I met Graham 15 years ago when he approached me to supply quality handbags and leather goods to Finishing Touch. We rapidly developed an affinity for each other, he is incisive in his approach which enables him to predict and prepare for change. His decision to exit Finishing Touch when he did, a business that he and Nicola built from scratch, must have been a difficult one, its image and reputation were second to none. However, the trade continues to face a period of rapid change and hindsight would suggest it was the right move.
Manufacturer, importer of "Bueno" and "Madison" Handbags
and agents for Il Ponte Pelleteria S.P.A. "The Bridge"
I first met Graham Smith in August 2016, when he consulted me in connection with his company which operated a retail business in Shrewsbury and which was suffering as a result of a number of external influences, as indeed many retail businesses currently are.
Graham’s initial instructions to me were to place the company into liquidation, but following a review of the business, it became apparent that this would not produce the best result for the creditors, or indeed for Graham and his wife, Nicola, who were also creditors. We agreed to place the company into administration to enable a structured closing down sale to proceed.
As a result, and with support from Graham and Nicola, a very successful closing down sale produced a distribution to non-preferential creditors of almost 60 pence in the pound. If the company had simply been liquidated, the creditors would have received nothing.
Graham’s integrity and commitment were major contributory factors to the success of the administration, not least because of their impact on reducing the level of costs incurred in the process. His flexibility and pragmatism, when faced with a rapidly evolving situation, were greatly appreciated.
John D Travers
Licensed Insolvency Practitioner
John D Travers & Company
"I first met Graham when he assigned the lease of a shop to me. We struck up a rapport and have been friends ever since.
On several occasions, I have asked his advice on what to do about certain situations which have arisen in my business including advice on renewing my lease. He has always given knowledgeable, well-researched answers to my questions, suggested options going forward, and then left me to decide which course of action to take."