Business

Accrual Accounting: Why Your Business Might Need it More than You Think

For many business owners, especially those starting out, accounting is an afterthought. Revenue goes in, expenses go out, and the hope is that there’s something left at the end. But as companies grow, the need for accurate financial insight becomes not just helpful—it becomes essential. That’s where accrual accounting comes into play.

While cash-based accounting might work for freelancers or micro-businesses, accrual accounting offers a far more complete and forward-looking picture of your company’s financial health. In fact, many mid-sized and large enterprises are legally...

Liv Butler

Liv Butler

Posted:

Onecom acquires Devon-based IP Office Ltd in third transaction this year

Authored by News Desk
Posted: Wed, 10/06/2021 - 10:20pm

Onecom, the UK’s leading business communications technology and cloud communications specialist, has acquired IP Office Ltd in its third acquisition in 2021. The transaction brings IP Office’s Exeter-based team and in excess of 700 customers into the Onecom Group family.

The new partnership comes after Hampshire-based Onecom’s acquisition of Olive Communications earlier this year, which created the UK’s largest business-to-business mobile, connectivity and cloud specialist in the UK, in a deal that was closely followed by the addition of thousands of customers and hundreds of...

Why business owners should consider the possibility of selling their business

Authored by David Banks
Posted: Wed, 10/06/2021 - 9:44pm

Never sell a business on the spur of the moment. Don't deny the possibility of selling it either.

If you're considering selling your business, think carefully. You'll need to decide on heaps of factors: the best time to sell, to whom you should sell the company, and for how much.

However, there are several reasons why a business exit is a worthwhile consideration for firm owners. According to the coaches at SGFE , below are good reasons why you should be open to this change.

New opportunities

Every day, new doors open, especially for individuals with vast...

Success for Foot Anstey's fraud team in £70 million classic car conspiracy claim

The Fraud team at national law firm, Foot Anstey LLP has obtained judgment in favour of one of its clients on its application to strike out of a £70 million fraud claim.

The claimant, Maranello Rosso Limited, was a Guernsey special purpose vehicle which had been set up to acquire a collection of classic cars - comprising 33 Ferraris and 38 Abarths - from the owners of the Violati Maranello Rosso Museum in San Marino.

Maranello Rosso Limited had purchased the collection in 2014 (using loan monies provided by the Dutch company Lohomij) and had subsequently entered into an...

Richter engineer honoured at ICE South West Awards

A talented design engineer at Richter has been recognised by the Institution of Civil Engineers (ICE) at a prestigious regional civil engineering event.

The winners of the ICE South West Civil Engineering Awards 2021 in association with Kier BAM were announced by Rob Bell, TV presenter and engineer, on Thursday 30 September at a gala ceremony in the Bristol Marriott Royal Hotel.

Sally Ameen, who is based at Richter in Exeter, was presented with a Highly Commended award in the Graduate of the Year category, sponsored by WSP.

CAPTION: Sally Ameen, Graduate of the...

Non-profit online radio station on a mission to amplify voices and talents across Devon

A non-profit online radio station called Devonstream provides a platform for a diverse range of new and established voices across the county of Devon. It's on a mission to amplify these voices, and give them the exposure they deserve.

Many artists and organisations have taken the opportunity to find new ways to connect with audiences through the Covid-19 pandemic, with audio exploding in popularity. Devonstream was conceived as a place where the county’s burgeoning pockets of audio activity could come together and build their audiences together.

Since its launch in...

Western Power Distribution is taking part in National Inclusion Week 2021

Authored by News Desk
Posted: Fri, 10/01/2021 - 10:51pm

National Inclusion Week, running from September 27th-October 3rd 2021, was created by Inclusive Employers who organise the campaign each year. The week aims to raise awareness of inclusion in the workplace.

Now in its ninth year, the 2021 theme for National Inclusion Week is United For Inclusion. It is about bringing people and organisations together to share learning and best practice so we can work together to reach our shared goal of making inclusion an everyday reality.

Last year over 2,000 organisations took part and the combined activities connected with over 16...

How you can avoid unnecessary downtime in your business

Authored by Val Watson
Posted: Thu, 09/30/2021 - 10:48pm

When it comes to running a business and meeting customer deadlines, the last thing you want is any downtime. When production stops, your workforce can get frustrated, and your customers will definitely be disappointed. To avoid this happening as much as possible, here are some things you can do to stop unnecessary downtime in the workplace.

#1 Maintaining your equipment

Routine equipment maintenance might sound like a chore, but it is one of the many things keeping your business ticking over safely. Not only is it crucial for making sure that none of your machinery malfunctions...

Tilney Smith & Williamson bolsters Exeter office with Investment Manager hire

Tilney Smith & Williamson, the leading wealth management and professional services group, has appointed Will Matthewman as an Investment Manager based in its Exeter office as part of the firm’s continued expansion.

Will has come to Tilney Smith & Williamson from Charles Stanley which he joined in 2014 after graduating from Exeter University. During his time at Charles Stanley he progressed from a Trainee Investment Adviser to a Chartered Wealth Manager. The majority of his work revolves around servicing private client, trust and charity relationships as well as business...

Foot Anstey's Corporate team advises Air IT on another two acquisitions

The corporate team at national law firm, Foot Anstey LLP has advised on two major deals for Air IT, the award-winning managed service provider backed by August Equity.

Alongside August Equity and Grant Thornton, Foot Anstey supported on all legal aspects of the deals, assisting Air IT on the acquisitions of Reading-based MFG UK and Uttoxeter-based Infinity IT Solutions.

MFG UK is a managed IT, cyber security and communications specialist supporting team in the Thames Valley region, while managed IT specialist Infinity IT Solutions provides clients with IT support and...

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