Over 6,000 Licensed Premises closed in the UK during 2023, and the trend is continuing into 2024.

Posted 29th February 2024 by Craig in

Insolvency Practitioners

Over 6,000 Licensed Premises closed in the UK during 2023, and the trend is continuing into 2024.

UK Hospitality is calling for 3 Key actions to support the hospitality industry. But how can Insolvency Practitioners help already struggling businesses?

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Budget March 6th 2024 – Is the clock ticking for Business Asset Disposal Relief?

Posted 20th February 2024 by Craig in

Business Asset Disposal Relief

Budget March 6th 2024 – Is the clock ticking for Business Asset Disposal Relief?

Business Asset Disposal Relief (BADR) is still available for Members’ Voluntary Liquidations. Take advantage of the 10% tax rate.

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The Government is continuing with its hard line against Bounce Back Loan (BBL) fraud and misuse

Posted 15th February 2024 by Craig in

Bounce Back Loans

The Government is continuing with its hard line against Bounce Back Loan (BBL) fraud and misuse

Suspended prison sentence and £10,000 repayment compensation order for businessman

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Creditors Voluntary Liquidations (“CVL”) grew by 9% in 2023, reaching the highest figure since records began. What are the advantages of a CVL?

Posted 31st January 2024 by Craig in

Creditors Voluntary Liquidation

What are the Advantages of a Creditors Voluntary Liquidation (“CVL”)?

With record levels of CVLs in 2023, it is worth knowing that there is more to a CVL than the removal of creditor pressure, the prevention of legal action and the clearing of unsecured debt. Plus, a CVL does not necessarily mean a director will never work again.

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