The cash flow cliff edge is coming – is your business ready?
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
Restructuring & Insolvency
Reinstating Crown Preference: So many consequences for business
Crown preference background The Finance Act 2020 has restored preferential status in an insolvency as from December 2020 to Crown debts, such as unpaid VAT and PAYE. This
‘Light Touch’ Administrations: A new approach to an old remedy
It may have taken almost twenty years, but the insolvency profession has finally got round to adapting the Administration insolvency process brought in by the 2002 Enterprise Act
Business survival: When is it time to throw in the towel?
The Pandemic is threatening to cause a financial crisis to equal of even surpass the horrors of The Great Depression almost a century ago. There are few parts
New Corporate Insolvency Act – what does this mean for business?
The Corporate Insolvency & Governance Act 2020 (“The Act”) The Act implements insolvency reforms first proposed by the government as far back as 2016, which were the subject
Coronavirus & the incredible shrinking asset value
All lenders and insolvency practitioners know what happens to the assets section of a company’s Balance Sheet when it goes into any formal insolvency process, even those designed