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So far Poppleton & Appleby has created 70 blog entries.

Exit Strategies Explained

A business exit strategy covers the plan for the owner of the company to either sell or reduce their share of ownership, either to investors or another business. Exit strategies can be implemented for a number of reasons, both positive and negative, including retirement or damage limitation if the company is in trouble financially. It may also be used by investors in order to plan for a cashing-out on an investment. 

Exit Strategies Explained2021-06-28T16:01:04+00:00

How to spot signs of customer or supplier insolvency

How to spot signs of customer or supplier insolvency Despite the total number of corporate insolvencies in Q1 2021 (January to March) decreasing by 22 per cent from Q4 2020, the withdrawal of Government support schemes in the next few months will likely lead to an increase of pressure on struggling businesses. The knock-on effects of suppliers or customers entering insolvency procedures can be potentially disastrous for any business. If issues are not addressed quickly with a business plan swiftly put into place, customer or supplier insolvency can disrupt supply chains or even grind them to a halt. You must [...]

How to spot signs of customer or supplier insolvency2021-06-11T09:44:12+00:00

New powers to tackle unfit directors of dissolved companies announced

Under a new bill “Ratings ( Coronavirus ) and Directors Disqualification (Dissolved Companies ) Bill”,  the Insolvency Service will have retrospective powers to investigate Directors who have abused the Government support Schemes.

New powers to tackle unfit directors of dissolved companies announced2021-05-19T09:50:20+00:00

All you need to know about the Recovery Loan Scheme

All you need to know about the Recovery Loan Scheme The government has revealed new statistics to show how the Government-backed loans have supported businesses through the pandemic - including the Bounce Back Loan scheme, which provided a loan roughly every 20 seconds since its launch last May. The recent announcement from HM Treasury stated that: Three Bounce Back Loans were issued every minute since May 2020 launch Emergency loans provided almost £180 billion in total since March 2020 The Covid Corporate Financing Facility (CCFF) scheme alone supported firms responsible for 2.5 million jobs Government-backed loan figures Loan Type Value [...]

All you need to know about the Recovery Loan Scheme2021-03-30T12:11:45+00:00

Alternative business funding – what to consider?

Alternative business funding – what to consider? A number of the Government stimulus come to an end in March 2021 including deferred payments to HMRC for VAT, and Corporation Tax etc. which will fall due for payment in March albeit these can be spread over 11 months.  These measures coincide with the winding down of the Furlough Scheme in April 2021, placing a further financial burden on many businesses. We will shortly enter a phase where traditional bank funding will become more difficult to secure. The market to re-bank a business with another high street bank will become increasingly difficult.  [...]

Alternative business funding – what to consider?2021-03-22T12:47:42+00:00

Remember Brexit?

Remember Brexit? Comments from Charles Brook, Partner at Poppleton & Appleby. For most of the UK population, Brexit will seem like last year’s big deal in the swell and the wake created by COVID-19. Indeed, with all of the economic and social damage created by Coronavirus and the impact that will be experienced for potentially years to come, some may wonder why we should get all heated up again over Brexit which you might be forgiven for thinking cannot possibly make matters worse.  This, however, would be wrong. If Britain doesn’t affect a structured Eurozone Trade Agreement before the end [...]

Remember Brexit?2021-03-22T13:41:49+00:00

What are accelerated payment notices?

What are accelerated payment notices and when are they used? If you find yourself on the receiving end of an accelerated payment notice (APN) from HMRC, it can seem daunting. First things first, do not panic. Below, we have put together some answers to frequently asked questions that may help. So, what is an APN (accelerated tax payment notice)?  An accelerated payment notice (APN) is a notice that a taxpayer with an ongoing tax or National Insurance contributions (NICs) issue may receive from HMRC (typically following their involvement in a tax scheme). The demand requires the taxpayer to pay the [...]

What are accelerated payment notices?2021-05-27T15:34:45+00:00

Connection:20 Business resilience in a COVID world

This week we will be hosting our Connection:20 online webinar, Business resilience in a COVID world. As businesses continue to navigate through the challenges and changing environment imposed by COVID19, Sheards Accountants are hosting a series of Connection:20 events online, to share experiences and offer support. Our Partner, Charles Brook, will be hosting this week's session, which will be taking place on Wednesday 11th November from 12 pm-1 pm. The session will cover: Business confidence pre-COVID Can we rely on anything to help us plan? Directors obligations and financial risk management in a COVID World Preparing for a post-COVID way [...]

Connection:20 Business resilience in a COVID world2021-03-22T13:49:49+00:00

Coronavirus Job Retention Scheme extended to March 2021

Coronavirus Job Retention Scheme extended to March 2021 The latest update from Rishi Sunak confirms the government has chosen to extend the furlough scheme until the end of March 2021 as the second wave of the pandemic and increase in lockdown measures threaten to drive business uncertainty and unemployment. On Saturday 31 October, it was announced that the government were extending the Coronavirus Job Retention Scheme to support businesses and individuals through the next phase of response to the pandemic. However, following the first extension announcement, it has been decided that further extension to the furlough scheme and increasing support [...]

Coronavirus Job Retention Scheme extended to March 20212021-03-22T14:02:44+00:00