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February may be the shortest month of the year, but that does not make it the quietest. With work on R3’s response to the Government’s insolvency regulation consultation, a new paper to help tackle misconceptions around insolvency fees and continued engagement with parliamentarians on the importance of Companies House reform, R3’s Press, Policy and Public Affairs team has been working hard to make sure the voice of the profession is heard on key issues.
With the days getting shorter, temperatures dropping and Christmas fast approaching, the busy winter season is upon us and this November has been no exception for R3’s Press, Policy and Public Affairs team…
Keith Tully, Partner at Real Business Rescue, looks at the challenges faced by businesses as the UK continues to open up…
As MPs depart Westminster for the summer parliamentary recess, we are taking stock of an important piece of legislation for the insolvency and restructuring profession, and its progress so far through parliament.
After a year like no other, and with considerable uncertainty remaining about what will happen in coming months, directors and business owners could be forgiven for being unsure about the best path forwards.
The Covid pandemic has altered much of the UK’s – and the world’s – business environment out of all previous recognition. But one pre-pandemic phenomenon, that of the so-called ‘zombie’ business, has been brought into sharp focus, amidst fears that the conditions created by the Government’s response to the economic crisis has greatly increased the number of them.
As the Recovery Loan Scheme Replaces BBLs, Keith Tully, Partner at Real Business Rescue, looks at the danger of debt loading…
Ahead of the Budget on 3 March, we set out what the insolvency and restructuring profession would like to see in it, to help rescue businesses and plot a path to economic recovery...
The Government’s recently-announced consultation, “Increasing the scope and powers of the Small Business Commissioner”, is seeking responses on how the powers of the Small Business Commissioner can be expanded in order to deal more effectively with late payment.
Wednesday 22nd July saw the Royal Assent of the Finance Bill 2019-21, which will mean that from 1st December 2020 HMRC will become a secondary preferential creditor in insolvencies, a move that R3, and the UK insolvency and restructuring profession, believe will damage the UK’s carefully cultivated business rescue culture...
R3 members can provide advice on a range of business and personal finance issues. To find an R3 member who can help you, click below.
R3 — RESCUE RECOVERY RENEWAL
R3 is the trade association for the entire community of the UK's insolvency and restructuring professionals, whatever the size of their practice, their experience or their specialism. Our members promote economic regeneration, resolve financial distress for businesses and individuals, save jobs, and create the confidence and public trust which underpin trading, lending and investment.