Update 01/09/22 – Lundin Links Hotel

Claire Middlebrook, Liquidator of Kapital Residential Ltd, is pleased to provide the  following update to the community of Lundin Links and the Greater Largo area.  Following on from commentary at the public meeting held on 29th August, at which  point the liquidator mentioned the legislative processes and negotiations with the  secured creditor, the liquidator is […]

Statement – Lundin Links Hotel

A fire broke out in Lundin Links Hotel, an asset currently owned by ‘Kapital Residential Ltd’, of whom Middlebrooks has been appointed liquidator. I am aware that the aftermath of the fire is causing large disruption to the residents and local community near the Hotel. It is my role to work with the various stakeholders […]

Timeline to Government’s Business Support Measures Wind-down

Over the coming weeks and months, business owners will have to carefully plan their debt obligations and cashflow needs as government support winds down, businesses must contribute to the Coronavirus Job Retention Scheme and repayments for deferred tax liabilities and loans are required. March 2021 CLBILS, CBILS and BBLS close to new applicants. April 2021 […]

As A Business Owner, Can You Liquidate Your Company If You Have a Bounce Back Loan?

Thousands of small businesses due to start repaying Covid support loans could find themselves unable to make payments. Can you wind up your company if it already has a Bounce Back Loan? A new legislative measure preventing company directors from informally closing their business to avoid an investigation into director conduct, instead of entering a […]

What Is The Recovery Loan Scheme?

The Recovery Loan Scheme (RLS) was announced by the Chancellor in the Spring Budget and replaces the previous coronavirus loan schemes (Bounce Back Loan Scheme / Coronavirus Business Interruption Loan Scheme / Coronavirus Large Business Interruption Loan Scheme), which closed to applications at the end of March 2021. The RLS has been designed to help […]

As a Director of a Company when Should You start Insolvency Process?

An unexpected downturn in the market can easily have severe implications on business. This is true, even if your company’s financial situation has never been a cause for concern. It’s important to know if a business is in trouble because directors who continue to trade while the business is insolvent risk being made personally responsible for company debts, […]

What does an Insolvency Practitioner do?

Behind any firm that can offer personal and company insolvency services, there is a licensed Insolvency Practitioner or IP. When seeking advice on company insolvency or otherwise, you should always check that the firm has an insolvency practitioner working for them. The IP must be regulated by one of the professional bodies, such as the […]