Next Agility3 breakfast event: February 28th, 8:00, Lausanne

What the Thomas Cook collapse can teach us about Value Creation.

When Thomas Cook collapsed in 2019 it marked the end of a 178-year-old company. It was a reminder that in a VUCA (volatile, uncertain, complex and ambiguous) world no-one is immune to the forces of change. This case study identifies clues to the impending collapse in the company’s reports and allows us to understand value creation better. 

Intangible assets now constitute 80% of the valuation of publicly quoted companies, yet accounting standards exclude most of these from the reported balance sheet of companies. We will look at the four characteristics that make intangible assets highly valuable and different to tangible assets. Then we will examine the four main elements of value creation to see how these related to Thomas Cook.

What you will learn

  • A value creation framework that can be used in your business.
  • The difference between value creation and value capture.
  • The need to consider whether variances from plan are isolated incidents or indicative of more long-term trends.
  • A VUCA world requires more leading indicators (versus lagging indicators). How can these be better integrated into reporting frameworks?
  • Understanding better how working capital can be managed?
  • How intangible assets are the result of value creation yet for the most part excluded from the accounts.
  • The four S’s of intangible assets.

The presentation and discussion will be led by Mark Kissack, a partner at Agility3. Mark helps leaders of organisations create long-term value by guiding their decision-making.

Mark Kissack is a Chartered Accountant. During his career in corporate finance, he has worked at senior level for world-class companies including Hertz, Metalor and Sicpa.

Date: Friday, 28 February
Time: between 8:00 and 9:30
Place: Espace Dickens, Avenue Charles-Dickens 4, 1006 Lausanne.
Cost: CHF 20, paid cash at the event.

We hope very much that you can join us and I look forward to seeing you again.

To register, please fill in the form below