Bristol networking event – July 2024

Last week (27th June), Roger Dugan from Asertis and I journeyed to Bristol for the latest instalment of The 500 Club.

It was wonderful to see many of my existing contacts from the area, as well as to make new acquaintances. A smaller gathering than our last few events gave everyone the opportunity for more in-depth conversations. Personally, I’m excited about the opportunities for collaboration in the future that came from discussions on the night.

We stuck with a tried and tested venue for the occasion, Le Vignoble, and the evening proved to be a genuine success. Many attendees shared positive feedback about the gathering, and the picturesque waterfront setting always adds a special touch to the experience.

In the company of esteemed professionals from firms such as Annecto, Begbies, Stephens Scown, Taylor Rose, Temple Bright and VWV, the room was abuzz with engaging conversations and a warm atmosphere, accompanied by a great selection of wines! All in all, another fantastic few hours of informal networking.

Our aim at these events is to bring together likeminded professionals from the insolvency, finance, legal, and related fields to network and connect in an informal setting.

The 500 Club regularly takes place across the UK, in cities including Bristol, Birmingham, Manchester, Liverpool and London. Our next Bristol event is planned for 12th October. The 500 Club’s next stop is Southampton (for our inaugural event in the city) on 18th July. With many new cities added for 2024, there’s a good chance we’ll be coming to a city near you soon! Check the full 2024 calendar and learn more about The 500 Club.

Join The 500 Club community online and stay informed about event updates throughout the year on our LinkedIn page.

Email events@the500club.co.uk to get your name on the invite list.

Leeds networking event – June 2024

Last week (27th June) Roger Dugan from Asertis, Gareth Fitzgerald from CAPA, Mike Wright and I hosted The 500 Club in Leeds for the second time this year.

Following our recent busy London and Manchester events, Leeds proved to be just as successful. A more intimate gathering provided the platform for more in-depth conversations with all of our guests.

I had a wonderful couple of hours with professionals from many different firms, such as Addlestone Keane, Begbies Traynor, BW Legal, DLA Piper and Gordons. Good conversations were had by all over a glass or 2, with ample opportunity for introductions to new contacts, and long-overdue catch ups with old friends.

Of course, if you’ve seen my LinkedIn post, you know another highlight of the evening was the amusing sign on the door to the bathrooms in The Lost & Found Leeds Club!

Our aim at these events is to bring together likeminded professionals from the insolvency, finance, legal, and related fields to network and connect in an informal setting.

The 500 Club regularly takes place across the UK, in cities including Leeds, Bristol, Southampton, Manchester, Liverpool and London. Our next Leeds event is planned for 28th November. The 500 Club’s next stop is Bristol on 11th July. With many new cities added for 2024, there’s a good chance we’ll be coming to a city near you soon! Check the full 2024 calendar and learn more about The 500 Club.

Join The 500 Club community online and stay informed about event updates throughout the year on our LinkedIn page.

Email events@the500club.co.uk to get your name on the invite list.

Manchester networking event – June 2024

Last week (19th June) Chris Jones from Asertis, Gareth Fitzgerald from CAPAMike Wright, Liam Geoghegan and I returned to Manchester for another evening of successful networking, hot on the heels of our London event only 5 days before.

As usual, the turnout was brilliant and it was great to see many of our existing contacts, as well as brand new ones.

With another new venue tested, this time North Westward Ho, the evening was a real triumph, with several commenting not only on their enjoyment of the evening itself, but also the backdrop to which it was held.

With a multitude of professionals in the room, including the likes of Begbies Traynor, Forbes Solicitors, Inquesta, Kuits and Quantuma, it was fantastic to see everyone engaging in good conversation over a couple of drinks, and (as always) it was a pleasure to be involved.

Our aim is to bring together likeminded professionals from the insolvency, finance, legal, and related fields to network and connect in an informal setting.

The 500 Club regularly takes place across the UK, in cities including London, Manchester, and Liverpool. With many new cities added for 2024, there’s a good chance we’ll be coming to a city near you soon! Check the full 2024 calendar and learn more about The 500 Club.

Join The 500 Club community online and stay informed about event updates throughout the year on our LinkedIn page.

Email events@the500club.co.uk to get your name on the invite list.

Administration Assistant, Kent – position filled

Role title: Administration Assistant
Contract type: Permanent full-time position
Location: Discovery Park, Sandwich, Kent

About ESA Risk

ESA Risk is a relatively new, but fast-growing risk management and investigations business.

The brand was launched in 2020 and we now have offices in 4 locations: London, Manchester, Surrey and Kent. We recently established our Kent office in Sandwich’s Discovery Park, where we are developing one of the company’s key hubs.

We support our clients by managing business risks, protecting and enhancing their profitability, and providing solutions when organisations need specialist assistance. We build strategic partnerships and add value to businesses worldwide by providing consulting, corporate intelligence, risk management and litigation support services.

Our clients include major accountancy firms, multinational corporations, lenders, high-net-worth individuals, investors and international law firms.

We are instructed on a broad range of projects, such as worldwide asset tracing (including crypto tracing), intelligence gathering, enhanced due diligence, fraud investigations and digital forensics.

We pride ourselves on the quality of our service and the speed of our response.

About the role

This is a key role in a busy team delivering our process serving offering.

Process serving is (mainly) the delivery of legal documents to addressees by hand. The Administration Assistant role is part logistics, part client relationship manager, part report writer, and more besides.

This area of the business is fast-paced, highly responsive and focused on detail.

The successful candidate will learn from one of the most experienced process serving teams in the country, with a loyal and growing client base.

Typical areas of responsibility and tasks will include:

  • Booking in jobs using our case management system.
  • Liaising with clients to understand their instructions and update them on a job’s progress.
  • Liaising with agents to ensure assignments are completed on time, meet the client’s needs, and follow the rules of service.
  • Maintaining accurate records.
  • Preparing formal reports and statements.
  • Preparing invoices.
  • Responding to enquiries.

The role may extend to administration of other services beyond process serving.

About you

You will be:

  • Highly organised and efficient, and able to manage a high caseload.
  • A strong communicator, comfortable working through phone calls and email.
  • Professional, positive and proactive in your approach.
  • Detail-orientated.
  • Confident and able to manage multiple clients and external agents.
  • Proficient in Microsoft Office tools – particularly Outlook, Word and Excel.
  • A good typist, preferably with a typing speed of over 60 words per minute with very few mistakes.
  • Confident learning new software.
  • Flexible, able to adapt quickly to new/changing instructions, and prepared to work outside of standard office hours when required to meet clients’ needs.

You must have:

  • Previous experience in an administrative role.

We will provide all necessary training on systems and processes.

How to apply

If you are interested in the Administration Assistant role and would like to apply, simply send your up-to-date CV to us at hr@esarisk.com and we will be in touch.

London networking event – June 2024

Yesterday (13th June), Roger Dugan from Asertis, Gareth Fitzgerald and Mike Sheath from CAPA, and Mike Wright, Caitlin Duncan and I brought The 500 Club to The Last Judgment on Chancery Lane.

As always, there was a strong turnout from a great variety of professionals – including those from BDO, Cardium Law, Five Paper, JMW and Longmores – with plenty of opportunities for conversation and introductions to various people in the industry.

The Last Judgment – a new venue for us – provided a vibrant atmosphere.

I had a thoroughly enjoyable evening. It was great to see plenty of new faces at the event, as well as old friends.

What’s better than spending an evening in good company, chatting over a glass of wine or 2!?

Our aim is to bring together likeminded professionals from the insolvency, finance, legal, and related fields to network and connect in an informal setting.

The 500 Club regularly takes place across the UK, in cities including London, Manchester, and Liverpool. With many new cities added for 2024, there’s a good chance we’ll be coming to a city near you soon! Our next London event will be on Thursday 25th July. Check the full 2024 calendar and learn more about The 500 Club.

Join The 500 Club community online and stay informed about event updates throughout the year on our LinkedIn page.

Email events@the500club.co.uk to get your name on the invite list.

Bounce Back Loans: May 2024 news roundup

As we’ve been reporting, the Insolvency Service’s recent press releases have been awash with director disqualifications and bankruptcy restrictions related to misuse of the Bounce Back Loan Scheme (BBLS).

May 2024 was a particularly busy month, with 7 separate updates from the Insolvency Service on the topic of Bounce Back Loans.

Suspended sentences

Several individuals have received suspended sentences for misusing the Bounce Back Loan Scheme.

Sehrish Yasmin, a restaurant manager in London, was given a suspended sentence after using £12,000 of Bounce Back Loan money to purchase jewellery instead of supporting her business. The £12,000 was taken from 2 £50,000 loans obtained by Ms Yasmin, despite companies only being eligible for a single loan under the scheme. Moreover, Ms Yasmin failed to deliver records to the liquidator when her company was liquidated in May 2021.

Another case involved a cleaner, Anna Dalecka, also based in London, who received a suspended sentence for abusing the loan scheme. Ms Dalecka “wildly overstated her takings by £216,000” in claiming the maximum £50,000 loan.

Sheffield-based James Todd was sentenced after spending a fraudulently obtained loan for a non-existent business on a BMW, among other personal expenditure. Mr Todd obtained a £50,000 loan for Pro Detailing, a business he invented – along with its £255,000 turnover – for the purpose of applying for a Bounce Back Loan. He spent £49,755 of the loan funds “on personal purposes” in less than a month.

Similarly, Rian O’Keeffe of Hammersmith, London used a fictitious business to acquire his £50,000 Bounce Back Loan. Mr O’Keeffe invented a £312,000 turnover for ‘Trainersource’ when applying for the loan. He withdrew £22,000 in cash and spent the loan money “on general living expenses”, eventually being declared bankrupt in November 2021.

Ms Yasmin was handed a 10-month prison sentence, suspended for 12 months, at Manchester Crown Court on 16th May 2024. She has since repaid both loans in full and has been ordered to pay £5,000 in compensation and costs.

Ms Dalecka was sentenced to 18 months in prison, suspended for 24 months, on 3rd May 2024 at Snaresbrook Crown Court. She was also ordered to complete 300 hours of unpaid work and was handed a 3-month curfew.

Mr Todd was also sentenced to 18 months in prison, suspended for 24 months. His sentencing took place at Sheffield Crown Court on 20th May 2024. Mr Tood must complete 240 hours of unpaid work and pay £2,000 in compensation.

Mr O’Keeffe was also given an 18-month prison sentence, suspended for 2 years, at Southwark Crown Court. He is subject to a 3-month curfew and 30 days of rehabilitation activity.

All 4 have been handed lengthy directorship bans in addition to their suspended sentences.

These cases highlight the severe consequences individuals faced for misusing the emergency loans, even if the sentences were suspended.

Directorship bans

While the suspended sentences handed out in May’s reported cases represent the most stringent punishments, other abusers of the Bounce Back Loan Scheme were given directorship bans.

A husband and wife estate agency team from Cornwall were disqualified from directorships for 6 and 5 years, respectively, after acquiring a £50,000 Bounce Back Loan using a false turnover figure and then using the money for personal gain instead of business purposes.

Another notable case involved a London-based builder who received a 10-year ban for obtaining a £50,000 Bounce Back Loan through fraudulent means and failing to provide proof of how the funds were used.

A greengrocer from London was disqualified for 7 years and told to pay over £37,000 in compensation for using £19,000 of the £35,000 Bounce Back Loan he acquired to invest on the stock market. Emra Kayam dissolved his business in November 2020 with the full value of the loan still outstanding.

Ongoing investigations

May’s flurry of updates is a reminder that, while many cases of Bounce Back Loan fraud have been prosecuted, there are ongoing investigations into suspected misuse of the scheme. In relation to the husband and wife estate agency business, Chief Investigator at the Insolvency Service, Kevin Read said: “Tackling abuse of the Bounce Back Loan scheme is a key priority for the Insolvency Service.”

Similarly, Lawrence Zussman, Deputy Head of Company Investigations at the Insolvency Services said (in relation to a different case): “[This] lengthy ban shows the Insolvency Service will pursue those who seek to abuse taxpayers’ money and remove them from the business arena.”

Insolvency and debt investigations

Seeing the whole picture in insolvency and debt cases is key to maximising returns to creditors. For more information on how ESA Risk can help to identify hidden assets or locate targets who have gone to ground, contact Mike Wright, Investigations and Risk Management Consultant, at mike.wright@esarisk.com, on +44 (0)343 515 8686 or via our contact form.

You can also learn more from our Insolvency & Debt Investigations brochure:

 

Newcastle networking event – May 2024

Last Thursday (30th May), Roger Dugan and Chris Jones from Asertis, Gareth Fitzgerald from CAPA, and I brought our networking event The 500 Club to Newcastle upon Tyne for the very first time.

The evening, held at The Alchemist in Newcastle, was a fantastic experience, as described by both the hosts and attendees. A variety of professionals attended from companies including Clarke Mairs, FRP Advisory, Gibsons Law, Opus, and Womble Bond Dickinson. We all enjoyed a few drinks and engaging conversations in a relaxed setting.

For our first event in Newcastle, it had a great turnout and atmosphere. People were really interested in learning more about our event since it was our first time hosting here, and they showed enthusiasm for future events in the area. Overall, it was a great success, with plenty of opportunities for conversation and introductions to various professionals in the industry.

Our aim is to bring together like-minded professionals from the insolvency, finance, legal, and related fields to network and connect in an informal setting.

The 500 Club regularly takes place across the UK, in cities including London, Manchester, and Liverpool. With many new cities added for 2024, there’s a good chance we’ll be coming to a city near you soon! Check the full 2024 calendar and learn more about The 500 Club.

Join The 500 Club community online and stay informed about event updates throughout the year on our LinkedIn page.

Email events@the500club.co.uk to get your name on the invite list

Personal Assistant to Group Managing Director, Kent – position filled

Role title: Personal Assistant
Contract type: Permanent full-time position
Location: Discovery Park, Sandwich, Kent

About ESA Risk

ESA Risk is a relatively new, but fast-growing risk management and investigations business.

The brand was launched in 2020 and we now have offices in four locations: London, Manchester, Surrey and Kent. We recently established our Kent office in Sandwich’s Discovery Park, where we are developing one of the company’s key hubs.

We support our clients by managing business risks, protecting and enhancing their profitability, and providing solutions when organisations need specialist assistance. We build strategic partnerships and add value to businesses worldwide by providing consulting, corporate intelligence, risk management and litigation support services.

Our clients include major accountancy firms, multinational corporations, lenders, high-net-worth individuals, investors and international law firms.

We are instructed on a broad range of projects, such as worldwide asset tracing (including crypto tracing), intelligence gathering, enhanced due diligence, fraud investigations and digital forensics.

We pride ourselves on the quality of our service and the speed of our response.

About the role

This is a great opportunity to make an immediate impact at the top level of a fast-growing company. The successful candidate will play a vital role in supporting internal and external stakeholders, including clients, and in growing the business through sales support activities.

This is a varied role, working in a small, fast-paced office, with exposure to most (if not all) parts of the business. Members of our operations and client services teams are based in the Kent office. The Group Managing Director (GMD) is based in the North West, therefore the main points of contact with him will be by phone, email and online meetings.

Typical areas of responsibility and tasks will include:

  • Managing the GMD’s email inbox – flagging important emails, responding where relevant, and ensuring timely client communications.
  • Managing the GMD’s diary – arranging meetings, organising his time, and ensuring he is in the right place at the right time.
  • Ensuring the GMD is suitably prepared for each meeting.
  • Acting as a gateway to ensure the GMD’s time is used effectively.
  • Organising travel and accommodation.
  • Filing expenses.
  • Taking minutes at team and other meetings.
  • Ensuring the smooth running of the Kent office, in terms of administrative tasks, office supplier management, and compliance such as monitoring adherence to the company’s clear desk policy.
  • Updating records, including in our customer relationship management (CRM) platform.
  • Distributing incoming post and sending outgoing post.
  • Providing cover for administrative tasks usually undertaken by other roles in the team.

About you

You will be:

  • Highly organised and efficient.
  • A strong communicator, comfortable working through phone calls and virtual meetings.
  • Confident and able to ‘manage up’ to ensure the GMD is well organised.
  • Proficient in Microsoft Office tools – particularly Outlook for email, calendar, task and contact management – and other computer software, such as web browsers.
  • Confident learning new software.
  • Professional, positive and proactive in your approach.
  • Detail-orientated.
  • Flexible and able to adapt quickly to new/changing instructions.

You must have:

  • Previous PA experience, ideally at director level.

We will provide all necessary training on systems and processes.

How to apply

If you are interested in the Personal Assistant to Group Managing Director role and would like to apply, simply send your up-to-date CV to us at hr@esarisk.com and we will be in touch.

Graeme McGowan has died aged 69

It is with sadness that we report the death of Graeme John McGowan, one of ESA Risk’s Cyber Security consultants.

Graeme passed away on Wednesday 29th November 2023 at the age of 69, following a period of poor health.

Graeme McGowan - cyber risk and security consultantGraeme will be fondly remembered for his humour, character, and love of football, cricket and Pink Floyd. He had an enviable worldwide network of friends, colleagues and contacts, including a huge group of what Graeme called his ‘alumni’ – people who had worked and trained with him over his many years of public service in government agencies.

Graeme’s mission was to keep people safe online. He worked tirelessly towards this goal during his nearly 40 years in the public sector and in the many private sector roles he held after taking early retirement from a government agency in 2008. Among his many achievements, post the 7/7 London bombings, Graeme was seconded to the Home Office as the first senior government communications officer where he was responsible for developing the code of practice for, and the enactment of, the Regulation of Investigatory Powers Act 2000 (RIPA) Part III.

His work in cyber security was recognised by the Chartered Institute of Information Security when he was made a Fellow in 2021.

Graeme’s motto of ‘training, education and awareness’ lives on in the work of the organisations he was part of.

Graeme is survived by his two daughters and two grandsons. Our thoughts are with his family and friends, at this time.

Mike Wright to drive to Ukraine to deliver Christmas presents to children

As an investigator, I am no stranger to interesting phone calls with insolvency lawyers. However, I can safely say that Chris Keane (of Clarke Willmott) is the first to ask me to drive to a warzone to deliver Christmas presents.

I said yes, of course.

On 26th November 2023, we are due to travel to Chernivtsi in Ukraine to deliver Christmas presents and humanitarian aid to children housed across three orphanages and more than 20 shelters.

Making the return trip of around 3,250 miles from Manchester alongside me and Chris Keane will be Keir Merrick (also of Clarke Willmott), Niall McCulloch (Enterprise Chambers), Mark Jeffries (Camel and Rotary Club of Wakefield Chantry) and Nicholas Ellis (Ellis & Co Accountants).

Working with the Charitable Organization of the Chernivtsi Diocese, we will attempt to improve the quality of the lives of:

  • Over 250 children across three orphanages in and around Chernivtsi.
  • Over 500 displaced children that are currently being housed in temporary shelters across 23 parishes in the Chernivtsi region that may have lost one or both of their parents as a result of the war.

Prof. Mariia Fedoriak and Fr. Liubomyr Ivanochko, the directors of the charity in Chernivtsi, inform us it is critical that any aid arrives prior to 1st December 2023. After this date, new customs regulations come into effect in Ukraine and the charity cannot afford to pay the legal fees required to process the necessary paperwork to ensure the aid can get through prior to Christmas.

We are hoping to raise £30,000 in support of this cause. If you are able to, please donate via our Just Giving page.

In addition to any Christmas presents we may choose to take with us, the following items are desperately needed:

  • School supplies to include stationery, notepads, art and drawing materials etc.
  • School backpacks.
  • Sports equipment to include balls, nets, tables tennis equipment etc.
  • Children’s games (including a special request for large Lego or Duplo blocks for children with learning disabilities).
  • Hygiene products to include nappies, sanitary products, shampoo, deodorant, body wash, shower gel, toothbrushes etc.
  • Winter coats.
  • 20 – 30 tents and associated camping equipment such as sleeping bags, sleeping mats/airbeds, lamps etc. so they can be used for summer camps to take the children away from the orphanages/shelters for a much-needed break.
  • An off-grid solar power system to be installed at the remote summer camp the charity has currently been gifted the use of.

We will be taking a week away from our ordinary routines to make the trip through France, Belgium, Germany, Poland, Slovakia, Hungary and Romania to reach Chernivtsi in the southwest of Ukraine, 25 miles from the border with Romania.

We currently have two vehicles in which to make the trip, but we would like to travel with three. If you are in a position to assist us by loaning a van (standard or Luton) for the trip, please get in touch.

In announcing the trip last week, Chris Keane said:

“As a father of two beautiful little girls, it really saddened me to read of the plight of the thousands of orphans and other children displaced by the war in Ukraine, especially with Christmas just around the corner.

“Whilst we are seeking cash donations to pay for the items listed on the Just Giving page, we would also really welcome the direct donation of some or all of the items. If you or your organisation can directly supply any of the items listed, we would be very grateful indeed.”

Any support really is appreciated by our group and by the charity in Ukraine.

If you are able to donate money, please do so via our Just Giving page.

If you can donate any of the items listed above, please contact me.

If you can support our efforts on social media, please use the hashtag #ChernivtsiChristmasAppeal.

Thank you.

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