Practical tips for limited company owners from legal and insolvency experts
This week, Claer meets Lowri, who runs a small events business. She’s had no work for nearly a year, and as a director of her own limited company is one of an estimated 3m people in the UK who has fallen through the cracks of government support. Living on state benefits and reliant on her local food bank, Lowri’s previous experiences of business failure have prepared her for what she fears is to come. Legal and insolvency experts provide practical tips for small business owners in a similar situation, and we have the latest on the growing political campaign for directors to be included in UK government grants.
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Read the FT story about how 262 MPs have backed Rebecca’s campaign to reform coronavirus support measures
If your business is in financial trouble, here are links to some free sources of support mentioned in the podcast:
The charity Turn2Us has a very user friendly benefits calculator
If you are looking for more information about finding an insolvency practitioner, please see:
R3 (the trade body for insolvency practitioners)
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