The following Practice Management precedent provides comprehensive and up to date legal information covering:
There is little point in collecting data on a firm's financial performance if that data is not used to improve its performance. A firm’s fee income, fee-earning capacity and fees per fee earner are all useful indicators of its current financial performance. This precedent can be used to analyse these indicators and to undertake a modelling exercise to understand the potential financial impact if any of the current variable figures change.
To complete this analysing and modelling exercise you need to follow a three–step process:
step 1—calculate key variables
step 2—calculate and analyse the firms current fee income, fee-earning capacity and fees per fee earner
step 3—undertake a modelling exercise to understand the potential financial impact of adjusting any of the variables
This precedent will assist with steps 2 and 3. It should be used in conjunction with precedent: Variable calculations, which will assist with step 1 of this process.
Please click for an Excel version of this precedent. In this version each worksheet has auto-calculation formulae embedded within it meaning you only need to enter the raw data into the relevant cells/columns and the result will be calculated for you. You
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This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to the gains and losses of intangible fixed assets. Note, however, that certain intangible fixed assets are excluded from the regime, see Practice Note: Excluded intangible fixed
A limited company that proposes to issue redeemable shares must comply with the provisions of the Companies Act 2006 (CA 2006).Why do companies issue redeemable shares?A company may wish to issue redeemable shares so that it has an alternative way to return surplus capital to shareholders without
The Standard Conditions of Sale (SCS), currently in their 5th edition (2018 revision), are a set of standard conditions which are commonly incorporated into contracts for the sale of residential property. The Standard Commercial Property Conditions (Third Edition—2018 Revision) (SCPC) are used for
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