debts as businesses recover from the coronavirus crisis. In a letter sent by business secretary Kwasi Kwarteng said that HMRC will adopt […]
1st July 2021
Company insolvency and restructuring trade body R3 has produced a new guide for directors with companies in financial distress. The guide has been produced as part of R3’s post-pandemic Back to Business campaign, which has […]