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Throughout the last year the government has set out a range of measures to help businesses struggling due to the coronavirus pandemic, including the Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme. The schemes are now closed to new applications, however the government has recently announced it will provide more support for businesses…

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In May 2020, the Chancellor of the Exchequer Rishi Sunak introduced the Bounce Back Loan Scheme. The scheme was designed to help small to medium businesses that were struggling financially due to the Covid-19 pandemic. Applications for the scheme were closed in March 2021, yet in the time they were open thousands of businesses took…

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The past year has been difficult and challenging for thousands of businesses across the UK. With many experiencing the knock-on effects of the COVID-19 pandemic and subsequent lockdowns and restrictions. Many businesses have experienced a loss of income. Have had to close altogether or drastically change the way they operate amidst a tough financial climate.…

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If your business is struggling financially there are several options open to you. From liquidation, which closes the company altogether, to options for business rescue. The goal of business rescue is to return a company to profitability. This is typically carried out and overseen by a licensed Insolvency Practitioner who genuinely believes the business can…

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In January 2021 the UK entered its third national lockdown due to the COVID-19 pandemic which has now been impacting daily life and businesses across the UK since March 2020. Amidst restrictions, the past year has been challenging and has badly impacted thousands of businesses across the country. Chancellor Rishi Sunak has now promised a…

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