Businesses in financial difficulty can apply for a moratorium under the new Corporate Insolvency and Governance Act. It is intended to give struggling businesses breathing space in which to develop rescue plans and restructuring options, without the pressure of insolvency proceedings from creditors. The moratorium lasts 20 business days with the possibility of extension, and is managed by a monitor from a licenced insolvency practice. Companies must supply notice of a moratorium to Companies House. The details of the process are here.