From 10 October 2020 Companies House will resume the process of striking off companies if they believe are no longer carrying on business or in operation. If a company is struck off, all its assets will automatically belong to the Crown. Here we look at what is required of companies to make sure this doesn't happen - including meeting filings deadlines.
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With coronavirus changing the way we all do things, the Round 16 Finals and Awards Ceremony of Scottish EDGE was held online for the first time. However, as always, the team at Scottish EDGE did not disappoint and with over £1 million pounds being awarded, the ceremony was aptly named 'The One Million Show'. Here's our take on a great event.
Tonight sees the latest finals of the Scottish EDGE, the UK's biggest funding competition for small businesses which supports Scotland's most innovative, high-growth potential start-ups. The fact that EDGE have managed to deliver the competition despite the pandemic is a testament to the drive it has to deliver for Scotland's entrepreneurs.
It is estimated that by the end of this year the global pandemic will have cost the government over £300 billion, leaving a significant hole in the Westminster purse. It is to be expected therefore that the hole will need a plug of some sort and it is likely that this will be in the form of changes to the country's tax legislation.
The British Business Bank released their 2020 Small Business Equity Tracker report on 26 June 2020, providing an in-depth assessment of equity finance markets for growing businesses throughout 2019. In 2019, a record number of equity investments were carried out (1,832) reaching £8.4bn, up 24% on 2018 and over double the amount recorded in 2016.