Richard Butler Creagh

Lessons learnt from Carillion
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  • Minimise overheads - often companies which are growing or have recently seen a large increase in profit feel that the best route is to expand. Although growth and expansion is what every business aims for, you need to be cautious when it comes to overheads and the amount of money which is being taken out of a business. If you are able to do the work within your team, do it. Do not subcontract work to other companies unless necessary. Reducing the amount spent on overheads will have a direct impact on the success and profit of your business.
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  • Don’t overreach – if a project seems too big or too risky for your business, it’s usually because it is. Although projects which are outside your reach may have the potential to be extremely profitable, they also have the ability to lose you a lot of money. Before taking any big risk think about what would happen in the worst-case scenario. If there is a backup plan in place and you can ride it through, then by all means go for it. But just remember that the risk may not reap the rewards.
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  • Suppliers –  a lot of the suppliers were told that they were not getting paid for 100 days on their invoices. If your contract stipulates that the payment will have a delay on it then make sure that you build this into your cash flow and are on top of your finances. Furthermore, make sure that you don’t have all your eggs in one basket and spread your fees out.
  • The time to build? – with many sub-contractors being put out of work, this may be the ideal time to make the most of the large supply of labour.
 
Lessons from Trump
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  • Healthier lifestyle - although the President divides opinion, something which we should all take inspiration from is his recent health results. Your health and wellbeing is something which will directly affect your success, you cannot be working at an optimal level if your body is letting you down. Get half an hour’s moderate exercise a day, cut down on salt and sweets, and get a good night’s sleep. These are all changes which are easy to implement, and which can make a world of difference to your wellbeing, allowing you to work at the next level so that you can become your own property tycoon, but hopefully with better hair.
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Find out more about Richard Butler Creagh on Henley Finance website here. You can also learn more about Richard Butler Creagh online here.
 
Posted: 17/01/2018 19:48:17 by Simon Leigh | with 0 comments


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Most of the people that are in the process of making this huge decision often wonder about selling their home and then end up struggling to find their next one. Also, they may be worried that they will find the home that they have always dreamed of, but then they still have not really sold the present one they are living in.

A very good solution to these dilemmas would be bridging finance. As the name implies, it is a bridge that is designed to help make it possible for you to go through one property transaction to another. What it does is provide you with funds that you need to make the purchase of a new house possible on the condition that you will sell your current one.

It offers you the flexibility to make the purchase without the need to have to wait until your present home is sold before entering into a contract. It helps simplify the usually complex and messy terms that are usually involved when everything has to be banked on you selling your current home.

Many people have noted that availing of a bridge loan helped them go through the moving process a lot easier. The fact that they will not have to deal with immediate deadlines when they have to vacate their homes ensures that they will be able to go through the moving process at their own time and pace. At the same time, this gives you the opportunity to even get the new property decorated and improved first before you will decide to move in.

Bridge loans work almost the same as any home loan. There will also be repayments that are required if you are to take advantage of one. The way the loan is fashioned is quite ideal especially for retirees that need to deal with reduced incomes who want to reduce their home expenses by either moving to a less expensive home or by downsizing their house. This is also ideal for those home-owners who presently have a loan on their property that must be repaid first before they can get the house sold.

When availing of a bridge loan, it is important to remember that certain requirements may be asked of you, the borrower, before you can proceed with the application. Read more latest news about bridging finance on Richard Butler Creagh blog here. You can also like and visit Richard Butler Creagh official Facebook page here.

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Posted: 12/12/2017 13:26:02 by Simon Leigh | with 1 comments


Richard Butler-Creagh had many successful years in property development before he started his own company Henley Finance in 2013. The property market can be difficult especially in these economic times. However, it’s not all doom and gloom, here some tips on what you should do before selling your home that will help make it more sellable. 

When you’re getting ready to sell your house, it’s difficult to know where to start. But a few quick tips before you sell your house will ease everything that follows. You might even get a few more dollars for your former home sweet home.


Here are some tips to do before selling your property:


Painting

You should paint bathroom ceilings if they need it, paint kitchen cupboards if the colors are outdated. Consider changing the handles of the doors as well. It is a very inexpensive way to modernize your kitchen and most cupboard handles are standard size so they are very fast to change. Be aware that re-painting entire exteriors can be expensive especially when scaffolding is involved


Gardening

You will want your garden to appear as low maintenance as possible. If you present a part that is well maintained it will give buyers confidence that you have taken really good care of your home. Make sure any trees and hedges are not coming into contact with the house itself. Ensure the walkways are clear from over hanging branches of leaves.


House-Washing & Cleaning

Sometimes all that is needed is to make a big difference to the presentation of your home
is a good and nice house wash. When these are done nicely, they can cost a bit more than you might think but they are worth every cost. Be sure to also wash gutters, paths and driveways too. When you are about to sell you also need to clean as if the local health and safety inspector is coming for a house check. Get some help if you need to and clean all those surfaces you don’t normally bother with like toilets or inside your pantry.


De-clutter

Take out everything you don’t need for daily living. When you visit a show-home event, the first thing you notice is that they have a really small amount of furniture, but they do that on purpose. The more you take out furniture out of a room, the bigger the space will feel to a prospective buyer. Hire a storage service if you really need to, and use your garage for extra storage. As long as buyers can walk into your garage and see how big it is, it’s ok to fill it with boxes and some furniture. A garage is a garage for most people.

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Posted: 30/10/2017 13:27:48 by Simon Leigh | with 1 comments


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Great news that the Help to Buy Scheme is continuing to be supported by the government for a further period. On Monday 2nd October 2017, the government committed another £10 billion to the project which will hopefully see it in action for another 10 years.The scheme launched in 2013 by George Osbourne is designed to assist first time buyers by subsidizing their deposit so that a deposit of 5% is possible.  

With property prices taking such a giant leap in the last 20 years, at first glance you might think that the only way to level the field again is for property prices to come down.  But we know what happens when property prices fall.  Home owners go into negative equity and homes get repossessed.  The Help to Buy Scheme is an imaginative solution meaning that more first time buyers are able to get on the property ladder, but without destabilizing the property market.  Historically, starter homes were a low multiple of the local average wage, three, four or five times, but now they are considerably higher.  The Office of National Statistics reported average wage earnings for UK to be £27,271 and the average price of a home, reported by the Land Registry to be £226,185 in 2017.  This is a multiple of over eight times.  With these figures it is easy to see that the barrier for entry to the property market is getting the deposit together, and not the interest rate, which has historically been the case.  Help to Buy helps bridge that multiple gap, so with the ultra-low mortgage rates, home ownership becomes accessible.

Critics of the Help to Buy policy level that the housebuilder’s are the only ones benefitting from the subsidy as they are able to sell new homes at market price. In some areas, there has been an increase in house prices for first time buyers, but this should only be temporary as some areas have such a shortage of housing, the demand for a small supply has flooded the market.  As we know, not only sustaining market price is important, but incentifying housebuilders to build for this end of the market is important too, as often more price per square foot is achieveable on a high end build.  With this formula, house builders will continue providing for this market, until the market forces the price to come down – and that will be when the demand for new homes has been satisfied.  So it won’t be any time soon but it is a good plan well executed.

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Posted: 06/10/2017 02:26:24 by Richard Butler-Creagh | with 1 comments



I haven’t commited myself to an organized run for a couple of years now, so it was after I had had a chat with my old marathon running pal, Neil, that we decided to go for the Henley Half Marathon on 8th October 2017.  I haven’t run a distance like that for a while and thought I would do a bit of research this time to see if there was another approach that might help me mitigate the chance of injury.  Too many times, I have embarked on a training programme and had to stop because I had IT band problems or a calf strain. 

During my research I came across something on YouTube which took my interest by a guy called Jeff Galloway - giving a talk at Google.  Here is the video:



He is an Olympian at 10,000m, published many books and frequently writes for Runners World – his field of expertise, running injury free.  What I heard in this video has changed my entire approach to running.  The most controversial part of his approach is that you don’t need to stretch.  It sounds crazy to anyone who has ever been to the gym, watched or read any fitness/health material or spoken to anyone who does yoga.  However, I really dislike stretching and so many of the injuries I have had are whilst stretching.  I accept that my calf muscles are solid even when relaxed which isn’t good, but I was ready to be converted.  

Jeff’s approach is based on the interval/fartlek technique or as he calls it ‘the run, walk, run method’ so rather than employ the technique as just a training exercise, it is a style of running where, depending on your level of fitness, the running is a certain amount of time and then you walk of an amount of time and then repeat.  The outcome is faster running, a short recovery walk, with an overall improved time and – no injuries.  The walking allows the circulation to return to your muscles more closely imitating how our ancestors would have hunted.

I have been using this method now for nearly a year and can say it is the longest period of running I have had injury free.  I have invested in one of his wrist timers which beeps at the desired interval and after a good 16.3 mile run the other day which was very quick for me, even though I finished in the pitch black, I am ready for the half marathon next weekend.  Fingers crossed – and thank you Jeff. Find out more about Henley Finance here. Follow the Richard Butler Creagh Twitter page for our latest updates.
Posted: 05/10/2017 02:50:37 by Richard Butler-Creagh | with 0 comments