Dissolution Loophole is Set to be Closed
UK Law makers are looking to close a legal loophole which currently allows company directors to dissolve their insolvent company rather than put it into a formal into insolvency; potentially…
As a Company Director, Am I Entitled to Redundancy Pay if my Company is Insolvent?
Company directors who are on the company payroll are normally eligible to claim for statutory redundancy pay when their company goes through insolvency, but many don’t simply because they aren’t…
A Round-Up of All COVID-19 Business Support Schemes
The contents of the Budget 2021, announced by the Chancellor earlier this month, will have brought positives and negatives for everyone. One strong theme, though, was the continuation of emergency…
Rishi Sunak announces more flexible loan repayment options, benefitting more than 1.4M small businesses nationwide
Throughout the COVID-19 pandemic, the UK government has offered various financial aids for businesses struggling during these uncertain times, as we discussed previously. One such aid is their Bounce Back…
December Sees Rise in Corporate and Personal Insolvencies, Despite Government Support
According to official figures released earlier this month, company insolvencies in England and Wales are on the rise for the first time since these countries were hit by the Covid-19…