Tens of thousands of businesses will receive insurance payouts covering losses from the first national pandemic lockdown. The ruling from the Supreme Court has delivered its judgment in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case. The Supreme Court has substantially allowed the FCA’s appeal on behalf of policyholders. This completes the legal process for impacted…

The coronavirus pandemic has exacerbated the late payments burden hitting UK businesses, new survey figures from the Institute of Directors (IOD) reveal. Over a third of company directors polled by the IoD said they had faced an increase in late payments during the pandemic, with almost one in ten reporting they had experienced significantly more…

The UK’s two leading enforcement association trade bodies the Civil Enforcement Association (CIVEA) and the High Court Enforcement Officers Association (HCOEA) and Just have welcomed the High Court judgment on non-entry Controlled Goods Agreements. CIVEA, the HCEOA and Just have issued this joint statement which also invites the Ministry of Justice (MoJ) to review the…

The government has announced that there will be a new national lockdown. The new restrictions which aim to curb the spread of Covid-19 have come into force in England and Scotland as national lockdowns similar to those introduced last March begin. As a result of the lockdown, businesses in retail, hospitality and leisure will receive…

In December the following administration notices have been issued and advertised in the London Gazette for the following companies: 100 CLERKENWELL ROAD LTD 254 KILBURN HR LLP AFAN VALLEY LTD ATLANTIC BAY HOTEL (WOOLACOMBE) LTD AG SAFEBOOTHS UK LTD ALLANDER PRINT LTD ALPINE ELEMENTS LTD ALVIS HOUSE LTD ANIMA VINCI LTD ARCADIA GROUP LTD ARCHANT…

In December, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: ACCOUNTANCY SERVICES HR 2 LTD ACCOUNTANCY SERVICES HR 3 LTD ACCOUNTANCY SERVICES HR 4 LTD ADVANCED OPTICAL LTD AG SAFEBOOTHS UK LTD AMS & SONS GROUND ENGINEERING LTD ANVILLE LTD ATLANTIC DWELLINGS HR LTD AXE CORPORATE…

The Treasury has announced extensions of its business loan guarantee schemes until the end of March. These had been due to close at the end of January. The new round of funding from the Treasury covers the Coronavirus Business Interruption Loan Scheme, the Bounce-Back Loans Scheme and the Coronavirus Large Business Interruption Loan Scheme. Bounce-back…

New figures published by HM Treasury has shown that over 1.5 million businesses across the country are supported by the UK’s banking and finance industry with a total of over £68 billion in lending through government-backed coronavirus lending schemes. Over 34,500 small and micro businesses have accessed a Bounce Back Loan over the past month,…

Water retailers must keep doing everything in their power to help struggling businesses impacted by Covid-19 pandemic get back on their feet without the threat of debt recovery action according to the Consumer Council for Water (CCW). The CCW says that it has been helping retailers resolve a rise in billing disputes over the summer…

New figures from the Insolvency Service have shown that business insolvencies in England and Wales increased by 4% in November 2020, with 889 business insolvencies in November 2020 compared to October’s figure of 862, and were 41% lower than November 2019’s figure of 1,512. However, business insolvencies in November 2020 fell by 41% compared with…

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