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A guide to business liquidation processes
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 [...]
Was 1st October 2021 a game-changer for business?
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 [...]
Government reduces yet more temporary measures to support businesses from insolvency
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
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 [...]
Bounce Back Loans: A Guide for Directors
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?
How can a business protect itself from insolvency? Poppleton and Appleby partner, Stephen Wainwright discusses in his latest blog.
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.
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 [...]
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.
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 [...]