Business News Adam takes
on a new role Former Future Faces president Adam Maguire has joined law firm Shoosmiths in Birmingham as an associate in the family team. Adam (pictured) is returning to
the firm he once undertook work experience at, albeit in Northampton. He has since qualified as a lawyer and is recognised as a specialist in family law by the Law Society of England and Wales, and has spoken on several occasions on the implications of divorce proceedings within the context of insolvency law. Neil Hobden, head of the family
team, said: “We are pleased to welcome Adam into the Shoosmiths’ family team. He will make a valuable contribution towards the continued success of the team.” Adam said: “I am very pleased to
be joining Shoosmiths, a firm which has a great reputation for providing outstanding service to businesses and individuals nationally.”
• For more on Future Faces, please see page 28.
Businesses are going bust over late payments
Dozens of Birmingham businesses are going to the wall every month because they are not being paid on time by their customers, says a West Midlands credit control expert. Joe Postings, who runs Tamworth-based JSP Credit Management, says smaller firms are particularly vulnerable at the mercy of ‘bullying corporates.’ Joe, 30, cited figures which showed that more than
160 firms collapsed into liquidation or administration in Birmingham in July 2016 alone – and described the casualty rate as ‘shocking.’ “There are too many businesses going bust because
people are not paying them on time. The biggest victims in society are small companies being bullied by large corporates,” he said.
‘There are too many businesses going bust because people are not paying them on time’
“It is a horrible problem for companies – I have
experienced it myself. Small companies are hugely vulnerable. I believe we have only scratched the surface of the problem.” Joe, who has amassed a wealth of credit control
experience with a variety of West Midland firms over the last decade before going it alone in May 2016, said he had always wanted to set up his own business.
But he said firms had to be more upfront about their
finances. “One of the problems is that there is a bit of a taboo about money problems – I would like people to be more open about it. “Burying your head in the sand is never the answer,
you have to be more open and willing to take advice.” Joe said Greater Birmingham Chambers of
Commerce had proved an invaluable help to his business ambitions. “I was passionate about businesses being paid on time. If I keep doing what I am doing and satisfying customers, I am sure the business will continue to grow.”
10 CHAMBERLINK December 2016/January 2017
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