Of all the many restrictions placed on creditors to protect businesses during the pandemic, none have been as long lasting or wide ranging as those, which have prevented the enforcement of rent arrears throughout the crisis. This shelter has been vital to many viable but cash-strapped enterprises, but as from 25th March 2022, the full panoply of remedies will be
The Covid crisis has taken many accepted truths and thrown them up in the air, like a confetti of commercial confusion. In our first article looking at how credit management has been changed, we focused on some of the basics: interpreting unreliable financial data, how a trio of global financial negatives may have worsened even some of your best-known risks
Credit risk disciplines The Coronavirus crisis has not so much moved the goal posts for credit management professionals as relocated the game to another stadium and changed half the rules. Nothing is what it was, so while the old basic credit risk disciplines remain vital, there is a whole new range of techniques that must be applied. In this mini-series
The Company Voluntary Arrangement (CVA) has long been a useful weapon in the armoury of business rescue experts, with an infinite flexibility designed to allow solutions to be designed to fit the unique situation of every business with temporary or longer-term issues. Not all CVAs succeed, of course, and there has been concern in recent years about its use to
It is common practice for director/shareholders of owner-managed businesses to take remuneration by way of a low basic salary paid through PAYE, with the remainder being taken as shareholder dividends. This is because dividends typically attract a lower rate of tax (both for the individual and the company) than would be payable as an employee. Yet, although this is common
2022 will be a year of renewed optimism for many business owners as they hope to put the pandemic well and truly behind them and plan for a more positive future and ways to grow their businesses following the impact of covid. Raising finance will undoubtedly be at the top of most agendas with asset-based lending viewed as one of the
