#personal-guarantees

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#insolvency #corporate-survival #directors #uk-business #jaguar-land-rover #automotive-supply-chain
UK news
fromLondon Business News | Londonlovesbusiness.com
2 hours ago

From losing everything to exposing the system: The entrepreneur behind Britain's most controversial insolvency book - London Business News | Londonlovesbusiness.com

Directors facing insolvency processes often find no one in the room aligned with their interests except themselves, and lack of knowledge leaves them unable to ask the right questions.
fromwww.theguardian.com
7 months ago

Jaguar Land Rover suppliers asked to put up homes as loan security after hack

Small suppliers to Jaguar Land Rover have been asked to put up their family homes as personal guarantees in order to access emergency loans, with no direct UK government support on offer for parts makers a month after the carmaker was hit by a crippling cyber-attack. JLR, Britain's biggest automotive employer, is considering making advance payments to top-tier suppliers as it tries to restart production after the hack, but smaller parts makers warn they are on the brink of collapse without urgent cash injections.
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