Need to form a rescue plan for your business? Consider applying for a moratorium

You may feel with all the pressures in business caused by the coronavirus that there is sometimes no way out.

Here is something that maybe is not widely known that could provide some extra time.

If your business is in financial difficulty and is registered with Companies House, you can apply for a moratorium under the Corporate Insolvency and Governance Act 2020. It will give you 20 business days, free from creditor action, to consider rescue and restructuring options.

For more information visit here www.gov.uk/guidance/applying-for-a-moratorium-under-the-corporate-insolvency-and-governance-act-2020?utm_source=a826c7e8-d43a-42a1-97f3-ad6bc902fbf5&utm_medium=email&utm_campaign=govuk-notifications&utm_content=daily#who-it-applies-to.