Redman Nichols Butler held our annual Hull party at The Deep on Thursday 12 March. We invited guests to meet the new colony of Gentoo Penguins. Although the penguins were nice and lively and playing up to the attention they were getting at the start of the event, they soon got tired and went to […]
The saga continues as to whether a pension pot can be made available for creditors in a bankruptcy, especially in light of the new reforms which will enable over 55’s to access more of their pension pots early! Two recent cases have contradicted each other. In the matter of Raithatha v. Williamson [2012] EWHC 909 […]
The Debt Relief Order (DRO) was introduced to help individuals in financial strife, with low levels of debt and no assets, to avoid bankruptcy. People with under £15,000 of debt and little or no assets could apply for a DRO. From 1 October 2015, the Government will increase the level of debt to £20,000 giving […]
RBS, the tax payer bailed out bank, has hit the headlines again for mis-selling another product to its customers. RBS have admitted using the Enterprise Finance Guarantee (EFG) to boost lending to SME businesses. Directors of businesses were told by the bank that the EFG cash would provide a 75% Government guarantee, omitting to explain […]
For Sale – 100% shares in a business to business online forum…
It is sometimes overlooked but it is very important for financial decision makers to know their credit score and also be aware of the factors which affect it. It has been reported recently that many firms never check their firms credit score with smaller firms being the most likely culprits! It is worth noting those […]
Merry Christmas from all at Redman Nichols Butler…. Our offices will be open as normal over the festive period with the exception of Christmas Day, Boxing Day and New Years’ Day. If you do need advice over the festive period then please either call John Butler on 01377 257788, 01724 230060 or 01904 520116 to […]
Accelerated Payment Notices – HMRC is clamping down on tax avoidance…. H M Revenue and Customs have issued their first batch of Accelerated Payment Notices (“APNs”) to people who have used tax avoidance schemes. APNs are issued by HMRC to taxpayers who have used tax avoidance schemes. The APNs give taxpayers 90 days to pay […]
Director disqualified…again!!! A director has been disqualified for acting as a director of a limited company whilst already disqualified. Mr Michael Smith was disqualified as a director in April 2011 but despite the disqualification he continued to act as a director of a company whilst disqualified without the leave of court. Mr Smith’s co-director was […]
Does every little help? The price war with the supermarkets is being blamed for the increase in the number of food producers entering into formal insolvency procedures. The number of liquidations for the last twelve months has fallen by around 10%, however, the number of food companies entering into an insolvency process has risen by […]
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