1 day (6 CPD Hours)
Introduction
The UK economy is becoming
increasingly volatile.
Problems facing the financial sector following the sub-prime
meltdown have now started to ripple outwards with the
credit crunch reaching the high street. Businesses are
at risk!
Whether you are advising a client in the SME sector or
working in the finance function of this integral part of
a UK business, don’t miss the warning signs. No matter
how bleak the outlook is for your business by picking up
on even the faintest alarm bell you can prevent disaster!
This year, CCH’s Annual Insolvency Conference will look
at tell-tale signs of a distressed business, options that are
available and how to turn the business around.
The course in detail
- how to gauge the health of a business
- a fresh approach to finance when traditional
routes are blocked
- the options open to distressed businesses and advisors
- a turnaround case study
- top tips to navigate yours or your clients
company through troubled waters
- the role of the insolvency practitioner
in the SME sector
- advice
- restructuring
- refinancing
- the role of the auditor – don’t get
caught for failing to highlight trouble
- director’s liability.
09:30 – 09:40 Welcome
David Kerr, Chief Executive, IPA
09:35 – 10:20 Gauging the health of your business
- avoiding the inevitable
This session will help you in identifying the key
profit and cash drivers that businesses should
monitor and manage, and understand the
warning signs to take effective action.
- The good, the bad and the indifferent
- The reasons for and reaction to failure
- Trends not figures
- Time is of the essence
Philip Beavan, Outsourced FD
10:20 – 11:05 Directors liability - civil criminal liability
implications
There a wide range of potential sanctions which
directors may face. Some of the issues considered
will include matters arising under:
- the Insolvency Act 1986 - wrongful and
fraudulent trading, voidable transactions
(transactions at an undervalue and preferences),
anti-phoenixism provisions
- the Companies Act 2006 - statement codifying
directors' duties, loans to directors, indemnities
given to directors
- the Corporate Manslaughter and Homicide
Act 2007 - easier criminal prosecutions to
be brought against companies for Corporate
Manslaughter. Unlimited fines based upon
turnover and damage to reputation (the courts
will be able to make "publicity orders" for
example) could severely and adversely affect
your business
- understanding and managing the risks involved.
Howard Roberts, Solicitor
11:05 – 11:20 Refreshments
11:20 – 12:05 Options open to distressed businesses
This session will look at the options open to
distressed businesses, how to form a survival plan
and how to restore confidence to management,
investors and lenders.
Tim Ball, Partner, Mazars
12:05 – 12:50 Turnaround case study
TMP specialises in debtor led turnarounds and
was independently ranked (by its peers) as one
of the top 10 turnaround firms in the UK in
2001. During this session Doug MacDonald will
offer an in depth view of TMP's work in this area.
Doug MacDonald, Partner, TMP
12:50 – 14:00 Lunch
14:00 – 14:45 Top ten tips to navigate your company
through troubled waters
- Practical problems facing businesses
in a downturn
- Lessons learned from the last recession
- How to avoid meeting an insolvency
practitioner!
David Tann, Head of insolvency and recovery
services, The Nortons Group
14:45 – 15:30 Trading your way out of trouble
The session will cover the following issues:
- how to identify when you are in trouble -
the difference between a cold and pneumonia
- identifying the levers available to a business when you are in trouble
- the power of a plan B - always assess the
options
- the power of a good story - stakeholder
management.
Jane Moriarty, KPMG LLP, Restructuring
15:30 – 15:45 Refreshments
15:45 – 16:15 The role of the Insolvency Practitioner in the
SME sector
This session will look at the licensing regime and
the procedures for which a licensed IP are
required. David will also outline the IP's duties
such as reporting on directors.
David Kerr, Chief Executive, IPA
16:30 – 17:00 The role of the auditor - don't get caught
for failing to highlight trouble
- How much is the auditor to blame when
things go wrong?
- What troubles should the auditor be
highlighting?
- Risk assessment - how can it make a
difference?
- Internal controls - relevant to SMEs?
David Duvall, Training Manager, Chantrey
Vellacott DF
17:00 Round up and Close
David Kerr, Chief Executive, IPA
What are the benefits of attending?
Learn how to carry out a health check on a business
Identify tell-tale signs of trouble early on and create
opportunities for recovery
Experts will be on hand to offer tips to help you
understand your options
Gain 6 CPD hours to help fulfill your requirements
Talk with other delegates facing similar challenges!
Who should attend?
GPs advising SME clients
SME Corporates
Licensed insolvency practitioners advising the SME sector
List of events
|
Date |
Time |
Location |
Code |
Options |
| 25 Sep 2008 |
9:30 -17:00 |
London |
8CF0016 |
book
|
details |