Commercial Finance
In a volatile and uncertain landscape, business has never been more challenging. With challenges, however, also come opportunities, yet being able to seize these when they arise is often contingent on having the right finance in place. Sourcing appropriate funding can be a serious challenge itself and the assistance of an experienced team of commercial finance experts can be invaluable.
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Other Products and Services from Real Business Rescue
CBILS Loans
With businesses across the country facing challenges like never before in the wake of Covid-19, many companies are finding themselves in desperate need of outside funding as income takes a hit.
In response to this need, the government has introduced a new funding initiative known as the Coronavirus Business Interruption Loan Scheme − or CBILS for short.
In response to this need, the government has introduced a new funding initiative known as the Coronavirus Business Interruption Loan Scheme − or CBILS for short.
Compulsory Liquidation
What is compulsory liquidation? A guide to understanding the process for company directors
Compulsory liquidation (WUC) is a formal insolvency procedure which results in a company being forcibly shutdown. The compulsory liquidation process is typically initiated by disgruntled or otherwise outstanding creditors of a limited company through a court order known as a Winding Up Petition (WUP). A WUP notifies a company that a petition has been lodged to bring about the closure of the business and the liquidation of its assets.
Compulsory liquidation (WUC) is a formal insolvency procedure which results in a company being forcibly shutdown. The compulsory liquidation process is typically initiated by disgruntled or otherwise outstanding creditors of a limited company through a court order known as a Winding Up Petition (WUP). A WUP notifies a company that a petition has been lodged to bring about the closure of the business and the liquidation of its assets.
Staff Payment & Furlough Concerns
n response to the coronavirus pandemic, the government introduced a range of initiatives to help businesses weather the storm and cushion the economic shock. One of the most successful and widely used measures has been the Coronavirus Job Retention Scheme (CJRS) which has been used in some form or other by two thirds of businesses since it was introduced in March 2020.
A series of extensions means this scheme will now run until the end of March 2021.
As part of the scheme, employers who have been hit by a drop in trade due to coronavirus related business interruption, can furlough those staff who for whom there is not adequate work. The government will cover 80% of their salary up to a monthly cap of £2,500. Employers can choose to top this up to 100% if they wish.
A series of extensions means this scheme will now run until the end of March 2021.
As part of the scheme, employers who have been hit by a drop in trade due to coronavirus related business interruption, can furlough those staff who for whom there is not adequate work. The government will cover 80% of their salary up to a monthly cap of £2,500. Employers can choose to top this up to 100% if they wish.
Real Business Rescue
Head Office 340, Deansgate, Manchester, M3 4LY, United Kingdom
Real Business Rescue specialise in a wide variety of services including company debts, liquidation and closure, restructuring and rescue and specialist business advisory for a wide variety of industries and sectors throughout the UK. We cater for businesses and organisations that require assistance with their insolvency issues during COVID-19 and can offer expert advice across a broad range of professional services.