Also known as the winter fungus as it can commonly be seen in our woods during the winter. It also be found at other times of the year too. It is recognised by the slippery orange cap and the black velvety stem or stipe. It is usually saprophytic on dead wood, but can also be parasitic, invading wounds in the tree.
This fungi is edible, being described as good in flavouring stews and soups, whilst if it is sautéed on its own, it has a good flavour, but a "slippery" taste.