The path to profitability – 5 top financial tips for new business owners. Jamie Playford & Succession Planning. At Leading Strategies, it is really important that we spot trends across the businesses we work with, least of all because it helps us assist other companies to avoid the same pitfalls.
What makes a good boss, great? It’s been a busy week here at Leading HQ, I’ve just returned from a project on site with a wonderful client in the deepest depths of Norfolk who needed a little help with some staffing matters.
On my first day, one of the things that struck me was how happy and invested in the business the team were. Literally, from the receptionist that greeted me through to the company accountant, the commitment to the business throughout was phenomenal. As somebody who is passionate about employee engagement, it is delightful to see a company doing such a great job of taking care of their staff. I don’t just mean financially, but also through providing the emotional stimulation to get the very best out of somebody. As my time on this project drew to a close, it became obvious that the incredible culture was nurtured by the owners themselves. Received an Accelerated Payment Notice (APN)? Here’s what to do. I am sure by now that many people are familiar with the tax products that are available to help reduce your tax bill.
Barely a week goes by without another celebrity appearing in the news seemingly trying to avoid what they owe in tax. Some of the more popular schemes include Liberty, Icebreaker and Ingenious. Only the strong survive – top ten tips to future proof your business. At Leading Strategies, we work with a wide range of business owners who are experiencing difficulties with maintaining the life of their company.
In many cases, the directors of a struggling business adopt a ‘head in the sand’ approach and by the time they reach out to us for advice, it may well be too late and a formal insolvency procedure is needed. We always aim to preserve the life of a business so I thought It would be worth sharing our top tips to help you recognise some of the actions you should take along with the options available to you. Plan for survival It probably sounds obvious, but always have a plan B. Fail to plan, plan to fail. All successful people in business agree that change is inevitable, and planning is key.
Jamie Playford of Leading Strategies explains why. Having worked with businesses in financial distress for almost 20 years, some reasons for business failure are more common than others. Taking those lessons, we now also help start ups and younger businesses avoid those pitfalls altogether and run their businesses better. Jamie Playford explores the difference – Individual Voluntary Arrangement (IVA) v Bankruptcy? As an insolvency practitioner I often work with clients who have ended up in debt through no fault of their own.
In many cases, people have struggled financially following a redundancy, marriage breakdown or illness and have no idea that there are options available to help them. Whilst entering into an insolvency procedure is a very serious step, in many cases it can allow you to move back towards a financially healthy position. Leading UK. At Leading UK, we know that our people are central to the success of our business.
That is why we look for individuals who are talented, career driven and most importantly, able to embrace the ethos of our Directors – delivering a quality service, every time. As a small, yet growing business, we have big plans for the future and know that having the right people on board will help us achieve them. We are always on the lookout for individuals who stand out from the crowd, who are prepared to roll up their sleeves, work hard and embrace all of the opportunities that we offer.
Our Directors are passionate, energetic and inspiring and have created an environment where every opinion is valued and every staff member matters. We treat our team with respect and are committed to helping each person achieve their own, individual aspirations. Leading Debt Solutions. It’s never too late to start your new beginning.
Often our clients fall into debt through no fault of their own. We listen, understand and provide a solution that gives you a fresh start. At Leading Debt Solutions our team of experts have helped thousands of people make a fresh start. Business Insolvency. At Leading Corporate Recovery, our experienced team of Restructuring professionals and Licensed Insolvency Practitioners are on hand to provide practical, intelligent Corporate Advisory, Restructuring and Insolvency services. Our experts excel at identifying and implementing real world solutions to complex challenges and are always focused on achieving the best outcome for you and your business. Insolvency Warning Signs. At Leading Corporate Recovery, our experienced team of Restructuring professionals and Licensed Insolvency Practitioners are on hand to provide practical, intelligent Corporate Advisory, Restructuring and Insolvency services.
Our experts excel at identifying and implementing real world solutions to complex challenges and are always focused on achieving the best outcome for you and your business. Our Licensed Insolvency Practitioners will always advocate dealing with your financial issues as soon as possible. In many cases, when financial problems are dealt with at an early stage, we have more options that will be able to help.
Creditor Report Centre. Useful links and Information. Leading UK. Administration A business will generally go into administration because it has experienced financial difficulties which may have been caused for a variety of reasons, for example, an unpaid debt or inability to meet HMRC obligations.
At this point an Administrator will be called in to oversee the running of the company in a bid to determine whether the company can continue to trade or be sold to new owners who are confident they can turn the company around. If the company cannot be sold, it will be closed down and all of its assets will be sold to pay any outstanding debts that remain. Administrator The Administrator acts as the controller of a company which has entered into administration.
Leading UK Jamie Playford appears in the EDP to comment on the liquidation of Eco Juice. The importance of maintaining control in turbulent times. At leading Corporate Recovery, I work with many business owners who initially adopt a ‘head in the sand’ approach when trading conditions become turbulent. Whilst it may seem obvious that any issues should be dealt with quickly and effectively, often problem areas are ignored and can then quickly spiral out of control. In many cases, the problems aren’t always immediately identifiable, so it is important that you delve below the surface to understand what is really happening in your business, ensuring you give yourself the maximum opportunity to avoid becoming insolvent. Here are some of the areas you could focus on. Is your business ready for a Brexit? Well, it’s finally been confirmed – after years of lively discussion and heated debate, David Cameron has announced the referendum on leaving the EU will take place on 23 June.
Whilst I am sure we all have our personal views as to whether we want to remain or leave, as a business owner, it is essential that you plan for the potential impact of a departure. Earlier this month, the Financial Reporting Council urged businesses to plan for the potential costs of leaving the EU and whilst these warnings were predominantly aimed at FTSE Companies, small business owners should also take note. Jamie Playford explores how the latest budget will impact SME’s. Recent newspaper headlines have been dominated by two topics, brexit, the budget and the relationship between them. While the brexit remains a matter of speculation, the budget can be analysed in terms of its effect on small businesses – Jamie Playford, Insolvency Practitioner and Business Advisor explores the impact further. No Change on the Move to Digital Wallets and Quarterly Tax Returns. Why use an Insolvency Practitioner?
No matter how much blood, sweat and tears you may have put in to building a business, no matter how much money, time and effort you’ve spent on it, sometimes you have to accept that your business simply cannot continue. However disheartening that situation might be, it can be very much to your advantage to face the situation head on and ask for help from an insolvency practitioner rather than hiding from reality and trying to struggle on.
Here are some reasons why. You will start the process of getting closure. Feel the fear and do it anyway, 5 signs you ARE ready to start your business. Are we ever really ‘Out Of Office’? I haven’t done it for years, but I decided that this time, before I went on holiday, I would put on my “Out Of Office”. Whilst my colleagues loved the intention, their response was a wry smile, an approving nod of the head and the absolute knowledge that this wouldn’t last for too long. It’s all in the planning. The silent revolution – the changing face of HR. HR Professionals. Startup know how – Surviving your first year in business. Has your business been impacted by an unpaid bill? Could you run a business with your friend?
My company might be insolvent – what do I do? Bit of a serious topic today, but an important one! Get it right first time – how to successfully hire your first startup employee. There comes a point in the life of any startup where you need to think about hiring your first employees – a decision so critical that it can make the difference between the success or failure of the business. Put simply, your first employees will help to set the tone and culture of the business, moulding how people behave and what will and won’t be valued as the company grows and develops. For new business owners, hiring your first employee is a big step. Plan for the future – the importance of having an exit strategy. The importance of maintaining control in turbulent times. Is your business ready for a Brexit? Jamie Playford explores how the latest budget will impact SME’s. Leading UK Norfolk Chamber of Commerce. We are please to announce that Jamie Playford and Jo Pyman have been featured on the Norfolk Chamber of Commerce website.
Please see the article here: Norfolk Chamber website. Leading UK Leading UK announce sponsorship of Norwich Cocktail Week. Leading UK Leading UK announce free business advisory session at the 2015 Norfolk B2B exhibition. Leading UK Norfolk sees an explosion in new businesses. Leading UK Leading UK announce sponsorship of local football club. Leading UK Jamie Playford comments on impending changes to the solar energy industry. Leading UK Leading UK appear in the November issue of the Norfolk Voice.
Leading UK East Anglian region witnesses rapid growth. Leading UK Jamie Playford appears in the January issue of the Norfolk Voice magazine. Leading UK 30,000 Businesses in the East of England impacted by insolvency. Jamie Playford. Personal Guarantee. HMRC TTP Norfolk, Suffolk, Lincolnshire & Cambridgeshire. Bankruptcy Norfolk, Suffolk, Lincolnshire & Cambridgeshire. IVA Norfolk, Suffolk, Lincolnshire & Cambridgeshire. Winding Up Petition. Members Voluntary Liquidation (MVL) Norwich, Norfolk. CVA Norfolk, Suffolk, Lincolnshire & Cambridgeshire.
Company Liquidation CVL Norfolk, Suffolk, Lincolnshire & Cambridgeshire. Insolvency Practitioners in Norwich, Norfolk. Administration. Business Insolvency. Leading UK. Leading UK (@LeadingUK) Insolvency Practitioners Norwich & Norfolk.