All posts by Sue Maund

White Maund Dress Down Charity Days for Local Forward Facing Charity

White Maund are delighted to have raised £150.00 for their 2018 chosen charity Forward Facing. Forward Facing are a charity that help families and children across the South East, supporting children and young people with long-term illnesses or life-threatening conditions. It aims to help them forget their daily struggles, experience positive emotions, and make lasting […]

Sharp rise in construction insolvencies following Carillion’s collapse

It has been reported that 2,764 construction firms entered insolvency in 2017/18, jumping 6% in just a year from 2,608 in 2016/17 This substantial rise in construction insolvencies can be seen as being partly due to the fall-out following Carillion’s liquidation in January 2018. Many of the reported insolvent firms were part of the supply […]

Beating The Business Decline Curve – A Seminar from White Maund

White Maund held a seminar for accountants titled ‘Beating the Decline Curve’ on 2nd October at the Sussex County Cricket Ground. The seminar was well attended and consisted of a light breakfast followed by a detailed presentation covering the various stages of a business’ decline and the possible outcomes. The seminar then went on to […]

Forget the Chinese Year of The Dog – 2018 is the Year of the CVA

2018 has been reported in insolvency news sources as the year of the CVA (Company Voluntary Arrangement) and in particular the Landlord CVA. The news has been full of established high-street names using CVAs to help streamline their businesses by looking at their leasehold commitments, closing some premises and trying to get rent reductions for […]

Statistics see seaside towns with highest personal insolvency rates

A worrying trend sees that the geographical spread of personal insolvencies shows that seaside towns are most effected. The North East and coastal towns such as Plymouth and Scarborough typically had the highest concentrations of personal insolvencies. The places which have the highest rate of personal insolvency tend to be seaside towns,  as well as […]

Quizzie Rascals

Last night a team from White Maund were delighted to attend a fundraising quiz in aid of Sussex Cancer Fund, orgainised by Consortium Business Solutions. While they didn’t win, the team known as Quizzie Rascals, formed by Neil Hoad, Billy Poulton, Jamie Pain and Alex Grinyer, did come a respectable second. The quiz raised £300.55, […]

Good News from Insolvency Practitioner in Brighton

Good News…… We are often viewed as the Grim Reaper of the business world, only called upon when a company is in dire need. But it is not all bad news, the role of an Insolvency Practitioner is damage limitation and making the best of a bad situation, often saving a company or securing the […]

Casual Dress for Charity Donations

Every year the Staff at White Maund choose a charity to support for the year. Their charity year ends on 31st August which means it’s time to total up the donations for their nominated charity the Great Ormond Street Children’s Charity. Staff fundraising is done through a dress down day once a month by which […]

Autumn Newsletter

  Hello……. We have a follow-up on how the UK restaurant business is doing, we take a look at rising personal debt and give you an insight into Company Voluntary Arrangements. In White Maund company news we are delighted that Sue Maund has been nominated and chosen as a finalist in this year’s Women in […]

Have we lost our appetite for dining out? The UK Restaurant sector continues to struggle in uncertain times

Earlier this year we reported on the struggling restaurant industry following the closure of some of Jamie Oliver’s restaurants. Unfortunately it seems that our prediction for hard times ahead is coming to fruition with more big name restaurants adding to the list including Ed’s Easy Diner and Frankie and Benny’s closing poorly performing sites from […]

Insolvency statistics – the road ahead

The statistics released last week by the Insolvency Service for the first quarter of 2017 show an increase in total company insolvencies in England & Wales of 5.3% compared to the same quarter in 2016, driven by an increase in underlying numbers of creditor voluntary liquidations.  Does this show that economic pressures are beginning to […]

Small steps to being Greener

At White Maund we believe that we not only have a responsibility towards our clients but also to the wider community. As part of our CSR policy (Corporate Social Responsibility), we take seriously our environmental credentials. While we are not a heavy industrial company, we can still take small steps to being greener. The recent […]

Latest Satisfaction Survey Results from White Maund

Thank you to all those that took the time to complete our recent satisfaction survey. It’s important to us to know whether we are giving you the service you want, to know how you feel about White Maund. And just so you know…..we value you too! The results were very heart-warming but this doesn’t mean […]

White Maund Corporate Social Responsibility Policy

We recognise that we must integrate our business values and operations to meet the expectations of our stakeholders. Our stakeholders include our referrers, employees, investors, suppliers, the community and the environment. We recognise that our social, economic and environmental responsibilities to these stakeholders are integral to our business. We aim to demonstrate these responsibilities through […]

Hot topics for director disqualifications

The cause of company failure is examined in every liquidation and directors can be disqualified for between 2 and 15 years where evidence of unfit behaviour is found. In addition the Insolvency Service can use powers under the Companies Act 1985 to wind up live companies which it finds are acting against the public interest […]

Calm before the storm?

The statistics released today by the Insolvency Service show that in 2015, annual company insolvencies were at their lowest level since 1989, whilst insolvencies for individuals were at the lowest level since 2005. The decrease in compulsory liquidations (where the company is wound up through the court) was particularly marked, falling to the lowest figure […]

SMEs owed 40 billion in late payments

Bacs Payment Schemes surveyed 350 firms and found that UK firms are owed £46.1 billion in total. A staggering figure of £39.4 billion is owed to small and medium sized businesses, with larger corporates only being owed £6.7 billion. 60% of SMEs are experiencing late payments, each waiting on average for £38,186 in late payments. […]

The demise of Blockbuster

The Blockbuster brand had traded for nearly 25 years in the UK when it was placed into administration for the first time in January 2013, at which time it had over 500 stores and 4,000 staff. The business was sold by the administrators to private equity group Gordon Brothers, but they were unable to turn […]

Insolvency statistics what do they tell us?

The latest insolvency statistics for England and Wales published by the Insolvency Service for Q3 of 2013 show that there were 3,875 corporate liquidations in Q3 of 2013, down 2% on the same period last year and also down 2.6% on Q2 of 2013. In addition, there were 253 receiverships, 544 administrations and 152 Company […]

Crunch time for ‘zombie businesses’

R3, the professional association for insolvency, business recovery and turnaround specialists in the UK, reports that there are now 108,000 businesses in the UK only capable of paying off the interest on their debts, down from 146,000 in June last year, and well down from the peak of 160,000 last November. This decline has been […]