Seamus Gates, looks at why management buyouts (MBOs) and employee buyouts (EBOs) can work as succession routes to ensure a smooth transition and continued business success. (more…)
Seamus Gates is a director at professional advisors, MHA Broomfield Alexander.
“No deal is better than a bad deal.” It was a slogan that sat at the heart of the Conservative party’s manifesto in last year’s general election, and one that has undoubtedly influenced the prime minister’s negotiating position with her European counterparts. But, while the tone of the rhetoric may have altered in recent months, there remains a very real possibility that the UK could leave the EU without a significant trade deal. (more…)
Innovate UK – Innovation loans
Loans for game-changing innovations with strong commercial potential that will significantly improve the UK economy. (more…)
Following on from the publication of the Welsh Government’s new Economic Action Plan (EAP) there have been a number of changes to the process for businesses looking to access grant support in Wales. (more…)
A survey by Aldermore of 1,004 senior decision-makers in SMEs revealed that 23% had missed out on at least one new business opportunity due to lack of funding in the past 12 months.
The issue shows no signs of improvement, with 4% more businesses reporting this problem since the same survey was conducted in 2017. (more…)
Corporate Finance Regional Overview for Wales
The headline statistics are a reduction in the number of deals in Wales by 6% in 2017 compared with 2016, and a reduction in the total value of transactions by 21% to £1.1bn. The significantly higher reduction in total value than volume may suggest that the recovery that we have been seeing in recent years following the recession has reached the SME market. Given the nature of the economy here in Wales, we do not consider this to be a bad thing on its own. Taken together with the strong performance in the final quarter and the fact that 2017 was only the 2nd year since 2009 that deal volumes had exceeded 200, the year looks more positive than the initial statistics suggest. (more…)
MHA Broomfield Alexander Manager, Katherine Broadhurst, gives her thoughts on the year ahead in our latest Q&A? (more…)
The Welsh Government this week published a new Economic Action Plan for consultation which sets out how financial support is going to be delivered to businesses in Wales over the next 10 years.
One of the key changes set out in the plan is that in return for financial support there will be an expectation that businesses will enter into an economic contract with Welsh Government to assist with delivering the wider objectives of the economic strategy in Wales. (more…)
Your firm’s COFA is partly responsible for the efficient running of the financial management of the practice, due to their necessary close interaction with the SRA AR. However sole responsibility should not lie with that one individual. All members of your management team should play an active role.
Good financial management processes should include monitoring and reporting procedures. Reviewing consistently updated management information is a way of complying with this requirement, but it may also help to improve business performance. (more…)