Jaimie King (Bury St Edmunds)

Mergers & acquisitions (M&A) are at a high – a recent survey found that 66% of UK CEOs expect to pursue transactions in the next 12 months. Our corporate finance team can assist with both acquisitions and disposals of your business, including marketing and due diligence.   In this blog we explore the possibility of…

Time is running out for businesses to apply for Recovery Loans, the follow on Covid-support product from the CBILS.   In order to qualify for the Recovery Loan Scheme (RLS), your business has to have been affected by Covid-19 and you have to apply and have received the funds by 30th June 2022. The RLS…

Whitings LLP, a member of The Corporate Finance Network, has successfully advised on matters surrounding raising a substantial sum of equity finance for a Renewable Energy business. The shareholders approached the Whitings LLP Corporate Finance team for advice on matters relating to raising equity investment to continue its Research & Development projects within the Renewable…

At Whitings LLP we have many trustee contacts that play such a vital role in the charities we act for.   Trustees play an essential role in the governance of charities. They have the skills, knowledge and experience required to contribute to the trustee board of the charity. They also have a strong personal commitment…

Recruitment, selection and induction of trustees is very important in the activities of a charity. It is important that the trustee board of a charity is varied and provides the charity with a mix of skills and experience it needs.   The responsibility for recruitment of new trustees rests with the existing trustee board, who…

  Many people decide to become a trustee to be able to give back to their communities. It is an exciting opportunity to benefit society and make a difference.   Trustees give their time, skills and experience to a good cause, but they can also learn new and useful skills in their role too.  …

Deferred tax is a provision on the balance sheet for timing differences in tax and accounting treatment of certain items, and is measured at the rate of tax that the differences are expected to reverse in the future.   In recent years, deferred tax has been measured at the current corporation tax rate of 19%,…

The government-backed Coronavirus Business Interruption Loan Scheme closed on 31st March to new applicants. Thankfully, the government has put in place further support for businesses, to follow this.   The Recovery Loan Scheme – Government backed loans, 3 months – up to 6 years depending on the product – Up to £10m, no cap on…

On 17th December the government announced a further extension to the Coronavirus Business Interruption Scheme loans (CBILS) – meaning that businesses now have until 31st March 2021 (previously 31st January) to apply.   This welcome announcement means that more businesses will be able to enter the loan scheme, benefitting from the needed funds during these…

For some privately owned companies, negative profit and loss reserves means that they are unable to pay out dividends as they do not have enough distributable reserves. However, they might have a significant share premium reserve, which is a non-distributable reserve. The Companies Act 2006 allows a private company to utilise the share premium account…