New insolvency laws will push banks with claims against insolvent companies to the front of the queue, over-riding the new moratorium on creditor actions, say accountants Mercer & Hole. Chris Laughton, a corporate restructuring partner at Mercer & Hole explains: “The Corporate Insolvency and Governance Bill, which is expected to receive Royal Assent this week, […]
Emerging Payments Association (EPA) – Open letter Maha El Dimachki Head of Payments Financial Conduct Authority 12 Endeavour Square London E20 1JN, UK Dear Maha Open Letter to the FCA from the Emerging Payments Association Unfreeze Wirecard accounts as soon as safeguarded funds are proven and accessible The Emerging Payments Association (EPA) and its members […]
Trade Ledger, the global banking platform, and Equifax, the consumer and business insights expert, have announced an extended partnership for the UK market which will bid for the BCR Capability and Innovation fund. The fund is part of the RBS Alternative Remedies Package, designed to improve the financial products and services available to small and […]
North West bespoke property developer Northern Property Consortium (NPC) has agreed a deal with Yorkshire-based SME funding specialist One Stop Business Finance to push forward with its third new housing development this year valued at £750,000. The development of two bespoke four-bedroom new homes in a highly sought-after location near Hyde, Greater Manchester marks an […]
Throughout the Covid-19 crisis, small businesses have had to continually adapt their business models to survive. Many are facing untold challenges in the wake of changing consumer behaviours and supply chain disruption, while others have been able to find opportunities to adapt and grow despite the disruption. Sara Roberts, founder of Healthy Nibbles, a Scottish-based […]
With lockdown restrictions easing further in England on 4th July, large numbers of people are returning to their jobs, but many are still on furlough and unable to go to work. Rather than trying to soldier on until the crisis is over, many entrepreneurs have decided to start a new business entirely. Lockdown entrepreneurs can […]
The BRC and Opinium have been working together to track consumer behaviours and their sentiment towards coronavirus. This research has run weekly since 1st May 2020, with the latest survey taking place between 19-22 June 2020. 53% of respondents felt that retailers were doing enough to protect the public from coronavirus, with only 9% disagreeing. […]
‘Carsmile’, Poland’s biggest online platform for new car sales, has successfully supported its 2000th customer. By offering long term ‘remote only ‘ car rental to either individuals or small companies, it has grown rapidly despite traditional car dealerships reporting sharp declines in sales due to the pandemic crisis. This start up, celebrating only its second […]
The big question on everyone’s lips right now is will the Chancellor Rishi Sunak cut VAT to stimulate spending and boost the post-coronavirus economy? Steve McCrindle, VAT Partner with Haines Watts discusses some of the implications for business owners. During the last economic recession, we saw reductions in the standard rate of VAT and that […]
New insolvency laws introduced today are likely to fundamentally change the relationship between businesses and their suppliers resulting in shorter supply contracts, say accountants Mercer & Hole. The Corporate Insolvency and Governance Act introduces new restrictions that will force suppliers with long-term supply contracts to continue to supply a business in formal insolvency procedures even […]
