The Business : News

Garry Lee - Chair R3 Southern Thames Valley Committee

Monthly corporate and individual insolvency statistics (December 2020) - R3 Southern and Thames Valley response

New figures show that rising numbers of people and businesses are entering an insolvency process despite Government support to weather the Covid crisis. R3, the trade body for restructuring and insolvency professionals in the South and Thames Valley, says that the impact of the pandemic is finally beginning to show in the statistics. It has responded to increases revealed in insolvency figures for December 2020 - and says that it is a question of 'when, not if' the numbers further rise this year.

Small firms breath sigh of relief following Supreme Court's interruption insurance verdict

Commenting on the Supreme Court's decision to rule in favour of policyholders in the landmark Financial Conduct Authority (FCA) business interruption insurance test case, Federation of Small Businesses (FSB) Development Manager for Dorset, Nicola Bailey said:

Christian Gattiker Chief Strategist Bank Julius Baer

Inspire brings leading global economist to offer insight to local business leaders

Hot on the heels of the new Brexit trade deal and with a new US President about to be sworn in, not to mention the concern around the pandemic, the beginning of 2021 could be a little unnerving for the global economy. To help get a handle on what the economy will look like in 2021, Poole-based business and tax advisory firm, Inspire is hosting an Economic Update webinar, with leading global economist, Christian Gattiker on Thursday 21 January.

CBI response to extra business support during third lockdown

Rain Newton-Smith, CBI Chief Economist, said: "The Chancellor has once again moved swiftly to support businesses as circumstances change. It is sorely needed. "More direct grants will provide some relief to eligible companies' cashflow. "Yet with businesses facing a third lockdown, there are other steps that can help provide a bridge to the all-important economic recovery, particularly those affected through supply chains.

FSB Development Manager for Hampshire, Dorset and Isle of Wight, Nicola Bailey

Five-point plan needed to support small businesses through new COVID restrictions

The Federation of Small Businesses (FSB) has written to the Chancellor of the Exchequer, Rishi Sunak, calling for a five-point support plan for small firms impacted by the latest wave of COVID-19 restrictions.

Salisbury firm secures six-figure CBILS loan to support the business through COVID-19

NAS Corporation, a specialist aviation firm based in Salisbury, has secured a six-figure CBILS loan from Santander UK to help the business through the challenges presented by COVID-19. The company provides solutions and project management to the airline, air freight and cargo industries, often to extreme destinations. Due to significant travel disruption caused by COVID-19, one of NAS Corporation's largest contracts - transporting an annual expedition party to the North Pole and operations into Antarctica- had to be cancelled.

BV Dairy announces new £2 million expansion of Dorset factory

Family owned Shaftesbury-based dairy manufacturer BV Dairy has announced the approval of £750,000 in funding from the Rural Development Programme for England (RDPE), which will secure plans to create a major new facility at the company's existing site.

Ian Girling - Dorset Chamber chief executive

Dorset Chamber reaction to furlough scheme extension

Ian Girling, chief executive of the Dorset Chamber, said: "The Chancellor's extension of the furlough scheme is welcome and gives some reassurance to those businesses facing a tough winter.

Directors Beware - The Suspension of Wrongful Trading

The suspension of Wrongful Trading has ended. What does this mean for directors if their business becomes insolvent? What should they do? In March this year, the Business Secretary, Alok Sharma suspended wrongful trading provisions so that directors could continue to trade through the Coronavirus pandemic, even if they were facing insolvency, without the concern that they would be investigated for wrongful trading. This suspension ended on 30 September 2020.

Azets Group to open new Bournemouth office

One of the UK's fastest-growing accountants and business advisory firms is opening a new office in Bournemouth to reflect the firm's expansion in the South.

Small businesses respond to latest Rishi Sunak measures: "Double of nothing is still nothing"

Judi Williams, founder of the Southampton-based executive coaching company, Great Beginnings: "For me, it is the same as before, namely it doesn't help me one bit. There has quite literally been nothing in the Chancellor's 'unprecedented levels of support' for small limited company directors who work from home, pay all their taxes, outgoings,

The Thorold Arms, a PCF grant beneficiary, celebrate their opening

Up to £10,000 grants available for rural community projects

Projects from across the UK which are working to create resilient rural communities are invited to apply for grant funding of up to £10,000 from The Prince's Countryside Fund. Supported by players of People's Postcode Lottery locally-focussed, legally-constituted not-for-profit organisations can apply for one year of grant funding from the Fund. Projects must be completed by 31st March 2022.

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