Companies

Charities

Image for antler luggage packs face covid 19

Business | Antler luggage packs up in face of Covid-19

Will Wright and Steve Absolom, partners from KPMG’s restructuring practice, have been appointed joint administrators to well-known luggage supplier Antler, which has collapsed with the loss of up to 200 jobs

20 May 2020

Restructuring & Insolvency

Image for covid 19 pensions accounting just got lot harder

Business | Covid-19: pensions accounting just got a lot harder

Volatility and growing gaps between pensions funding and accounting call for improved communication and engagement on all sides to avoid unwelcome surprises, says Phil Cuddeford, partner at pensions adviser LCP

20 May 2020

Pensions

Image for covid 19 unemployment soared 21m april

Business | Covid-19: unemployment soared to 2.1m in April

The number of people claiming unemployment benefit in the UK soared to 2.1m in April, the first full month of the coronavirus lockdown, the highest level since 1996

19 May 2020

Careers

Leadership & Management

Image for covid 19 business loan scheme extended ps200m

Business | Covid-19: business loan scheme extended to £200m

The government has extended the maximum loan size available through the coronavirus large business interruption loan scheme (CLBILS) from £50m to £200m, but with restrictions placed on dividend and bonus payments by borrowers

19 May 2020

Image for covid 19 business disruption and frustration contracts

Business | Covid-19: business disruption and frustration of contracts

Many businesses will be looking at their contracts to check whether the pandemic can be used as a reason for failure to delivery or receive goods and services, but much will depend on how these contracts were originally constructed, says Gately Legal’s Rustam Roy

19 May 2020

Business | HMRC to launch Coronavirus Statutory Sick Pay Rebate Scheme

HMRC will launch an online service on May 26 for small and medium sized employers to recover Statutory Sick Pay (SSP) payments they have made to their employees

19 May 2020

Image for covid 19 fca seeks business interruption insurance ruling

Business | Covid-19: FCA seeks business interruption insurance ruling

The Financial Conduct Authority (FCA) is urging SMEs who have experienced difficulties making claims under business interruption (BI) insurance policies during the pandemic to join its test case challenging insurers’ decision making

18 May 2020

Image for dear ceo regulatory warning letters hit high

Business | ‘Dear CEO’ regulatory warning letters hit a high

A record number of warning letters were sent to the CEOs of regulated companies by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) last year, with numbers up by a fifth according to research by BDO

18 May 2020

Image for covid 19 hmrc inheritance tax pause opens opportunity

Tax | Covid-19: HMRC inheritance tax pause opens opportunity

HMRC’s suspension of its inheritance tax investigations during the coronavirus crisis gives taxpayers an opportunity to get their affairs in order, said Pinsent Masons

18 May 2020

Finance | Covid-19: new insolvency rules will ease wrongful trading woes

As the government reveals new insolvency rules to help more businesses avoid entering an insolvency process and weather the Covid-19 storm, Kate Rogers of Radcliffe Chambers looks at how they will affect struggling businesses

18 May 2020

Business | Covid-19: over-55’s exposed to pension scams

Taxpayers over 55 looking to supplement their income during and after Covid-19 by accessing their pension pots could be leaving themselves increasingly susceptible to scams, RSM has warned

15 May 2020

Pensions

Image for efl football clubs suffer most financial distress

Business | EFL football clubs to suffer most financial distress

Just a handful of British clubs were in peril before the shutdown but majority now face unprecedented financial distress in wake of coronavirus pandemic, according to Begbies Traynor

15 May 2020

Restructuring & Insolvency

Image for covid 19 ps16bn package transport london

Business | Covid-19: £1.6bn package for Transport for London

The government has agreed a £1.6bn funding and financing bail-out package for Transport for London (TfL), which operates the capital’s tube and bus network, in order to safeguard operations and support gradual recovery from the Covid-19 crisis

15 May 2020

Image for regulator opens second inquiry connected birmingham charities

Business | Regulator opens second inquiry at connected Birmingham charities

The Charity Commission has opened a new statutory inquiry and appointed an interim manager at the Al-Hijrah Trust, which is connected to another charity with the same name, over concerns that charity properties are at risk

15 May 2020