Morrisons has launched a last minute bid to save the convenience store chain McColl’s from administration The supermarket giant announced the bid this morning after McColl’s warned that unless it secured more funding then administration was increasingly likely. In statement released on Thursday McColl’s said: ‘Whilst no...
Read MoreThe UK saw 2,114 company insolvencies in March 2022 which is a 39% increase from February The latest figures, released by the Insolvency Service, show a 599-increase compared to the 1,515 figure reported in February. This is 112% higher and more than double the 999 reported...
Read MoreTwo Yorkshire-based directors have been banned for a total of 21 years after they fraudulently claimed £100,000 in bounce back loans Aamer Aslam from Huddersfield has been handed a ban for 11 years and Razwan Ashraf from Keighley for 10 years after they claimed bounce back...
Read MoreAll Covid-19 restrictions are to be lifted in England on 27 January 2022 due to the success of the booster programme The government announced that the UK will put an end to all the Plan B measures which came into force in December in response to...
Read MoreThere has been a 27% rise in Covid-19 Self-Employment Income Support Scheme (SEISS) fraud cases in the last three months but no further arrests Research collected from a Freedom of Information (FOI) request by law firm BLM found that between April and June 2021 abuse of...
Read MoreHMRC’s Making Tax Digital (MTD) programme is expected to generate £265m of additional revenue this year which is 45% lower than the original forecast of £470m A report by the National Audit Office (NAO) stated that the additional revenue from Making Tax Digital for 2020-21 was...
Read MoreAccording to the Bank of England, a third of UK SMEs are in more than twice as much debt as before the Covid-19 pandemic A report issued by the Bank of England revealed that the increasing level of debt among SMEs has caused the central bank...
Read MoreTemporary measures brought in to support businesses from insolvency during the pandemic will be phased out from 1 October Companies in financial distress as a result of the pandemic have been protected from creditor action since June last year, through the Corporate Insolvency and Governance Act...
Read More