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Nearly a third of small businesses expect the problem of late payment and cash flow to get worse, according to a survey conducted by Lloyds Bank. The survey reveals that late payment of invoices remains the main cause of cash flow problems facing UK firms. One in five businesses admit it’s causing them difficulties, and
The government has commissioned an independent review to find ways to encourage more people to set up successful businesses. It will be led by Michelle Mone, who founded the lingerie business Ultimo and turned it into a multi-million pound company. Nearly 70,000 new businesses have already been created through the New Enterprise Allowance scheme, which
The European Court of Justice (ECJ) has ruled that if employees don’t have a fixed place of work then the time they spend travelling from home to their first job of the day should be classed as work time. The same principle applies to the time spent travelling back home after the last job of
New regulations designed to improve standards in business could lead to more directors being disqualified. The measures, which came into force on 1 October, state that the Secretary of State can seek to have a director of a limited company disqualified if they: • breach laws or regulations • have been convicted of a company
New regulations governing the use of section 21 eviction notices and specifying the information landlords must provide to tenants came into effect on 1 October. Landlords must provide tenants with the following information at the start of the tenancy or as soon as possible afterwards: • a copy of the Energy Performance Certificate for the
What are they? Lasting Powers of Attorney are forms you complete and sign, naming people you want to be able to make decisions for you which continues even if you are no longer able to make them for yourself (if, for example, you have dementia or are unable to communicate following a stroke). What type
Unless we have been through it before, most of us don’t know what we are supposed to do from a legal point of view when someone close to us has died. Our Private Client department can assist you to make sure you are doing the right thing by the beneficiaries of the deceased’s estate and
Temporary workers have the right to be informed of vacancies at the company employing them but that doesn’t automatically entitle them to be interviewed for any particular post. Employers are also justified in giving preference to permanent employees who are facing the threat of redundancy. Those were the findings of the Employment Appeal Tribunal in
A firm that entered into a contract before the final details were agreed has ended up losing all its assets. The case involved a firm that wanted to buy a property but could not raise the purchase price. It entered into an agreement with a company that would lend it both the deposit and purchase
Machins Solicitors LLP are pleased to announce that they have been recommended in The Legal 500 2015 United Kingdon in the following eight practice areas: South East Corporate and commercial – Corporate and commercial – Beds, Bucks, Herts, Middx South East Dispute resolution – Commercial litigation – Beds, Bucks, Herts, Middx South East Dispute resolution