Wednesday Guest Blog

Jeremy Frost of Frost Business Services writes:

Four day weeks do seem to disappear so very quickly; Although just as I was preparing to put my feet up, after the usual quiet week that you expect when the kids are off school, I got a call to help a local club who appear to have fallen out with their beer supplier.  Great I am thinking; into Court for an Administration Application:  Trade the club for a few weeks and then hand it back, complete with a loan to pay off the beer supplier and a business plan to ensure it can be repaid!.  And with a large mortgage free building this is going to be a doddle.

Err No.  I have spent the last day learning about how certain very old clubs are not registered companies with a simple Table A constitution.  Some can’t use Administration or Company Voluntary Arrangements.  Indeed the only thing this particular club can do is borrow the money immediately or Liquidate.  The debt is probably too big for one or two donations and, similarly the total debt is a material chunk of the annual turnover.  Now, for someone who prides themselves on turning businesses around, this is quite depressing!  So where is that drawing board!

Twenty Four hours later and after a lot of research, we have a new strategy.  Murder the old and start again!  Now, how to sell this to 75% of the several hundred individual members of the public who are members?  Paying them a cheque for £10,000 each might well be quite persuasive!    They can then use the money to buy a slightly smaller more modern venue in the same area.  Or maybe they won’t.  First meeting is with  a Committee this Friday night at 8:00pm.  And this was meant to be a short week!

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

Jeremy Frost writes:

Been dealing with a load of stuff this week which is interesting, but confidential!  If I told you about it I would have to kill you!

What I can announce is the birth of our new website at www.frostbr.co.uk.  Any feedback is gratefully received.

Also, with my hat on of Chairman of the Croydon Branch of the Federation of Small Businesses I am helping to organise an event called:

“The Future of Businesses in Croydon:  Networking and Question time”

A bit of a mouthful I know, but it should be a great opportunity for the business community to challenge out local politicians to start delivering a pro-business environment in the London Borough of Croydon.  I was told today they are looking to bring along up to 11 local counsellors.  Should be a special evening.  The date for your dairies is 25 April 2013 if you want to come along.  We are limited to 100 people so bookings are a must!  And yes, we do have an event-brite page at:  http://reversequestiontime.eventbrite.com/

And on 1 May 2013 I am attending the Croydon Business Awards dinner celebrating businesses both large and small.  The Federation sponsors the Real Life Entrepreneur Award.  A busy couple of weeks I think.

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

Jeremy Frost of Frost Business Services writes:

And this week I have been mostly dealing with;  The Warehouse Theatre again.  After the joys of removing the memorabilia I have done three interviews, one for radio and both local papers dealing with the battle for Dingwell Road.  It is amazing how one aging gentleman with a small stick can be made to sound like a riot!  I certainly don’t remember the Met’s dogs and horses charging down the road! but it was I suppose a busy afternoon.  I might have missed them.

On the brighter side, we have now received commitment from a bunch of individuals interested in running a new theatre such that we expect to have an outline business plan on the desks of the developers by the end of the month.  We are still on course then for a happy ending!  What behind me?  Oh no it isn’t  ……..  You get the picture.  There is less of a positive outcome for the building whose life can be describes in terms of weeks.  I think it is called progress!

To cap it all I was asked to present a potted history of the Warehouse with particular reference to the past two years to Croydon Rotary who meet at the Masonic Lodge towards the north of the town.  I have not come across either organisation in my eight years in Croydon, so that was good.  Slides are available if anyone wants to look at them!  I am also free for birthdays, christenings and bar mitzvah’s.

Any questions and bookings should be forwarded to my agent, I mean personal assistant!

All this press attention can surely not be going to my head?

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

Jeremy Frost writes:

Not sure I should mention it, but I think I saw the sun today!  Could this be the end of a long cold depressing winter, leading to a warm period of growth?  Well even the latest economic stats appear to suggest we might be seing at least the first glimmer of an improvement!

But before we all get too excited, I caught 10 mins of TV chef, James Martin’s attempt to improve hospital food yesterday morning.  It would appear that, despite a budget of many £billions, no one within the NHS is engaged in the fairly basic task of minimusing waste and maximising taste.  In an organisation containing so many individuals how can it possibly be that no one has a job to make sure the patients get a hot nutritious meal within a reasonable budget!  And in the two hospitals mentioned, one in wales had to buy lambs from New Zealand and one in Birmingham threw away 40% of what was cooked on a daily basis!  This is after over 20 years of attempts to solve these fairly basic issues.

It just goes to show that we continue to put barriers in the way of progressive thinking.  This is called a compliance and regulatory culture.  When will we learn that this approach does more harm than good!

But in the end, I think Mr Martin says it very well. (after throwing away about three ton of un-reciped custard made with double cream)  I can teach them to cook in a week, but I don’t know how to teach them to care!   I wish we had more of this level of honesty and leadership within our government and its employees.

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 

No-Win No-Fee … No time

The Jackson reforms to civil litigation are coming into force in April.

These changes impact on cases that are undertaken on a conditional fee basis.  For example, you will no longer be able to claim back any insurance premium in connection with so-called “after the event” insurance – even if you win.  Such premiums can be substantial.

You need to get your claims in quickly and issued before April to be certain as to this recoverability point.

There are many more change to the Rules to consider.  For more information contact mailto:iain.macdonald@fallp.co.uk

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

What will be, will be …

The Legal Services Board has recommended that all Will writing activities should be regulated.   The Lord Chancellor will now decide whether to accept the recommendations which will then be debated in the Commons and Lords.

At the moment the recommendations are only for Will writing activities and does not extend to estate administration.  The recommendation follows extensive investigation revealing cases where Wills had been negligently drafted.  I have certainly picked up work from bereaved families putting right Wills which had been badly drafted by unregulated Will writers.   Those who prefer to use the unregulated sector because it may be cheaper than using a solicitor, can sometimes leave the bereaved family with more expense during the administration of the estate.

For a properly drafted Will which is actually going to work, please call Freedman Alexander LLP on 020 8393 0941.  I am a qualified solicitor and also a member of the Society of Trusts and Estates Practitioners.

graeme.aston@fallp.co.uk

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

Wednesday Guest Blog

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

For many years I played rugby with and against the boys in blue.  “Policing only works when it is with the consent of the population.”  I always used to remember that as some usually smiling 18 stone Neanderthal, sorry, PC dropped his knees into my back.

It used to be said that falling out with HM Inland Revenue was almost impossible, whereas it was similarly impossible not to fall out with Customs and Excise.   One branch was the people and we agreed to pay them Tax and the other was the Crown whom we reluctantly paid duty.

So with one organisation doing both, how long will it be before the population begin to feel wholly alienated.  Not too long now I feel.  The number of stories concerning over zealous tax collectors destroying businesses, i.e treating tax in the same way as duties is growing.  But at the same time I receive alarming stories from accountants as to the level of clients leaving their charge and not going to a new Accountant. Attempting to Disappear under the radar!  There seems little appetite to recognise that these two events are related and even less appetite to accept that collecting tax is not necessarily an exact science, but this is a whole new subject.

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 

Why You Should Make a Will

As a Wills, Probate and Trusts Solicitor I am amazed at the number of people who put off making a Will.   There are many reasons why you should make a Will, but the simple fact is that the ownership of any possessions, whether money, property or otherwise, needs to be covered by a Will.

If you die without a Will you are said to die intestate.  There are certain statutory rules, which cover how the money, property or possessions should be allocated.  There are limits as to the amount that the surviving spouse and children inherit and this may not be the way you would have wished your money and possessions to be distributed.  It could mean that certain people who you did not want to benefit from your estate are given a share and those who you did want to look after are given very little.

Unmarried partners and partners who have not registered a Civil Partnership cannot inherit from each other unless there is a Will.   The intestacy rules do not make provision for them.   This means that the death of one partner may create serious financial problems for the remaining partner.

If you have children, you will probably want to set up a Will Trust so that they inherit at a particular age.  You will also need to name Guardians in case both parents die.

Carefully drafted wills can ensure that you do not pay more Inheritance Tax than is necessary.  We can provide advice on Inheritance Tax and suggests ways in which the Tax can be minimised.

Particular circumstances lend themselves to having a professionally drafted Will.  Some examples are where: –

  • You share a property with someone who is not your husband, wife or partner
  • You wish to make provision for a dependent who is unable to care for themselves
  • There are several family members who may make a claim on the Will, for example a second wife or children from a first marriage
  • Your permanent home is not in the United Kingdom or you are resident here but have overseas property
  • There is a business

If you would like advice as to the costs for preparing a new Will give me a call on 0208 393 0941.  I am a qualified practitioner with the Society of Trusts and Estates Practitioners.

Graeme.Aston@fallp.co.uk http://www.fallp.co.uk