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It may seem obvious, but we are finding from our own business – as well as the clients we are acting for – that rapid and decisive action, laser focus, clinical prioritisation and unswerving dedication from employees are some of the key ingredients required to mitigate the inevitable effects on UK businesses in the current climate.

Whilst initial announcements of Government support have been welcomed by many, that financial support is yet to come into effect in any meaningful way, and a lot of the finer details have to be revealed. The next few weeks will feel extremely difficult for business owners across the board, at home and at work, but there does seem to be light at the end of the tunnel if current mass isolation plans prove successful in halting this virulent strain of CoronavirusIn addition to our usual work, we are now busy helping businesses design and implement financial crisis plans, and working with our extensive network to act as the informed intermediary between SME businesses seeking much-needed additional financial assistance, and the banks authorised to lend under the new Government proposals.

Castle is absolutely committed to supporting the owner-manager and family businesses survive and even thrive in these unprecedented times. If you are in need of urgent advice on how best to position your business during this time or want to find out more on how to access CBILS or other forms of debt, then please do not hesitate to contact one of the team.  We wish everybody the very best of the luck over this challenging time.

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27th March 2020

Putting you in the picture

Remind me why am I here

Remind me – why am I here?

MAKING SURE YOUR TEAM HAS RENEWED FOCUS AND PURPOSE "A team is a group of people who are interdependent with respect to information, resources, knowledge…
What is NOT a qualifying trade?
A company can be assumed to undertake a qualifying trade, unless it is involved in a non-qualifying trade. Examples of non-qualifying trades are:
  • dealing in land, shares or financial instruments;
  • providing finance or insurance;
  • leasing or receiving royalties or licence fees;
  • legal or accountancy services;
  • certain property-based trades such as property development, farming, market gardening, hotel management and operating or managing nursing homes or residential care homes;
  • the generation or export of electricity or the generation of heat or any other form of energy; producing gas or fuel.
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