In the wake of the economic turmoil caused by the COVID-19 pandemic, the UK government rolled out a lifeline for struggling businesses in the form of Bounce Back Loans (BBL). While this financial support was vital for numerous businesses, unfortunately it also created an opportunity for fraud. This article sheds light on the various types of fraud associated with BBL, exposing the challenges faced by authorities in safeguarding public funds.
Closing a limited company is a decision often driven by various circumstances, such as financial challenges, changes in business direction, or retirement. Regardless of the reasons behind the closure, understanding the most cost-effective way to wind up your limited company is essential. In this article, we will explore several strategies and avenues to help you close your company while minimising the cost.