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Failure Retrospectives and Warning Systems

Test which cash, funding, governance and counterparty warnings were knowable before distress, while keeping legal records and illustrative models distinct.

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Failure Retrospectives and Warning Systems

Article 1 of 3 · Programme Part 11 · 19 MIN READ

The retrospective method

After a company fails, its final crisis can make the ending seem obvious. That feeling is dangerous. The reader now knows which supplier went unpaid, which loan fell due, and which rescue did not arrive. A lender or owner three years earlier did not know those outcomes with certainty.

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Failure Retrospectives and Warning Systems

Article 2 of 3 · Programme Part 12 · 18 MIN READ

Nakumatt and Tuskys: two retail distress records

Nakumatt and Tuskys are often discussed together as Kenyan supermarket failures. They are useful cases for asking what went wrong in a cash-intensive retail model, but their court records do not tell one interchangeable story. Each had its own legal company, creditor list, financing, operating…

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Failure Retrospectives and Warning Systems

Article 3 of 3 · Programme Part 13 · 18 MIN READ

Twiga and Copia: funding, legal entities and what the record can show

A start-up can raise a large sum and still run short of cash. The fundraising figure is not the company’s revenue, bank balance, gross margin, operating cash flow, cash runway, or the amount its owners could withdraw. It describes financing raised across particular entities, investors,…

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