On August 1, MBM Commercial will celebrate its 15th year in business. Like many people celebrating anniversaries in 2020, it’s not quite going to be the celebration they had in mind.
In Scotland, it is possible to convert an administration into creditors' voluntary liquidation.
In recent years we have seen an increase in investments made via SIPPs that were either entirely fraudulent or catastrophically failed, causing the investor to lose their entire investment and a significant chunk of their pension pot. Many have explained that they felt safe, making the investment in the first place because their SIPP operator allowed them to do so.
On 1 July 2020, the Coronavirus Job Retention Scheme (CJRS) entered a new phase which allows employers to bring furloughed employees back to work part-time. Whereas, prior to 1 July, furloughed employees were not allowed to carry out any work for their employers.
Whilst I’ve fulfilled the role of ‘Nominated Solicitor’ on numerous Future Fund applications, the incompatibility of the Future Fund scheme with EIS led a lot of my clients based in Scotland to decide the fund wasn’t for them. This shows in the official data released by the British Business Bank – only 3% of funding deployed by the Future Fund has gone to companies in the devolved nations (Scotland, Wales and Northern Ireland).