Wednesday Guest Blog

Another blog from Jeremy Frost of Frost Business Services:

It is very rare for me to know more than a day or two in advance what I will be doing.  On Friday I got a call to attend a Board Meeting with a client on Monday to discuss the Company’s pending Insolvency.  It was clear that the Board Meeting was the culmination of a twenty year business relationship which had disintergrated as, amongst other things,  trading pressures had built over the course of 2012.  A tough meeting culminating with the Board inviting in an Administrator.  To paraphrase the Chairman; I could go and borrow £250,000 to refinance this business, but not with  him in it and, quite frankly I would prefer to go back on the tools.

Very sad and very understandable.

And yesterday I was on my way to the little boys room in our business centre, merrily minding my own business when I got asked to partake in a television programme called Real Women which is produced by www.Croydontv.co.uk.  I was invited to discuss the effect of the mountain of debt on UK corporations and how it affects more of us than we might believe.  I tried to inject a bit of  humour but thought better of using my usual joke about buying too many handbags and shoes!  Hopefully it will look as good on the Interweb as it sounded when being there!

Jeremy Frost FABRP MIPA, Director  Frost Group Limited

Tel: 0845 260 0101   Fax: 020 8915 1018    http://www.frostbr.co.uk

Freedman Alexander LLP  – solicitors in Epsom and Ewell – http://www.fallp.co.uk 

Wednesday Guest Blog

Here’s a guest blog by Jeremy Frost of Frost Business Services:

It seems that I have been banging on about the damage done to UK plc by the increase in the prevelence of Zombie Companies and general fraud for months.  Is anybody listening I ask myself?

Well the amount of lip service is certainly increasing in term of the Zombies in our midst.  The latest example is Chris Loughton’s (Editor of R3 Magazine) views in the latest Recovery newsletter.  He is in “the business” so it is unlikely that I would disagree with him too violently, but I find it difficult to explain the current predicament better.  The Recovery newsletter is available on our website: http://www.frostbr.co.uk.

That was first thing this morning.  And next I got a call from a likely new instruction wanting advice on the threats of action being made against him resulting from an alleged personal guarantee of a corporate debt.  All sounded a bit fishy to me with requests to write letters after the event and the further request to remove “without prejudice” from correspondence.  Good job that I could speak to Freadman Alexander to get my head straight.  Something to do with one of the oldest statutes on the books!  dismissing aggressive solicitors is always best achieved once you have succinct advice.  Thanks guys!

Well well; both hobby horses ridden in a morning!

Jeremy Frost FABRP MIPA, Director  Frost Group Limited

Tel: 0845 260 0101   Fax: 020 8915 1018    http://www.frostbr.co.uk