Successful catering business with health revenue Valeside Catering Contracts Limited, a business incorporated in 2002 had been a successful husband and wife catering company, servicing a number of hospices, golf clubs and other corporate clients across the home counties and south east. Post pandemic, the 2021 accounts reported a healthy revenue of £1.4m, pre-tax profit of £97k and a balance
Getting involved in commercial litigation is every business’s worst nightmare. Whichever side of a dispute you are on, there is so much more at stake than the claim itself. On top of the management distraction and the frustrations at endless delays, costs loom large. Not only can your own costs be a formidable and potentially insurmountable barrier, but there is
Ever since the modern insolvency era began with the passing of the Insolvency Act 1986, there has been a debate about how and when the responsibilities of Directors change as their company moves towards a formal insolvency. In broad terms, the mantra has been that they owe their primary duty to the shareholders until an insolvency filing becomes inevitable, after
With the economic climate as it has been over the last few years, it is no surprise that there are plenty of people struggling with debts. However, there is still too much of a stigma about going into an Individual Voluntary Arrangement (IVA), filing for bankruptcy or taking advantage of one of the many options for re-setting out finances and
Business energy price cap With the appointment of Liz Truss as Prime Minister, business owners have waited with baited breath to find out what, if any, support would become available for their spiralling energy bills. Yesterday they received an answer in the form of a cut on the wholesale price of energy for businesses by more than half for the next
The covid loan schemes The government’s speedy launch of the various Coronavirus Business Support loan schemes when the pandemic struck in 2020 was one of the most important planks in the raft of measures intended to prevent viable businesses from failing as Covid ravaged the UK economy. By May 2021 when the schemes closed to new applications, a total of
