This brief update has been prepared for tenants who find themselves in arrears as The Commercial Rent (Coronavirus) Bill (the “Bill”), currently making its way through Parliament, will change the current situation regarding pandemic arrears and the ban on certain landlord remedies.
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A combination of economic uncertainty, rising unemployment, changing consumer behaviour and national and regional “lock-downs” have exacerbated existing pressures often experienced by start-ups, including lack of funding. With thin balance sheets, cash flow challenges and (often) debt, many start-ups simply have less capital and resources to fall back on in time of crisis. There are, inevitably, risks of business failure.
Cash flow and funding considerations in light of government guidance as of 1 October 2020
Options for commercial tenants that are experiencing financial difficulties
A summary of the processes involved and obligations that arise when striking off a company
The steps to follow when furloughing employees from 1 July 2020 under the Coronavirus Job Retention Scheme (CJRS)
Sally Johnston joins the Ignition Finance team to discuss the different loan funding options for SMEs affected by the Coronavirus pandemic.
A guide to the practical steps that borrowers can take when experiencing financial difficulties as a result of the COVID-19 pandemic.
Property law specialists Catherine Campbell-Barnard, Helen Lucas and Lauren O’Sullivan discuss the impact of COVID-19 on tenants and the impact on business properties.
A guide to the practicalities around chasing overdue invoice payments and loan repayments