Dead stock: admitting what is never going to sell
Dead stock ties up cash and space while appearing as an asset. How to identify it, the options in order of value recovered, and why holding on is the expensive choice.
A fire risk assessment is a legal duty for anyone controlling premises. What it covers, how often to review it, and the findings that get ignored until an inspection.
A fire risk assessment is the written examination of how a fire could start in your premises, who would be harmed, and what you have done to prevent and control it. In most jurisdictions it is a legal duty resting on a named responsible person — the employer, the occupier or the building owner — and not on the fire service, the landlord by default, or the consultant who wrote it. The duty is continuous, which is the part that surprises people: the assessment is not a certificate you obtain once but a live document you are expected to keep true.
The law usually requires a competent person, not a certified one, which is a lower bar than people assume and a higher bar than they act on.
The assessment is not the deliverable. The action plan is. Enforcement and insurance disputes rarely turn on a missing assessment; they turn on an assessment that identified a problem which was still open two years later. An unactioned finding is worse evidence than no assessment at all, because it proves you knew.
The assessment identifies which doors matter; it does not keep them working. Routine fire door testing — gaps, seals, closers and latching, recorded door by door — is the ongoing check that the control the assessment relies on is still in place.
Ettex Records keeps the assessment and its action plan as one linked record: each significant finding with an owner, a target date and a status, so the review a year later starts from what was closed rather than from a re-read of the whole document. It sits alongside the wider risk assessment work and the permit records for contractors on site. Ettex does not carry out assessments, does not certify anyone competent, and has no view on whether your premises comply — the duty and the judgement remain the responsible person’s.
Regularly, and immediately on material change. Annually is the common working standard where nothing has changed, but a layout alteration, a new tenant or a near miss triggers a review whenever it happens.
Usually not on its own. A landlord assessment typically covers common parts; what happens inside your demise, with your processes and your people, is normally yours. Read theirs, then assess the gap.
The written threshold varies but is low, and the practical answer is yes. An unwritten assessment cannot be reviewed, handed over, or shown to an inspector, which removes most of its value even where it is technically lawful.
Dead stock ties up cash and space while appearing as an asset. How to identify it, the options in order of value recovered, and why holding on is the expensive choice.
Professional indemnity insurance responds to claims that your advice or work caused a loss. Who needs it, how claims-made cover works, and the gap that catches people who stop trading.
A freight forwarder arranges shipping but does not usually carry anything. What they take on, what remains your liability, and the documents to check before a first shipment.