It has been widely forecast that there will be a wave of corporate failures as one of the economic consequences of the pandemic. It hasn’t happened yet, and the view from the credit insurers is that it is the Government support schemes that have helped to stave this off. So when will businesses start to run out of cash?
Here we look at the key schemes and the current post budget timetable (or Roadmap), with the next key dates being the end of March and June. No business providing...
January is named after the minor Roman Deity, Janus, the God of doors and transitions. He is sometimes depicted with two faces, one looking forward, and one looking back. Perhaps for this reason it is traditionally a time to reflect on the year that has just gone, and plan for the year that is ahead. I don’t think anyone writing 12 months ago today was forecasting the year as it actually turned out. `Unprecedented’ has become an overused word, but it has been a very different...
On the 29th December 2020 the UK Government confirmed that the Government support scheme for trade credit insurance has been extended through to June 2021. The same rules apply as advised in our articles last year, but please get in touch if you would like more detail.
Click the following link for the Government page with the announcement: https://www.gov.uk/government/publications/trade-credit-reinsurance-scheme#history
2020 has been a very difficult year for many of our clients. Here's hoping that 2021 turns out to be more positive for everyone. All the best for Christmas and the New Year.
Our London team will be moving. Obviously the Covid restrictions are making the move difficult, but our previous landlord asked we vacate the building by Christmas. The new offices are nearby, at 40 Lime Street (close to Lloyd's of London), and we will move in over the course of January (more updates to follow). All of our staff are still homeworking, so are not affected, but the landline numbers will no longer work. Please check `meet the team' for Mobile numbers.