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Sole trader insolvency occurs when the business cannot meet financial obligations. It may be that bills cannot be paid on time, leading to debts which eventually attract legal action by creditors. Insolvency does not automatically equate to bankruptcy; [4] definitions of insolvency are provided within the Insolvency Act 1986. [5]
Soletrader is a British shoe retailer that operates with 28 UK standalone stores and 4 department store concessions, and through its international websites. Of their 28 standalone stores in the UK 18 trade in shopping centres and on high streets as Sole and Soletrader and 10 trade in outlet centres, 5 of which are operated by the McArthur Glen ...
The most optimistic of three scenarios in a late May Construction Products Association (CPA) forecast predicted UK construction output would fall 25% in 2020 before rebounding in 2021 (but still finish 6% lower than 2019) due to the COVID-19 pandemic. [36]
The Insolvent Debtors Act 1842 allowed non-traders to begin bankruptcy proceedings for relief from debts. Any person who was not a trader, or was a trader but owed less than £300, could obtain a protection order from the Court of Bankruptcy or a district court of bankruptcy halting all proceedings against him on condition that he vested all ...
23 January – The UK COVID-19 Inquiry hears WhatsApp messages between Professor Jason Leitch, Scotland's National Clinical Director, and Humza Yousaf, who was then Scotland's Health Secretary, discussing exemptions from wearing face coverings at a dinner. Leitch advised Yousaf to have a drink in his hand at all times as a way of remaining ...
The UK COVID-19 Inquiry hears that Boris Johnson proposed injecting himself with COVID-19 on live television during the early days of the pandemic to prove it did not pose a threat to the public. Lord Lister, a former adviser at 10 Downing Street, describes the suggestion as "unfortunate" and "made in the heat of the moment". [216]
Small business owners should not forget about a rule — currently in legal limbo — that would require them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 21 December 2024. British entrepreneur (born 1964) Mike Ashley Ashley in 2023 Born Michael James Wallace Ashley (1964-09-09) 9 September 1964 (age 60) Walsall, Staffordshire, England Occupation Businessman Years active 1980–present Title CEO of Sports Direct (1982–2018) Newcastle United owner (2007 ...