Latest News within SMEs
Companies need to be on the alert: there will be no ‘grace period’ after the Bribery Act comes into force from Monday 4 July 2011.
Strict new rules will reform the antiquated UK laws and clamp down on the bribery of public officials and corporate executives. Chris Sellars, head of Business Legal Services says: "We are concerned that a lot of companies haven’t really cottoned on to the introduction of this new Act”
Employers and agency workers need to take heed: the Government has announced that the new Agency Workers Directive will come into force in the UK on 1 October 2011 without any changes.
The regulations give agency workers entitlement to the same basic employment and working conditions as if they had been recruited directly, if and when they complete a qualifying period of 12 weeks in the same job. The effect will be to provide equal treatment for temporary agency workers, compared with permanent workers, in terms of basic working and employment conditions (including pay, holidays, working time, rest periods and maternity leave) once they have worked for the qualifying period of 12 weeks.
Banner Jones received another accolade this month from the InterContinental Finance Magazine (ICFM).
Chris Sellars, Director and Head of Business Legal Services says ‘We are delighted to have received the HIGHLY COMMENDED – TOP TIER FIRM status in the TOP BUSINESS LEGAL SERVICES FIRM OF THE YEAR – UK category. The awards are voted for by their readership who said that Banner Jones is considered to have performed to exceptional levels during one of the most difficult economic periods ever experienced. I am very proud of my team and all the staff at Banner Jones who make winning these awards possible.’
The Banner Jones Business Legal Services team are continuing to develop their Family Business specialism by utilising their ICFIB (International Centre for Families in Business) accreditation. Their regional specialism in this area allows them to give tailored legal advice to family owned businesses whose requirements are very different and often more complex.
How long has your business been around? Will it be here in 10 years? What about 100 years? To learn some lessons about businesses surviving through difficult economic times take a look at your local family owned businesses, particularly those who have survived through 3 or more generations. To survive the transition through several decades requires not only a very long term view but also a desire to ensure that there is a sound business there for the generations to come.
If you are starting a business this year and looking to lease a commercial property perhaps a Green Lease might be worth some consideration. Commercial property landlords all over the UK are starting to think Green and those that have already put measures into place are well positioned for any future enforcement of environmental performance. It is thought this could happen to help the UK reduce its overall carbon footprint.
Congratulations to all of those companies featuring in the Top 100 this week, at a time of continued economic turmoil it is great to hear of so many success stories in our region. Most businesses however would probably agree that treading water by maintaining turnover is just as important as increasing turnover at the moment.