As part of Menzies commitment to sharing #BrighterThinking our teams of accounting and business advisors have been providing their opinions on some of the leading hot topics raised within some of the UK’s leading national, regional and specialist press titles.
Here follows a summary of Menzies in the media for April 2019.
When sale and purchase agreements go wrong
Financial Director – 1st April 2019
Menzies Forensic Partner Paul Smethurst assesses the key challenges facing sale and purchase agreements and how to avoid the most common pitfalls.
“Conducting a thorough review of these agreements prior to completion is essential in order to identify any potential problem areas in good time, and ensure the transaction is completed smoothly. So what are the most common sources of disputes relating to SPAs and how can they be avoided?”
Read Paul’s guide via Financial Director.
Is your tech business structured for success?
Information Age – 1st April 2019
Menzies Partner and Tech sector specialist Stephen Hemmings explains how – in the fast-paced tech sector – businesses can attract the right funding by implementing the right business structure.
“Although tech-led businesses are innovative by nature, fending off fierce global competition can be a risky and costly process. Currently, around 50% of start-ups fail in the first 12 months, and the sector is littered with examples of businesses that have failed to realise their potential due to funding issues, production difficulties, or a lack of market demand.”
Read Stephen’s feature via Information Age.
Keep your business turnaround options open
Insider Wales – April 2019
Menzies insolvency Partner Beth Evans explains how and why businesses should keep their options open by understanding each turnaround avenue.
“When your business is experiencing financial distress and creditors come knocking on the door, it may seem like things couldn’t get much worse and sliding into insolvency seems inevitable…owner managers should make sure they understand all the options available to them before they take action.”
Read Beth’s feature via Insider Wales.
National minimum wage: What are employers getting wrong?
Personnel Today – 1st April 2019
Menzies Andrew Brookes and Will Sweeney analyse how and why employers continue to get caught out by the changes to the National Minimum Wage and the enforcement role of HMRC.
“In 1999 many thought the NMW would have a beneficial effect on the income and incentive for low paid workers to accept jobs, and the fear was that higher costs to business would lead to higher unemployment. However, while the impact on employment has been minor, there has been a trade off in that more jobs now attract the NMW.”
Read Andrew and Will’s full feature via Personnel Today.
Various – 9th April 2019
Following the news of Debenhams entering into administration, Menzies Business Recovery Partner Simon Underwood responded to the decision to reject Mike Ashley’s bid for the troubled department store group.
“It is likely that Mike Ashley’s pursuit of a controlling stake in the business is far from over. now Debenhams is in administration, we will have to wait and see who the bidders turn out to be.”
Read Simon’s comments via the Bloomberg.
Are you winning at productivity?
CEO Today – 16th April 2019
Menzies advisory partner Martin Atkins explains the steps businesses in the professional service industry can take to effectively manage costs and improve the overall productivity of their staff.
“Before exploring ways to improve productivity, employers should make sure it is being measured accurately. In the professional services sector, this is usually measured in terms of ‘resource utilisation’ or ‘chargeable time’.”
Read Martin’s feature via CEO Today.
How to scale up your firm
FSB online – 17th April 2019
Menzies Director Sam Goodsell outlines 7 practical steps about how to scale up an SME business.
“Before too long, business owners realise that accelerating their growth plans now could bring significant benefits, improving their profitability by allowing them to make economies of scale and boosting productivity. Scaling up now could bring lasting rewards for the business and its stakeholders, but how should they go about it?”
Read Sam’s guide via FSB Online .
Productivity and the gains that follow
Law Society Gazette – 30th April 2019
Menzies Partner Peter Noyce assesses how law firms can improve the productivity of their staff including the use of technology to improve efficiencies within the business.
“In the legal sector, just like accountancy, where generations have been brought up on the concept of completing time sheets and accounting for every six, 10 minutes or whatever length of unit you live by, it is strange that productivity, or at least that recorded, still appears to be an issue.”
Read Peter’s assessment via the Law Society Gazette.
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Menzies LLP is an accountancy firm delivering traditional accounting services combined with strategic commercial thinking. Our services include tax, audit, payroll, business recovery as well as a business and financial consultancy service proven to add value and help your business to grow.
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