Chancellor Rishi Sunak has announced further measures to support firms affected by the coronavirus crisis, by bolstering business interruption loans for small businesses and announcing a new scheme for larger companies. To maximise the support available, the Chancellor is extending the Coronavirus B
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Chartered accountants Wylie & Bisset is advising professionals and other intermediaries with business clients concerned about financial distress resulting from the current social distancing measures to consider a DAS Debt Payment Programme. A Debt Payment Programme under the Business Debt Arrang
William Duncan Business Recovery has published a flipbook offering clear and simple to follow advice for directors of businesses facing financial distress and those who are concerned about potential wrongful trading during the current coronavirus pandemic. The COVID-19 pandemic has already mad
RSM’s Market Stress Index has recorded its steepest and most protracted spike in negative sentiment since the metric was introduced, as COVID-19 fears intensify. The index, which measures financial and economic stress or risk since the UK’s departure from the EU, has shot up in the past
Allana Sweeney, senior associate in Shepherd and Wedderburn’s restructuring and business advisory team, discusses how the measures of support implemented to help businesses during the coronavirus pandemic are a spark of hope for firms. Each day brings fresh challenges as a consequence of the C
Chris Dunn, partner at Brodies LLP, details the current issues facing Scottish housing associations in terms of banking and finance in the current COVID-19 climate. Amongst the multitude of issues currently facing housing associations during the COVID-19 pandemic, one focus of FDs and boards ne
Steven McKay, head of employee benefits at chartered financial planners Mearns & Company, discusses the coronavirus pandemic and employee benefits. At Mearns & Company, we understand the disruption that the outbreak of COVID-19 has caused to everyone’s daily lives.
Financial support for seafood processors to help them through economic pressures related to the coronavirus pandemic will be available through a new £10 million scheme announced by the Scottish Government.
Renewables infrastructure fund JLEN has acquired a stake in the Peacehill Farm anaerobic digestion plant in an £11 million deal. The investment consists of the provision of a debt facility and subscription for a minority equity stake in JLEAG AD Limited, which holds, through its wholly-owned s
The Association of Personal Injury Lawyers (APIL) and the Association of British Insurers (ABI) have agreed a new approach to the handling of personal injury cases in the Scottish courts under the current COVID-19 situation. The position relates to cases where limitation would possibly be an issue i
The Prince’s Trust and RBS owner NatWest have announced the launch of a £5 million fund to help young entrepreneurs across the UK to keep their businesses afloat during the coronavirus crisis. The Prince’s Trust and Royal Bank of Scotland Enterprise Relief Fund is available to entr
The Royal Mint is the latest in a line of companies swapping their production to create medical supplies for the NHS during the coronavirus pandemic, as it announced it would manufacture thousands of visors for the NHS frontline staff.
Three new partners will take up their roles at tax and business advisory firm, EQ Accountants LLP on 1 April 2020, bringing the total number of partners in the Firm to 17. At a time when all businesses are finding economic conditions as difficult as they have ever been, it is important to remember t
Edinburgh-based Sigma Capital Group has appointed Michael McGill as its new chief financial officer and posted its interim results. Mr McGill's appointment takes immediate effect. As well as taking executive responsibility for the overall financial management of the group and its subsidiaries, he wi
The Financial Conduct Authority (FCA) has called for lenders to offer a temporary payment freeze on loans and credit cards for up to three months for consumers facing financial difficulties as a result of coronavirus. The watchdog has also called for arranged overdrafts up to £500 to be charge