NEWS
SPACS – AN IDIOTS GUIDE
In several previous newsletters I’ve mentioned the increased use of SPACS, and given the popularity of this relatively new process, I thought it would be a good idea to go back to basics and provide a bit of an idiots guide to SPACS. A SPAC is a Special Purpose Acquisition…
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THEY ASK YOU ANSWER – BOOK REVIEW
This month’s book review is ‘They Ask. You Answer’ by Marcus Sheridan. Not only have I read the book, but I also had the pleasure of hearing Marcus speak for more than an hour at an Entrepreneurs Conference a few weeks back. If you ever get the chance to see…
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WINDING UP PETITIONS
In April 2020, the UK Government took the extraordinary step of preventing creditor winding up petitions for those companies that had been financially adversely impacted by the outbreak of Covid-19. The move was intended to try and prevent businesses being subject to aggressive debt recovery action that could ultimately lead…
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THE ART OF DUE DILIGENCE
Over the past few years, I have worked on a number of financial due diligence exercises for clients. This was either assessing possible/actual targets for acquisition, or on the other side, to provide the due diligence information to a third party to vet and review everything before it goes off.…
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23 BEST PRACTICES TO PREVENT FRAUD
Following on from last months article on fraud and preventing it and not relying on your auditors to spot everything, given some of their high-profile failures, here is a list of 23 best practices that will help prevent fraud. This is by no means a full list, but having these…
Read MoreBAD BLOOD – A BOOK REVIEW
This month’s book review is ‘Bad Blood. Secrets and Lies in a Silicon Valley Startup’ by John Carreyrou. This links to the news item this month concerning the current trial of Elizabeth Holmes, the founder and CEO of Theranus. The book charts the rise and then spectacular collapse of a…
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DON’T COUNT ON YOUR AUDITORS SPOTTING FRAUD
The government had previously called for a review of the British auditing industry following a series of scandals and failures in the auditing process. This includes many I have covered before including Carillion, Thomas Cook and Patisserie Valerie. In another recent case, PWC are being sued by the administrators of…
Read MoreKIPCHOGE – THE LAST MILESTONE
This month’s review is on a film rather than a book and is the The Last Milestone docu-film of Eliud Kipchoge’s attempt to run the marathon in under 2 hours. Many may just see this is as one man’s quest to beat the 2 hour barrier for the marathon, something…
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THE PROPERTY FUNDING MARKET
As the COVID pandemic hit, it was very interesting to watch the way that the non-mortgage property funding market and funders reacted to the news. Naturally there were some pretty major issues for those in the property market including the developers and the funders and these included initially not being…
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