Monthly Archives: January 2009

REUTERS | Jason Lee

Collateral damage

New builds for sale?

I think that it is inevitable that a number of relatively new buildings will have to be disposed of by the present or intended occupants. Those buildings will end up in the hands of a bunch of new people ranging from purchasers or occupiers (who have acquired them at a knock-down price) to insolvency practitioners, on behalf of insolvent companies (who would probably rather not have them at all but can’t sell them).

Defects

In some of those cases the recipients may be less than delighted with the build quality and may well end up dusting off any available collateral warranties. Continue reading

REUTERS | Ina Fassbender

UK law currently requires most companies to pay VAT within 30 days of the end of the VAT quarter. The Financial Times recently reported a proposal to extend the payment period for smaller companies, suggesting that it could rise to 90 days. The proposal is intended to improve cash flow for small companies, who are finding it especially hard to get bank finance. Continue reading

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