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Unfortunately many companies face the daunting prospect of insolvency, and if this happens to your business, you need to ensure that everything is done correctly during the liquidation process and beyond. If you suspect that your company is insolvent, i.e. it can no longer pay its debts as they fall due or its liabilities exceed…

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The BBC, together with banking group TSB, conducted a recent poll which revealed that many businesses have taken on significant amounts of debt during the pandemic. And that many are in great need of flexible repayment solutions to rebuild their revenues and steer away from an unsustainable debt crisis. This poll highlighted that around 42%…

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The construction sector has seen its steepest decline in regards to the number of people employed since 2010. Employment dropped by 83,000 in the second quarter of the year, from the start of April to the end of June, according to data from the Office for National Statistics (ONS). Hundreds of planned cuts The drop…

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Many industries have been hit hard during the COVID-19 pandemic, suffering a number of company failures, insolvencies and emergency re-financing. Now it appears that specialists in a range of sectors, including accountancy, investment banking and law, are preparing for a big wave of company insolvencies in the coming months. When the government-led furlough and loan…

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Contractors with a limited company/Personal Service Company (PSC) have been going through more than their fair share of turbulent times recently.  In the last two years contractors/PSCs have been bracing themselves for the impact of off-payroll legislation (IR35) on their lives and livelihoods, as the Government ploughed ahead with its plans to roll out the…

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