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 June 2019.
How to attract a buyer in the Tech sector
Acquisition International – 5th June 2019
Menzies Corporate Finance Director Alex Duffy explores how businesses in the tech sector can effectively attract a buyer.
“With so much attention on the sector, tech business owners are aware of the importance of making the right impression from the start. Gone are the days, when they might launch a new product onto the market before it has been properly tested in an attempt to gain traction and attract investor interest. Today, tech businesses must be able to demonstrate that their product is fully tested and scalable at the point of market entry.”
Read Alex’s feature via Acquisition International.
Arcadia Group CVA Group Vote Delayed
City AM – 5th June 2019
Menzies Business Recovery Partner Simon Underwood’s comments are featured as part of the ongoing analysis of Sir Philip Greenes’ Arcadia Group to pursue a CVA to prop up the struggling retailer group.
“This is not an outright no, and when creditors come back in a week time, there may be more agreement as to which modifications can be agreed, so there might still be chance of this going through.”
Cross boarder trading risks
Various – 11th June 2019
Menzies International Partner Nick Farmer explains how businesses can deal with the risks associated with trading across borders.
“For small and medium-sized businesses with key customers overseas, managing cross border trading risks and arrangements efficiently is vital. If payments are delayed or local tax considerations are overlooked, cash flow could come under pressure. What can be done to de-risk cross-border trading activity?”
Changes to HMRC’s creditor status
Insider Wales – 21st June 2019
Menzies Business Recovery Director Rachel Lai analyses HMRC’s decision to change creditor status.
“Every so often, I am asked about HMRC having preferential status in insolvencies. It is correct that HMRC used to, but this was abolished by laws which came into force in 2003. However, we have now come full circle and HMRC will be back in a preferential position again.”
Read Rachel’s commentary via Inside Media Wales.
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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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