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

24 Jun 2020

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.

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

17 Jun 2020

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.

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Businesses access £35 billion through COVID-19 support schemes

11 Jun 2020

The Government has now delivered almost £35 billion in corporate finance to businesses affected by COVID-19, it has been revealed.

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Trade Credit Reinsurance scheme to support 630,000 UK businesses

05 Jun 2020

More than 630,000 UK businesses have been given the confidence to trade during Covid-19 after the Government announced guarantees of up to £10 billion to Trade Credit Insurance schemes.

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New Corporate Insolvency and Governance Bill to extend accounting deadlines

22 May 2020

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

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Applying for a Coronavirus Business Interruption Loan Scheme (CBILS)

25 Mar 2020

Small to medium-sized businesses in the UK are now able to apply for finance via the Coronavirus Business Interruption Loan Scheme (CBILS) to help them deal with the operating costs of their business and to assist with maintaining cashflow.

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Enterprise Finance Guarantee scheme – eligibility restrictions for small businesses

23 Mar 2020

The Enterprise Finance Guarantee (EFG) supports small businesses by providing finance to smaller businesses that cannot obtain finance from their lender because of insufficient security. The British Business Bank has now announced that a number of eligibility restrictions are in place because of the European Union’s (EU) state aid rules.

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Almost a fifth of businesses fell into their overdraft in past year

05 Mar 2020

According to the latest industry research, almost one in five small businesses fell into their overdrafts in the last year in a bid to manage their cash flow.

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The VAT treatment of PCP agreements for commercial vehicles

04 Mar 2020

When considering the purchase a commercial vehicle, there are many decisions to make, including whether an HP agreement or a personal contract purchase (PCP) agreement is more suitable, but what are the VAT implications of a PCP agreement?

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Company insolvencies hit six-year high

03 Feb 2020

Company insolvencies increased to their highest annual level for over six years, the latest statistics have shown.

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