Accountants Prepare For Half Marathon
Accountants at Grant Thornton prepare for the Sheffield half marathon this weekend. The accountants are running the marathon for the charity Autism Plus, a disability Charity based in Sheffield. The charity was founded 25 years ago by a group of parents who all had children who were diagnosed with Autism. After their children all reached school leaving age they realised there was no service to support them through adulthood.
HS2 join Wosskow Brown and Hart Shaw in High Speed Train Seminar in Sheffield
Plans to locate a High Speed station at Meadowhall were discussed this weekend. The High Speed Train Project (HS2), Wosskow Brown Solicitors and Hart Shaw Chartered Accountants worked together to explain to local businesses the economic benefits of having a high speed rail network in the Sheffield City Region.
We are Hiring .......Are you looking for a New Role?
CRA Consulting is a leading niche financial and legal recruitment company recruiting across South Yorkshire. We have a “win win approach” to recruitment ensuring we generate the highest calibre of candidates for organisations we recruit for. We also focus on developing long term relationships with clients and candidates alike. Due to expansion we are looking to recruit individuals who are passionate about a career in recruitment. We are currently looking for ambitious individuals who want to become our managers and directors of the future. CRA Consulting is growing rapidly and looking to develop individuals who can join on our journey of expansion and growth in market share. It’s an exciting journey, are you ready to join us on the ride? Let’s explain more.
Lloyds cut over 1000 jobs
The Banking group Lloyds has announced they are to cut 1080 jobs, almost 100 of those jobs are in Yorkshire. These cuts are part of the 15,000 cuts proposed in 2011.
Hart Shaw Merge with Atkin Macredie & Co
Hart Shaw have recently announced they are merging with another Sheffield based firm of Chartered Accountants. The merge was announced on Monday 1st October and is to take place at the current offices at Hart Shaw on the Sheffield Business Park.
HSBC EMI Idex drops to 49.4
HSBC Emerging Markets Index (EMI) has fallen to its lowest level since the global financial crisis. This is the first time since the crisis in 2009 that the figure has dropped below 50 showing contraction. The EMI's weakest outcome for 4 years is due to a drop in manufacturing in Asia with goods production also falling in Brazil and Mexico.
Audit market competition plans unveiled
Major UK-listed companies must allow accountancy firms to bid for their audit work every five years, the Competition Commission has proposed.
Yorkshire Accountancy firms merge
UK Business lending falls
The bank of England’s trends in lending publication shows that lending to businesses fell by £4.8bn over the quarter, with lending down by £2.8bn in February alone, the squeeze effecting both small and medium-sized enterprises and large businesses.
Jet2 creates 200 new jobs
Yorkshire based airline Jet2 are set to create 200 jobs in Leeds according to the Yorkshire Post. The business is set to relocate into their new offices in The Mint block in Holbeck. The customer contact centre that is home to its finance, IT and human resource operations will be home to nearly 700 people.
New Finance Director at Doncaster Sheffield Airport
Peel Airports announce a new Finance Director appointed to Doncaster Sheffield Airport. Mike Cotterill from Rotherham has taken up the role as Finance Director five years after he left the department working as Financial Controller. Since 2008 Mike has worked at Maple Leaf Bakeries and EDF Energy before returning to Doncaster Sheffield Airport
Sheffield Forgemasters secure multi million pound deal
Sheffield Forgemasters is moving from strength to strength, recently this year signing a multi million pound deal with Russian steel works Severstal and becoming Russia’s leading steel rolls supplier. Ken Brooks, senior sales manager at Forgemasters, said: “This contract forms part of a three year development of business between Sheffield Forgemasters International Limited and Severstal which is worth £15.5m in total”. The new contract is evidence of Sheffield Forgemasters presence in the wider Russian steel market.
Yorkshire Accountancy firm merges with Barron & Barron
Barber Harrison & Platt Yorkshire’s independent firm of chartered accountants is expanding; merging with York based Barron & Barron which will create a company of 216 employees and a turnover of nearly 12 million. This is not the first expansion for BHP, this merger follows BHP successful merger in 2011 with Mitchells in Leeds and Harrogate.
Barclays open new Sheffield office
It was revealed yesterday Barclays are opening a new office in Sheffield; Barclays Wealth and Investment Management team will be based at St Paul’s Place on Norfolk Street. Martin Cuthbert, regional director for Barclays Wealth and Investment Management in Yorkshire said: “Sheffield is a fantastic place to do business.” Sheffield’s office is the sixth office to be opened in the last 18 months; the growing team will allow wealth advisers and private bankers to offer a full range of services to new and existing clients in South Yorkshire.
Clough & Company seize deal
Accountancy firm Clough & Company has been appointed by Halifax Rack and Screw (HRS) to oversee accounting activities, including corporate tax advice and annual audits. Halifax Rack and Screw (HRS) are two well known Yorkshire based manufacturing and engineering businesses and are both global leaders in their field. Clough & Company Managing Partner, Nigel Bullas said "Both are significant business wins for Clough & Company and we're delighted to be working with them to develop and achieve their financial objectives".
BHP merges with Barron and Barron
Accountancy firm Barber Harrison & Platt have announced a merger with York based Barron and Barron. The combined firm will have a turnover of around £12m with offices across Sheffield, Leeds, Harrogate and Chesterfield.
Bezier closes down Wakefield plant
In a statement, Bezier said that after a strategic review they plan to focus on its Global Brands business headquartered in London’s Soho. 395 jobs face axe after Beizer decided to close their Wakefield plant. The Leicester office will also close too.
Yorkshire Bank appoint Steve Tweedle
Yorkshire Bank has appointed Steve Tweedle to lead its South Yorkshire team. Steve started working for Yorkshire bank in 1983 and currently works in Sheffield as a Director of South Yorkshire International Trade Forum.
Cranswick win deal with Asda!
Hull based pork supplier Cranswick have won a deal to become Asda’s main fresh pork supplier. Cranswick are buying a new site in Hull and are expected to be in full production by the end of March.
Armstrong Watson expands into Yorkshire
On 1 January 2013 Robertshaw Myers merged with Armstrong Watson Chartered Accountants. The merge and expansion into the region now makes Armstrong Watson the largest Chartered accountants in Yorkshire.
Shorts Relocate Head Office
Shorts Chartered Accountants have relocated their head office to a new 8,000 sq foot office in Chesterfield. The firm which was founded 120 years ago provide private client services in North Derbyshire and South Yorkshire. The new head office is the base for 6 partners and 46 staff. Partner Andy Irvine said: “We’re extremely proud of our offices which mark the start of an exciting chapter.” The new office was celebrated with an official launch evening.
Sheffield Forgemasters secure North Sea contract
The first part of a multi million pound contract to supply crucial components for a North Sea oil platform has been completed. A 114 tonne clamp casting has which will be used to repair the under sea structure of the Siri platform, on the Danish continental shelf has been dispatched. The clamp casting is the crucial part of the sub structure. Sheffield Forgemasters will manufacture 35 flange and spacer castings as part of the second phase of the contract which will be dispatched early 2013.
KPMG UK profits drop
The Big Four Accountancy firm has revealed KPMG has recorded lower profits but higher annual revenue in the year to September 2012. UK profits have fallen by 13% to £349m and revenue has climbed to £1.774m from £1.707m which represents 4% growth. The slump in profits is partly due to the loss of 275 staff after a restructuring within the company.
Sheffield Forgemasters is going ahead to become the sole UK producer of heavy forgings and castings which can be used at the heart of nuclear reactors. David Street, Group Quality Director said “We are halfway through the process and will have the new ASME programme ready for external audit by March 2013.” Forgemasters are expecting to invest £140,000 to maintain their current accreditations and secure higher level NPT accreditation.
Profit grows at Pressure Technologies
Pressure Technologies the industrial machinery company based in Sheffield have posted pre taxed profits of 1.8m from 0.6m in 2011. For the year ending 29th September 2012 revenue had increased by almost 32% to a record £30.4m from 23.1m in 2011.
Yorkshire’s most celebrated technology entrepreneur
Lee Stafford the former chairman of Sheffield Wednesday football club has been named Yorkshire’s most prominent technology entrepreneur. Lee made his name in Sheffield as the founder of the internet provider PlusNet. The accolade was secured by Roaring Mouse a technology and PR consultancy in Sheffield.
Finance Yorkshire invest nearly £30million
Finance Yorkshire who offer loan funds to small and medium sized business have invested nearly £30million since August 2010 into businesses in Yorkshire and the North. Finance Yorkshires investment has created 5, 190 jobs and generated a private sector leverage of more than £56 million.
Insider 42 under 42
Partner Caroline Naylor is delighted to have been shortlisted for the Insider 42 under 42 awards. These prestigious awards identify Yorkshire's inspirational young entrpreneurs and business leaders. More information can be found at www.insidermedia.com/yorkshire. Watch this space for more information.
CRA recruits corporate finance executive for Streets
Streets Chartered Accountants, who rank 30th in the top 60 UK accountancy practices is delighted to announce that Natalie Fisher has been recruited to join their Corporate Finance team based in Sheffield.
Management graduate joins CRA Financial
Sheffield legal and financial recruitment specialist CRA Consulting is delighted to announce that management graduate Steven Cotton has joined its busy financial recruitment department.
CRA Sponsors South Yorkshire Dealmakers Dinner
CRA Financial partner, Caroline Naylor is delighted to announce that CRA will be one of the sponsors of the Insider South Yorkshire Dealmakers Dinner again this year. The dinner, at which the South Yorkshire Dealmakers Awards 2011 will be presented, will be held at Sheffield’s prestigious hotel, Mercure St Pauls on 23rd June and will be hosted by comedian Dominic Holland.
Impressing the impressive - interview skills
Very many congratulations to this year’s South Yorkshire Top 100 SMEs - and to their staff.
Adaptability key skill for accountants
It’s a challenging time for accountants on the job market currently. The CBI and PWC suggest that the financial industry is picking up slightly, but the indications seem to be that increased recruitment is in specialised areas such as compliance and risk management.
Project Merlin - banks pledge increase in business lending
The Government has announced an agreement with major banks - known as Project Merlin - to lend £190 bn to businesses this year.
Major bank fund to come to Yorkshire?
The Business Desk has reported that the £1.5 billion equity fund being planned by the major UK banks may open a regional operation in Yorkshire.
Steady increase for financial sector in 2010
The 85th CBI/Price Waterhouse Cooper Financial Services Survey – December 2010 indicates that, whilst levels of activity remain below normal, volume of business continued to recover in the last quarter of 2010 and is now picking up after a slow start in late 2009/early 2010.
While shepherds watched
While Shepherds Watched…
Women 6 times less likely to get top financial jobs
Research carried out recently by the Chartered Institute of Management Accountants (CIMA) has identified that, despite a third of its members being women, female finance professionals are six times less likely than men to make it to the top. A damning statistic – unfortunately supported by the fact that just over 12% of FTSE 100 board positions are held by women. So why, when the link has been proven between women in senior roles and strong financial performance and competitive advantage, do women still lag behind men in terms of seniority and salary.
Cutting Deals in South Yorkshire
Businesses still cutting deals in South Yorkshire
FINDING THE RIGHT TALENT FOR THE FINANCIAL WORLD
It’s a sign of the times that, whilst the latest figures show a slight reduction in unemployment, the figure itself remains high at around 2.47 million, and so the job market is still flooded with candidates. That may well be the case, but Caroline Naylor, partner at Sheffield’s specialist financial recruitment consultants CRA Financial, says that it still remains difficult to find skilled individuals for her clients, who are crying out for well qualified accountants with the right experience.
Fans preparing takeover bid for Sheffield Wednesday
A consortium of Sheffield Wednesday fans are preparing a £10m takeover bid for the Owls. Wednesday Forward, a group made up of local, London-based and foreign businessmen are thought to be planning to submit their bid within the next couple of days. Headed up by Rotherham businessman Spencer Fearn, Wednesday Forward has assured fans that they will be given the opportunity to buy into their club.
Bad news for Sheffield Forgemasters after recent government spending cuts
The government has dealt a massive blow to British manufacturing and defence companies by withdrawing £2bn of programmes, announced in the final days of the last administration, ahead of the next spending review.
‘Tossing the Caber’ For Royal Bank Of Scotland.
Part-nationalised Royal Bank of Scotland announces huge job losses for its staff, 14 of the 27 offices are being closed, after being forced by the European Commission to sell its insurance division by 2013.
Local Medical Business’ Financial Immunity.
TalarMade, founded in 1997 and based in Chesterfield, has partnered with Barclays Bank in hope of future expansion.
Sheffield Independents Weather the Financial Storm.
The current economic climate has frozen businesses profits globally. As larger corporations overshadow smaller struggling trades, many independent shops have been driven into bankruptcy, heralding the reign of the multi-national conglomerate.
Access Credit Management Expands Their Team
Access Credit Management, who specialise in the recovery of commercial debt, have extended their team of Credit Management specialists after the sad death of its managing director John Flaherty. Following Johns death, the Sheffield based company determined that if they were to continue to provide an excellent service to their clients, who range from individual traders to international corporations, their only option was to increase their workforce.
Sheffield Firms Triumph Despite the Recession
Whilst many companies throughout the UK have become victims of the recent economic crisis, two Sheffield firms are riding high throughout the recession. Sheffield based companies Mechan and Henry Boot, have both seen exceptional results throughout 2009, with Mechan seeing a record turnover performance.
Kier Wins another Award
Kier have been awarded a commendation for their work at the Angram Bank Childrens centre based at High Green in Sheffield. The environmentally friendly centre for young families beat off competition from around the UK, and contains energy saving heat pumps and insulated walls.
WANdisco to Settle in Sheffield
Digital software company WANdisco are planning to expand their Sheffield office, after securing funding of over half a million pounds. WANdisco, whose clients include BT, Dell and Honda produce software which allows people based in different countries to virtually work with each other on joint projects, as if they were physically together.
LA Fitness Give Full Marks to Alesha Dixon
Alesha Dixon has signed a four year deal with Doncaster based LA Fitness to become the face of the health club chain. The company’s chief executive Martin Long said that Alesha, singer and star of the BBC’s Strictly Come Dancing, is an excellent representative for the company and a great role model for their customers.
Grant Thorntons Tax Reform
Accountancy firm Grant Thornton have hosted a debate regarding the merits of the UK tax system, signifying the launch of the company’s personal ‘tax manifesto’. The meeting was chaired by the managing partner of Grant Thornton’s Sheffield office, Garry Meakin, and discussed topics ranging from VAT changes to tax evasion issues. Mr Meakin commented that changes need to be made to re-ascertain robust public finances.
Scrappage Scheme a Success for Pendragon
Pendragon, the Car Dealership, has announced that despite being in the midst of a recession, results for this year are actually expected to be ahead of original expectations. The company has explained the significant results as being the consequence of the governments’ car scrappage scheme and excellent cost control. Pendragon have also attributed the results to greater used car performance, with their own used car sales having increased by 2.9%.
Cranswick Ride High In the Recession
Hull based company Cranswick, who supply fresh Pork and premium sausages to the UK’s food retail sector, are thriving in the recession as sales continue to soar. The Company has found that increased demand from European discounters and grocery retailers has led to an increase in revenue of nearly 20%.
New Deal for Fusion IP
Fusion IP, who work with UK Universities to turn educational research into business opportunities, has announced that they are to sell a 19.8% stake in their business to the IP group. The Yorkshire based company has also reported that they are to cease partnership with Citigroup Capital Ventures, who are to subsequently to sell their 6.3% share in the company.
Sheffield Forgemasters Cut Down on the Cost of Energy
Sheffield Forgemasters has been making cost saving changes to two of their Brightside Lane furnaces. The modifications should result in increased efficiency, and lead to a fall in gas utilization of nearly ten percent.
Success in Sweden for Fretwell-Downing
Sheffield based Fretwell-Downing Hospitality has achieved great success in the UK with Saffron Nutrition, the company’s nutritional analysis software. Recent publicity surrounding the diets of young children, which has stemmed from the establishment of nutritional standards for school meals, has helped the company become a chief competitor in its market.
Creative Sheffield Work to Secure Sheffield’s Future
Creative Sheffield has joined forces with Sheffield City Council to review the possibilities for the city’s economic future. The group have been trying to ensure that the people of Sheffield have the best possible opportunities accessible to them in forthcoming years.
AES Triumph at Business Awards
The Yorkshire Post Businesses in Excellence awards have taken place this month. The awards ceremony which recognizes the best companies in the region was held at Queen’s hotel in Leeds, and hosted guest speeches from politician Ed Balls, and comedian Jon Culshaw.
Crawshaw Group Suffers the Price of a Rainy English Summer
Rotherham based butchers, the Crawshaw Group, has suffered the financial torment of yet another wet British Summer. Bad BBQ weather has impinged on sales and amplified the difficulties the company has faced as a result of the recession.
Billington Structures Wins New Government Contract
Billington Structures Limited, who have been constructing and delivering structural steelwork for over 60 years, have secured a new contract worth more than a million pounds. The contract will see the Barnsley based company providing steel frames for the local ‘Building Schools for the Future’ project, aimed at restoring local schools.
AES Seals Torpedo Trade
AES Seals in Rotherham have won a contract with BAE systems that will be delivered with military precision. They will be one of 18 companies involved in a major development program for the Royal Navy and Royal Air Force.
Horbury’s University Enterprise
The Horbury Group have capitalised on their resilient local links and strong relationships with main contractors in a deal worth around £2million. The Rotherham-based construction group will be involved in the completion of widespread regeneration work for the University of Sheffield and the University of Leeds.
Helping Hand from Gripple
Gripple are known for their multinational dealings. However their latest activities have seen them venture even further afield. Matthew's Farm, an agricultural training centre in Sudan, has been the grateful recipient of over £50,000 worth of equipment.
Brush with Success
Two of Sheffield’s most successful businesses have this week been celebrating award-winning performances.