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
Opus, a national business advisory, restructuring and insolvency practice has saved 54 jobs and preserved operations at 9 trading units of Concorde Tyre & Exhausts Ltd through a rescue deal agreed with a major competitor looking to expand its business. Concorde Tyre & Exhausts Ltd was seeking inward investment but it became clear that whilst the underlying business was
Cambridge Analytica: Will data scandal firm return from the dead? Our Senior Advisor, Nick Hood speaks to the BBC’s Technology Desk Editor, Leo Kelion. The article discusses the Cambridge Analytica scandal and the UK’s bankruptcy laws. Bankruptcy law Even if Emerdata and Firecrest are intended to carry out similar work to Cambridge Analytica, UK insolvency law prevents them simply walking
