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Restructuring & Insolvency

Why Entrepreneurs’ Relief changes should be the lesser concern for IT Contractors

Our Business Risk Adviser, Nick Hood comments for Contractor UK on the threatened changes to the taxation of funds taken out of companies operated by IT contractors. …many contractors have heard rumours that the government intends to make changes to Entrepreneurs’ Relief (ER), which currently limits tax payable on capital gains. Unfortunately, the amendments that are actually proposed in this

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Opus research into historic BHS funding methods quoted by Sunday Times

Research conducted by Opus into the extraction of funds from the struggling retail chain BHS prior to its recent sale is quoted by the Sunday Times. According to analysis by Opus Restructuring, an advisory practice, he (Philip Green, his family and companies controlled by them) took out £807m in dividends, service charges and rent during his ownership, although he put

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Corporate Treasurers: what happens good loans go bad?

Business Risk Adviser, Nick Hood writes in the March issue of The Treasurer, the official magazine of the Association of Corporate Treasurers about the realities, practicalities and tactics when problems occur with a business loan. No business is an island these days – one enterprise’s problems ripple out across the commercial pond when financial stresses threaten its survival. They wash up not just on

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The BHS CVA: Opus comments in the Sunday Express

Business Risk Adviser, Nick Hood expresses his doubts in the Sunday Express about the prospects for BHS after the announcement of a possible CVA to force down its onerous rent liabilities.  “A CVA fixes a bit of the problem, but it’s not a silver bullet. I wish it the best of luck, but I’m struggling to see how it can have a

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