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

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Apprenticeships forecast to contribute £3.4BN to the economy by 2022

Apprenticeship completions over the next decade are forecast to contribute £3.4 billion a year to the economy through productivity gains by 2022. That’s according to a new report from the Centre for Economics and Business Research (Cebr) released today to mark the start of National Apprenticeship Week 2013.

The report, Productivity Matters: The impact of Apprenticeships on the UK economy, presents Cebr’s analysis of the contribution of Apprenticeships to the economy, examining current trends and future developments and exploring the productivity impact of Apprenticeships. Key...

FSB report suggests tentative signs of growing optimism among small businesses

Small firms' confidence has increased, but their investment intentions have fallen as the domestic economy and access to finance act as a barrier to growth, show the results from the quarter one 2013 ‘Voice of Small Business' Index from the Federation of Small Businesses (FSB). The report, which surveyed 2,686 people in the first quarter of 2013 showed a welcome increase in confidence, moving from a negative reading of -5.6 in Q4 2012 to +6.3 in the first quarter of 2013. However, this optimism was tempered with caution as fewer businesses expect to grow this year – down from 56 per cent...

What are We Doing About Exeter’s Triple Crown Status?

It was exciting to hear that the great and the good ventured up to London recently to see the launch of Exeter’s Triple Crown status on Bill Boards and in Underground Stations, maximising Exeter’s profile to London businesses who may be contemplating doing business with the region or relocating to this beautiful area of ours. BUT, what about the businesses based in Exeter that would also like to shout about Exeter’s buoyant, trend bucking successes; something all of us based in Exeter are part of?

A little while back we raised the idea of a Triple Crown logo to be developed for...

Thomas Cook announces 2,500 jobs to go in effort to revive profitability

As part of its ongoing Business Transformation, Thomas Cook Group plc has announced that it has began a consultation process to restructure its UK business, which would see the Group's UK workforce reduced by 2,500 full-time roles. Job losses would mostly be from back-office functions and its retail network, including some store closures. However it has not yet been revealed which stores are to close.

The Group currently employs 15,500 across the UK & Ireland. The cost benefit of these changes, and the costs of achieving them, have already been included in the cost-out numbers...

Chartered Institute of PR appoint regional co-ordinator for Devon

The West of England committee for the Chartered Institute of Public Relations (CIPR) has appointed Olivia Jones of Exeter-based PR agency KOR Communications as regional co-ordinator for Devon, at the AGM held in Bristol.

The role has been newly created this year to provide a series of locally run training and networking events as well as to support mentoring opportunities for PR professionals and students in Devon.

Olivia said: “Having been a member for a number of years and carrying out my post graduate studies with the CIPR I am passionate about ensuring the PR industry...

New free monthly networking group in South Devon

‘Business Biscotti’, an informal gathering with no restrictions, is free to join online and free to attend the meetings.

Jacqui Shaw, owner of Coralline Health and Steve Bulman of WBW Solicitors, are launching the new group to bring professionals from Newton About and the surrounding areas together to meet, to talk and network to build business relationships.

The philosophy of Business Biscotti is to network within neighbourhood communities, and to make a commitment to help other members, by offering advice, sharing tips and building strong meaningful business relationships...

More than 300 jobs axed in attempt to save Axminster Carpets

Axminster Carpet Ltd, one of the world’s largest manufacturers of Axminster, Wilton and Tufted carpet has today announced that it has been forced to enter Administration as the carpet sector continues to suffer.

The Board of the Company has taken the decision to place the Company into Administration following a sharp increase in raw material prices, the closure of a loss-making subsidiary and a slight downturn in sales as a result of the continuing economic difficulties facing the UK.

Benjamin Wiles, Geoffrey Bouchier and David Whitehouse, all of Duff & Phelps were...

Family Law Team expands at Exeter Solicitors

Exeter law firm Crosse + Crosse Solicitors is pleased to announce the recent appointment of Katherine Wright to their Family team.

Katherine joins Crosse + Crosse following three years working with a firm in East Devon, having qualified as a solicitor in August 2009. She completed her legal studies at Cardiff University with a distinction in her post-graduate legal practice course after graduating with a Bachelor’s degree in Law and French.

Katherine practises in all areas of Family Law and specialises in divorce, relationship breakdown and the resolution of the related...

Hopeful signs for civil contractors in the South and South West

Civil engineering contractors detect signs of a modest turnaround in their fortunes in the fourth quarter of 2012.

After two consecutive quarters of clear decline, members of the Civil Engineering Contractors Association (CECA) are now equally split between those whose workload is declining and those for whom it is increasing.

Less good news is that members’ order books show a second consecutive decline for the quarter. There were 5% more firms reporting declining orders than increasing orders.

CECA Southern Executive Director Alan Taylor said: “This survey shows a...

Exeter jobs saved as Republic fashion chain bought by Sports Direct

The Republic fashion chain has been purchased by Sports Direct for an undisclosed sum, saving 38 jobs in the Exeter branch and over 2,100 jobs across the UK.

The announcement comes two weeks after Republic went into administration following a weak January sales period.

Sports Direct has bought 116 Republic stores, the brand name, its head office in Leeds and all Republic's stock. The business began as a men's denim retailer in 1986 under the Best Jeans brand in Leeds. It currently offers casual fashion, under multiple brands to young adults, including Jack Jones and SoulCal...

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