Call: 01234 834886
Call: 01234 834886
Bedford:
Suite G35, Bedford i-Lab
Priory Business Park, Stannard Way
Bedford
MK44 3RZ
Call: 01604 212150
Call:  01604 212150
Northampton:
9-10 Scirocco Close
Moulton Park
Northampton
NN3 6AP

Home » Articles posted by PBC Business Recovery & Insolvency Ltd

Author Archives: PBC Business Recovery & Insolvency Ltd

COMPANY VOLUNTARY ARRANGEMENTS

The Association of Business Recovery Professionals (R3) which is the trade association for the United Kingdom’s insolvency profession, has launched a standard form of proposal (Standard Form) for company voluntary arrangements (CVAs) in light of the COVID-19 pandemic and the subsequent negative economic implications on businesses, especially small and medium-sized enterprises (SMEs). This has been […]

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Lockdown 2 – Open for Business and Support

The news none of us wished to hear was announced with the UK being placed under lockdown until 2 December 2020.  This could not be any worse for many businesses who are believing this maybe the final straw. At PBC we recognise businesses need access to advice and assistance without any delay.  Accordingly, the PBC […]

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Cynthia Spencer Hospice Charity Golf Day 2020

Great to have been involved in supporting the event. Thanks to All Things Business for the article and flattering picture Golfers come out in force to raise money ‘fore’ Cynthia Spencer Hospice  

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Cynthia Spencer Hospice Charity Golf Day 8th October 2020

Fantastic day enjoying a round of golf with colleagues whilst supporting a great charity Cynthia Spencer Hospice Charity . The afternoon weather was excellent Thanks to Sean Halliwell Adam Billingham and Jamie Cochrane for bringing the PBC Business Recovery & Insolvency home in 3rd place. PBC Business Recovery & Insolvency are proud supporters of Cynthia Spencer Hospice Charity #charity #fundraising #golfing #support

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PBC Charity Golf – The Results

  Following a succesful PBC Business Recovery & Insolvency charity golf day on 15th September 2020 we are delighted to confirm that the day raised £1660 for the Cynthia Spencer Hospice Charity Thank you to all those that attended the day and contributed to the success.

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PBC Charity Golf Day

Amazing Weather, Great Golf and an excellent course at Overstone Park Resort led to an entertaining and enjoyable PBC Business Recovery & Insolvency Golf Day raising funds for Cynthia Spencer Hospice Charity Working with the club and maintaining Covid regulations we were able to put on the PBC Business Recovery & Insolvency annual golf day hosting 36 players. 10 teams over a […]

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What superpower would you have if you could?

What superpower would you have if you could?  Invisibility? Being able to fly? Teleportation?  Or how about being able to re-write the law to suit yourself and ensure you are always on the right side?  That’s exactly what the government has done with two measures in the Finance Act 2020.   The first is the […]

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Is Corporate Recovery Doomed?

There is a saying about giving with your right hand but then take back with your left.  Well, that appears to be the case where the Government are concerned. Firstly, the Corporate Insolvency & Governance Act 2020 became law and is intended to assist businesses recover post the COVID-19 pandemic.  While I am sceptical about […]

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The Preference Trap?

My most recent blog on the Chancellor’s support schemes  (available here) included comments on the Bounce Back Loan scheme.  One question I have received following that blog focussed on how using the funds from the loan to pay off debts personally guaranteed by the director would be treated (as the Bounce Back Loan scheme does […]

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Will the government support schemes make things worse?

Whilst we all might have our views on how Boris Johnson, Matt Hancock et al have handled the health impacts of the Covid-19 pandemic, one politician who has emerged with his reputation enhanced is the Chancellor of the Exchequer, Rishi Sunak, and that’s not just because he has been nicknamed “Dishy Rishi”.   Whilst there […]

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Seller beware? – The Corporate Insolvency and Governance Bill

As a service provider or supplier, what is your first reaction when you hear your customer is entering into an insolvency process?  Anger, frustration, can I recover items supplied or, how do we make good the financial hole that bad debt will create? It is an emotional event but, what if you were told your […]

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Recession or is it something else?

What is the outlook for the UK economy post lockdown?  That is a question I have been asked many times, while others tell me how busy my profession will be. The truth is, nobody can accurately predict what will happen.  Personally, I have heard views from, “It is going to be a tough time, but […]

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£1190 Donated to Cynthia Spencer Hospice despite cancelled Quiz Night

  March 2020 and we were preparing for the PBC Quiz night but alas Covid-19 and social distancing meant that we had to cancel the event which was to raise funds for Cynthia Spencer Hospice Charity We contacted all the teams that had paid to enter the quiz asking whether they would be happy for […]

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Am I Liable or Not?

Can a director be held personally liable for company debt? The knee-jerk response to the above is, “No, that is what limited liability means.”  Indeed, the only obvious exceptions would be where a director has given a personal guarantee or, when a director is the named contracting party, which does happen occasionally, especially where leasehold […]

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A Business Adviser? Come to our free seminar on Personal Liability

To be held at Kettering Park Hotel on May 13th. Looking at the hot topics that could affect you and your clients including Re-use of prohibitive name HMRC hot potatoes Dividends The Warning Signs Plus we are looking to cover topics arising from The Budget RSVP: lisaparker@pbcbusinessrecovery.co.uk   DUE TO THE COVID-19 CRISIS THE SEMINAR […]

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Legal Claims Against Directors following Liquidation – What you need to know. – Guest blog post from Steven Mather Solicitor

This is a guest blog post from Steven Mather Solicitor – The Right Lawyer for You and Your Business™   Firstly, thanks to Gary and Jamie and everyone at PBC for inviting me to guest blog on their website. I’ve worked with them a number of times and I’m impressed by how well they know […]

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Close companies: Loans to participators: Members Voluntary Liquidations (MVL)

Close companies: Loans to participators: Members Voluntary Liquidations (MVL) These are solvent liquidations. From the date of the liquidation the shareholders are entitled to receive the value of the net assets of the company (i.e the company owes them the relevant value). At the same time the shareholders owe the company the amount of their […]

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How the FCA are supporting consumers with credit card debt

https://www.bbc.co.uk/news/business-51358643

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Mediation – Listen to their story

  I want to tell you my story Hands up if you have been in an argument.  What usually happens?  They raise their voice so you raise yours and so on until it becomes a shouting match and the cause of the debate gets pushed aside while other issues come to the fore.  Sound familiar? […]

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PBC Festive Season Closing

The staff of PBC Business Insolvency & Recovery Ltd would like to thank you and your continued support in 2019 and would like to take this opportunity to wish you a very Merry Christmas and Happy New Year. Our offices will be closed at 12.00pm on Tuesday 24th December 2019 and re-open at 9.00am on […]

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A squeeze on tax avoidance

Someone once told me, “I enjoy paying tax because, if I am paying tax then I must be earning money”. In fairness, most people would agree with the above.  Unfortunately, there has been a long-running battle for HM Revenue & Customs in catching up with those who see it differently. The Government are planning to […]

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Golf Day Raises £2051 for Charity

At PBC we are delighted that our Golf Day held in September raised a fantastic £2051 for the Ronald McDonald House Charities. Together with other events we have been able to donate £3761 to such a great charity this year.

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Supporting Northamptonshire Health Charity

Excellent weather for Golf. Glad to have supported Northamptonshire Health Charity on their golf day at Northampton Golf Club.

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SME Northamptonshire Business Awards 2019

Excellent evening celebrating the success of Businesses across Northamptonshire. PBC were delighted to have sponsored the Best New Business Award Congratulations to the winners Breast Friends Special mention to the runner up Kompak and the other finalists AJS Express Parcels Limited Alliance Mortgages Ltd Build & Bake Ltd Datasense Consulting Ltd

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PBC Golf Day – in aid of Ronald McDonald Charity Houses

What a glorious day to hold a Golf Day. The sun was shining, Overstone Golf Club was in excellent condition and the event was supported by a great bunch of local Businesses and Professionals. PBC with the support of Overstone Golf Club hosted 12 teams of mixed ability golfers. Scoring was good with a number […]

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TAX AVOIDANCE

A squeeze on tax avoidance Someone once told me, “I enjoy paying tax because, if I am paying tax then I must be earning money”. In fairness, most people would agree with the above. Unfortunately, there has been a long-running battle for HM Revenue & Customs in catching up with those who see it differently. […]

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DIRECTORS DISQUALIFICATION – COMMON GROUNDS

The meaning of substantial I am sure most directors are proud the first time you order business cards (with your title as director). Expanding as you employ staff. But do you know the duties and responsibilities of being a director? Do you consider you are a responsible director? Hopefully, your answers are, “Yes” and “Yes, […]

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Alternative Dispute Resolution – The cost of disagreement

  How many readers can remember the Monty Python sketch where a client wants an argument?  The provider says that will cost £10.  The client pays the fee only for the provider to say that will cost £10 please.  Enraged, the client says he had just paid only for the provider to deny receipt and […]

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Hack it and Whack It

Despite the rain the Hack it and Whack it event went ahead. A mixture of 40 golfers and non-golfers lined up at Brampton Heath Golf Club to test their skills on the driving range and the putting green. Not sure whether we unearthed the next Tiger Woods or Charley Hull but a good time was […]

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Tax efficient or tax avoidance?

As a director you are probably advised to pay yourself a nominal salary with the balance of your remuneration package being paid by way of dividend.  This is perfectly sensible.  It reduces the tax burden and improves cash flow.  However, what happens if you draw dividends when there are insufficient reserves? There has been a […]

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HACK IT AND WHACK IT

HACK IT AND WHACK IT Calling all those who believe networking is good for business. This is a networking event for BOTH golfers and non-golfers. Date: Thursday 13 June Venue: Brampton Heath Golf Club, Sandy Lane, Church Brampton, Northampton, NN6 8AX Timings: Arrival from 12:30p.m. Buffet Lunch at 1:00p.m. In the afternoon we will split […]

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CHARITY QUIZ A GREAT SUCCESS

CHARITY QUIZ A GREAT SUCCESS Greens’ Restaurant was filled with the sound of brains whirring as thirteen teams did battle at PBC’s charity quiz in aid of Ronald McDonald House at Alder Hey. The winners were Cottons (below), with a score of 133 out of a possible 150, with Clifford Roberts taking second place only […]

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How secure is your company?

How secure is your company? A few years ago I asked an audience, “How many of you are self-employed?”  I followed that by then asking, “How many of you set up in business and planned to fail?” The fact remains we do not set up a business with a view it will fail sometime in […]

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PBC Moves into Bedford

  Insolvency practice moves into Bedford. PBC Business Recovery & Insolvency have announced opening their new office in Priory Business Park, Bedford with effect from 1 March 2019. Highly regarded, PBC provide professional advice and services across both personal and corporate insolvency, whether that is for the client directly or where the client has an […]

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PBC Charity Quiz 2019

We are holding our 2nd Charity Quiz in aid of Ronald McDonald House Charities on Thursday 28th March 2019. Come and have some fun as well as raising  money for a great charity. Details and acceptance form. PBC Charity Quiz 2019

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