Author name: Viv1

Redundancy Pay

Understanding Eligibility for a Director Redundancy Payment in the United Kingdom

Most company directors are likely already aware that statutory redundancy payments are available that their employees can claim if they work for a business for at least two years. Many directors might not know that they, too, may well be able to claim for these payments as well. If your business is struggling financially and

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Appoint Licensed Insolvency Practitioners

Why You Should Only Appoint Licensed Insolvency Practitioners?

Several different terms are thrown around when your organisation is facing financial difficulty. An insolvency practitioner is one of the most common terms you are likely to see. If you have fallen on hard times, an insolvency practitioner can provide you with the help you need. What Is an Insolvency Practitioner Before we go any

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Care Home Property Scheme

How Investors Lost £8 Million in Care Home Property Scheme in the UK

There are always a number of controversies within the world of business, and one of the most prevalent recently has been the investors who managed to lose £8 million in a care home property scheme. They were duped into paying out for plans to convert 80 apartments in County Durham. These plans were never going

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Club La Costa

Why Club La Costa UK PLC Administration Transitions into Liquidation Process?

It has recently been revealed that Club La Costa, which was in administration, has transitioned into the liquidation process. The FRP Advisory administration was officially terminated on November 20th 2022, and following that, the process shifted from administration to a new phase called liquidation (specifically, creditors’ voluntary liquidation). The process is still being managed by

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Case Study: Glasgow Engineer Banned for £100K Bounce Back Loan Abuse

Covid was a difficult time for businesses all over the UK as the pandemic brought unprecedented restrictions on the public and, therefore, limitations on UK businesses as well. The government was forced to step in to make sure that people were able to keep their businesses up and running whilst the coronavirus and subsequent lockdowns

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