COVID-19: Self-employed income support scheme
The window for claiming the second grant under the self-employed income support scheme opened on 17 August and closes on 19 October. Traders do not have to have claimed the first grant to qualify for the second but their business must have been adversely affected by COVID-19 on or after 14 July 2020 to qualify.
Is your business facing uncertainty?
Some businesses have responded quickly and redesigned themselves for the future following the outbreak of COVID-19 earlier this year. However, many will now be finding themselves in unchartered waters and it could be the first time that they have faced serious difficulties.
Assessing the financial resilience of your firm
In June, the FCA announced it was asking around 13,000 firms to respond to a survey considering their financial resilience to help its view of the impact of COVID-19. Separately, the regulator also published its finalised guidance framework for assessing adequate financial resources.
Top practical action areas: to help your business recover and rebuild post COVID
There is still much we do not know about COVID-19 and how it will shape the future lives of people in the UK and around the world. However, there are still some things that we do know and businesses can use this knowledge to build base plans, that can become a living breathing part of their strategy to take them forward and rebuild.
COVID-19: changes to UK insolvency legislation
12/06/2020 - In the Corporate Insolvency and Governance Bill, the UK government has announced changes to insolvency law designed to protect businesses affected by COVID-19 generally and from action by landlords in response to what has been described as “aggressive rent collection”. Draft legislation has been published with a view to it being passed into law as soon as possible.
Professional Practices: COVID-19: what will the future look like?
01/06/2020 - As the Government imposed lockdown, we explored the immediate action all firms should take to protect themselves financially. We then looked at the lessons to be learned so far from the impact of the pandemic on professional services firms. In this insight we look further ahead, assessing the potential longer-term consequences.
Fintechs: Navigating COVID-19
12/05/2020 - For fintechs, like any other business, cash is king, especially during times of crisis. For those fintechs who manage to get the basics right, recovery will come. With it will come potentially game-changing opportunities for growth in a market more open to digitisation than ever before.
Entrepreneurial Businesses – what to do now to preserve your business tomorrow
07/05/2020 - Business owners have been working frantically to keep their businesses going amid the toughest conditions they are ever likely to face. While some have had their end markets cut away by policymakers’ response to the pandemic, others have seen an explosion in new business.
Beyond Covid-19: valuable lessons for the future
07/05/2020 - For the time being, many businesses are fire-fighting – deciding who to furlough, chasing debtors, shoring up cash flow by raising short-term funds. However, there will be a point at which business starts tentatively to adjust to a new normal. At that point, it may be worth reflecting how your business could become more effective in future.
Helping businesses Bounce Back – details of the Bounce Back loan scheme explained
07/05/2020 - The Bounce Back Loan Scheme (BBLS) is providing access to loans of between £2,000 and £50,000 to support SMEs that are losing revenue and seeing their cashflow disrupted due to the coronavirus. The loan has a flat interest rate, no upfront fees and in the first-year interest costs are covered by the government.
Tenants and landlords: Collaborative solutions in tough times
[Updated 15/05/2020] - This is a uniquely difficult time for many commercial tenants and landlords. The British Property Federation (BPF) alongside its landlord members are working with retail, leisure and hospitality tenant businesses in distress together with other tenants affected by an immediate loss of revenue following the lockdown.
Additional Government loan package for companies affected by Covid-19
27/04/2020 - The Chancellor has announced a new support scheme for innovative businesses currently affected by COVID-19. It is aimed at businesses that are not eligible for existing rescue schemes, such as the Coronavirus Business Interruption Loan Scheme ‘CBILS’, and that have typically relied on equity investment
S&W Sessions: Coronavirus - managing your business cashflow
If you would like more information or to discuss how coronavirus will affect you or your business, please contact using the form below.