Grant Thornton assists in the restructuring of The Jersey Aero Club
8 April 2021
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.
Grant Thornton Jersey is the first professional services firm to receive Good Business Charter
5 March 2021
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 is the first firm in the Channel islands to achieve IIP Wellbeing status
12 February 2021
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 expands in Guernsey with the acquisition of Saffery Champness (Guernsey) audit business
01 December 2020
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.
Grant Thornton Comment on Guernsey’s Insolvency Update
17 November 2020
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.
CanArgo Limited (Company) and a liquidators approach to competing 'prior rights'
09 November 2020
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.
Autumn Promotion Success at Grant Thornton
2 November 2020
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:
- Gashirai Masvikeni to Audit Manager
- Asanda Ndlondlo to Audit Manager
- Brady Lesbirel to Audit Manager
- John Paul Conadera to Audit Manager
- Toni Abejo to Audit Assistant Manager
The Jersey promotions include:
- Reenalyn Narag to Audit Manager
- Jayson Perez to Audit Manager
- Katie Bellamy-Burt to People & Culture Assistant Manager
Grant Thornton Channel Islands prides itself on creating an environment where people are supported to continually grow and develop, both personally and professionally.