The Bounce Back Loan scheme was introduced in May 2020 to help smaller businesses hit by the panemic. The Government guaranteed the loans provided by the banks. There is widespread speculation that the default rates with these loans will be very high and the Government have put pressure on the banks to take steps to […]
Arcadia could not be saved and is in administration. The knock-on effect of that is going to be far reaching and already we have seen that JD Sports have pulled out of talks to buy Debenhams, who are now set to close their doors after Christmas as a direct consequence as Arcadia had concessions in […]
It has been reported this afternoon that The Arcadia Group is likely to appoint administrators as soon as Monday, as talks with potential lenders have broken down. Arcadia, which is Sir Philip Green’s empire and includes Dorothy Perkins, Topshop and Burtons, employ some 13,000 employees across its 500 shops, whose jobs are now at risk. […]
MVLs from £995 + VAT + Disbursements CVLs from £1,995 + VAT to take advantage of these offers please call Stella on 01377 257788
we are assisting the directors of a marquee hire company. The directors are selling the assets. If you would like more information, please click the ‘Assets for Sale’ button on our homepage and it will take you to the list.
It has been reported that some 50,000 people have been affected by HMRC’s loan charge. A recent report from the BBC highlights the impact that the loan charge is having on people’s mental health. In the report, a contractor says that he was paid as a contractor and used a company to manage his tax […]
The latest figures for October 2020 from the Insolvency Service show that there were 672 creditors’ voluntary liquidations, 59 compulsory liquidations, 104 administrations and 31 company voluntary arrangments, in England and Wales. This was a decrease on the same period last year by 42% which can be explained by the Government support schemes, including the […]
Another arrest has been made on suspicion of bounce Back Loan fraud. An address in Hoddesdon, including a lockup, was searched and £17k of cash was recovered along with a quantity of high end watches. The arrest was made on suspicion that a claim for the loan was falsely made and the money was used […]
Due to be introduced in May 2021, the new Debt Respite Scheme is designed to give those individuals facing financial difficulties a breathing space from their creditors, providing they have sought professional advice. Individuals will be protected during a 60 day moratorium window which protects them from most creditors taking legal action. During the moratorium, […]
A review by the Office For Tax Simplification has identified that around £14bn of additional Capital Gains Taxes could be raised by “cutting exemptions and doubling rates” to more closely align the CGT rates with income tax. This potential increase in CGT will have a huge impact on anyone wanting to retire, sell or close […]
Follow Us!