Streets Chartered Accountants covers its Charity Golf Day, farmland inheritance tax reliefs, NICs and more in new news roundup

Tess Egginton
-
0
Streets Chartered Accountants covers its Charity Golf Day, farmland inheritance tax reliefs, NICs and more in new news roundup

Streets Chartered Accountants covers the success of its Charity Golf Day, inheritance tax reliefs applicable to farmland, National Insurance Contributions, and more in its new news roundup.

Golf Day Secures Hole in One for Air Ambulance

Streets was delighted to host its tenth annual Charity Golf Day on Friday 7th July, raising a record amount of more than £8,000 for the Air Ambulance. The total amount fundraised will be divided between three regional charities; East Anglian Air Ambulance, Lincolnshire and Nottinghamshire Air Ambulance and Yorkshire Air Ambulance. The winning team on the day was Varley Orthopaedics with Civil Recovery Solutions coming in second and The One Group in third place. The winners of the Longest Drive and Nearest the Pin competitions were Adam Aisthorpe and Paul Ward respectively… Agricultural Schemes and IHT ReliefsThere are two main reliefs for inheritance tax that can apply to farmland. These are Agricultural Property Relief (APR) and Business Property Relief (BPR). APR applies to the agricultural value of the land and applies where it is occupied for the purpose of agriculture. The length of ownership and occupation required depends on who occupies the land; if it is occupied by the owner or a company they have a controlling holding in then the period is 2 years, if occupied by another, e.g. a tenant, then the period is 7 years… Retrospective Voluntary National Insurance ContributionsThe UK government has announced a further extension to the deadline for making retrospective voluntary NICs covering the period from April 2006 onwards. If there have been gaps in your National Insurance Contributions, there is a possibility that you may not meet the qualifying year requirement to receive the full state pension (dependent on the size of the gap and how close you are to state pension age). Retrospective contributions can fill these gaps and ensure the full state pension is received… Could you and your business get greater value from your Year-End? Not to be confused with the tax year-end which is 5th April each year, the year-end date for your business is specific to you. The largest proportions of businesses tend to opt for either a 31st December or 31st March year-end. Typically, most businesses, when it comes to their year-end will focus primarily on finance and financial reporting, with Directors, owners and shareholders keen to know the financial outcome… Streets Summer Newsletter 2023It is looking as if the only respite we will get from ongoing economic challenges this year is warmer weather. Hopefully, readers of Streets’ newsletter will find something of interest that will help ease the burdens of rising fuel, food and other energy prices and provide business readers with ideas to meet their current challenges. As always, if you would like more information regarding any of the issues Streets has flagged in this summer edition, please pick up the phone… SmartMoney – July/August 2023SmartMoney is the bi-monthly magazine from Streets Financial Consulting plc, Streets Chartered Accountants’ independent financial planning arm, full of news and helpful information on personal financial planning…

4 ways to create a better workspace

Tess Egginton
-
0
4 ways to create a better workspace
The environment your staff work in has a big impact on their mood and productivity. Lincolnshire-based commercial design and fit out company APSS looks at four ways to make the office as appealing as possible. Here are some ideas to consider when it comes to your office design:

Keep things simple

Technology means we now carry our work with us wherever we go, via laptops, tablets and mobile phones. With so many distractions already lowering productivity, companies don’t want to add to this. Keeping it simple is a good way to reduce distraction. Take time to declutter the office, a clean environment helps promote productivity. Make sure you have enough storage solutions for everything. Nice views, daylight and simple written graphics or sculptures are great. They aid creativity and lift the general mood. However, big TV screens, busy artwork or loud colours often go the other way.

Flexible noise

Different people work better with different noise levels. Consider what’s right for your office and your staff. Is it appropriate to play music? Do people have the need for headphones or do people need silence at certain points of their working day? Consider the neurodiversity of your employees. Neurodiversity is a topic that has seen more attention lately and with good reason. If people have certain triggers within an environment, every step needs to be taken to address this from an employer’s perspective. Creating a certain mood within a working space is integral to motivating employees. For business owners, it can increase employee productivity. Glass walls or partitions can be a great addition to an office space. Installing them creates a natural divide to give people privacy and quiet. However, they still give the feel of an open space.

Modern ways to work

Staff want comfort in their workplace now, having spent so many months at home during the pandemic changed the way people saw the workplace. Many businesses are moving away from the traditional work surface of desk and chair. The aim is to create a more relaxed environment to aid creativity and teamwork. Sofas and lounge furniture are great for rest breaks, relaxation or brainstorm areas. However, they might not necessarily be good for long hours of work. They can have comfort and health implications if used for too long. Biophilic design is also important, the process of bringing the outdoors inside has had a proven calming effect on employees. It can be as simple as providing more natural light, investing in diverse plant life or creating outdoor spaces that opens up existing office space. The days of harsh strip lighting and dull surroundings are set to be a thing of the past. Standing up at work is becoming increasingly popular as the nation becomes more health-conscious. Therefore it’s always good to give people various options.

A question of light

Maximising natural light in the workplace is known to boost morale and in turn productivity. When it is not possible to have windows close to the workspace, there are other ways to make best use of what is available. LED lights are proving to be very popular in modern offices as they have many health benefits. Lamps can also be fun and functional in an office space where certain areas need more lighting than others. Try to keep wall colours light and fresh. This will make the overall space seem lighter, airier and larger than darks or vibrant bright colours. For office design inspiration, APSS has more than 25 years’ experience providing exceptional workspaces across the East Midlands.

Brabners’ dealmakers support nearly £500m of transactions

Tess Egginton
-
0
Brabners’ dealmakers support nearly £500m of transactions
The corporate team at independent law firm Brabners advised on more than £475 million-worth of deals in the first half of 2023, as it continued to support the UK and international M&A market. Having supported 85 deals this year, with an average value of more than £5.5 million, Brabners is on track to surpass the 127 transactions it advised on in 2022 and exceed its pre-pandemic performance for the third year in a row. The firm’s 50-strong corporate team in the North of England has supported a broad range of significant transactions in recent months, including Manchester Airport Group’s acquisition of ParkVia, which provided an exit for investor Mercia. A number of deals involved the transition to employee ownership, including for renowned Manchester architectural practice Jon Matthews Architects. Brabners’ specialist team continues to be highly active in Management Buyouts across the region, as well as supporting on buy and build strategies for long-standing clients like Swedish group Atlas Copco, as it acquired Northampton-based distributor Maziak Compressor Services. Transactions involving private equity also continued to be supported by the firm, including Omni Partners’ investment in Warrington-based Aesthetic Technology Ltd (ATL) and the £24m YFM Equity Partners-backed buyout of Warrington-based Resulting IT. Over a quarter of the total deals for H1 came from the firm’s growing Leeds office, which recently marked a year since its launch. The Leeds team was instrumental in the sale of The Pharmacy Group to Leeds-based HubRx, which was one of the largest deals in the retail pharmacy sector nationally in the past 12 months, covering 34 community pharmacies and more than 300 employees. Healthcare continued to be a key theme in Brabners H1 deal activity, after further investment in its specialist team resulted in a strong flow of transactions concerning pharmacies and dental businesses. Brabners’ corporate team continues to support sustained revenue growth across the firm, which has invested significantly in its presence across Manchester, Liverpool, Lancashire and Leeds in the past 12 months. Marcus Armstrong, partner and practice group head (Leeds), said: “The demand we continue to see demonstrates the resilience of businesses across the UK, from new clients to those we’ve been with since the beginning of their growth journeys. “The findings from our recent Northern Investment Index report suggest that there will be significant appetite from both domestic and international investors for the remainder of the year, particularly in the regions. “That investor appetite is likely to play a key role in further market consolidation, as we continue to see polarisation in the performance of businesses and the availability of funding from traditional lenders. As such, we can expect an active second half to 2023, with trade buyers – often private-equity backed – seeking opportunities to build out their offer with the acquisition of complementary organisations.” Brabners’ inaugural Northern Investment Index report for 2023 surveyed more than 400 UK and US-based investors and found that Manchester was the number one city for investment in 2023, ahead of London. Cardiff was third, while Liverpool and Leeds ranked joint sixth overall.

New Northern head of rating for CBRE

Tess Egginton
-
0
New Northern head of rating for CBRE

CBRE has formed a new leadership structure for its rating service across the North following the decision by David Cownie to step back from leading the Northern team after 25 years.

Leeds-based Nick Marsden takes up the role as head of rating North and Mark Hayes has been named as head of the Manchester rating team. Cownie’s new remit will be focused on specific mandates for CBRE.   Marsden has spent more than 15 years in rating, working on behalf of occupiers, landlords and investors throughout the North to manage and mitigate their business rates. Nick has a proven track record in the sector including rating advice across large, complex national property portfolios and office developments, as well as extensive investor relations expertise.  He said: “Having worked at CBRE for 13 years, I am proud to be part of the incredibly talented team across the North. I look forward to providing our client base with first class rates advice and growing the team further.” “The 2023 Rates Revaluation has seen all business’s rateable values and rates costs change, with many facing significant increases. Furthermore, with changes to the appeal system and other reforms coming in 2026, the system has become increasingly complex to navigate. We are well placed to steer clients through these changes to help them to proactively mitigate their tax burden,” continued Marsden. Mark Hayes will lead the Manchester rating team, bringing an extensive track record built up over a 14 year career, having provided rating advice to some of the largest occupier and investor clients in the UK. Hayes has significant experience presenting cases at the Valuation Tribunal and has also represented several high profile clients at the Upper Tribunal (Lands Chamber). Hayes said: “It will be an honour to lead the team in Manchester, who are a talented group of individuals and among the best in our industry. My focus going forward will be to ensure that our clients receive the best possible service at a time when the Business Rates system is seeing huge change.” John Ogden, MD, CBRE North, said: “We would like to thank David for his dedication to the business and leadership of an exceptionally high performing rating team in Manchester and more latterly the Northern region over his considerable tenure with CBRE. “We congratulate Nick on his promotion to head of rating North and to Mark as head of the Manchester team. With David’s continued support, Nick and Mark will progress the plan for growth of the rating business throughout the next era and we look forward to celebrating the continued success of the service line under the new leadership structure.”

Wellington Place move sees global real estate adviser further commit to Yorkshire market

Tess Egginton
-
0
Wellington Place move sees global real estate adviser further commit to Yorkshire market
Global real estate adviser JLL is moving to the 12 Wellington Place office development in Leeds. JLL is taking the first floor of the building, totalling 10,219 sq ft, and will relocate from elsewhere in the city next year. The firm, who act as joint letting agent on the Wellington Place scheme and employs more than 80 people in Leeds, said the move demonstrates its continued commitment to the city and wider Yorkshire market. The letting also aligns with its ongoing strategy to deliver flexible work options as well as sustainable, technologically advanced, inclusive and amenity-rich workplaces. Tom McWilliams, head of office at JLL in Leeds, said: “JLL is playing a major role in shaping and supporting evolving workplace strategies and we are delighted to be moving to a location that shares our ambitions in how office environments can foster partnership and innovation and develop positive cultures, wellbeing and positive social impact. “12 Wellington Place offers our colleagues a collaborative and vibrant space, with the opportunity to flex their working habits in line with our clients’ needs. We are really excited about our ongoing commitment to Leeds, Yorkshire and the north.” Paul Pavia, head of development at MEPC, the developer and asset manager behind Wellington Place, said: “JLL shares our market leading approach and commitment to sustainable development, community-focused office locations and using urban regeneration to support social value initiatives. We are delighted it has committed its ongoing future in Leeds with us. “JLL’s move follows on from our recent announcement of a 9,000 sq ft letting at 11 Wellington Place to law firm Hill Dickinson and previous lettings to Lloyds Banking Group and Arup. We look forward to announcing further new arrivals to 11 & 12 Wellington Place as we conclude those lettings. The Wellington Place estate continues to set new standards for sustainable development in the Yorkshire region and beyond.” Jeff Pearey, head of UK regional office agency at JLL, added: “From its list of leading occupiers to its first-class amenities and inclusive community, Wellington Place is undoubtedly one of the region’s premier developments. “As one of the UK’s most sustainable office buildings, our move to 12 Wellington Place aligns with our commitment to eliminate emissions from our workplaces by 2030 and to mainstream net zero carbon buildings in the industry.” JLL and Savills are the joint commercial letting agents on the scheme, with Lyons Thompson Letts (LTL) appointed to market its retail and leisure space.

Project aims to put Greater Lincolnshire ‘top of the league’ in UK food production

Stuart Pearcey
-
0
Project aims to put Greater Lincolnshire ‘top of the league’ in UK food production

A VIP brunch event bringing together about 100 guests has explored the potential of food production in Lincolnshire with its UK Food Valley initiative – a project by the Greater Lincolnshire LEP to position the Greater Lincolnshire food sector as a Top 10 Global Food Cluster.

The event, staged by the Greater Lincolnshire LEP, Team Lincolnshire and Lincolnshire County Council, brought together a number of expert speakers who briefed guests on various aspects of food production in our area, from investment opportunities to sustainability. Speakers included LEP Food Board Chair Sarah Louise Fairburn, Mark Suthern from the UK Food Valley, Councillor Colin Davie from Lincolnshire County Council and the LEP Board, Mark Willcox from Branston Potatoes, Simon Dwyer from the Seafood Grimsby and Humber Alliance, and Carrie Davie from Bridge Farm in Spalding. Alison Hands, Chief Executive of the Lincolnshire Co-op, said: “I’ve really been impressed. I think the opportunities are fantastic and the scale of the operation is just amazing. “The UK Food Valley bringing that strategy, support, help and connectivity really creates a power, and when you work together that’s where there’s real benefit. Working in a co-operative that’s exactly what were about, so there are real synergies there for me.” Simon Dwyer from the Seafood Grimsby and Humber Alliance said: “The UK Food Valley has a strong message, and it resonates with people whether in the agricultural world or the seafood world. If everyone is together, teamed up and joined up, it will motivate people, businesses and investors to come into the area, which is really key. “Events like this one give us the opportunity to talk about the jewels in the crown that we have in the UK Food Valley and about the jobs and opportunities around decarbonisation and net zero. We just need to continually beat the drum!” Shona Hatton from Influence Landscape Planning And Design, who is working on the landscaping of the South Lincolnshire Food Enterprise Zone (FEZ), said: “It’s really exciting to see the extent of developments that are happening and to hear all the interesting things that people are saying in terms of employment in an area that we know very well and in a landscape that we love and really want to promote.” Carrie Davie from Bridge Farm in Spalding said: “The UK Food Valley is hugely important. It brings so many jobs and so much innovation, and it highlights Lincolnshire across the UK. “You only have to look around the room to see the number of people here today. When collectively industries work together it adds value, and I think the UKFV will go from strength to strength.” It supports growth and encourages inward investment by promoting the scale, diversity and importance of the food sector to the area, and by supporting existing food sector companies and new investors.

Employers encouraged to take up Occupational Health offers

Stuart Pearcey
-
0
Employers encouraged to take up Occupational Health offers
Employers are being encouraged to take up Occupational Health offers to help employees access vital mental and physical health support at work, particularly for those working in SMEs. The move comes in a joint consultation published today by the Department for Work and Pensions and Department of Health and Social Care on ways to increase uptake of Occupational Health provision. These proposals include introducing a national “health at work” standard for all employers to provide a baseline for quality Occupational Health provision, which includes guidance, an option to pursue accreditation, and additional government support services – for example outreach workers to support SMEs to meet the standards. It also seeks views on developing longer-term workforce capacity to help meet any increased demand for Occupational Health services in the future by:
  • Encouraging NHS leavers or those who are considering a career change to pivot towards the Occupational Health specialism
  • Developing a longer-term, multi-disciplinary workforce to provide Occupational Health services
The consultation will also ask employers to share their examples of good Occupational Health provision to help inform other businesses and encourage them to provide the same. Secretary of State for Work and Pensions, Mel Stride MP, said: “This Government is investing billions in getting people back to work and growing the economy. We need employers to keep playing their part too. Healthy businesses need healthy workers – employers will benefit from higher retention rates, more productive workers, and fewer work days lost due to sickness. Improving health in the workplace is a vital piece of the puzzle in our drive to increase employment.” Minister for Disabled People, Health and Work, Tom Pursglove, said: “Long-term sickness is a huge contributor to economic inactivity, and while of course some people are unable to work, better accommodation of health problems in the workplace will open up a wider workforce to employers and support employees with a range of needs. “Many small and medium-sized business owners already invest significantly in the health and wellbeing of their workforce, but this will be a gamechanger in identifying and removing obstacles to people with health conditions starting, staying and succeeding in work.” To also help keep people in work, the government will today also publish a separate consultation looking at options to increase investment in Occupational Health services by UK wide employers through the tax system. This follows its announcement at the Spring Budget where it committed to consult on incentivising greater provision of Occupational Health through the tax system. The government wants to explore the case for providing additional tax relief to businesses on their Occupational Health costs. In particular, the consultation asks respondents for their experiences of providing Occupational Health, including what services they provide and any barriers they experience. It also asks for evidence on the effectiveness of existing tax incentives and asks respondents for their views on the merits of expanding the existing Benefit-in-Kind relief, and thoughts on any alternative tax incentives. Tax reliefs on Benefits-in-Kind are already available for certain occupational health services. This consultation will test if expanding these reliefs or introducing new ones could be an effective lever to achieve greater Occupational Health provision, as well as thoughts on any alternative tax incentives. The consultation will determine if expanding tax incentives is an appropriate measure to boost Occupational Health provision. This is all a key component of the measures in the 2023 Spring Budget to grow labour market participation, reduce economic inactivity and get more people into work. The Department is helping millions to return to work with inactivity falling by 360,000 since the peak of the pandemic. Long-term sickness is currently the main reason people of working-age give for being economically inactive, but just under half of workers have access to Occupational Health services. Over 90% of large employers offer Occupational Health support, compared to under a fifth of small ones.

Mechan wins major contract with Transport for Wales

Tess Egginton
-
0
Mechan wins major contract with Transport for Wales
Sheffield-based Mechan, experts in the design, manufacture and delivery of handling equipment for rail depots and workshops, has won a major contract with the public transport arm of the Welsh government. The business will be designing, building and installing a bespoke bogie drop at the Canton rail depot in Cardiff, on behalf of Transport for Wales (TfWRL). The custom-made unit enables bogies to be changed without decoupling trains, saving valuable maintenance time. It will be used to remove underframe equipment, including bogies, wheelsets, transformers and cooling units, from the diesel and tri-mode class 231/756 Stadler Flirt vehicles that are being introduced on South Wales Metro services. It will also accommodate all of TfWRL’s existing rolling stock. Sales director, Lindsey Mills, said: “We are really pleased our tender was acceptable and we are now seeing our design come alive during the manufacturing process. Installing a bogie drop in an operational depot environment is a mammoth undertaking and we will be working closely with TfWRL to ensure we deliver the project efficiently and with minimum disruption.” The Canton bogie drop will enable underfloor units to be changed at track level, whilst allowing traffic to move freely when it is not in use. It has a rollover capacity of 60 tonnes and incorporates mini jacks that act as car body supports, to accommodate Stadler’s articulated bogies. Daniel Harper, TfWRL infrastructure project manager, said: “We look forward to working with Mechan on the installation of this vital equipment, as we continue to upgrade our Canton depot. “We’re investing more than £800 million in new trains for the Wales and Borders network and the Stadler-built class 231s are a key part of the transformation of our fleet. This equipment will allow us to maintain our full fleet more efficiently, helping to keep trains in service for our customers.”

Bridge gets international recognition after work by specialist Hull company

Stuart Pearcey
-
0
Bridge gets international recognition after work by specialist Hull company
Union Chain Bridge linking England and Scotland over the River Tweed has been recognised for its historical engineering significance, months after Spencer Group finished its complete restoration.
Image: Friends of the Union Chain Bridge
Heritage bridge works specialist Spencer Group has refurbished and rebuilt the bridge, crossing the Tweed from Horncliffe in Northumberland to Fishwick in Berwickshire, has a single span of 449 feet, and was the longest wrought iron suspension bridge in the world when it opened in 1820. It is both a Grade I listed building in England and a Grade A listed building in Scotland, and is credited with being a catalyst for bridge innovation. It influenced the design of many other famous structures and remains the world’s oldest suspension bridge still carrying traffic. The bridge has now been named as an International Historic Civil Engineering Landmark. Engineers from across the world bestowed the honour on the bridge, which joins the likes of the Eiffel Tower, Sydney Harbour Bridge and Brooklyn Bridge. A delegation of leading engineers visited the bridge to unveil a special plaque on the Scottish side of the structure. The sponsors of the prestigious accolade are the Institution of Civil Engineers (UK), the American Society of Civil Engineers and the Japanese Society of Civil Engineers, together with the Patron of the Friends of the Union Chain Bridge community group, Professor Dr Roland Paxton. Joe DiMauro, Engineering Director for Spencer Bridge Engineering, said: “It has been an honour and a privilege to deliver the complete restoration of this historic bridge. Union Chain Bridge is an iconic, much-loved structure, further evidenced by this international recognition.”

Barnsley’s MakerLab boosts business for more than 40 firms

Stuart Pearcey
-
0
Barnsley’s MakerLab boosts business for more than 40 firms
More than 40 businesses have received technical support in the DMC MakerLab, in Barnsley’s County Way, to help grow their businesses with solutions, new products and business efficiencies through the Digital Innovation for Growth Project. With access to both technical expertise in the DMC MakerLab and academic research support through Sheffield Hallam University, businesses have been able to use digital technology to improve products and services, maximise efficiency and adopt new ways of working with no charge to the business. With 44 SMEs using the 12 hours of dedicated available technical support time in the DMC MakerLab, businesses such as Sheffield Tribology Services have prototyped ideas, changed ways of working, and eight brand new products have been launched by the time the project ended at the end of June. In total, over 100 businesses engaged with the programme through a variety of interventions, events and workshops. Ben White, Co-founder of Sheffield Tribology Services, said: “For our product, which detects friction on the railway lines to warn of potential damages, the support we’ve had has been essential – we’ve been able to take design risks, and in return, we have a better quality product. “The DMC and access to support through the programme has provided access to equipment such as laser cutters and 3D printers to prototype our new device and turn it into an innovative business, ready to reduce damage and improve safety on the railway.” Cllr Robert Frost, Spokesperson for Regeneration and Culture, said: “We’re sad to see the Digital Innovation for Growth project come to an end. It’s been a great collaboration between the MakerLab at the DMC and Sheffield Hallam University to the benefit of many businesses in our region. “Many businesses in Barnsley have fantastic ideas and being able to run a space which provides them the space, technical knowledge and most importantly equipment to support the ideas to allow them to grow really is a benefit to everybody in our borough.”
1...547548549...977Page 548 of 977