Business Rescue Seminar Success

The recent 'Business Rescue Know-How seminar hosted by State Securities, Lester Aldridge and Fanshawe Lofts at the Intech Technology Centre (Winchester) provided to be an enlightening and informative evening for the delegates.

The seminar was chaired by local MP, Christopher Chope. Speakers Paul Burke, Jeremy Guilfoyle, Malcolm Niekirk and Antony Fanshawe explained the implications of the new Enterprise Act and the ruling in the 'Brumark case to an audience that included business advisors, business people, accountants and insolvency practioners. The aim of the seminar was to provide down to earth advice in a space age environment," commented Fanshawe.

"The government is about to introduce some potentially far reaching reforms to insolvency legislation. The changes are technical and, at first sight, seem to have little relevance to many of us. But in fact they could make it harder for small businesses to borrow the money they need and could also increase the amount we all have to pay for personal finance, if the American experience is any guide, " said Niekirk.

Its the small business person that needs to appreciate the importance of these changes, not only in their business lives but on any personal guarantees they may have given," Burke stressed. The seminar cut through the jargon and explained the implications in simple terms".

-Ends-

Date and venue : Monday 31st March, Intech Centre (near Winchester, Hants), 4.30pm-6.30pm

Copy of presentation -- email Jo Macklin for a copy, jmacklin@statesecurities.plc.uk

Notes to Editors :
State Securities
Contact : Jo Macklin, State Securities,
t 01489 775600,
jmacklin@statesecurities.plc.uk

State Securities assists business customers who are looking to raise finance for the acquisition of new or used assets, along with the re-financing of assets already owned by the business. It also provides commercial mortgages for properties such as factories, warehouses, offices and retail outlets.

State Securities works with a wide range of clients, including public and private limited companies, partnerships and sole traders, and it helps companies that have difficulty in raising finance in a short period of time, for example new start businesses and businesses in corporate or individual voluntary arrangements.

State Securities has over 20 years experience in the asset financing market and is part of the Abbey National Group.

Lester Aldridge
Contact: Malcolm Niekirk, Lester Aldridge,
t 023 8082 0400,
malcolm.niekirk@LA-law.com

Lester Aldridge has one of the strongest legal teams specialising in corporate recovery work on the south coast. With two licensed insolvency practitioners on the team they are genuinely entitled to refer to themselves as experts in the field and independent guides such as the Chambers directory recognise that expertise. Lester Aldridge's corporate recovery team advises banks, financiers and insolvency practitioners as well as working with companies in financial difficulties or that may wish to acquire distressed businesses.

For general information about Lester Aldridge please visit the website:
www.lesteraldridge.com

Fanshawe Lofts :
Contact : Antony Fanshawe, Fanshawe Lofts,
t 02380 382711,                
arf@fanshawe-lofts.co.uk

Fanshawe Lofts is an independent niche firm of chartered accountants specialising in corporate recovery, turnaround and corporate finance work. Fanshawe Lofts has acted in a number of high profile local insolvency cases including, most recently, the receivership of Sea Route Ferries, and have undertaken insolvency work throughout the country and overseas. On the corporate finance side of the practice Fanshawe Lofts completed twelve deals last year in a period of retrenchment for most of our competitors. Fanshawe Lofts skill base and commercial approach to work leads them to advise and assist with turnarounds. They work with a number of turnaround professionals primarily advising on policy, directors' liability and balance sheet restructuring.