Planes grounded by pandemic….

Another casualty of the pandemic was announced at the weekend.  Sobart Air has gone into liquidation. The airline operated flights from Ireland to several English airports. The liquidation has resulted in 480 job losses. For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation […]

Breathing space for those in debt

The Debt Respite scheme came into effect of 4 May.  This gives individuals facing financial difficulties 60 days breathing space from their creditors during which they must seek professional advice too help them decide upon the best solution. During the 60-day period, creditors are unable to send threatening letters or add interest to the debt. […]

High Street Footfall on the rise – slowly….

It has been reported that since nonessential shops were able to open up again, footfall on the high street has increased, although it is still some 30% lower than before the pandemic. It seems however that the increase can be largely attributed to evening shoppers with the highest rise in numbers being after 5pm, especially […]

Thought for the day from Redman Nichols Butler

Fee earning opportunities for accountants from insolvency cases post the withdrawal of Covid – 19 pandemic business financial support Most of the Government’s financial support for business during the Covid – 19 pandemic is likely to be withdrawn by the end of this summer.  The number of UK businesses failing since March 2020 has reduced […]

Advisors try to cash in on their own mistakes

Directors, who mis-sold products through a failed company, are starting up again and taking on the claims of  their failed company’s creditors  and are making claims to the Financial Services Compensation Scheme (FSCS). The Financial Conduct Authority (FCA) is now banning directors of failed financial advice companies from being involved in such companies. The FCA […]