Travel industry – the financial challenges being faced Our Partner, Steve Parker speaks to Samantha Fenwick on the You and Yours Radio Show about the financial problems being faced by the travel industry – covering travel operators and travel agents. Research from Company Watch. Click here for the interview – from 2 minutes.
With all eyes still firmly fixed on the IR35 contents of the Budget (which post-April 2020 could cause more ContractorUK readers to have to read up on closing a company, here and here), it’s easy for contractors to miss another section of Red Book 2018 which could have a significant bearing on them, writes Gareth Wilcox, director at Opus Restructuring & Insolvency. Another reason it may
9. How is a liquidator engaged/appointed in an MVL? Ordinarily, an introduction to an Insolvency Practitioner (IP) is made by an accountant when it is identified that a company is surplus to requirements with over £25,000 distributable assets. The IP will then contact the director to discuss the process, ensure that the test of solvency can be met, and ensure that
It’s quite some time since contractors last felt the need to ask about liquidation, but the ContractorUK Forum shows that closing a company is once again on the minds of some PSCs, writes Gareth Wilcox, director at Opus Restructuring & Insolvency. So-called ‘dormancy’ is experiencing a resurgence too — at least in terms of being a query that contractors want solved, alongside ‘Entrepreneurs’ Relief,’ ‘TARR’ and ‘MVL.’ In
John Thompson joins Opus Business Services Group as a Partner for Opus Business Advisory & Turnaround with over 25 years’ experience of business management, finance and company turnarounds. In the current climate, customer needs, advances in technology, compliance and employee expectations have all combined to make the running of businesses increasingly demanding for the owner manager. Opus Business Advisory
Appointed as Joint Administrators of Commercial Storage Ltd (‘CSL’), Steve Parker and Trevor Binyon of Opus, a national business advisory, restructuring and insolvency practice have achieved a pre-pack sale of the Company’s business and assets, delivering security for all employees and a positive outcome for creditors. CSL had been trading positively in previous years but more recently the company
