Following the two year anniversary of the introduction of the Bounce Back Loans, the Government has released two Fact Sheets to provide complete clarity to Directors on the conditions of loans and the terms of repayment.
We have a full-time position available for an experienced insolvency caseworker to join one of the UK’s longest established insolvency and turnaround practices. Poppleton & Appleby’s trans-Pennine practice operates as a unified business but with a full-service offering in both Huddersfield and Manchester offices, each under the control of locally resident Licensed Practitioner Partners. This role is based in our Huddersfield office where the successful candidate will work with a small team of associates in close collaboration with the office Director and the local Partner and have the opportunity to work on and manage a mature caseload, as well as [...]
As we enter a brand new year, now is the perfect time to reflect on the peaks and troughs of the last 18 months, and look to what the next 12 months could hold for your business. It's safe to say no business could have predicted the impact COVID and the pandemic would have, from both a personal and economic perspective, but with more restrictions lifting every day, it's important that businesses look to the future and plan on how to bounce back in 2022. In December 2021 the Bank of England increased rates from 0.1% to 0.25%. With demand [...]
A guide to business liquidation processes With the recent pandemic causing unprecedented interruption to businesses across the UK and worldwide, our partner and North West Chair for UK's insolvency trade association R3, Allan Cadman, has explained the different processes of liquidation to help support business directors and shareholders during this difficult time. What is liquidation? Liquidation is the process, in simple terms, of disposing of a business‘s assets, turning them into cash for ease of equitable distribution amongst stakeholders. This usually occurs at the end of the life of a business or when hands are forced by an insolvent position. [...]
Was 1st October 2021 a game-changer for business? Comments from Stephen Wainwright, Partner at Poppleton & Appleby. The Institute of Directors reported at the start of the month that their members are reporting confidence for the future, however, the financial outlook has declined back to levels not seen since the height of the third lockdown in March 2021. At the same time, several Government support schemes are being wound down, which will cause many business leaders great worry and concern going forward. The Furlough scheme ended on the 30th September 2021 Since its introduction in March 2020, over 11.6 million [...]
A Government press release published today, confirms that temporary measures brought in to support businesses from insolvency during the pandemic will be phased out from 1 October 2021.
Supply Chains: The impact of stock shortages Comments from Charles Brook, Partner at Poppleton & Appleby. Several months ago, I commented upon the pressure that seemed to be accumulating across various industry supply chains. The causes were numerous, but different sectors attributed it severally to Brexit, the pandemic, social trends, and general economics. A repetitive media topic ahead of Brexit was the anticipated impact upon the cross-border mobility of key personnel in agriculture, transport, construction, hospitality, and health, but there was less emphasis on the likely effect on materials supply. Now, as the UK economy continues to open up after [...]
At the outset of the pandemic, the UK treasury announced a series of measures aimed at protecting the business community from the full natural effects on businesses of lockdowns, enforced closures and other restrictions to trade.
How can a business protect itself from insolvency? Poppleton and Appleby partner, Stephen Wainwright discusses in his latest blog.
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.
