February 24th 2021
Commercial rents typically represent a significant expense for businesses, and coronavirus created such economic devastation that, in 2020, the government introduced a moratorium on lease forfeiture by commercial landlords.
February 23rd 2021
With the economy continuing to be negatively affected by coronavirus, the government has enabled Bounce Back Loans to be topped-up in order to further support smaller businesses in the UK.
January 14th 2021
The Coronavirus Business Interruption Loan Scheme, or CBILS, has offered a valuable source of emergency finance for businesses during the coronavirus pandemic. Backed 80% by the government, the fundin…
December 11th 2020
Government Bounce Back Loans saw huge take-up in 2020 and repayments will soon begin. But what happens if a company is insolvent and can't pay it back?
September 28th 2020
Under emergency legislation included in the Coronavirus Act 2020, forfeiture of commercial leases for unpaid rent was temporarily suspended.
September 24th 2020
Rishi Sunak, Chancellor of the Exchequer, unveiled the Winter Economy Plan to support businesses and employees during the coronavirus pandemic.
July 13th 2020
The Coronavirus Job Retention Scheme (CJRS) was the standout measure among the raft of initiatives introduced by the government in the wake of the Covid-19 pandemic.
June 5th 2020
A combination of spending more time at home coupled with the warm weather so far this spring, has led to many enjoying their gardens more than ever before. When garden centres re-opened recently therefore, they were greeted with huge queues as people rush
May 12th 2020
On a day where the Chancellor of the Exchequer announced an extension to the inaugural Job Retention Scheme until the end of September 2021 – which will see the government continue to cover up to 80…
April 29th 2020
Long after the physical health risks of Covid-19 have passed, the economic risks will still likely be felt. With the country currently under government-enforced lockdown measures, many businesses have…
April 29th 2020
The latest Football Distress Report hinted at a bright future for football clubs in Scotland. Published last year by Begbies Traynor, the report showed that for the first time in six years there were …
April 28th 2020
As we overcome the peak of the Covid-19 pandemic, the financial implications to businesses continues. As our Red Flag Alert statistics show, there are over half a million businesses in significant…
April 14th 2020
Help for Businesses Affected by COVID-19
April 9th 2020
In the face of this challenging environment, the UK government has introduced an unprecedented combination of measures to support businesses. One of these, for larger companies, is the COVID Corporate…
April 7th 2020
A Company Voluntary Arrangement (CVA) could be an option
April 3rd 2020
Companies across the UK are dealing with unparalleled challenges as the enforced closure of premises and strict social distancing measures slam the brakes on business as we know it in the wake of the …
March 31st 2020
New Insolvency measures to support businesses affected by COVID-19
March 30th 2020
Business Secretary, Alok Sharma, announces temporary suspension of wrongful trading insolvency regulation to protect coronavirus hit businesses.
March 25th 2020
Following calls to help those in rented accommodation to weather the financial impact of the coronavirus outbreak, the government recently announced new legislation to protect tenants from facing eviction from their property for the next three months.
March 24th 2020
Cash flow is the lifeblood of any business, and certainly in the short term more important than profitability.