This has been the year when far too many commercial chickens have come home to roost as Covid has torn through the economy, laying waste to long-established business models and bringing even some of the strongest enterprises to their financial knees. Few industries have seen a greater reckoning than commercial property, except of course their shattered tenants in the leisure,
Opus Business Advisory Group has taken another significant step as it grows its ability to offer business advisory services to businesses throughout the United Kingdom. The group provides restructuring & insolvency, corporate finance, forensic and other allied specialties from each office within its UK office network. The Group has recruited Mark Ranson, a restructuring & insolvency specialist, to open the
A Company Voluntary Arrangement (CVA) is essentially a deal with unsecured creditors to pay a percentage (or all) of sums owing. There are also similar Voluntary Arrangements for both partnerships and individuals. Current Climate Due to Covid-19 there are likely to be many entities that are unable to pay their debts as a result of falling asset values (such as
Opus Business Advisory Group continues to grow its UK presence and recently opened its doors to a new office in Bristol. This is their 6th location across the UK and a natural step for the Group with Bristol being a significant business hub in the South West of England with a strong presence in the financial services market. Tim Dolder,
Insolvency: Why is Croydon Council declaring itself insolvent? Croydon Council became only the second UK local authority in twenty years to declare itself insolvent when it issued a Section 114 Notice on 11 November, confirming that it cannot fulfil its statutory obligation to balance its books. Northamptonshire County Council was the first back in February 2018. The immediate effect is
Financial help for businesses The Coronavirus crisis has created the most difficult financial climate in living memory, maybe for best part of a century. Equally, never has there been so much help and support for entrepreneurs battling to keep their businesses afloat. The government has laid a protective cloak of loans, payment deferrals and legislation over our commercial Pandemic puddle,
