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Restructuring & Insolvency

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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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November 14, 2018
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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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October 26, 2018
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See Opus in ContractorUK – Closing a Company Part 1

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

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October 25, 2018

54 jobs saved by Opus in national car servicing rescue deal

  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

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September 5, 2018
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Opus delivers views on the Cambridge Analytica Bankruptcy for the BBC

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

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May 4, 2018

Opus acquires Hyde House and grows its Corporate Finance team

Opus, a national business advisory, restructuring, insolvency and exit management practice, continues its UK expansion plans with the acquisition of Hyde House, a merger and acquisition specialist based in Milton Keynes. This acquisition builds on the existing corporate finance team and brings further SME expertise and experience with particular focus on the manufacturing, engineering, software, IT & technology, wholesale, logistics & distribution, rental & hire

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February 23, 2018
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