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The UK economy continues to face a multitude of challenges.   Political uncertainty and a fast-evolving economy cause turbulence and cash flow pressures.  Accountants have a key role in diagnosing issues and advising when a business faces decline.  Experience confirms that: 

• The sooner the potential risk of insolvency is detected; then 
• The wider the remedial options; and thus
• The improved prospects of optimum outcome, which can mean preserving all or part of a business, 

In that context, accountants are trusted and experienced advisers.  An accountant is often the first call for any director when business declines.  The right advice – including when to consult other professionals – can mean retaining the client. 

This course will aid accountants in identifying factors, which can lead to business failure.   and help you spot the early warning signs. 

In this webinar Howard Roberts will cover the following topics:

• Five golden rules of business – practical tips and good habits; early warning signs
• ways to rescue a company – improving existing systems (to include updating KPIs), fresh investment, turnaround management, arranging time to pay schemes, insolvency specialists.
• fiduciary duties owe by directors – including the duty owed to creditors as from the “twilight” solvency period – the Sequana decision as applied in Hunt v Singh    
• the different types of formal insolvency and different entries/exits. Assessing creditor claims.
• the accountant’s role in a formal insolvency - how to support the process and your client. Having a full overview promotes acting with integrity and ethically, even in tough situations.

By attending this session, delegates will learn practical skills which can applied to a wide range of circumstances where clients: 

• Need focussed advice, often in urgent circumstances of potential or actual insolvency; against 
• A complicated technical legal regime; where 
• The practical impact of any given decision can be immensely significant, whether that decision results in an act or omission.

This session will the session be of most interest to: 

• Client advisers, auditors and business owners

As insolvency applies in a myriad of situations; the course will cover any especially topical issues extant at the course date.

Course level: This course aims to provide a general overview of insolvency issues.  It is thus suitable to a wide range of delegates from those with no prior knowledge to those with more advanced practitioners.