There’s a common misconception that where land has the prospect of planning gain, some or all of that gain may be sheltered by a transfer to a third party, even towards the end of the process.
The Bounce Back loan (BBL) scheme was introduced to support businesses during the COVID-19 pandemic. We set out some considerations for companies that have taken out Bounce Back loans and subsequently enter liquidation, including whether there is personal liability for directors.
A ‘preference’ occurs when a company facing insolvency puts a specific creditor, or group of creditors, into a better position than the other creditors. A director could face personal liability if a preference has been made, which could result in the director being disqualified.
James Lay shares his latest tips for selling a business with a focus on sales and marketing. Whether you’re looking to sell your business or not, the chances are that as a business owner, you want to make more sales and make greater profits. James sets out five areas to focus on to get your business “sale ready” and differentiate yourself from the competitors.
James Lay's latest tips for selling a business include people as a key resource and the importance of looking after your teams, who in turn will look after your customers, who in turn will look after your business.
On 16 June 2021, the UK Government announced that they are in the process of extending certain insolvency measures. The current company insolvency restrictions on statutory demands and winding-up petitions will remain in force for a further three months until 30 September 2021.
