Blog Articles

How to write a winning business plan – Michael Tait sets out the format and content that has been successful for him. So many of the companies I’ve taken on don’t have an ongoing business plan. They may have had one once, possibly when they took on external investors or other refinancing, but have since […]

What is a company chairman or chairman of the board or board chairman? Michael Tait explains: A company chairman is also known as a chairman of the board or board chairman. It is the highest ranking officer in the corporate governance structure of a company. The chairman is typically elected by the board of directors. […]

What can a chairman with private equity experience bring to your company? Michael Tait, has 23 years private equity experience and explains: A chairman with experience of working with private equity backed businesses can bring several specific advantages to a company. Here are some key contributions they can make: Understanding of Investor Perspective: A chairman […]

Mentoring the board of directors is an important responsibility for a chairman. It involves guiding and developing the board members to enhance their effectiveness, knowledge, and decision-making abilities. Here are some key considerations for a chairman when mentoring the board: Establish a positive and open relationship: Build a strong rapport with individual board members based […]

A corporate recovery specialist, also known as a turnaround consultant or a corporate restructuring expert, is a professional who specialises in assisting financially distressed or underperforming companies. Their primary goal is to help struggling businesses overcome their challenges and return to a stable and profitable state. Here are some key aspects of a corporate recovery […]

Can a business consultant help my business? A business consultant can bring significant value to your company in several ways. Here are some ways in which a business consultant can help your business: Expertise and Experience: Business consultants typically have extensive knowledge and experience in various aspects of business management. They can provide you with […]

Michael Tait, an experienced acquisition chairman explains the key processes of due diligence in a company acquisition. During a company acquisition, several due diligence activities are typically carried out to assess the target company’s financial, legal, operational, and strategic aspects. The specific due diligence activities can vary depending on the nature of the acquisition and […]

What is a turnaround specialist? How can they help my business? A turnaround specialist is a professional who specialises in helping distressed or underperforming companies overcome financial difficulties and restore their profitability. These specialists have expertise in assessing troubled businesses, identifying the underlying problems, and implementing strategies to turn them around. They typically have a […]

Company at risk of going bust? directors should take immediate action to address the situation and try to turn the company around. Here are some steps they can consider: Assess the Situation: Directors should conduct a thorough assessment of the company’s financial position, including cash flow, outstanding debts, and overall financial health. This evaluation will […]

Legal repercussions for directors: When UK company directors fail to meet their fiduciary duties, they may face legal repercussions and potential liabilities. The specific consequences can vary depending on the nature and severity of the breach, but here are some of the common legal repercussions: Breach of Duty Claims: Shareholders, creditors, or other affected parties may […]