by Paul Brindley | Apr 10, 2020 | Advice to Directors, Alternatives to formal insolvency, Coronavirus
If your priority right now is to survive in the short term so that you hopefully have a business going in to the long term, this blog is for you. Buying Time In the short term, the here and now, the short-term survival of your business means taking emergency measures...
by Paul Brindley | Apr 8, 2020 | Coronavirus
Today, 8 April 2020, The PRA has issued a letter modifying the minimum provisioning requirements on Credit Union loan debts in order to reduce some of the pressure credit unions are experiencing as a result of CV19 . This rule change is said to apply until 31...
by Paul Brindley | Apr 4, 2020 | Administration, Advice to Directors, Alternatives to formal insolvency, Coronavirus, CVAs, CVLs
If you are a director and/or a shareholder of a limited company that is struggling to cope with this CV19 crisis – and frankly who isn’t? – perhaps you should think about looking at my one page summary of your formal and informal options,...
by Paul Brindley | Mar 31, 2020 | Advice to Directors, Coronavirus, CVLs, Upsettable Transactions
We are in very difficult times, where I suspect many companies are insolvent on a cash flow basis, unable to pay their suppliers on time. Although the government are intending to bring in a law to relax the rules over wrongful trading, the detail hasn’t been seen so...
by Paul Brindley | Mar 29, 2020 | Coronavirus
Birmingham Chamber have prepared and are regularly updating a pdf that summarises the support being provided to businesses to help them survive the CV outbreak – what’s live, what’s coming, how do people access it. It’s the best summary...
