COVID-19: UK businesses owed more than £133 billion since lockdown began

Posted on June 24, 2020 Posted in - Accountancy, Accounting, Blog, Business, CBILS Loans, Covid-19, Covid-19 Economy, COVID-19 Updates, covid-19-update, Economy, Family Businesses, Finance, Loans, Reliefs & Deferrals, SME, SMEs, SMEs / Business

UK businesses are owed more than £133 billion since the lockdown measures began in March, with the average business waiting on £148,917 for work that was completed before the lockdown. Read more…

COVID-19: Government’s Bounce Back Loan Scheme distributes £23 billion in finance

Posted on June 17, 2020 Posted in - Blog, Business, CBILS Loans, Covid-19, Covid-19 Loans, Covid-19 Loans, Grants and Deferrals, covid-19-update, Family Businesses, Finance, Loans, Reliefs & Deferrals, SME, SMEs, SMEs / Business

The Government’s Bounce Back Loans Scheme has provided more than £23 billion in finance to more than 780,000 businesses, according to the latest research. Read more…

New Corporate Insolvency and Governance Bill to extend accounting deadlines

Posted on May 22, 2020 Posted in - Accountancy, Accounting, Blog, Business, Covid-19, Covid-19 Economy, Covid-19 Insolvency, COVID-19 Updates, covid-19-update, Economy, Family Businesses, Finance, Grants and Deferrals, HMRC, Insolvency, Loans, SME, SMEs, SMEs / Business

The new Corporate Insolvency and Governance Bill will help maximise your business’ chance of survival throughout the coronavirus pandemic, it has been suggested. Read more…