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In response to the economic effects of the Coronavirus pandemic, the U.K government implemented the Bounce Back Loan Scheme (BBLS). This scheme aimed to ease the financial pain suffered by companies, offering loans to help them through the worst of it. While Bounce Back Loans were incredibly useful for some companies, allowing them to cover…

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As a means to help companies through the worst of the Coronavirus pandemic, the government implemented the Bounce Back Loan Scheme (BBLS). This scheme offered companies a financial safety net, providing those small businesses that were hit the hardest a chance at making it through to the other side. Although this scheme was enough to…

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In life and in business, the first step to moving on is learning how to cut your losses and let go. For businesses struggling to make ends meet, liquidation can be the only clear path forward. Usually, companies go into liquidation when they cannot pay their bills due to cash flow insolvency. It can also…

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Closing a company can be a fairly complicated endeavour at the best of times. There are many rules to follow and obligations to meet, with more being added into the mix depending on circumstance. One such addition that can change the process is a Bounce Back Loan. The Bounce Back Loan scheme was implemented to…

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Thousands of businesses across the UK have taken out a government-backed Bounce Back Loan as part of the Chancellor’s scheme designed to help small to medium sized businesses that have been impacted by the Covid-19 pandemic. However, as the time comes for businesses to start paying back the loan, many are facing further struggles and…

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