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Restructuring & Insolvency

Opus is now an ABTA Partner

Opus Business Advisory Group is pleased to announce it has become an ABTA Partner with ABTA travel association. ABTA has been a trusted travel brand for 70 years, offering advice and guidance to the travelling public, as well as leading the travel industry in supporting high service standards and promoting responsible tourism at home and abroad. The travel industry has arguably been the

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Personal guarantees: When liability isn’t so limited

The concept of limited liability is not new. English law granted this status to monastic communities and trade guilds as early as the 15th century and the protection was extended more generally by the Limited Liability Act of 1855, despite fears expressed at the time that it would lower standards of commercial behaviour. Over the past hundred years, the idea

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Applying to be struck off when you have financial trouble?

In the first quarter of 2021, there were a record 39,601 applications by companies to be struck off the register at Companies House, a startling increase of 843% on the same quarter in 2020. Some of these will have been the normal dissolution of businesses past their sell-by date or where the owners are retiring or moving on to another

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Opus strengthen Scottish presence with new Partner in Edinburgh

George Dale, a prominent member of the Scottish restructuring and insolvency community, has joined Opus Restructuring & Insolvency as a partner for the new Edinburgh office. Opus established an initial presence in Scotland, with the appointment of Mark Harper as partner, earlier this year. George will open an office at 23 Melville Street, Edinburgh in mid-July with a view to

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Post pandemic – what next for the UK construction sector?

The UK construction sector has been a remarkable story of adaptation during the pandemic. An initial plunge of 40.7% in its GDP in April 2020 as almost the whole sector was forced to shut down, has been followed by a steady climb back up out of that financial hole marred only by a dip of 2.9% in December 2020 and

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Business growth – managing the overtrading risk

Managing growth when coming out of economic downturn Growth kills more companies as they emerge from an economic downturn than the recession itself. More precisely, headlong expansion with depleted working capital is what does for them. After the slump, the losses and the gloom of it all, what entrepreneur would turn away that heady surge in sales? The answer is

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