business

Family owned insulation manufacturer, SuperFOIL Insulation estimates that a no-deal Brexit could cost it £45,000 to £85,000+ per year.

SuperFOIL’s estimate is based on a report published by HM Treasury at the end of 2018 which calculated that a no-deal Brexit could make the UK’s economy 9.3 percent smaller over 15 years.

The analysis also shows that the impact for manufacturers in a no-deal scenario would be the equivalent to, on average, 9 to 17 percent of the value of EU trade compared to today’s arrangements.

Vehicle leasing can be an attractive option for businesses large and small. The latest statistics from the BVRLA show YoY growth, with nearly 300,000 cars and vans leased to UK companies at the end of 2017.

One of the main benefits of business leasing is flexible contracts, as well as tax incentives, making it a convenient and affordable option.

Here are the most important things to consider when deciding if vehicle leasing is the right option for your business.

Keeping in the black

If your business is just starting out or growing quickly, balancing the books will be one of your biggest priorities.

OFTEC has welcomed today’s (19 July 2018) announcement from the Department of Business, Energy and Industrial Strategy (BEIS) that oil boilers will not be excluded from the next phase of the Energy Company Obligation scheme (ECO3) as initially proposed.

The decision follows responses by OFTEC and other stakeholders to the ECO3 consultation that underlined that removing oil boilers from the scheme would unfairly discriminate against rural households and could lead to even higher levels of fuel poverty.

Following a new survey by the Federation of Small Businesses, which reveals that small firms are more pessimistic than positive about the future for the first time in four years, the Association of Plumbing and Heating Contractors (APHC) is reminding industry members of the many business advantages to be had from belonging to a trade organisation.  

The report, which involved surveying 1,035 small firms between July and August this year, revealed the second largest fall in confidence in the Index’s history and was also the first survey undertaken by the Federation of Small Businesses since the Brexit vote. The results mark the third quarter in a row that confidence amongst small businesses has fallen.

Steve Keeton, Marketing and Technologies Director at Vaillant, highlights the strategic thinking behind the company’s Green iQ mark – an industry-first label that distinguishes well-engineered, energy efficient products of outstanding quality, which are also sustainable and networked for the future.

In order to maximise business opportunities, today’s heating installers aim to consistently deliver customer satisfaction courtesy of reliable, flexible and high performing heating solutions.

As product technology advances and consumer habits change, installers can maintain customer loyalty by providing access to the very latest innovative heating solutions that reflect and support how people are living their lives today.

Small Business Minister Margot James and Philip King, Chief Executive of the Chartered Institute of Credit Management have confirmed new measures to support the Prompt Payment Code in a letter sent to the code’s signatories this week.

Over 1,800 firms have signed up to the Prompt Payment Code, agreeing to maximum payment terms of 60 days and a target payment time of within 30 days as part of their commitment to the fair and equal treatment of suppliers.

Under the code, companies whose payment terms stretch beyond 60 days must be able to demonstrate that exceptional circumstances apply and will be considered on a case-by-case basis.

John Savage, managing director of Flame Heating Spares, who founded the region’s fastest growing Heating and Plumbing merchant, has claimed a prestigious honour.

The up and coming North East entrepreneur was named the Institute of Directors (IoD) North East Young Director of the Year at the annual IoD Yorkshire & North East awards.

Mr Savage, 36, launched Flame Heating Spares with a single branch in Gateshead, in 2011 and the company now operates six branches across the North East and employees more than 20 people. He started his career as a warehousing apprentice for a national plumbing merchant before working his way up to become an area manager, prior to establishing Flame with his business partner and sales director, Gary Riseborough.