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COVID-19: Managing Maritime Cash Flow

Posted on: 9 April 2020

Thank you to those who joined our COVID-19: Managing Maritime Cash Flow webinar on Wednesday, 8 April.  This webinar was aimed at SMEs and was organised by Maritime London member BDO LLP in partnership with Maritime London for the UK maritime community. The event outlined the measures announced by the UK Government and explained how businesses can access them, with an added focus on managing cash flow.

The webinar, hosted by Richard Greiner (pictured), Maritime London director and BDO Shipping Partner and Jos Standerwick, Chief Executive of Maritime London was a great success which has received excellent feedback.

Greiner explained: “the purpose of this webinar was to join together, sharing wider knowledge and expertise to all maritime companies who inevitably are facing unprecedented economic uncertainties. The webinar was led by subject matter experts from BDO to help companies with understanding and accessing the government’s financial support packages and offer practical advice where possible.”

The fully-packed agenda covered a variety of pertinent topics such as a current economic overview,  the UK government’s measures announced and how to access them, COVID-19 loans, suspension of wrongful trading provisions, COVID-19 for employers and the self-employed, VAT considerations, Time to Pay arrangements  and ended with a lively Q&A session.

BDO is well-known for its extensive experience and knowledge on delivering audit and assurance, tax and advisory services to the maritime sector. Therefore they are well placed to answer any questions that readers may have about the various measures that the UK government has put in place to support businesses in this time of uncertainty.

Please follow this link to access the webinar.

Should you wish to understand more about any of these highlighted topics, BDO would be delighted to assist. Please contact Heloise Beresford at heloise.beresford@bdo.co.uk.

What is Maritime London?

Maritime London – the promotional body for UK based companies providing professional services to the international shipping industry

Funded by over 100 companies and organisations from a wide range of disciplines, Maritime London ensures that the UK remains a world beating location to base a maritime related business. Maritime London’s mission is to promote the UK as the world’s premier maritime business centre.

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The UK is home to a world beating array of professional maritime service providers. Maritime sectors include:

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