To understand what went on in 2008 it is useful to have some background about the UK financial system. In 1850, to avoid having a run on the bank (à la Northern Rock in 2008) banks tended to maintain a self-imposed 60% of eligible liabilities as liquid assets – this is called the liquidity reserve […]
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Yesterday, 15th December, we had an hour with co-author Jake: Jake spent 10 years at Google and Google Ventures where he created the design sprint – a software development approach adopted globally. Each sprint over 5 days has a focal point – called a Highlight – which creates clarity and motivation. This Highlight is the […]
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More than 1.4 million businesses¹ in the UK have taken advantage of the government-guaranteed loans (worth over £62 billion) to support their cashflows during the coronavirus crisis. This is effectively “free money” for a 12 month period. In addition, many have used the C-19 Job Retention Scheme to ensure the very survival of their business […]
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Yesterday, 6th October, was a real treat – we got to meet this guy – author of this FT Book of the Month: As a submarine captain, Marquet used his counterintuitive model of leadership to turn the worst-performing submarine crew into the best-performing one in the fleet, a story he recounted in his bestselling book […]
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For decades UK governments have sought to impose a fixed employment status on as many in the workforce as possible. If Rishi Sunak (UK Chancellor of the Exchequer) wants to be remembered as a great, reforming Chancellor he should abolish the concept of employment and make all workers independent contractors. Too radical? Let’s dig […]
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Writing this in Week 20 of Covid-19 Lockdown (early August 2020) we continue to see budgets being squeezed and headcounts under pressure. And this is only going to get worse as we emerge from Lockdown and the furloughing scheme is phased out. We have consistently been drawing attention to the benefits of outsourcing; after all, […]
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We are often asked this question; usually phrased something like: “I already have a Financial Controller who manages the data entry and provides good management information and I have my accountant when needed – so why do I need a CFO and what can they add?” So, what value does the right CFO bring to […]
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Now, four months into lockdown and sales for a number of businesses are still weak. What’s on the proactive owner/manager’s to do list? There are a number of big decisions to make. Here is a bit of a hit list with the objectives: Promoting your business – getting it rapidly back on the rails Preserving […]
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Many businesses are finding the restrictions imposed to manage COVID-19 an increasing challenge. Whilst your focus is clearly on retaining customers and maintaining trading; you must also prepare to return to your workplace. It may not be uppermost in your mind that your insurers will expect businesses to be, and continue to remain, compliant with […]
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We have consistently stressed the importance of cash management and it is even more crucial now. Tectona are perfectly placed to help you manage your cash ups and downs. Here is our ELEVEN Point cash preservation strategy pulled together from experiences based on working with our client base which will help you make your cash […]
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