Due to the current COVID-19 crisis, the UK government has published a temporary Code of Practice. This Code will apply until June 2021 and encourages commercial landlords and tenants to work together and support each other when discussing rent payments … Continue reading →

Overnight on 12 June 2020, the government released guidance on the two significant changes it is making to the CJRS, namely: permitting furloughed employees to return to work on a “flexible” basis; and tapering the amount of the grant employers … Continue reading →

Murrell Associates have recently advised Cornish surfing business Women + Waves (https://womenandwavessociety.com) in relation to its collaboration with global fashion retailer H&M. Women + Waves is an all-female surf society founded by Rachel Murphy which has the aim of bringing … Continue reading →

Designed to give distressed companies breathing space from creditors, the Corporate Insolvency and Governance Bill 2019-21 was published on 20 May 2020 (“CIGB”) and is being fast tracked. It will introduce into law the following: A new statutory moratorium process. … Continue reading →

Future Fund Update The Future Fund, announced by the government on 20 April 2020, opened for applications on 20 May 2020. The aim of the Future Fund is to support innovative UK companies, with good potential, in science, innovation and … Continue reading →

Yesterday (27 April 2020) the UK Chancellor announced a new fast-track loan scheme for small businesses which benefits from a 100% government-backed guarantee for lenders. The Bounce Back Loans scheme offers sole traders, micro-firms and entrepreneurs with much needed protection … Continue reading →

On 28 March 2020, the Business Secretary announced that UK insolvency laws, which deal with wrongful trading by company directors, would be temporarily suspended in light of COVID-19. Wrongful trading is an offence under the Insolvency Act 1986, which applies to … Continue reading →

The Coronavirus Job Retention Scheme (“the Furlough Scheme”) is up and running and employers can now submit their claims for reimbursement from HRMC through the online portal. This follows a fairly tumultuous period where the rules of the Furlough Scheme … Continue reading →

On 20 April 2020 government announced that it is to establish a new Future Fund scheme to support the UK’s innovative businesses currently affected by Covid-19. Innovative businesses have been unable to access other government business financial support programmes, because … Continue reading →

Coronavirus in the workplace – The useful links: From the Government For businesses HMRC Guidance for employers on the coronavirus (COVID-19) Job Retention Scheme and furlough: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme   Coronavirus Job Retention Scheme Webinar   A step by step guide for … Continue reading →