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Category Archives: Finance
Conviviality PLC- Spreadsheets and Risk Management
This week, Accounting Web ran the news story that Conviviality, one of the UK’s largest drinks wholesalers, had entered in administration. “The business has been in a death spiral since the beginning of March, when the retailer said its adjusted … Continue reading
Are Your Profits under Threat?
I note from this week’s Sunday papers that Ernest Young Accountants, reported that profit warnings were at their highest since the 2008 crisis. The comment is made that “many UK companies still face sluggish, disrupted and competitive forces with Brexit … Continue reading
Posted in Business Analyst, Finance, Strategy
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Lola Sports Cars in Administration- A Directors Perspective.
As a motor sport fan, I was saddened to see the announcement this week that Lola Cars were to be placed into administration. For those of you who are unaware of whom Lola are, they are a specialist sport car racing … Continue reading
Posted in Finance, Organisation, Strategy
Tagged Administration, business planning, economic position, Lola Cars, Risk Management
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Autumn Statement 2011
George Osborne presented a not unsurprising statement given the debt laden economy, but within the statement there were some opportunities to be looked at and considered. The following key points are taken from business zone, posted by John Stokdyk. Kicking … Continue reading
Stop Budgeting Start Improving
An interesting article has appeared in the Harvard Business Review regarding budgeting. The tenet of the article is that you should abandon budgeting as a management process and instead focus upon driving inefficiency out of the cost drivers to the … Continue reading
Posted in Finance, Organisation, Strategy
Tagged budget model, Budgeting, Corporate budgets, How to budget
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Responsibility for Accounts
One of my clients has had a particularly tough year and is only now being to see their way out of it. Thanks in no part to sheer hard work on behalf of all of the staff and our own … Continue reading
Posted in Finance, Systems
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The Accounts Are Always Right- Or Are They?
“We built a lot of this” – The CEO was clearly proud when he surveyed the Malaysian skyline but alas his pride was to come shattering down a few minutes later when his Projects Director was to walk in for … Continue reading
Posted in Finance
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