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Restructuring & Insolvency

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CORONA SOLVENCY ISSUES

Time to think outside the box, but not lose sight of the legal realities Calling these times uncharted waters is starting to look like a serious understatement for practically every business in the UK and indeed worldwide. Revenues are falling off cliffs, employees are disappearing into isolation in escalating numbers, operational difficulties are compounding by the moment and the Government

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Social Media Management for Restructuring & Insolvency

Social Media is an important area for many businesses and the management of it can often be fundamental to its promotion and performance. Where such reliance is placed on the social media management in order to ensure preservation in the value of a business in distress; the Opus Team are expert in the development and execution of strategies for handling

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Mining for returns: a crypto-exchange administration

Bitcoin (BTC) is officially ten years old, this year, and is the world’s most prolific and established cryptocurrency. Over the last decade, BTC has repeatedly defied its doubters and despite a string of setbacks, from Mt Gox in 2014 to Quadriga earlier this year, nothing has so far managed to derail it. The simplest way to acquire BTC is to

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BBC Interview – Travel Industry – Financial Challenges

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.

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See Opus in ContractorUK – How PSCs with bust agencies or clients are set to suffer

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

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See Opus in ContractorUK – Closing a Company Part 2

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

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