Archives for posts with tag: Business

Time-pressed residents of Birmingham, Solihull, Cannock, Dudley, Coventry, Lichfield, Sandwell, South Staffs, Tamworth, Walsall and Wolverhampton who regularly scan their section of the Brummie site, appreciate the free service it gives, whatever their interests. Main news items covered, include a range of locally run websites, music and the arts, sport and business.

Links to them give those sites a wider readership than would otherwise have been possible. Until the final few months Mark was a helpful and courteous correspondent and this later lack of response was ascribed to pressure of other work, which involved travelling abroad. We now can see that there may have been health concerns claiming priority.

Three of many interests served: Our Birmingham, West Midlands Producers and Localise West Midlands thank him and hope that a way will be found to maintain the Brummie.

 

 

 

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Birmingham City Council is reviewing arrangements for local democracy in the city. Ten years ago the responsibility for some local services and budgets was devolved to district committees.

brum 4From 25 February until 30 March 2015, city residents will be asked what they think works and how they want to get involved in future – for example through neighbourhood forums and parish councils.

Four public meetings are being held  for those who want to join the discussion with local councillors, council officers and community groups. Meetings  from 6-8pm, at the dates & venues below. An overview can be read here.

Click on the links below to book a place at a specific meetings.

East Birmingham

16 March – South Yardley Library, Yardley Road B25 8LT

South Birmingham

17 March – Beeches Management Centre, 76 Selly Oak Road B30 1LS

Central/West Birmingham

19 March – Yenton Primary School, Chester Road B24 OED

We are encouraging local ward committees, neighbourhood forums and organisations in sectors such as higher education, media and public affairs and business, to organise their own debates on community governance and send us their feedback.

After the consultation results have been analysed, we will publish a draft response to the Sutton Coldfield community governance petition in the summer and let residents have a final say. We will continue to work with Birmingham residents to create a flexible community governance model that can develop according to changing needs.

Are any of Birmingham’s MPs addressing counterproductive insolvency law and private finance investment practices?

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Constructive roles played by firms like accountants Chantrey Vellacott and lawyers Pearson Knightley offer a lifeline to the businesses they administer and should become the norm rather than the exception.

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When high commercial rents and over-late payments lead to cash-flow problems for small businesses, administrators can declare them bankrupt, taking their payment from the firm’s assets first, with the banks following. There is often little or nothing left for all those unsecured creditors who have actually supplied the company with goods and services.

‘Insolvency practitioners’ can offer small & medium businesses a lifeline or deal them a death blow. The best will go to great lengths to ensure that the business continues to operate, either through a merger or under a new owner.

Nick Starling of General Insurance points out in the FT that timing is important: “A short pause in the process is unlikely to affect a business that otherwise has a good future with restructuring. Action needs to be before the event, not afterwards when it is all too often too late”.

‘Investment’ with a hidden agenda can precipitate business failure.The Campaign for Regulation of Asset Based Finance is preparing a submission to the Parliamentary Commission on Banking Standards , focussing on the “unacceptable behaviour” of some private investment firms which, it is alleged, effectively force ‘viable’ companies into administration.

In one instance, the Telegraph reports, David Williams, of insolvency advisers Pearson Knightley, was appointed by a small startup business, Crystal Print, which he described as a very successful little company, with £30,000 a month in invoices.

He was at the factory when the insolvency worker arrived and halted the process by locking the doors, saying that its problems had started when it started dealing with an invoice finance firm.

On a locally-based website this week is the news of how the constructive actions of administrator Chantrey Vellacott DFK brought about a successful merger.

 

At an Institute of Directors award ceremony held in the new Edgbaston Stadium, Kirsty Davies Chinnock, Managing Director of Professional Polishing Services, won the West Midlands Family Business Director of the Year Award. The judging panel were impressed by her passion for the future and conviction that UK manufacturing and SMEs as a whole are essential to growth within the UK. The judges termed her an ‘Ambassador for Manufacturing’ and Kirsty further stressed her support for this sector:

“I believe a pro-manufacturing strategy needs to be created in line with further encouragement of SME’s. SME’s have a unique perspective when it comes to being a successful business; well-managed, they are the life blood of the UK.”

In the headlines a few years ago when she sharply criticised Birmingham’s Chamber of Commerce for its promotion of out-sourcing – and resigned – she added:

“On a personal level I want to show that there are many managing directors working for the benefit of the company – and the employees –rather than themselves. We take our responsibility as an employer seriously and do everything we can to create sustainable employment.”

Kirsty will go forward to the National Competition in London in October 2012.