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September 2022 Newsletter: Running the slide rule over recovery
For thousands of schoolkids and parents, not just in the UK, September has meant a new one of these. Half empty by Christmas and a discarded box by the following July, the Helix Oxford has become an annual repeat purchase for several decades. Like new shoes, it...
The political challenges facing the UK’s incoming administration
How will historians make sense of the unremitting political turbulence that has engulfed the UK since the EU referendum in June 2016? Well, it is instructive to step back from the trauma that has played out exclusively in the Conservative Party these past six years....
Don’t write off British factories just yet
Stagnation looms for British business. New August figures show that the private sector slowed to a snail’s pace as factory output fell and the larger services sector struggled to match July. The S&P Global/CIPS Purchasing Managers' Index (PMI) estimate dropped to...
The Show Must Go On
One of the many great pleasures of being in London for at least part of the summer is the wonderful feeling of leaving a theatre, with hundreds of other happy people, to walk out into a warm evening buzzing with life. Our love of opera at Buchler Phillips is well...
Battling inflation leaves yet more bruises
It is no surprise at all that the Bank of England has announced the first 0.5 percentage-point jump in the official lending rate since it was granted independence from the government in 1997. Surging prices over the past two years have been a rude awakening for...
SMEs and the cost of living crisis
The cost of living crisis is a ‘cost of doing business’ crisis for a very large number of Small and Medium Enterprises (SMEs). While inflation hit a fresh 40-year high of 9.4% in June, input price inflation for the 12 month period reached 24%, its highest on record. ...
Offsetting crypto losses won’t prevent income tax bankruptcies
It may be a long time before brave retail investors discover whether or not cryptocurrency is shrouded in the emperor’s new clothes. Collapses of crypto-based businesses all over the world in recent weeks have followed an estimated $250bn fall in valuations of digital...
Airline survival needs more than a wing and a prayer
In a year of major anniversaries and jubilees, one ‘ruby’ milestone in the restructuring world has passed largely without notice in 2022: 40 years since the high profile collapse of transatlantic budget airline Laker Airways. Time flies, even if Laker doesn’t anymore....
AMG and Buchler Phillips launch JV for airline and aviation turnaround
London: 27 June 2022 Airline Management Group Ltd (AMG) and Buchler Phillips (BP) are delighted to announce a unique joint venture, offering the aviation industry a wide spectrum of business consulting expertise to address its complicated and critical challenges....
Directors must avoid misguiding creditors over trading
The very public dispute between recently rescued fashion retailer Missguided and its suppliers raises the important issue of wrongful trading and the risk it poses to company directors. Missguided was acquired in May by Mike Ashley’s Frasers Group in a pre-pack...
On this Jubilee weekend, God Save the Boss!
Would HM The Queen make a good CEO? It’s an odd question, I know, but one I’ve been asking myself in recent weeks as her Platinum Jubilee coincides with a very challenging period for businesses. In some ways, the Queen is already a boss on a very large scale. When her...
Don’t be fooled: football’s billions are among the hardest earned
AN EXCITING and eventful end to the 2021/22 football season in the UK has been topped by yet another major club changing hands. The £4.25bn sale of Chelsea FC to a consortium led by Todd Boehly suggests that US investors think the Premier League is still undervalued...
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