From our recent conversations with potential clients, financial advisers, lawyers and lenders we have picked up a heightened level of concern from the increase in the number of profit warnings. This is an early warning that can lead to more pressure on liquidity,...

Since we issued our Insight paper in the Spring looking at how board observers could support higher education institutions with the challenges ahead, the issues faced by them seem to have increased further. Our universities are world-leading and one of the UK’s...

Recent articles have highlighted the financial pressures facing higher education institutions (HEIs). In an article in The Daily Telegraph, John Rushforth, executive secretary of the Committee of University Chairs, commented: “There are some active discussions that I...

With the ever-increasing number of local authorities highlighting the issues and pressures they face on balancing their books, we look at one area that has impacted them over the last few years – real estate. Investing in real estate in their local area should not be...

In previous periods of financial difficulty, strong covenants have helped lenders keep abreast of a company’s financial performance and identify potential issues ahead of time. However, in the current covenant light world, lenders need to look at other tools available...