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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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Invoice discounting, also known as invoice factoring or accounts receivable factoring, is a form of finance used by many small businesses to make available a portion of their cash flow quickly. It does this by allowing small businesses to leverage their accounts, specifically their unpaid invoices, into available capital, facilitating item purchases, business expansion, and…

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Due to the Covid pandemic, the government implemented a programme enabling businesses to suspend employees, while keeping them on the payroll. The programme was called the Coronavirus Job Retention Scheme (CJRS)…better known as ‘furlough’. The CJRS was first rolled out in March 2020 to avoid mass redundancies and help businesses to survive the unprecedent times.…

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Any company director who has taken out a loan will need to understand what a debenture is and how this works if the company becomes insolvent. A debenture is an important document that outlines the terms and conditions of a loan. It works to offer security to the lender should the borrowing company become insolvent.…

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It’s never a good time when your business suffers financial difficulties. But when the bailiffs get involved, the entire ordeal can be made so much worse. Court-appointed bailiffs have the power to seize certain assets for debt repayment, a fate any business would dread. One of the first assets up for consideration is your vehicle.…

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