1813 Club and Premier Members

1813 Club and Premier Members

Greater Birmingham’s leading companies In Brief

The National Memorial Arboretum in Staffordshire is hosting a new ceramic art display, its final effort of four years of First World War centenary commemorations. The medals feature the

thoughts of visitors to the Arboretum’s Armistice Day 2018 event. The medals have been

created by Clare Twomey, who is widely known for her large-scale ceramic installations. At the Armistice Day event,

she collected the thoughts of visitors at a drop-in session where they were asked think about the qualities and achievements that they hope can be commended in the next 100 years. Clare Twomey said: “To make

an artwork that responds to the National Memorial Arboretum is to make a response to the people it sets out to remember. “This is a very personal

journey for all of those who visit the Arboretum. It is the people who visit that animate these vast memorials with stories and shared memories.”

Unique Venues Birmingham (UVB) has joined forces with Brasshouse Translation and Interpreting Services (BTIS) to offer translation and interpreting services in more than 100 languages, including sign language and braille. Event organisers arranging

events at UVB will now benefit from an in-house team of dedicated language specialists who will deliver a multitude of language support services throughout their events. Unique’s Suzanna Reid

Barreiro da Silva said: “We have formed a fantastic partnership with BTIS to offer linguistic support across a number of languages, which we hope will attract more organisations to Unique Venues of Birmingham, knowing that they can benefit from a full translation and interpreting service to complement their events.”

James Dyson and Renata Rai 36 CHAMBERLINK March 2019

Last year saw a huge leap in the number of people being declared insolvent, according to a new report by accountant Smith Cooper. During 2018, some 115,000 individuals were declared insolvent due to unmanageable debt, said the firm. This was a massive 16 per cent higher than 2017, and was the highest figure for seven years. Insolvency is a situation when a

company or individual can’t pay what they owe on time, or when the value of their assets is less than the money they owe. In such scenarios, formal legal proceedings can begin if a viable solution is not put in place. Smith Cooper says that the 2018

spike was caused by a record number of Individual Voluntary Arrangements (IVAs), which increased by 20 per cent from 2017. An IVA is a legally binding

agreement between the debtor and the creditor, which enables those in debt to restructure their affairs, while retaining an element of control, and relieving the pressures

Premier Membership

Contact: Howard Blow T: 0121 607 1841

Report reveals worrying increase in insolvencies

meet payments or high cost loans. Having problems with debt can be a stressful time, and one which most of us try to avoid. However, if you put these issues off you may end up losing out financially and will most likely end up in a worse position. “Equally, for business owners,

‘Getting the right advice at the right time can be crucial’

that are faced when dealing with debt.

Dean Nelson (pictured), head of

business recovery and insolvency at Smith Cooper, said: “For individuals, financial difficulties may appear in the form of late payments, insufficient funds to

the cost of business can rise sharply and unexpectedly, and coupled with an inconsistent stream of cash, this can make it tough to manage liquidity. It can also make it difficult to distinguish between a temporary dip and long- term decline. “Financial struggles can appear

in many ways – cash flow issues, management resignations, sudden sale of assets or high levels of staff turnover for example. “Getting the right advice at the

right time can be crucial to your or your business’s financial future, and it is important to seek the advice of Insolvency specialists who can utilise their wealth of skills and specialisms to implement solutions before it’s too late.”

Renata returns to Birmingham

Renata Rai has joined the banking and finance team at law firm Freeths in Birmingham as a director, after spending more than five years practising in Dubai. After beginning her career in Birmingham at Hammonds, Ms Rai has more than 10 years’ experience in advising funders and borrowers on lending and restructuring transactions, in particular asset based lending. She said: “I am thrilled to join Freeths at such an

exciting time, where there is not only rapid growth and ambition, but also space for a personal touch. I am very much looking forward to working with the team at Freeths, our clients and intermediaries in the Midlands and beyond.” James Dyson, who leads Freeths’ banking and

finance team, said: “Her appointment will certainly allow us to further strengthen our offering to our funder and borrower clients, particularly in the asset based lending arena.” Freeths is a top 50 law firm with 12 offices across

the UK.

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