KPMG has been appointed as administrators of Glasgow-based fabric and soft-furnishing company Remnant Kings Central Limited. Blair Nimmo and Alistair McAlinden were appointed as joint administrators of the firm yesterday.
The Scottish Government has launched a £1 billion business support fund meaning businesses can now apply for grants to help them deal with the impact of the coronavirus outbreak. The one-off grants are designed to help protect jobs, prevent business closures and promote economic recovery, and
The Bank of England has launched its emergency liquidity scheme to make sure banks have enough cash, as it warned that immediate disruption from the pandemic could be more severe than its banking stress tests. Underlining the risks to the financial system, the Bank of England has activated its conti
Ken Pattullo, regional managing partner at Begbies Traynor, discusses the importance of cash and how to protect it in times of uncertainty. Cash flow is the lifeblood of any business, and certainly in the short term more important than profitability. The money coming into your business ensures
Manufacturing output expectations dropped to their weakest since the financial crisis, as the COVID-19 outbreak gained pace in the UK and Europe, according to the latest CBI monthly industrial trends survey conducted between 25 February and 13 March.
Nationwide has announced that it will be closing some branches and reducing its opening hours amid the coronavirus pandemic. As Prime Minister Boris Johnson called for greater care to be taken regarding social distancing, and in light of his announcement to lockdown many ‘non-critical&rs
Jennifer Skeoch, partner in the employment team at Burness Paull, details the new measures announced by the British Government to support employers and workers during the coronavirus pandemic. A coronavirus job retention scheme has been established, for which any employer in the UK, regardless of si
Perth-based bus company Stagecoach has increased its efforts to mitigate the impact of the coronavirus pandemic on their businesses with its directors giving up 50% of their pay for an unspecified period of time.
UK pensions have been hit by the economic problems stemming from the coronavirus outbreak, as around 7.5 million low and moderate earners in Britain have lost between 13% and 18% of their pension savings since the coronavirus crisis began. The National Employment Savings Trust (NEST) - default
Kirsty Paton, tax specialist from the entrepreneurial tax team at accountants Chiene + Tait, discusses how Advanced Subscription Agreements (ASA) could save the day for company investors amid the coronavirus uncertainty. The tax relief offered through the UK Government’s Enterprise Investment