Corporate Finance Promotion!

Patrick Abel, Corporate Finance Partner, is delighted to announce that Pete Newton has been promoted to Senior Executive in Corporate Finance.

Pete has been working in Corporate Finance for 3 years and has made a valuable contribution to the success of the department at Hart Shaw, which was named Corporate Finance Advisory Firm of the Year at the Insider Sheffield City Region Dealmakers Awards 2018. In that time, Hart Shaw have been involved in several deals in which Pete has played a valuable role.

“I first came to Hart Shaw in 2013 for my placement year which consisted of spells in both Corporate Finance and the Business Services Department, before returning to University to complete my degree. Hart Shaw welcomed me back in 2015 to begin my career in accountancy. An opportunity to join Pat as part of the Corporate Finance team, was one I couldn’t turn down! During my time in Corporate Finance, working closely with a well-respected member of Yorkshire’s Corporate Finance community has afforded me the chance to gain invaluable frontline experience, dealing with a variety of transactions in terms of sector, size and scope. I’m excited to be taking this next step in my career and to see what challenges my new role and the additional responsibility will bring.” – Pete Newton


Meeting our new charities

Today our Marketing team have met with our new charity partners, to discuss plans for the next 2 years.

We met separately, with Julie Hampson of Bluebell Wood, and Darren Hayes of Weston Park Cancer Charity. We talked about the charities upcoming events & ways that we can get involved within the office.

We’re looking forward to a fantastic 2 year partnership with both charities, with some great events on the horizon!


SCR Breakfast Club – February 2019

Hart Shaw Chartered Accountants and Acumen Credit Insurance Brokers are delighted to announce the next Sheffield City Region Breakfast Club, which is taking place at the Advanced Manufacturing Park between 8:00am and 9:30am on Wednesday 13th February 2019.

The format of the meeting is open networking followed by a short discussion and Q&A session.

Building your authentic personal brand

This month we will be joined by Faye Smith, Managing Director at Keep Your Fork Ltd. Multi award-winning PR and marketing consultancy Keep Your Fork brings together a team of professionals from well-respected journalists to digital marketing experts with vast experience covering all areas of marketing and public relations, media, personal and business branding and development. We tell your story and communicate your success to deliver the results you deserve.

The evening was such a huge success! Great turn out and amazing responses from people too. I’ve loved getting my 3 word back from friends and colleagues, thankfully all have been positive.

Thanks again for all you shared and your amazing stories. I know this is a Colab that our attendees will really remember and feel empowered by!

Liza Dacre, Sheffield Business Colab

Thank you for speaking last night. You are brilliant at seeing the stories in ordinary people’s lives and giving people the confidence to see it and share it.  I learnt a lot and came away smiling and more confident.

Daniel Neath, sport community development


Date: Wednesday 13th February 2019

Time: 8:00am for breakfast sandwiches and open networking, followed by a brief presentation, with Q&A and further networking until 9:30am

Venue: Advanced Manufacturing Park, Technology Centre, Brunel Way, Catcliffe, Rotherham, S60 5WG

The breakfast club is FREE to attend and you are very welcome to bring a guest or a colleague.

To confirm your attendance please contact Emma Legdon at Hart Shaw on T: 0114 251 8850 or email: emma.legdon@hartshaw.co.uk

It is essential that you pre-book as we regularly reach capacity at the venue. Places are limited so please book early to avoid disappointment!

We look forward to seeing you there.


New Charity Partnerships for 2019/2020

We are delighted to announce Bluebell Wood Children’s Hospice & Weston Park Cancer Charity as our charity partners for 2019 & 2020.

These are 2 amazing charities that we look forward to working with & supporting throughout our 2 year partnership.

To find out more about either of these charities, follow these links:

Bluebell Wood Children’s Hospice – https://www.bluebellwood.org/

Weston Park Cancer Charity – https://www.westonpark.org.uk/


Self Assessment – 3 weeks to go!

All hands are on deck for the fast approaching self assessment deadline. QuickBooks have brightened everybody’s day by delivering these lovely cupcakes.  Thank you QuickBooks!

quickbooks cupcakes


The Larger They Are, The Harder They Fall!

The compulsory liquidation of Carillion is a timely reminder that no company, however large and high profile, is immune from failure. Carillion was placed into liquidation on 15 January 2018 owing around £1.5 billion to its creditors and putting thousands of jobs at risk.

The effect of any insolvency is that creditors suddenly have a bad debt to deal with and the larger the debt, the more likely that it will cause otherwise solvent companies to have their own cashflow problems.

This can lead to a domino effect where the failure of one company causes the failure of another, and so on down the supply chain. It has been estimated that up to 30,000 companies are owed money by Carillion, many of whom may be at risk of failing if they do not take action.

Over the years I have seen similar cases, where financially sound companies are suddenly put at risk following the failure of one of their customers. Not only do they suffer a large bad debt but they also lose a customer and future business they were relying on.

If your company finds itself in a similar situation it is essential to move quickly and take professional advice, ideally from a Licensed Insolvency Practitioner who has helped companies in similar situations before.

Immediate steps that can be taken to protect your company include restructuring the business to reflect the ongoing order book and negotiating payment plans with major creditors, such as HM Revenue & Customs. In more serious cases it may be necessary to propose a Company Voluntary Arrangement with creditors to ensure that the company is able to continue trading until its finances are restored.

Companies should also reflect on what they can do to protect themselves from future bad debts.  Assess the credit worthiness of your customers, set credit limits to reflect the commercial risk you are prepared to take and stick to them. Consider credit insurance as protection for a customer failing. Not only would a debt being insured be paid, you will have access to improved credit intelligence on your customers.

Whatever situation your business finds itself in — it’s never too early to seek advice.

Christopher Brown                                                                                                              Partner                                                                                                                                                    Hart Shaw Business Recovery & Insolvency




Exam Success!

Congratulations are in order for Tax Senior, Rebecca Neville, and Tax Manager, Luke James, both of whom have completed their studies and are now Chartered Tax Advisers.

We wish them continued success in their careers here at Hart Shaw!

April 2019
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