Thanks for this additional information Melanie - I hadn't realised there were 2 stages - nevertheless, would I be right in thinking that the statutory agencies would generally be compliant, which could probably swing the 50%. We have been advised to cease trading now given that monthly losses are in...

yes, from my daughter, and hopefully in due cours from her husband once he has found work - the business has no appreciable assets

Somewhat complex but my son-in-law's business has collapsed. He personally owes me £100,000 but I will probably write off half of it. I imagine that other creditors will amount to something in the order of £20,000. Once the sole trader business is gone he will be unemployed. His wife earns on the re...