Author Archives: Peggy Nightingale

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Data Protection Registration

Many businesses do not realise that they have a legal obligation to register under the Data Protection Regulations with the Information Commissioner’s Office if they hold or process any personal information electronically.

Basically, this means that if you hold any addresses of customers or suppliers or personnel on your computers.

The ICO has been undertaking a campaign to contact virtually every company listed at Companies House who is not already registered with them to raise awareness and to try and get fees paid.

We have received hundreds of letters here at Martlet House for companies, many of which are dormant, or do not hold data, but if you receive such a letter, you do need to contact the ICO as soon as possible as they are now sending out reminders.

Also, if you do not hold personal information on computers, if you use CCTV for crime prevention reasons, that is also enough to require a data protection registration.

If you are found to be in breach of these regulations, the fines can be HUGE!

If you require any further information about the requirements, please do not hesitate to contact us.


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What is the outlook for SMEs? Practical Guidance for SMEs looking to Futureproof their business

12 months on and we are still feeling the effects of the pandemic and will for some time.

In March, immediately after the Chancellors latest budget, we asked SMEs across the UK to share their outlook for the next 12 months. The findings make for interesting reading – including:

  • 46% of businesses with less than £250k turnover are expecting reduced income over the next 12 months.
  • 67% of businesses with more than £5M turnover are projecting increased income.
  • Looking after existing clients, finding new clients and growth are the 3 biggest priorities for SMEs.

These findings, somewhat unsurprisingly, suggests that larger businesses are more insulated from the negative effects of the pandemic. Smaller firms, with less resources and less of a ‘safety net’, are feeling the effects more severely.

It is encouraging to see that 64% of businesses have reviewed their cashflow – a vital step to take at all times but even more so in these turbulent times.

A concern is the low number of businesses that are undertaking customer surveys. Keeping close to your customers has never been more important.

You can see a full copy of the tracker polls results together with our observations take in our SME Outlook Tracker Report by clicking on the link below.

We have also produced a handy one-sided leaflet to highlight some of the key steps that SMEs can take to futureproof their business. This is available to download below as well.

The landscape is ever changing. As ever, we are here to support you. If you would like to have a chat about the future and the steps you can take to futureproof your business as well as the practical steps you can take to support your business, please do get in touch.


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Congratulations

Congratulations to our Jarrad Gilbertson for passing his Final ACCA Paper, Advanced Audit, with 63%. Jarrad only has two more to pass before becoming fully qualified!


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Recovery Loan Scheme now launched

A new government-backed loan scheme launched last week (6 April) to provide additional finance to those businesses that need it. Please click on the link for more information.

https://www.gov.uk/government/news/recovery-loan-scheme-launches-today


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Three cheers!

At the Martlet Partnership, we are always very pleased to share the successes of our clients and staff.

We are therefore pleased to announce that our Dan White has passed his final Accounts Preparation Paper of Level III of AAT with a resounding 87%.

We are also very pleased to announce that our client, Monika Slowikowska, of Golden Houses Developments Limited, has been nominated as a Business Development finalist for a European Women in Construction Award.

The awards will be decided on 20th May 2021.

We wish Monika all the best!

https://wiceawards.com/2021-finalists.html#.YF4b3tynyUk

Finally, we are very proud to say that our client Joanne Bennett of JHB Law Limited was named Lawyer of the Week by The Times.

You can find the article below:

https://www.thetimes.co.uk/article/lawyer-of-the-week-joanne-bennett-who-acted-for-a-homeless-man-timon-ncube-in-the-high-court-5x3zh308f

Well done Joanne!


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What help is available to help you grow and develop your business?

On 3rd March Rishi Sunak introduced a number of new measures of support for SMEs as part of his budget. He also extended some of the existing schemes as well as announcing some new initiatives designed to support the survival, growth and development of businesses.

Some of the support is specifically targeted to help businesses to grow. Please check out our handy infographic below and do get in touch if you need any further help.


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What help is available to help you manage your cashflow?

On 3rd March Rishi Sunak introduced a number of new measures of support for SMEs as part of his budget. He also extended some of the existing schemes as well as announcing some new initiatives designed to support the survival, growth and development of businesses.

Some of the support can help businesses with their cashflow. Please check out our handy infographic below and do get in touch if you need any further help.


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SME Outlook Tracker – Your expectations for the next 12 months

SME Outlook Tracker – Your expectations for the next 12 months We are now a full year into the Covid-19 pandemic. This pandemic has impacted us all – personally and professionally – in so many ways. We will be feeling the effects for many years to come.

With the latest announcements from Rishi Sunak in terms of support and other measures for businesses and individuals, now is a good time to be asking SMEs how they are faring and to understand their outlook for the future.

I would like to invite you to participate in our short survey. The survey will only take 2 minutes of your time.

Please take a moment to participate:

https://survey.zohopublic.eu/zs/BKB8MS

#HereForSMEs


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Budget Summary

The Martlet Partnership is pleased to attach a summary of yesterday’s budget proposals. Please contact us if you require any further information as to how these changes might affect you.

The government will be making a further announcement on 23rd March to set out its tax strategy over the next 10 years.


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Furlough claims

It has come to our attention that a number of our clients who are potentially eligible to make a claim under the more flexible furlough arrangements, are not making their claims.

To put it in simple terms, if you as a business owner/company director were unable to work the full 150 working hours during the month of February, you should be eligible for a furlough claim providing that there is a lack of work due to Covid.

Claims have to be made promptly and the closing date is 14 March. We may have to set up arrangements with HMRC in order to make the claim.

Therefore, if you believe you may be eligible under these criteria, please contact us as soon as possible.


Contact Us

The Martlet Partnership LLP
Martlet House
E1 Yeoman Gate
Yeoman Way
Worthing
West Sussex
BN13 3QZ

Tel.: +44 (0) 1903 600555
Fax.: +44 (0) 1903 600828
E-mail: info@martletpartnership.com

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