By Brittany Fisher of financiallywell.info 19th May 2021 If you have an entrepreneurial spirit, you probably dream of quitting your day job to run your own business. Of course, you might also find yourself wondering whether it’s a good time to start a business. As it turns out, according to Forbes, it’s always a good […]
Read moreby Linda Everett, Executive Coach at Inner Power There is a common thread between those who lose a business and professionals who find themselves out of work, after years invested in building a career. It hurts, and the emotional impact is just as great as any physical loss. Work offers status and identity, but building […]
Read moreby Caroline Clark, Director of RMCSC Limited Since April 2016 insolvency practitioners have not been able to recover either success fees or uplift fees in conditional fee agreements or any adverse costs insurance premium, as insolvency practitioners’ exemption from the Legal Aid, Sentencing and Punishment of Offenders Act 2012 came to an end. Regardless of consideration of […]
Read moreby Azra Malik, Director of Simple Resolve limited. Case Allen and another, Re Longmeade Ltd (in liquidation) [2016] EWHC 356 (Ch) (25 February 2016) (Bailii) The judgment is interesting because of its factual background, rather than any unique point of novelty in the decision itself: The main point of interest is the clear and concise statement by […]
Read moreby Caroline Clark, Director of RMCSC Limited Everyone is familiar with the cliché ‘pay peanuts and you get monkeys’ and experienced employers are also aware that to create a successful team you need to do more than just pay the highest salaries. Qualified professional people demand more than a lot of money; job satisfaction, career progression and […]
Read moreby Caroline Clark, Director of RMCSC Limited Insolvency practitioners, who have studied to pass the professional exams, will have learnt about insolvency legislation. This includes law and rules, Statements of Insolvency Practice, regulations, case law and the insolvency ethical code. The ultimate purpose of all this legislation is to ensure that insolvency practitioners do a good […]
Read moreby Mike Pavitt, Partner of Paris Smith LLP Solicitors So-called “Creditor Portals”, and other similarly titled electronic platforms by which insolvency practitioners typically circulate any meaningful information to creditors about insolvent estates, have been a bugbear of mine ever since they were first used a little while ago. Don’t get me wrong; I absolutely applaud the […]
Read moreby Giles Campbell, CEO of Red Pike Capital I’m frequently asked by shareholders of failing companies to review them for their turnaround potential, seeking the answer to a few key questions: Can it be fixed? What will it cost? Is it worth it? Assessing the company The primary objective is to develop a hands-on […]
Read moreby Simon Belton, director of BM Structured Finance There has been much said in the press over the last few months about the decline in traditional bank lending to SME’s, and the Government’s failed attempts to rectify this. To fill the void left by the Big Four banks a whole raft of new financiers have entered […]
Read moreby Giles Campbell, CEO of Red Pike Capital When the shareholders of a business are faced with a broken, loss-making business, turning around the company is a highly desirable outcome. How to do this, however, is the question. There are three commonly used approaches for shareholders to attempt company turnarounds: Financial Restructuring Advisory led […]
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