CBILS and BBLS provide financial support to smaller businesses (SMEs) across the UK that are losing revenue.

Whilst HM Government’s tougher restriction measures at the start of 2021 will continue to have an adverse impact for many people and businesses, there are reasons why the outlook for 2021 is more positive.
 

Trying to do the right thing by the company’s employees, customers, suppliers and other stakeholders whilst ensuring ongoing compliance with their fiduciary duties will be challenging, however, changes have been made to the insolvency regime to provide directors with breathing space to explore their options.

CVA’s are often associated with large multi-site retailers seeking to restructure shop-lease portfolios however they are much more than this. 

On the 19th August, it was announced by the Chancellor that there would be more grants available to help them get back on their feet from the impact of the Coronavirus crisis.

On the 19th August, it was announced by the Chancellor that there would be more grants available to help them get back on their feet from the impact of the Coronavirus crisis.

The Covid-19 measures taken by  HM Government to protect the NHS and  the UK population’s health has inevitably had an adverse impact on businesses to varying degrees. It has been a very busy few months whilst businesses have sought to adapt and safeguard their positions for the future.

The Covid-19 measures taken by  HM Government to protect the NHS and  the UK population’s health has inevitably had an adverse impact on businesses to varying degrees. It has been a very busy few months whilst businesses have sought to adapt and safeguard their positions for the future.

On Friday 19th June 2020, the government announced a planned extension to the Coronavirus Act measures to protect commercial tenants and a new code of practice for landlords and tenants. The expiry of the current restrictions (set out below) is to be extended from 30th June 2020 to 30th September 2020, giving business tenants further breathing space to negotiate with their landlord.

Directors will naturally be concerned as to their conduct during the current pandemic. Trying to do the right thing by the company’s employees, customers, suppliers and other stakeholders whilst ensuring ongoing compliance with their fiduciary duties will be challenging, however, changes are being made to the insolvency regime to provide directors with breathing space to explore their options, whilst protecting them from risk of personal liability.
 

Directors will naturally be concerned as to their conduct during the current pandemic. Trying to do the right thing by the company’s employees, customers, suppliers and other stakeholders whilst ensuring ongoing compliance with their fiduciary duties will be challenging, however, changes are being made to the insolvency regime to provide directors with breathing space to explore their options, whilst protecting them from risk of personal liability.
 

The Government announced on 28 March 2020 new insolvency measures to support businesses under pressure as a result of the coronavirus pandemic. Below, we explore below the proposed amendments to insolvency law and some of the other practical implications that have arisen due to social distancing guidance.

The Government announced on 28 March 2020 new insolvency measures to support businesses under pressure as a result of the coronavirus pandemic. Below, we explore below the proposed amendments to insolvency law and some of the other practical implications that have arisen due to social distancing guidance.

The impacts of Covid-19 are far reaching. Almost every business has been impacted to some degree. So what action can businesses take to weather the storm? There is currently a huge amount of information in the ether to absorb, so to help navigate it all, Moore South have compiled a user friendly list of measures to help businesses trade through.

The impacts of Covid-19 are far reaching. Almost every business has been impacted to some degree. So what action can businesses take to weather the storm? There is currently a huge amount of information in the ether to absorb, so to help navigate it all, Moore South have compiled a user friendly list of measures to help businesses trade through.

Late payment by large corporations is still very much rife as the balance of power remains tipped very much in the favour of the goliath.

There are multiple warning signs before a business becomes insolvent, however, these signs can be easily overlooked. Especially by directors and owners who have a very ‘hands-on’ approach when running their business. 

During the October 2018 Budget, the Chancellor announced that he would be restoring some tax debts to preferential status in corporate insolvencies which begin after 6 April 2020. There had been no consultation on this proposal, and no prior warning.