October 2019 In any business, no matter the size, it is vital to know the financial position at all relevant times and for the business owner to have a good idea how the short/medium term future is likely to unfold. Why? Well, if you don’t know, how can you...

August 2019 Many readers will be aware of the close HMRC attention in recent years in respect an Employee Benefit Trust “EBT” which, in broad terms, is a trust established either in the UK or offshore by a limited liability company to hold cash or other assets for the...

As mentioned in last month’s article, it can take longer than anticipated to turn assets into cash. Then comes the challenge of the liquidator working out who is a valid creditor and hence, might be entitled to receive a dividend. The term “might” is used because much may depend...

When a company is subject to formal insolvency proceedings there tends to be initial media interest in terms of jobs lost, particularly if there is a local slant, and a few weeks later another article will often appear regarding the level of debts and lack of assets, accompanied by...

As has been reported widely in the press, the effects of the collapse of Kirkcaldy-based Havelock Europa plc in the first week of July were softened to an extent by the immediate pre-pack sale of the business to a venture capital firm in London, thereby saving 320 jobs :...

It is an accepted part of the corporate landscape that some companies experience insurmountable financial challenges and fail, although the Meston Reid & Co experience is that when directors seek advice at an early stage and have the courage to make the appropriate operational/financial adjustments, the chances of corporate...