by Angus Ryall | Mar 28, 2023 | Uncategorised
In Ernest Hemingway’s novel The Sun Also Rises you will find a dialogue between two characters which goes like this: “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” Sadly there are parallels with businesses and we have also...
by Angus Ryall | Mar 28, 2023 | Uncategorised
Rising interest rates that add cost to a debt-heavy business has led to a re-appraisal of the typical model of buying a business and maximising debt. That was a feature of the low interest rate environment of the last ten years, and now the cycle has turned. Many of...
by Angus Ryall | Mar 28, 2023 | Uncategorised
I have always been conscious that business owners and those in a company charged with financial responsibilities should consider the obvious route to seeking finance. That is…ask your bank. Banks have a duty to support their customers, they have detailed knowledge of...
by Angus Ryall | Mar 28, 2023 | Uncategorised
Disappearance of banking experience? Last week I was in a room full of ex-bankers, many of whom had 30+ years of experience. Over the last 5 years Lloyds have lost 18% of their workforce – and NatWest 28%… What is going on? The banks have lost good and able...
by Angus Ryall | Mar 28, 2023 | Uncategorised
The old investment saying “buy stocks so you can dream, buy bonds so you can sleep” does not seem appropriate at a time of market volatility and general downward expectations. What is unchanging is the importance of maximising returns from the associated risk, and it...
