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?2020-11-26T10:38:53+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 20212020-11-05T15:28:35+00:00

Protect and preserve your business

Protect and preserve your business The pandemic continues.  Comments from Allan Cadman, Partner at Poppleton & Appleby and North West Chair at R3. Seven months in and just a few weeks after a brief sense of light relief, we are now plunged back into an as yet, unknown period of severe restrictions on the fundamental freedoms that we ordinarily take for granted. A total of 7.8 million people and rising across the north of England are now in the highest alert level, not to mention the lockdowns affecting our Celtic friends and neighbours. This will give no comfort to the [...]

Protect and preserve your business2020-10-26T15:09:43+00:00

Changes announced by the Corporate Insolvency and Governance Bill

A major reorganisation and enhancement of UK Insolvency legislation was already being considered long before Coronavirus became a familiar term and the consultation process around the shape of new legislation has in fact been launched only recently within the Insolvency, Turnaround and Financing business community. However, as a responsive need at the outset of Lockdown in the UK, the Government announced some surprising temporary measures that were all intended to minimise the commercial impact of the lockdown and support businesses that might otherwise feel compelled to shut up shop permanently when faced with the challenges it presents. The measures were [...]

Changes announced by the Corporate Insolvency and Governance Bill2020-05-28T15:46:13+00:00

What does COVID-19 mean to you and your business?

We are aware that following the COVID-19 pandemic the business world has changed, with many saying it has changed forever. The normal working week for many businesses now includes remote working, in particular operating from home and juggling many other demands in the process. As far as businesses are concerned, one of the overriding concerns is the possibility of a world recession and, if that is the case, how long it will last and how damaging the impact is likely to be. The reality is, no one really knows. The only certainty is that one way or another, the last [...]

What does COVID-19 mean to you and your business?2020-05-12T11:06:38+00:00

Update for Coronavirus Job Retention Scheme

Update for Coronavirus Job Retention Scheme To ensure we are providing you with as much support and information regarding the  Government’s Coronavirus initiatives, here are the latest updates regarding the Coronavirus Job Retention Scheme (CJRS) for furloughed employees.  Chancellor Rishi Sunak in yesterday’s briefing confirmed that all furloughed payments will be paid by the end of April, with all applications to be made online through a government portal, which is set to open on the 20th April.  Applications should be made by whoever operates your PAYE scheme, either yourself as the employer or the third party who does it on [...]

Update for Coronavirus Job Retention Scheme2020-04-16T08:37:50+00:00

Insolvency: “The warning signs”

There are a number of warning signs that a company is in financial distress and action is required. Insolvency isn’t always avoidable but the chances of doing so are always improved if action is taken early and rapidly to give the company the greatest opportunity of trading its way out of difficulty. The warning signs can be singular but usually accumulate in a financially poisonous cocktail and it is important that directors and company accountants are prepared to recognise them. Creditor Action Many companies and businesses occasionally miss payments; however, if this begins to occur frequently, it suggests that a [...]

Insolvency: “The warning signs”2019-08-01T13:00:44+00:00

What are my rights as an employee if my employer is insolvent?

If your employer is insolvent and enters Liquidation, Administration or a Company Voluntary Arrangement (CVA), it will probably have an impact on your employment status. Your first concerns are likely to be around whether you still have a job, whether you will still be paid and how to make sure your rights are protected. The first thing to have in mind is that all employees have special rights. If your employer is unable to pay you because they have become insolvent, then you are entitled to make a claim on the National Insurance Fund (NIF) - a process administered by [...]

What are my rights as an employee if my employer is insolvent?2019-07-17T09:53:39+00:00