In this 4-part series, David Young, Director of Azimuth Partners, shares some useful tips on growing profitably and explains some common mistakes that business owners make in their growth stage, that eventually leads the business towards insolvency.
Azimuth Partners received a request from the bookkeeper of a Butcher business. The business had been newly acquired but the business acquisition was not a normal acquisition. There was no real due diligence done on the business and there were some false representations made by the seller of the business to the purchaser, which ultimately…
Azimuth Partners received a referral from an insolvency firm in relation to a large, multi-faceted retail business that was facing some financial difficulties. The business was heavily debt laden. The owner hadn’t paid some creditors for three years and was managing to subsist on a day-to-day basis on turnover. In addition, the business was also…
Two years ago, we were asked to value a client’s business. The valuation came in at a significantly different figure to what the client had expected. Once we were able to stabilise operations, we investigated some reasons why. A major part of the reason was that the business was very owner dependent. The business…
