It is commonplace for shareholders holding the same shares to enter into side letters and informal arrangements that can alter their rights. The same effect occurs between debtor firms and creditors, whose relative rights also change with time.
In 2014, the subject of workplace culture was so prevalent that Merrian-Webster identified it as the word of the year. With this being based on the number of “lookups” of crises that appeared in the news, it seems it remains an elusive subject for some – including these five firms.
It is indisputable that cash flow is the lifeblood of most SMEs. But recent research has demonstrated that 30 per cent of SMEs are currently experiencing cashflow difficulties.