The Reynolds Report – October 2020 Feeling a bit like the bar hostess in the film The Blues Brothers who proudly announces, “We have both kinds of music here, Country and Western…,” I can confirm that we do both kinds of work in the Property and Commercial Department at Barrett & Co – Property and…
Whether you like him or loathe him Alan Sugar is one example of a British business mogul who has built himself up from a one-man market trader to an international billionaire business tycoon and is now the face of a plethora of business ventures. But following Lord Sugar’s health scare last year (from which luckily…
“Live as though you will die tomorrow, but farm as though you will live forever.” – John Marsden “…But always remember that you might not.” – Martin Reynolds Readers are (or should be) already familiar with me urging owners and directors of companies to consider creating Lasting Powers of Attorney so that the continued running…
It is the number one news topic in recent weeks and is likely to be so for quite some time. However, for businesses, the coronavirus outbreak has left them facing some unexpected, yet significant, issues. High among them is the effect of the virus on contracts and business will want to know whether their contract…
We all know about and are familiar with the importance of advice from accountants in the context of business sales. They can advise to ensure that the transaction is put together in a tax efficient way – that maximum use is made of the various reliefs available (including, in particular, entrepreneur’s relief). This will have…
Football coach Bob Higgins has been found guilty of criminal abuse, but are his employers, Southampton FC also liable to his victims in a civil claim? The former youth football coach was found guilty of 45 counts of indecent assault recently and his conviction will allow a Football Association review into child sex abuse allegations…
One of the problems facing modern business is maintaining cash flow. Nearly all business will have costs, such as salaries, rent and business taxes that must be paid regardless of how much they receive in income. Whilst the vast majority of invoices are likely to be paid without dispute, difficulties arise when there is a…
Plain Jane to Alphabet Soup in 5 Easy Steps Readers will already be familiar with the concept of the “share capital” of a company and with seeing declarations (in the accounts and elsewhere) that the “issued share capital” of the company is, for example: “10 Ordinary Shares of £1 each.” Breaking down that statement a…
In a recent case, Sanderson Ltd v Simtom Food Products Ltd (February 2019) the parties entered into an agreement in November 2014 for a project involving the supply of software and support. There was to be a review of the client’s business and its requirements with a view to the preparation of an implementation plan….
