On 10th June 2022 Alan Roberts, of Grant Thornton, was appointed as Liquidator of two Jersey companies, pursuant to the new Creditors’ Winding Up procedure amendment to the Companies Law, by the Royal Court in Jersey.
The winding up orders were made after the petitioning creditor had issued statutory demands against two companies which had remained unanswered and unpaid.
Alan Roberts commented ‘The Royal Court has demonstrated a confidence and willingness to implement the new Creditors Winding Up procedure to give effect to an unpaid creditor wishing to have recourse against a delinquent debtor. This should be a very welcome development for creditors seeking recovery where attempts to obtain debt repayment have previously been thwarted by Jersey’s lack of creditor legal recourse. Jersey has done well to introduce this change to the law which brings it in to line with other modern jurisdictions.
Hatstone acted for the successful petitioning creditor.
Jersey Bulls have unveiled details of the inaugural Bulls Cup and Grant Thorntons sponsorship. The Bulls Cup will take place on the 16th & 17th July 2022 at Springfield Stadium, Jersey. The Bulls Cup will be an annual event, which this year, in addition to Jersey Bulls FC, will feature FC United of Manchester, Cray Wanderers and Hashtag United who collectively have well over 2m social media followers.
Ian Horswell, CEO, Jersey Bulls, “I am delighted to announce this new competition which will see high quality opposition come to the island. This will be an annual event which we will host, and we are hoping that it will also be embraced by the local community at grass roots level.
We are pleased to have Grant Thornton on board as the Bulls Cup sponsor and we look forward to a successful competition this year and for the foreseeable future.”
Adam Budworth, Managing Director of Grant Thornton Ltd says “We are very pleased to be involved with the Jersey Bulls and the Bulls Cup and look forward to welcoming teams from the UK. The added dimension of community involvement is very exciting and more on that will follow shortly.”
The Bulls Cup will be played across the weekend (16th & 17th July), with two matches per day. Tickets can be purchased for the entire weekend; day passes and individual matches. All the teams participating this year have interesting pedigrees:
Hashtag United Football Club are based in Pitsea, Essex, England and are currently members of the Isthmian League North Division and play at the Len Salmon Stadium.
Founded in 2016 by YouTube personality Spencer Owen, the club originally played exhibition matches against professional football clubs' staff teams, Sunday league teams and non-league teams. The games were filmed and highlights were uploaded to their YouTube channel, where they quickly gained a significant online following. In 2017, Spencer Owen began talks with the FA over the possibility of Hashtag United joining the non-league pyramid. The club subsequently entered the league system at the beginning of the 2018–19 season, joining the Eastern Counties League. They currently have over 800,00 social media followers.
Football Club United of Manchester compete in the Northern Premier League Premier Division, the seventh tier of the English football league system, and play home matches at Broadhurst Park. They were founded by Manchester United supporters opposed to American businessman Malcolm Glazer's takeover, F.C. United entered Division Two of the North West Counties Football League, earned three consecutive promotions and were promoted for a fourth time to National League North for the 2015–16 season. In cup competitions, F.C. United reached the second round of the FA Cup in 2010–11 and the fourth round of the FA Trophy in 2014–15. In 2019 they were relegated back to the Northern Premier League.
Cray Wanderers Football Club based in Sidcup, London. The club claim to have been established some time in 1860 in the twin villages of St Mary Cray and St Paul's Cray, near Orpington. Such a date would make it one of the oldest football clubs in the world.
They currently play their home matches at Bromley's Hayes Lane ground (capacity 5,000). The club are in the process of building their own stadium at the former Flamingo Park location on the A20 in Sidcup in Kent, which will be opening in time for the 2023–24 season.
Cray Wanderers were Kent League champions four times, and have reached the fourth qualifying round of the FA Cup twice in their history. The club currently play in the Isthmian League Premier Division.
As the home team Jersey Bulls Football Club are hoping for a full house and a partisan crowd on what will be another club first. More information regarding the detail of the Bulls Cup will be published shortly and tickets for all games will be available to purchase via the Bulls website www.bulls.je on 14 June 2022 from 6pm.
Grant Thornton Channel Islands are delighted to announce the promotion of Kimberley Godinho to Senior Manager in their Jersey tax team.
Lisa Guy, Tax Director, added “We are delighted to fill this senior specialist tax role with an internal promotion. Kimberley has more than 10 years’ experience advising local businesses and individuals on a range of tax related issues. She will continue to support our clients with all their tax needs as well as providing local experience and training to our expanding Channel Islands tax team.
Editah Nakamya has joined Grant Thornton Channel Islands as a Senior Manager in the Audit practice. Editah joins Grant Thornton from KPMG Channel Islands. She has deep expertise in financial services and her role will focus on clients in the industry including but not limited to real estate funds, private equity and debt funds, fiduciary businesses and special purpose vehicles. Her work includes delivering the audit of financial statements, regulatory reviews and other agreed upon procedures.
Editah holds a BA Sc degree in Agribusiness Management from the Makerere University Kampala, Uganda and is also a Fellow of the Association of Chartered Certified Accountants (ACCA). In addition, she has also qualified with the Institute of Certified Public Accountants, Uganda.
Overseeing Editah’s recent appointment, Alex Langley, Director and Head of the Audit added, “We remain continually focused on investing in our audit quality for the benefit of our clients and stakeholders. Our financial services client base has grown significantly, and Editah’s experience and expertise in financial services is integral for the ongoing growth and first-class service we aim to continue to offer our clients. We are excited how Editah’s will add further value to our proposition.”
Editah said of her recent appointment, “I’m delighted to join Grant Thornton, one of the Channel Islands’ leading independent assurance, tax and advisory firms, dedicated to serving the needs of privately held businesses, financial services and private clients. I look forward to working collaboratively with clients to identify their needs and delivering solutions to resolve any issues.”
The Jersey Aero Club has just completed a successful restructuring of its assets and now faces a promising future. The restructuring has been assisted by Grant Thornton’s Restructuring team, led by Alan Roberts.
The Aero Club’s newly formed Committee has established strong procedures to re-develop the Club’s governance, activities, and facilities. Despite facing difficult times and the cessation of flight training during the past year, the Club's members have been very supportive, and membership numbers have remained buoyant.
Like many businesses, clubs, and societies, the COVID pandemic hit the Aero Club hard. In May 2020, it had no other choice but to shut its operations. A subsidiary company that operated flight training and managed general aviation operations and the bar and café provision became insolvent and were wound up.
Alan Roberts, Director of Recovery and Reorganisation at Grant Thornton, who led the Club's restructuring, said, "There has been a rise in closing some local businesses or reducing their activities due to the economic effect of COVID. The Aero Club remained resolute in its focus on recovering and regaining its financial stability. My team and I are very pleased to have supported the Club in this successful restructuring."
Now, In its 70th Anniversary year, The Jersey Aero Club is once again financially sound, it has re-opened its doors and has a strong and positive vision for its future.
The Jersey Good Business Charter has awarded Grant Thornton Jersey with Charter Status to recognise its transformative approach to creating a happy working environment for its people.
Paul Milbank created the Jersey Good Business Charter to highlight, celebrate and encourage the contribution of businesses in Jersey to build a better community and a better world.
The Charter Mark is awarded to businesses that can demonstrate against a series of standards that they are serious about approaching business ethics and corporate social responsibility. They should demonstrate a clear focus on the impact of business on its people, supply chain, community, future generations and the planet.
Grant Thornton is the first professional services firm in Jersey to be awarded the Chartered Status. The Council were particularly impressed by the impact that the firm is having on its people in creating employee engagement and satisfaction – as evidenced by its extraordinary Employee Net Promotor Score.
Brendan McMahon, Chair of the Board of the Jersey Good Business Charter, said, "On behalf of the whole Board, I would like to congratulate Grant Thornton for this significant achievement. I know that our Council was very impressed with two aspects of their application: their innovative work in the community with local charities and their great staff satisfaction ratings, which are the highest in the entire global Grant Thornton network! We will be encouraging Grant Thornton to continue in their Good Business Journey and to consider applying for the next level of the Charter".
Adam Budworth, Managing Director of Grant Thornton, said, "We are delighted to receive news of this Award. Leading our business with a people-first ethos has always delivered excellent results, not least in our financial performance, but more importantly, our team's happiness and engagement. We are delighted to be recognised for the positive approach we take in supporting our people and the wider, local community".
Grant Thornton has become the first company in the Channel Islands to be accredited by Investors in People (IiP) with a prestigious silver wellbeing award in recognition of the firm’s efforts to invest in its people and their overall wellbeing.
Grant Thornton Channel Islands has acquired the audit business of Saffery Champness in Guernsey, providing significant opportunities for further growth. It will enable Grant Thornton to expand into the local business market as well as financial services sectors and outsourced finance functions. This transaction serves to bolster Grant Thornton’s presence in the Channel Islands and supports the company’s growth strategy.
In response to Deputy Ferbrache’s comments, Director of Recovery & Reorganisation at Grant Thornton Channel Islands, Ben Rhodes, shares his insight into what the proposed new insolvency laws could mean for the parties involved.
The Royal Court of Guernsey has recently handed down judgment upon an application by the liquidators of CanArgo Limited (Company), Ben Rhodes and Alan Roberts of Grant Thornton (Liquidators), for directions blessing the sale of the Company's assets which were caught between competing 'prior rights' claims of two protagonists.
Grant Thornton Channel Islands has promoted eight staff across its offices in Jersey and Guernsey. The promotions are focused for the most part on its Audit team, with one in its People and Culture team.
The Guernsey promotions include:
The Jersey promotions include:
Grant Thornton Channel Islands prides itself on creating an environment where people are supported to continually grow and develop, both personally and professionally.
Grant Thornton are proud to be a sponsor of the STEP annual ball on its 25th anniversary.
