The UK's largest water supplier, Thames Water, is currently battling with competing debt rescue proposals that could determine its financial future. With a staggering £15bn debt burden and shareholders reluctant to inject more capital, the company...
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Recent £150 Million Judgment Highlights Risks for Company Directors In a ground-breaking decision this August, the English Court has set a new precedent for how trading misfeasance claims are to be assessed. This ruling has significant...
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In a reminder of the consequences of misusing pandemic support funds, Richard Oliver, former director of Exact Data Trading Co. Ltd, has been banned for 15 years - the maximum period allowed under the law. This severe penalty comes after Oliver...
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An investment scheme fraudster located in Derby was recently subjected to 15 years of Bankruptcy Restrictions in order to keep the public safe from any further damage. Between 2011 and 2016, 60-year-old Andrew Bird deceived 13 separate parties in...
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The government has announced that the Autumn Budget 2024 will be delivered by Chancellor of the Exchequer Rachel Reeves on Wednesday 30 October 2024. The first Budget from the new Labour government is anticipated to announce some substantial...
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One way to deal with personal debts is to apply for a Debt Relief Order (DRO) which are not particularly well-known but can offer a helpful solution for those with relatively low levels of debt and few personally-owned assets. As always, seek...
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A former director has been banned from being a company director for 14 years after the Insolvency Service found he had taken £57 million from investors in an unlawful care home investment scheme. Robin Forster was a director at Qualia Care...
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The number of registered company insolvencies in July 2023 was 1,727, 6% lower than in the same month in the previous year (1,831 in July 2022). This was higher than levels seen while the Government support measures were in place in response to the...
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What is an MVL? A Members' Voluntary Liquidation (MVL) is a formal process used in the United Kingdom to wind up a solvent company. Unlike a Compulsory Liquidation or a Creditors' Voluntary Liquidation (CVL), where the company is insolvent and...
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Isobel Brett provides comment for Financial Accountant on bounce back loans
Posted By: Bretts Business Recovery Ltd on 19th March 2024
Isobel Brett was featured in a recent article in Financial Accountant looking at the worrying number of bounce back loans issued to struggling SMEs by the Government, which may never be re-paid or were potentially mis-used. The article considers...
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