What will 2024 bring?

Where did January go!

At DA we’ve been busy focusing on our strategy for the year ahead and are contributors to the first ‘Ownership Matters’ issue of 2024 for EOT (employee ownership trust) businesses.

As one of the first restructuring and insolvency firms in Scotland to make the transition to an EOT in 2020, it’s impressive to see the growing number of businesses making the same positive decision.

Ownership Matters’ What will 2024 bring? features Christine Convy, Director at Dunedin Advisory who said:

‘Once again, we reflect on a challenging year for businesses in 2023 – with the continued economic uncertainty, soaring costs and political unrest, resilience and sustainability is key. As an EOT business we are proud to have a committed, positive, and engaged workforce – who work hard, get along together as a team and continually strive to maintain our exceptionally high standards. We reward our team with EOT bonuses each year and are proud to be a part of the EOT community where business sustainability and overall well-being and satisfaction of our workforce is at the heart of what we do.

We are delighted with the recent well-deserved promotion of our Supervisor Katie Martin to the role of Assistant Manager. Our case officer Jamie Grant has committed to studying for the Certificate of Proficiency in Personal Insolvency (CPPI) exam in June ‘24 and all our team is exploring new ideas to further enhance our working practices including the consideration to AI methods as new initiatives evolve.

Our Dunedin team are renowned as the go-to independent business with a solution-driven approach to difficult situations and supporting our clients navigate uncertainties to achieve best outcomes. We also endorse and recommend the EOT model to other business owners and regularly provide information and details of our experiences as an EOT business to owner-managed businesses.

Our future thoughts revolve around the potential for renewed economic growth, driven by innovation and adaptability.

For 2024 we look forward to continuing the strong business relationships with our contract customers and work introducers and to serving our clients with our high-quality service in business consultancy, restructuring, debt advice and formal insolvency procedures – providing a crucial role in guiding businesses through challenging financial circumstances, offering expert advice and solutions to navigate complexities. Our commitment is to find viable strategies, preserve businesses wherever possible, safeguard jobs and to foster economic resilience. We look forward to a prosperous 2024 for all.’

(Excerpt from Ownership Matters produced by Ownership Associates UK)

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