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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. ...
Offsetting crypto losses won’t prevent income tax bankruptcies
It may be a long time before brave retail investors discover whether or not cryptocurrency is shrouded in the emperor’s new clothes. Collapses of crypto-based businesses all over the world in recent weeks have followed an estimated $250bn fall in valuations of digital...
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....
AMG and Buchler Phillips launch JV for airline and aviation turnaround
London: 27 June 2022 Airline Management Group Ltd (AMG) and Buchler Phillips (BP) are delighted to announce a unique joint venture, offering the aviation industry a wide spectrum of business consulting expertise to address its complicated and critical challenges....
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!
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...
Don’t be fooled: football’s billions are among the hardest earned
AN EXCITING and eventful end to the 2021/22 football season in the UK has been topped by yet another major club changing hands. The £4.25bn sale of Chelsea FC to a consortium led by Todd Boehly suggests that US investors think the Premier League is still undervalued...
May 2022 Newsletter: A nation of shopkeepers – looking to sell
The fall into administration – and almost immediate rescue – of publicly listed convenience store chain McColl's shows that even resilient sectors see major casualties. Many such stores have held on to a high proportion of the shoppers who turned to them in...
Boris Becker jailed: A Salutary Warning to Bankrupts
Boris Becker’s two-and-a-half year custodial sentence after being found guilty earlier this month of four charges related to his 2017 bankruptcy is a shocking wake up call to all Bankrupts - whether they are High Net Worth Individuals or not when they find they have...
STRICKEN SMEs IGNORE TECHNOLOGY AT THEIR PERIL
UNDERSTANDABLY, many small businesses see technology as a necessary evil and a sunk cost. Pressures arising from the pandemic, compounded by Brexit and again by war in Ukraine, have done little to encourage SMEs to embrace new aspects of the digital world. Strapped...
Recovery Loan Scheme clock is ticking for SMEs
Rising energy prices, broader inflation worries and an underwhelming Spring Statement from the Chancellor may have overshadowed a useful avenue for help that will be closed to SMEs in less than three months. The Recovery Loan Scheme (RLS), which ends on 30 June, may...
Royals remember Philip with some reminders for business
THE British Royal Family is often referred to as ‘The Firm’ by some of its own members. It’s a tightly run operation, in which key players are expected to pull their weight in service of the country. The corporate analogy is not wasted on the sizeable organisation...
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