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MOORFIELDS ADVISORY SECURE SALE OF CRAFT SODA COMPANY TO US BUYER
Moorfields Advisory, administrators of Gunna Drinks Limited are pleased to have completed a share sale of Gunna Craft Soda Inc.
Read more>Small businesses forced to wait months for payments
Many SMEs are facing potentially crippling waits for payments. A new study by Tungsten Network has found that just over one in ten (12%) of small and medium-sized businesses regularly have to wait for 90 days or more under their customers’ payment terms. 3% of SMEs are forced to wait for four months or 120 days.
Read more>National Living Wage could put extra strain on small businesses
The new National Living Wage (NLW) will come into effect starting on April 1 2016. With just four months left before the changes, the Government is warning businesses to prepare for the introduction. Tasks to take care of include ascertaining which staff, if any, will be affected by the changes, communicating the changes to staff and updating the payroll.
Read more>Leeds MP tables motion for review of insolvency litigation plans
Greg Mulholland, Liberal Democrat MP for Leeds North West, has tabled an early day motion calling for a review of changes that would make it more difficult for insolvency practitioners to secure returns for creditors from fraudulent directors.
Read more>Out of date financial information stops small firms from investing
A lack of access to up to date information could be preventing SMEs in the UK from investing properly in their businesses, new research has found.
Read more>Moorfields appointed Administrators over Commercial Property and Land Portfolio in North East England
Leading property insolvency and restructuring specialists Simon Thomas and Arron Kendall of Moorfields were appointed as joint administrators over a commercial property and land portfolio in North East England on 7 December 2016.
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