I’ve often found that the renowned entrepreneur Julian Richer writes some very good articles, so when I came across his piece in the Times “Treat workers well... and ignore accountants at your peril” as you might imagine (being an accountant) my opinion was unchanged!
If you are concerned about the future of your business, then take some time to reflect on where you are and what could happen in the next few months. It is now vitally important for all businesses to plan ahead for a range of scenarios. Cash flow and business planning in these uncertain times may appear difficult but there are some practical steps you can take to minimise potential disruption to your business.
This is a question many of our clients want answering! The truth is it depends on a range of factors and any valuation is only useful as a guide for planning forward. The ultimate value of a business is the price a willing buyer is prepared to pay for it.
𝖶𝗁𝖾𝗋𝖾 𝖼𝗈𝗆𝗉𝖺𝗇𝗂𝖾𝗌 𝗀𝗂𝗏𝖾 𝗌𝗁𝖺𝗋𝖾𝗌 𝗍𝗈 𝖾𝗆𝗉𝗅𝗈𝗒𝖾𝖾𝗌 𝗂𝗇 𝗍𝗁𝖾 𝖼𝗈𝗆𝗉𝖺𝗇𝗒 𝗈𝗋 𝗀𝗋𝗈𝗎𝗉 𝗍𝗁𝖺𝗍 𝗍𝗁𝖾𝗒 𝗐𝗈𝗋𝗄 𝖿𝗈𝗋 𝗍𝗁𝖾𝗒 𝗐𝗂𝗅𝗅 𝗀𝖾𝗇𝖾𝗋𝖺𝗅𝗅𝗒 𝖻𝖾 𝗍𝖺𝗑𝖾𝖽 𝗈𝗇 𝗍𝗁𝖾 𝖽𝗂𝖿𝖿𝖾𝗋𝖾𝗇𝖼𝖾 𝖻𝖾𝗍𝗐𝖾𝖾𝗇 𝗍𝗁𝖾 𝗆𝖺𝗋𝗄𝖾𝗍 𝗏𝖺𝗅𝗎𝖾 𝗈𝖿 𝗍𝗁𝗈𝗌𝖾 𝗌𝗁𝖺𝗋𝖾𝗌 𝖺𝗇𝖽 𝗍𝗁𝖾 𝖺𝗆𝗈𝗎𝗇𝗍 𝗉𝖺𝗂𝖽, 𝗂𝖿 𝖺𝗇𝗒. 𝖳𝗁𝖾 𝗍𝗋𝖺𝗇𝗌𝖺𝖼𝗍𝗂𝗈𝗇 𝖺𝗅𝗌𝗈 𝗇𝖾𝖾𝖽𝗌 𝗍𝗈 𝖻𝖾 𝗋𝖾𝗉𝗈𝗋𝗍𝖾𝖽 𝗍𝗈 𝖧𝖬𝖱𝖢 𝖻𝗒 𝟩 𝖩𝗎𝗅𝗒 𝖿𝗈𝗅𝗅𝗈𝗐𝗂𝗇𝗀 𝗍𝗁𝖾 𝖾𝗇𝖽 𝗈𝖿 𝗍𝗁𝖾 𝗍𝖺𝗑 𝗒𝖾𝖺𝗋.
With Russia's invasion of Ukraine creating additional fiscal uncertainty in the UK and around the globe, economic growth slowed in February and, according to the Office for National Statistics, the UK economy is now only 1.5% above the pre-pandemic level in February 2020.