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Impact of Inflation on Small & Medium Businesses in the UK
The UK economy is struggling at the moment for a number of different reasons but one of the largest contributing factors is the increased rate of inflation. The UK is currently experiencing an incredibly high rate of inflation and this is having an impact on organisations and businesses everywhere. So, with that in mind, it’s […]
August 22, 2023
Mergers and Acquisitions: Considerations and Regulations under the Companies Act 2006
The Companies Act 2006 (CA 2006) is the main piece of legislation that governs transactions relating to mergers and acquisitions in the UK. The CA 2006 sets out several requirements such as shareholder approval and the need to make a fair offer to the target company’s shareholders. In the following article, we’ll take you through […]
August 16, 2023
Why Skills Training UK on Brink of Insolvency?
There is no escaping the fact that a variety of different businesses, both big and small, suffer from various problems in their lifetime. One of these at the moment is the high-profile independent trading provider, Skills Training UK, as it was reported recently that they are set to collapse. Who Are Skills Training UK? Skills […]
August 8, 2023
Accounting and Reporting Requirements under the Companies Act 2006
The Companies Act 2006 (CA 2006) is the primary legislation governing the formation, operation, and dissolution of companies in the United Kingdom. The CA 2006 sets out a number of requirements for the accounting and reporting of companies. In the following article, we’ll take you through these requirements, which include the preparation of annual accounts, […]
July 31, 2023
What Can I Buy That Is Not Deprivation of Capital?
What is deprivation of capital? This is where an individual reduces their capital on purpose (or transfers that capital to someone else like a friend or family member) with the intention of being eligible for benefits that they wouldn’t be eligible for otherwise. Having less capital increases the scope and scale of benefits that are […]
July 24, 2023
Corporate Governance and the Companies Act 2006: Best Practices for Directors
There are a number of different pieces of legislation and implications that get implemented which tell organisations, directors of said organisations and employees how they should act. One of the key pieces of legislation is the Companies Act 2006, which imposes several general duties on a director of a UK limited company. There are many […]
July 17, 2023
Climate-Related Disclosure Regulation for UK Companies and LLPs
There is no escaping the fact that climate change is a huge problem and one of the most prevalent issues facing the world today. As such, governments and businesses need to make an effort to reduce their overall carbon footprints and benefit the world’s environment. As a result of this increased focus on environmental governance, […]
July 12, 2023
Employee Rights During Liquidation of a Company in the UK
If you own a company and you are currently going into liquidation then you are likely worried and confused about the process as a whole and the implications that it has on both you and your employees. It can be quite an anxious time with a large amount of uncertainty left in the future; however, […]
June 30, 2023
Why Firm Behind Forever Unique Goes into Liquidation
It has been a difficult few years for many organisations thanks to the pandemic, the rise in the cost of energy and general economic uncertainty. This has resulted in many businesses going into liquidation and closing for good. One of the businesses that have currently fallen victim to this economic turmoil is Forever Unique, which […]
Restructuring Plans Under the UK’s Companies Act
When a business finds itself in hard times, a lot of people seem to think that the only option is to close down and call it a day. Whilst liquidation is very much an option, it doesn’t need to be the only option. There are a number of different ways that a business can handle […]
June 20, 2023
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