Routes to recovery - Understanding the restructuring plan
Partners at FRP Advisory discuss the restructuring plan, which is becoming an increasingly important option for businesses looking for a route to recovery.
HMRC "to go easy" on struggling UK companies
As companies grapple with factoring legacy liabilities into already challenging trading forecasts the FT highlights some positive news from HMRC. Its clear that the Government will seek to avoid harm to the economy and protecting businesses and jobs must be a priority, however timely and ongoing communication will be needed to achieve further forbearance.
Hotel Sales Demand - June Report
Our latest demand report shows upward momentum in the UK hotel sector with evidence demonstrated across all markets. This despite the temporary delay in the road map with step four and final easing of restrictions now expected to be taken on the 19th July.
Routes to recovery - the insolvency moratorium
The standalone moratorium process, which came into effect via the Corporate Insolvency and Governance Act last year, process could become an important option for businesses to consider as a route to recovery particularly as Government support reduces from the autumn.
https://www.frpadvisory.com/blog/leveraging-the-insolvency-moratorium/
Hotel Sales Demand - May Report
Pent up leisure demand driving demand as the road map provides clarity and confidence for domestic "staycation" bookings. However its clear to see the challenges ahead as the restrictions on international travel and the continued work from home message hamper city and airport location recovery.
RECOVERY - Issue 6 - Support Case Studies
Assured Hotels have experiences in many challenging assignments, updated case studies from before and during the pandemic summarise a sample of different appointments and outcomes.
RECOVERY - Issue 5 - Transition Options to Relaunch
At last, we have a date - 17th May 2021. While we understand it is still “no earlier than”, and it will be at least full 14 months from the first stay at home message, at least now the hard work can start. Assured Hotels continue to offer independent support and impartial advice, from our unique position unincumbered by our own assets.
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RECOVERY - Issue 4 - Business Interruption insurance claims
Following the Supreme Court judgement in favour of the FCA’s appeals, and therefore business interruption policyholders, in January Assured Hotels summarise the main points and the best way forwards with a claim.
UK Court Rulings on Covid Insurance
The Supreme Court judgement in favour of the FCA’s appeals, and therefore Business Interruption policy holders, on the 15th of January finally brought some good news to our beleaguered industry. Kayleigh Fantoni of Clarion Solicitors in Leeds has written this concise and informative summary of the case which has run since last April and relates to insurers refusal to pay out for business interruption caused by the COVID pandemic, and focuses on that recent and welcome judgement in unanimous favour of policy holders.
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RECOVERY - Issue 3 - Hotel Asset Preservation
With lockdown v3 set to continue for at least two months and no certainty to when confidence will return to trade, Assured Hotels look at the difficultly of preserving cash and future asset value.