Restructuring COVID-19: OPTIONS AND PROTECTION AVAILABLE TO COMPANIES IN DISTRESS 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. Company voluntary arrangements ("CVA") - A valuable restructuring tool in a post pandemic world CVA’s are often associated with large multi-site retailers seeking to restructure shop-lease portfolios however they are much more than this. Strategies to help businesses prepare for post lockdown 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. Strategies to help businesses prepare for post lockdown 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. Improving your credit score Any organisation or individual requiring credit should be aware of how they will be assessed for credit risk. One of the tools used by any potential lender or supplier will be the borrower’s credit score also known as a rating. A borrower may not know what their score is from one day to another but should be aware of how it is assessed and viewed. Improving your credit score Any organisation or individual requiring credit should be aware of how they will be assessed for credit risk. One of the tools used by any potential lender or supplier will be the borrower’s credit score also known as a rating. A borrower may not know what their score is from one day to another but should be aware of how it is assessed and viewed. COVID-19: INSOLVENCY MEASURES & THE PRACTICAL IMPLICATIONS 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. COVID-19: INSOLVENCY MEASURES & THE PRACTICAL IMPLICATIONS 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. Business in decline? – Signs to prompt early action 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. Duncan Swift becomes president of insolvency and restructuring trade body R3 Duncan Swift, Corporate Advisory Services Partner and Head of the Food Advisory Group at Moore, has been appointed president of insolvency and restructuring trade body R3. Government insolvency ‘cash grab’ ‘frustrating and misguided’ – R3 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. Accountants Moore add to growing restructuring and insolvency team As part of its commitment to broaden services and to meet increasing client demand, Chris Tate FCA, has joined Moore (South) LLP’s leading Restructuring and Insolvency team as a director. Accountants Moore add to growing restructuring and insolvency team As part of its commitment to broaden services and to meet increasing client demand, Chris Tate FCA, has joined Moore (South) LLP’s leading Restructuring and Insolvency team as a director. What will be in the Budget on 22 November? Philip Hammond will present his second Budget on 22 November. What principles will guide his decisions, and what tax measures will be the result? What will be in the Budget on 22 November? Philip Hammond will present his second Budget on 22 November. What principles will guide his decisions, and what tax measures will be the result? 75% surge in insolvency rates for young men, rising three times faster than young women Insolvency rates among young men are rising three times faster than amongst young women, having increased by 75% amongst men under 25 in 2016 alone*. Insolvency service continues clampdown on debtors’ irresponsible behaviour The Insolvency Service is clamping down on individuals who are disposing of their assets irresponsibly when facing financial stress, rather than paying back their debts. Anyone for a wall? The Restructuring & Insolvency team are delighted to announce that Duncan Swift, a partner at Moore, has been appointed Deputy Vice President of R3, the insolvency and restructuring trade body with effect from 7 July 2017. Anyone for a wall? The Restructuring & Insolvency team are delighted to announce that Duncan Swift, a partner at Moore, has been appointed Deputy Vice President of R3, the insolvency and restructuring trade body with effect from 7 July 2017. The Domino Effect The insolvency profession and the digital age The Domino Effect The insolvency profession and the digital age