Limited liability arrangements have long been thought of as a secure way for a business owner or director to clearly separate and protect their personal wealth from their business liabilities. Unfortunately, over time, these protections have slowly eroded, leaving business owners and directors in a more uncertain and, given the current times, potentially volatile position, both for their business and
There are numerous challenges SME business owners are facing in the current economic climate. The turmoil of the pandemic, coupled with the upheaval of Brexit, have left business owners needing to deal with unprecedented problems all at once. Changeable markets, supply chain issues and cash flow concerns, alongside the increased liabilities from Bounce Back Loan repayments, HMRC arrears and pressure
A key market: The construction sector The construction sector is one of the UK’s most vital markets. Its importance in terms of its contribution to the efficient working of the economy far outweighs its 6% share of GDP. It employs some 2.3m people of around 7% of the total workforce. Strong initial bounce back in the pandemic After being badly
Exchange rate fluctuations can make a nonsense of even the best or the most carefully planned piece of business, whether it is an overseas sale or procurement decision. Income flows from foreign subsidiaries or joint ventures can also be affected, or the carrying value of those investments. Transaction Exposure The most common and simplest type of foreign exchange risk is
Continuing its commitment to businesses in the North West of England Opus Business Advisory Group’s continues its commitment to supporting business with local expertise, opening a new office in Preston, Lancashire. Insolvency Practitioner, Ian McCulloch joins Opus Restructuring & Insolvency to lead this dedicated office. A corporate insolvency professional specialising in SME liquidations and administrations, Ian has over 17 years’
Despite the success of the vaccination programme and the hope of normality it promises to the public, there are still many more months of disruption, uncertainty and tough financial times ahead for the travel industry. Even after that, the new normal will likely be very different to the world we knew before Coronavirus. In such times, calm business leadership is
