A critical tool in the planning of a property development is the ‘Development Appraisal’, which sets out the financials of the project. Although a good builder knows from experience that they can build for £xxx per sq. ft., the complexity of developments now means that contingencies, professional fees and timings need careful scrutiny. It is Read more about Development Appraisals – another thing to think about….[…]

Let’s start by explaining what a ‘PG’ is and isn’t. A PG is most often asked for when a Company is seeking a loan from a bank and the bank seeks to tie in the Directors personally, it is basically an undertaking that if the company cannot pay back the loan then the Directors will Read more about Escalation in ‘Personal Guarantee’s’ – what could go wrong?[…]

News this week that Gross Margins at Patisserie Valerie were ‘constant and out of line with peers’ confirms that everyone was ‘asleep at the wheel’, not just Luke Johnson.