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A member of my team is under-performing in their role. As the employer, what are my legal obligations in addressing this?

It is quite common for employers of all shapes and sizes to experience staff under-performing in their role. There could be a variety of reasons for this, ranging from a general lack of ability and apathy, personal issues affecting performance, unreasonable and unrealistic targets and work overload to a lack of training. Many larger employers […]

A member of my team is under-performing in their role. As the employer, what are my legal obligations in addressing this? Read More »

Is Your Business Struggling? Under Pressure From Your Landlord, Suppliers Or Other Creditors?

The perfect storm of the Covid pandemic, the war in Ukraine, the current high inflationary environment and cost of living crisis has inevitably placed many pub businesses under significant financial stress. Whilst a shareholder’s liability in respect of a limited company is limited to the value of their shares, UK company and insolvency legislation imposes

Is Your Business Struggling? Under Pressure From Your Landlord, Suppliers Or Other Creditors? Read More »

Director Disqualification Update – January 2022: New Year, New Laws

On 15 December 2021, the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act 2021 received Royal Assent and serves as an interesting development within the director disqualification legal regime. You may have read our previous update on this in May 2021 Director Disqualification Update after the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill had its first

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Director disqualification

Director Disqualification and Coronavirus Bounce Back Loans

The Bounce Back Loan Scheme was introduced to provide financial aid to small and medium-sized businesses affected by the coronavirus pandemic. The scheme enabled small and medium-sized businesses to borrow up to £50,000 with no fees or interest payable for the first 12 months. After 12 months, an interest rate of 2.5% per year becomes

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30 September 2021 – a Key Date for Insolvency Professionals

Background As a result of the coronavirus pandemic, the Corporate Insolvency and Governance Act 2020 (“CIGA”) received Royal Assent on 25 June 2020. CIGA made a number of substantial changes to existing insolvency legislation. Some of the significant changes (discussed in further detail below) were in relation to the presentation of winding up petitions and

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An update: the importance of maintaining adequate company accounting records in the context of director disqualification

A company is obliged to keep adequate accounting records in accordance with section 386 of the Companies Act 2006. This provision sets out a number of requirements for a company’s accounting records, including that they must show and explain the company’s transactions and disclose with reasonable accuracy, at any time, the financial position of the

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