Finance

PKF interns receive promotions

Bondholder PKF Cooper Parry's first-ever internship programme has resulted in all eight interns being offered full-time roles at the firm.

The internship programme, launched 12 months ago, allows young people to gain experience in various key areas of the business from audit and corporate finance to IT and marketing. Interns are given an excellent environment to grow, both personally and professionally and can take advantage of personal development training, business projects and national and international networking opportunities.

The award-winning audit team is welcoming Laura McBride, following a four-month internship, along with Lorna Marshall and Lilla Twarowska. Tom Blanchard will be working within the wealth team, Lorna Collyer in business tax, Jack Purkis in personal tax, and Antony Cockerill in IT solutions.

Chloe Ordish will be taking up a 12-month role within the firm's marketing team, whilst Scarlett Rabusin and Benjamin Millar have both been appointed to the internal finance team.

Ade Cheatham, CEO of PKF Cooper Parry, said: "We're incredibly excited about this group of interns. They've demonstrated a real passion for their work and a willingness to learn about what it takes to succeed in their chosen field and we're really pleased to have them as a part of our team."

This year's PKF Cooper Parry internship programme has now been launched, applications can be made at www.pkfcooperparry.com/careers/internships

Second director promotion this year at HSKS

Martin Gadsby, HSKS Greenhalgh's newest director

Following news from Bondholder HSKS Greenhalgh earlier this year on the promotion of Martin Tomes, the firm has now made its second director appointment of the year.

[I] am looking forward to contributing towards the future growth and development of the business in the years ahead
— Martin Gadsby, HSKS Greenhalgh

Martin Gadsby, who has been with the firm for almost ten years, became a manager in 2008 and has played a key role in the successful development of the firm's specialist agricultural sector group, based in Uttoxeter. Martin will remain part of HSKS Greenhalgh's agricultural team, as well as heading up the firm's Academy Schools specialist sector group. He will also be spending more time at the firm's Pride Park-based Derby office.

Martin commented: "I am extremely pleased and proud to be made a director of HSKS Greenhalgh and, having spent the majority of my career at the firm, am looking forward to contributing towards the future growth and development of the business in the years ahead."

 

Lottery winner picks Rhodes

Bondholder Rhodes Wealth Management has been chosen by a £2.6 million lottery winner to manage his newfound wealth.

Matt Evans, who is a postman, had already been friends with the director of Rhodes Wealth Management, Adam Rhodes, for over a decade so the choice was a natural one.

Matt said: "I met Adam and we completed some cash flow modeling to give examples of what could happen to my money based on a number of scenarios. This has helped me understand how my fortune will grow, what I can spend now and how to invest wisely to ensure I have a regular income."

Adam Rhodes commented: "To suddenly come into such a fortune can be quite a shock. Whilst it might solve many initial problems, instant wealth can make life more complex and lottery winners particularly can be prone to making poor decisions and being overly generous."

Before his lottery win, Matt lived with his mum and dad and their seven dogs. He still lives in the same town but now owns his own substantial property and a new BMW M6.

PwC's standout year

Bondholder PwC has hailed a 'standout year' after advising on transactions worth more than £7bn.

Advising on high profile deals including the sale of Centre Parcs and the preservation of 1,100 jobs at steel giant Caparo which went into administration in October.

Matt Waddell, Partner and Head of PwC's deals business in the Midlands, said: "We have seen a significant increase in activity levels and are delighted to have advised both long-established and new clients on so many successful transactions over the last 12 months."

He continued: "As we look forward into 2016, we expect this upturn in deals activity to continue and, with our continued investment in our Midlands deals business, we look forward to another successful year."

HSKS promotes new director

New director at HSKS Greenhalgh, Martin Tomes

Bondholder HSKS Greenhalgh Chartered Accountants and Business Advisors has announced the promotion of Martin Tomes to Director.

With now three tax directors and a growing taxation services team, this demonstrates the firm’s increasing commitment in providing commercial tax solutions for our clients
— Michael Henshaw, Taxation Services Director at HSKS Greenhalgh

Since joining HSKS Greenhalgh as Taxation Services Manager almost tens years ago, Martin has worked on both tax compliance and advisory projects, as well as with HSKS Greenhalgh Corporate Finance, providing tax advice on a wide variety of transactions.

Martin joins the firm's existing team of six directors based across the firms offices in the region. In his new role, Martin will be specifically responsible for tax consultancy services and will also head up the firm's specialist Property Development & Investment sector group.

Michael Henshaw, Taxation Services Director at HSKS Greenhalgh, said: "This appointment is much deserved and is in recognition of the services Martin is providing, drawing upon his specialist tax knowledge and commercial experience. With now three tax directors and a growing taxation services team, this demonstrates the firm's increasing commitment in providing commercial tax solutions for our clients."

PKF Cooper Parry to create 100 new jobs

CEO of PKF Cooper Parry, Ade Cheatham

Bondholder PKF Cooper Parry is once again hitting the headlines in 2016 with an announcement of 100 new jobs across the Midlands which are to be created after the completion of its merger with Clement Keys earlier this month.

At PKF Cooper Parry we work around an ethos of making sure each and every staff member feels fulfilled
— Ade Cheatham, CEO of PKF Cooper Parry

The firm has also achieved Best Companies 3-Star Accreditation and has been named as one of The Sunday Times 100 Best Small Companies to Work for 2016.

CEO of PKF Cooper Parry, Ade Cheatham, said: "We are thrilled to have been singled out by Best Companies and The Sunday Times for our outstanding employee benefits and office atmosphere."

He continues: "At PKF Cooper Parry we work around an ethos of making sure each and every staff member feels fulfilled, inspired and motivated at all times - which has shone through in these accreditations."

PKF Cooper Parry is now the largest independent firm of chartered accountants in the region following its merger with Clement Keys. The workforce is now 350-strong and has a £30 million turnover.

Franklands in Top 100

Based on the Wyvern Business Park Bondholder Franklands retained its position on the Insurance Age Top 100 list of Independent Brokers, which recognises the most progressive independent brokers across the UK.

Maintaining our position alongside the market leaders requires talented people, energy and innovation
— Paul Brown, Director at Franklands

The report celebrates excellence within the UK broking market and is recognised as the benchmark of status within the profession. Franklands is also the only Derby-based Chartered Insurance Broker listed in the report.

Franklands' performance is based upon highly-qualified staff, the quality of advice and recognising the needs of clients rewarded by the support of local businesses.

Paul Brown, Director at Franklands said: "Maintaining our position alongside the market leaders requires talented people, energy and innovation. The growth of the American-owned insurance broker in the UK market is a challenge that we will meet by delivering the same high standard of sound technical advice, expert claims handling and attentive personal service to provide for the insurance and risk management needs of local businesses."

The Detached Firms Who Are Really Testing Our Patience

Retail behemoth Tesco got into a bit of hot water this week when it was revealed that it was attaching security tags to its 10p plastic shopping bags.

The action, apparently the initiative of an overenthusiastic store manager in London, was a consequence of the government's introduction of bag charges in England mixed with fear of bags being stolen by upset customers.

Tesco knows a thing or two about losing money - the company lost a record £6.4 billion (yes, billion) last year, and so was clearly seeking to mind the pennies.

The tags have now been withdrawn, described in a terse official statement as a "mistake". We are living in an era that has become cynical about the corporate millieu.

In a few years, we will come up to the 10th anniversary of the great financial crash - an event already covered in a plethora of films, books and documentaries.

Some paint a narrative of how it all happened, other sketch out its consequences.

My favourite (to date) is the film Margin Call. Starring Jeremy Irons and Demi Moore, it explores how the mathematical skills of engineers had been bought by Wall Street - and were then twisted from the design-and-build of useful stuff like bridges, to be utilised in cooking up the poisonous derivatives that brought the world to its knees.

If the crash was a financial heart attack that brought shame on greedy practices, there doesn't seem to have been too much mea culpa, or applied learning, since.

The trust that needs to exist in a developed democracy between the body corporate and citizens is being continually tested.

In the case of Tesco, it's not just the 10p bags and £6 billion losses, it's the abandoned grand projects which have been created blight across communities, not least here in Allenton, which has been waiting a decade for the store that will never come.

And it's not just Tesco, our high street names are really beginning to test our patience, sometimes, I fear, to destruction.

Are you one of the many folk confused in airports by the request for a boarding card when trying to buy a newspaper, some water and a packet of mints at WHSmith?

I certainly found it totally odd but assumed the data gathered would be used for stock planning purposes. Wrong. The request is part of a VAT-avoidance scam where the passenger pays the 20% VAT but the company claims the money back if your final destination is outside the EU. Thus, the need for the boarding card.

I never present mine, vaguely mumbling it's somewhere else. Now, millions of passengers are refusing the hand over their boarding card too. No doubt we will soon hear about subsequent lost company revenues.

The list appears to be endless with new scandals emerging on a regular basis. Last week, it was Volkswagen and its diesel emission test cheating. This week, it's the fact that Facebook paid £4,327 in corporation tax last year - that's £434.20 less than Marketing Derby.

However, it's not all bad, and there are companies trying to do the right thing. Last week, I was at the Derby Roundhouse for the Derbyshire Brain Game, a corporate quiz that raised £30,000 for Marie Curie. This week intu Derby is hosting a national Business In The Community delegation, including Toyota and Rolls-Royce, looking at extending corporate social responsibility activity.

Many of the city's SMEs are providing staff into the Derby Education Business Brokerage initiative, supporting hundreds of school students in interview techniques and CV-writing. And so on.

For me, the more that companies (small, medium and large) are rooted in local communities, the less likely they are to behave badly due to their detachment.