Search

Reset
Displaying 10 of 29 results
Budget 2021: Extension of lifelines welcome, but VAT deferral will hit hard
Gareth Harris

03 March 2021

Gareth Harris, Restructuring Advisory Partner at RSM, said: ‘The Chancellor’s promise to extend several major lifelines for businesses is welcome news.

Honest budget signals back to the future on corporation tax and reprieve for hospitality sector, business owners and angel investors
Dan Robertson

03 March 2021

Today, as what he termed ‘honest and fair’ measures to balance the public finances, the Chancellor pledged billions to continue to support businesses and families through the pandemic. He also stressed the importance of encouraging investment, especially in innovation, in order to build the UK’s future economy. This budget signalled a reprieve for business owners and angel investors with capital gains tax rates and key tax relief left untouched, but there remain concerns.

Corporate insolvencies to double in 2021, targeted action is needed warns RSM
Gareth Harris

11 February 2021

RSM predicts a doubling of corporate insolvency in 2021, or in the 12 months after Government support is wound down; and sustained levels of corporate insolvencies 15-20 per cent higher than the previous years (2017-2019) for up to three years.

What to try before you seek a capital and debt restructure
Gareth Harris

22 September 2020

Each of the stakeholders in your business (no matter how big or small) will expect you to have considered some intermediate steps before you approach them for help. This article explains some of the things you must have tried this or asked before you ask for wider support.

Capital and Debt Restructuring
Gareth Harris

22 September 2020

Given the constant change and uncertainty recently, many companies will find themselves with reduced profitability and cash generation through no fault of their own. After reacting to market changes the business model may remain sound, but the current capital and debt structure may hinder future development. There may be limited incentive for management or equity providers to invest further, and debt funders may be concerned about their position. In such circumstances it may be appropriate to consider a consensual restructure.

Alternatives to capital and debt restructure
Gareth Harris

22 September 2020

Capital and debt restructuring processes can achieve a great deal and solve a lot of issues. But it’s possible that other more formal restructuring processes will be required as well - especially if there are more stakeholders than it’s possible to engage with or greater cost savings are needed to ensure survival.

Why a consensual process is vital in capital and debt restructure
Gareth Harris

22 September 2020

In any restructuring process, it is important to keep all stakeholders on board and motivated to complete the deal – even when bumps in the road appear. Maintaining this consensual process can require a great deal of diplomacy, negotiation and some challenging conversations, but it is vital to get the right structure for the longer term.

How to align stakeholder interests on capital and debt restructure
Gareth Harris

22 September 2020

In normal circumstances, most of the key stakeholders in a business share a common aim: the continuing good performance of the company. Their ultimate end goals may differ - your bank may be focussed on repayment of its debt, whereas your employees may be more concerned with job security – but, by and large, there’s alignment. This alignment can break, however, if your business has become burdened with too much debt or the wrong capital structure. Without alignment, some stakeholders can take decisions that may be in their own best interests but that are not in the company’s.

Preparing a business case for a capital and debt restructure
Gareth Harris

22 September 2020

In order to demonstrate that you have too much debt and the wrong capital structure to your stakeholders you will need to prepare and provide some key information. Read on to find out what you will need, why you need it, and how you can prepare it.

Carrying too much debt? You may need a capital and debt restructure
Gareth Harris

22 September 2020

The impact of the coronavirus pandemic meant that many businesses took all possible steps to survive, including taking on more debt. As businesses have opened up some are realising that they are not as profitable as before. And repaying the pre-coronavirus and post coronavirus-debt may not be possible. What can you do if your business is in this situation?

Pages