Archive | News RSS feed for this section

We are hiring

We are looking for a marketing assistant, if you know of anybody who may be interested, please pass on my details. For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or should you or your company be facing financial difficulties and you need to chat, please telephone Stella Flemmings on 01377 […]

Older workers disadvantaged

The Furlough scheme is due to be withdrawn at the end of September and reports are warning of a raft of redundancies as businesses decide that they can no longer keep their employees on. Research from the Resolution Foundation have stated that older workers (55 – 64) are at higher risk of unemployment. This age […]

Independent retailers likely to be hardest hit

It has been reported that many small, independent retailers are likely to fail once Government support is withdrawn. It seems that they are sitting on top of a 31.7bn mountain of debt. Small retailers have been relying on Government support to see them through the pandemic, however now that re-payments are kicking in, it is […]

Bounce Back Loan Scheme

Although the BBLS is now closed to all new applicants, repayments are kicking in and many issues are coming to light were BBLs have been fraudulently claimed. We thought it might be a timely reminder of the eligibility of a BBL. A business must have been actively trading at 1 March 2020 Only one application […]

RNB – Real life seminars!!

Now that we can see each other in real life, we are putting on a series of seminars.  We have Gary Brothers from Independent Tax talking about some recent tax tribunal cases and what we can learn from them to help clients. Dates and locations for the seminars as follows: Thursday 16 September, MKM Stadium […]

HMRC loses out to Sir Philip Green

The demise of the Arcadia group on 30 November 20 will see HMRC lose most of the £44m it is owed. The administrators have confirmed that only 10p in the £1 will be returned to unsecured creditors.  If Arcadia had entered into administration a day later (on 1 December), HMRC would have been a preferential […]

Hurricane – stopped in its tracks!

The Restructuring Plan (RP) procedure was one of the Government support plans and was introduced in June 2020. Hurricane Energy, which is facing financial difficulties for several reasons, has been the first company to have their application for a RP to be denied by the Court. The directors are now considering whether to appeal the […]