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Blog18th Sep 2023

What Does Members Voluntary Liquidation mean?

It can be a daunting time for business owners closing down a solvent business. Owners are used to having full control and dealing with all business matters, therefore understandably, we are asked many questions before and during the process of…

By Claire Smith 

Blog7th Dec 2022

Court-sanctioned SME Restructuring Plan imposes cram down of HMRC preferential debt

The High Court in London recently sanctioned a Restructuring Plan for Houst Limited despite opposition from HMRC, one of the company’s major creditors. Our Restructuring team explains the significance of the case. Restructuring Plans were introduced as a Business Recovery…

By Nicola Rollings

Blog2nd Dec 2021

Withdrawal of temporary insolvency winding up measures

A number of temporary measures and restrictions on creditors were implemented by the UK government at the outset of the Covid-19 pandemic in order to prevent businesses being forced into insolvency due to the impact of various lockdowns and social…

Blog21st Jul 2020

Where Professional Services Firms Should be Focusing Their Efforts as Lockdown Eases

Although not directly impacted in the same way as businesses in the retail, leisure and hospitality industries, the legal sector and other professional services sectors have found that COVID-19 has triggered challenging market conditions. A recent survey suggests that revenues…

Blog10th Jun 2020

Restructuring & Recovering for the Future

The impact of COVID-19 on the economy is likely to be long lasting. The UK economy contracted by 2% in the first quarter of the year and analysts expect the figure to be worse for the second quarter as lockdown continues. The Scottish and UK…