Richard Simms

“All the contributors to this site are experienced and committed individuals with a wide range of skills and backgrounds. We’re calling upon business owners and professionals across the UK to share both their experiences and their solutions to today’s challenges. This range of skills will continue to grow and strengthen with your help.”

moratorium

Could you benefit from the new restructuring and rescue legislation? The Moratorium

Could you benefit from the new rescue and restructuring legislation? The Moratorium The focus of the Corporate Insolvency and Governance Act 2020, which came into force on 26th June, is to allow SMBs extremely valuable time to formulate a rescue and restructuring plan. Vital breathing space for SMBs. This Act introduces a formal ‘moratorium’ – …

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Business can recover

Your business can recover from COVID-19 – the essential guide to weathering the storm

Your business CAN recover from COVID-19 the essential guide to weathering the storm The reality for the UK economy is daunting; now is the time to take action to help your business recover from the Coronavirus pandemic. Businesses have borrowed more than £30 billion from three Government-backed loan schemes since the COVID-19 lockdown began in …

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image shows someone about to submit an online fraud report for furlough fraud to HMRC

‘Whistle-blower’ service highlights furlough fraud

HMRC ‘whistle-blower’ service highlights furlough fraud The Coronavirus pandemic has created the need for the Government to introduce emergency measures. There have been new laws, schemes and regulations to protect citizens and businesses from the far reaching consequences of Covid-19. However, loopholes and opportunities for fraud have quickly been identified by the unscrupulous – especially …

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Rishi Sunak the chancellor carrying details of the government loans and grants in his red book

Government financial support for business owners during COVID-19: what you need to know

Key points about Government loans and grants for businesses There are many types of Government loans and grants currently available. Some of the schemes relevant to businesses are outlined below. *Update to Coronavirus Job Retention Scheme 29th May – see details below and Government update here* *Update to Self-Employment Income Support Scheme (SEISS) 29th May …

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Business Rescue and Insolvency Links

Business rescue and insolvency links Business Rescue and insolvency can take make forms. From informal deals through to formal rescue procedures or close down options with a business restart. Below are links to some our sister sites that discuss business rescue. Business Debt Management Business Debt Management is a light touch process to handle a …

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Sole trader rescue options

Sole trader rescue options If you don’t operate through a Limited Liability Company or Limited Liability Partnership, then you will either be working through an old-style Partnership or you will be a Sole trader. Crucially a Sole trader will have no protection for their personal assets from their business liabilities. To translate, this means that …

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