In April 2021, the government launched a new loan scheme to help businesses recover from Covid-19. In partnership with a number of financial institutions, the Recovery Loan Scheme (RLS) helps companies that have been affected by Covid-19 with funds being made available to assist them with cash flow, investment in equipment or staff and business …
Is My Business Eligible for the Recovery Loan Scheme? Read More »
Perhaps surprisingly, considering the country’s business sector forced into lockdown situations and taking the Government’s hand of financial support, the number of insolvencies to date has remained lower than expected. That’s not to say we won’t see more insolvencies over the coming months as the financial support ends and the companies that were in trouble …
A Practical Guide to Restructuring and Corporate Recovery in the UK Read More »
When solvent companies are being closed through a Members’ Voluntary Liquidation (MVL) process, the directors are able to claim back money through the Business Asset Disposal Relief (BADR) as a way of mitigating how much Capital Gains Tax (CGT) is paid. Formerly known as Entrepreneurs Relief, which was introduced in 2008 to replace Business Asset …
What is Business Asset Disposal Relief and How Often Does it Work? Read More »
Different countries worldwide have their own insolvency and bankruptcy law but they don’t differ that much from the UK’s legal rules in respect of insolvency and bankruptcy. The two principal objectives of insolvency and bankruptcy law are shared by most countries – the allocation of risk in a predictable, equitable and transparent manner, and to …
What’s the Purpose of Insolvency and Bankruptcy Law? Read More »
Currently, there are approximately 1,600 licensed insolvency practitioners (IPs) licensed and registered in the UK. The majority of IPs work for legal or accountancy firms, or for a dedicated business recovery and insolvency practice. The role of an insolvency practitioner involves more than just liquidating solvent and insolvent companies. They are also very much involved …
Insolvency Practitioner and Business Recovery Professionals Read More »
There are about 1,600 licensed insolvency practitioners (IPs) in the UK; that doesn’t include the support staff in the background that assist the UK’s IP in providing comprehensive, professional and highly-experienced insolvency practitioner services for businesses across the country. But IPs don’t just deal with liquidating companies; they are also business recovery professionals, i.e. helping …
Business Recovery and Insolvency Practitioner of the UK Read More »
As of 2021, there are around 1,600 licensed insolvency practitioners (IPs) in the UK; that doesn’t include the thousands of support staff in the background that help every single one of the UK’s IP in providing comprehensive, professional and highly-experienced insolvency practitioner services for businesses and individuals across the country. But what is involved in …
An Overview of Insolvency Practitioner Services in the UK Read More »
Businesses can at times face financial difficulties including cash flow issues, large debts and potentially on the verge of insolvency. Firstly, don’t panic. Secondly, get advice from a business recovery services expert on how to deal with business debt and restructuring the company to turn it around. What is business recovery? Business recovery refers to …
Business Recovery Services To Protect Your Business Read More »
If your company is struggling financially and you’re not sure which direction to go, contact us to discuss your situation confidentially with one of our licensed insolvency practitioners.
If your company is struggling with a high level of debt and is in need of corporate recovery services, our team of professional, licensed insolvency practitioners at Simple Liquidation are available to discuss your circumstances and advise on the best way forward.
Simple Liquidation
