From time to time, I come across small business owners that do not understand their financial statements. Moreover, they use the wrong words to describe the fundamental economic situation in the business. Let me clarify a few basic terms related to your financial statements. Sales and Revenue are synonymous and mean the ‘top line’ of the income statement …
Economists foresee a recession and changes in industry structure. What’s needed is a far-reaching action. Companies are entering a time of high uncertainty. Business as usual and hoping for the best won’t be enough. What’s needed is a far-reaching action. So, what precautions can small business owners/CxOs take now? Marek Niedzwiedz from aeXea Capital advises …
Companies adjust net income (net profit) in numerous ways to determine net cash provided by operating activities under the method called INDIRECT. A helpful starting point is understanding why net income must be converted to ‘net cash provided by operating activities’. Under Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) most companies use the accrual basis …
Were Insolvency Practitioners wrongly (and possibly unlawfully) instructed to put the £2mln revenue company into administration? Another bad press about this industry in the UK. On the 21st of July 2022, Marek Niedzwiedz – a Sheffield-based Turnaround Investor (aeXea Capital), acquired a business called Valeside Catering Contracts Ltd – a business with c.£2mln in revenue …
