SMEs and the cost of living crisis

SMEs and the cost of living crisis

The cost of living crisis is a ‘cost of doing business’ crisis for a very large number of Small and Medium Enterprises (SMEs). While inflation hit a fresh 40-year high of 9.4% in June, input price inflation for the 12 month period reached 24%, its highest on record. ...
Airline survival needs more than a wing and a prayer

Airline survival needs more than a wing and a prayer

In a year of major anniversaries and jubilees, one ‘ruby’ milestone in the restructuring world has passed largely without notice in 2022: 40 years since the high profile collapse of transatlantic budget airline Laker Airways. Time flies, even if Laker doesn’t anymore....
Directors must avoid misguiding creditors over trading

Directors must avoid misguiding creditors over trading

The very public dispute between recently rescued fashion retailer Missguided and its suppliers raises the important issue of wrongful trading and the risk it poses to company directors. Missguided was acquired in May by Mike Ashley’s Frasers Group in a pre-pack...
On this Jubilee weekend, God Save the Boss!

On this Jubilee weekend, God Save the Boss!

Would HM The Queen make a good CEO? It’s an odd question, I know, but one I’ve been asking myself in recent weeks as her Platinum Jubilee coincides with a very challenging period for businesses. In some ways, the Queen is already a boss on a very large scale. When her...