Author: moister

  • client16

    Trustee of a Retirement Benefits Scheme dating back to the 1960s that was neglected administratively. Also acted as Trustee of the related Pension Trust Fund, with a joint capital value of £2.5M. Both schemes presented unique issues: tracing missing beneficiaries, funding shortfalls, dealing with scheme auditor, dealing with Pensions Regulator, asset and income re-allocation from the sponsoring employer, administrative problems due to lack of stewardship, legal alteration of Trust Deeds to enable corrective actions and misallocation of funds between company and both schemes. Resolved all the problems, winding down the latter and leaving the former up to date and complete in all aspects.

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  • 5-tips-software-negotiation-process

    Negotiated with a landlord to surrender one shop lease while retaining the other shop lease, both held in the same client company, thereby averting imminent closure of the client as they could not service rent on both. Negotiated retention of the £100k rent deposit on the surrendered lease in the Company’s name and further agreed a £60k rent free period on the remaining lease.  Client avoided closure and managed to continue trading through the one store.

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  • Finance2

    Achieved a 48 month settlement with HMRC on a £50k debt owed by the client company, given special circumstances. HMRC accepted the director was effectively paying a company liability personally. The creditor company had no income and the director was funding the company just to hold a lease, pending transfer.  The agreement was maintained until the lease was legally transferred some 18 months later, whilst HMRC ‘unofficially’ wrote of the balance outstanding of 30 months.

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  • corp

    Assisted ‘new co’ owners to transfer detailed operating and administrative capability from an ‘old co’ seamlessly. Negotiated with finance companies to acquire ‘old co’ assets directly. Assisted management on order fulfilment and internal system operation, ensuring they could operate as ‘old co’ used to. Ensured minimal impact upon the customers.

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  • corporate-services

    Prepared business evaluation model and finance function reorganisation for a hotels group. Conducted HR function, hiring staff and dismissing others, whilst introducing efficiencies to the central office accounting systems. Reported on the entire operation including different group hotels and branch management capabilities and shortcomings. Improved efficiencies and controls within the Group.

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  • corp

    Mediated between two directors where the relationship had broken down irretrievably. The impasse was due to one director refusing to depart until his shares were purchased by the other, whilst the other refused to buy them at the price requested. Immense personal issues clouded the negotiation. Discussions were fractious but resolution was achieved over time, with the impasse being lifted by brokering each view to the other, and eventually getting the directors around a table.

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  • nego

    Two friends of ten years became business partners. They discovered they could not work together and had not spoken for over a year until Colonnade became involved. Prepared groundwork for successful disposal of shares from one party to the other and mediated throughout the process to completion. The matter was resolved by engaging and listening to both sides and brokering each view to the other and eventually getting the parties around a table.

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  • client16

    Client’s goal was to secure a particular London location. Negotiated purchase of the going-concern, persuading owners who did not need to sell and were uncertain about doing so, to agree to enter sale negotiations.

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  • corporate-services

    Controlled the £5M sale of a going concern as FD of the vendor. Prepared a ‘watertight’ due diligence pack at the request of the buyer’s Accountant. Caught onerous ‘Maxwellian’ clauses inserted in the sale contract by the buyer. The process took six months to completion and was fraught throughout with multiple issues that were resolved to the satisfaction of all parties, including the fifty+ vendor shareholders.

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  • corp

    Negotiated the purchase of a fashion retail outlet for the client, from owners needing to cut their losses. The price agreed helped the owners minimise further loss, whilst leaving the client with stock, a rent deposit and a three month rent free period, the latter negotiated independently with the shopping mall’s landlord. The net value gain for the client was £150k after the consideration payment.

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