Vicky

 

CHANGES in the Autumn Budget could see small businesses losing out on money they are owed to them in insolvency cases, warns the West Byfleet-based firm Gibson Hewitt.

The leading insolvency firm, says that the changes will see HM Revenue & Customs (HMRC) take up position as a preferred creditor in insolvency cases, which could lead to creditors such as small businesses, struggling to claim money owed to them, which could have a trickle-down effect leading to more businesses becoming distressed.

Lynn Gibson, Director at Gibson Hewitt

The current rules allow for taxes (PAYE, VAT & VAT) paid by employees and customers that are temporarily held by an insolvent company to be used to cover the company’s debts to other creditors, instead of being paid directly to HMRC, who is currently left in a similar position to all other unsecured creditors.

Frustrated that this leaves millions of pounds a year uncollected by the tax authority, Philip Hammond has indicated that HMRC will become a preferred creditor from 6 April 2020.

This will ensure that when a business enters insolvency, more of the taxes “paid in good faith by its employees and customers, and temporarily held in trust by the business”, will be paid to the Government to fund public spending, instead of to a business’ creditors.

Under the new rules, it is envisaged that HMRC will remain below other preferential creditors, effectively employee remuneration, but Gibson Hewitt is warning that unsecured creditors may find they are able to recover less or nothing at all from their insolvent debtors instead of sharing the funds on an equal footing with HMRC.

“This is a poor deal for ordinary trade creditors, who will now likely find themselves with lower realisations in an insolvent business to recover their debts,” said Lynn Gibson, Director at Gibson Hewitt.

“Unfortunately, this is likely to have an effect on the cashflow within a creditor’s business, which often then has further implications for its own customers and creditors further down the line.

Whilst the Budget is trying to emphasise the “trust” held over payroll & VAT deductions it will have a detrimental effect on other unsecured creditors, particularly where HMRC have effectively been financing continued training.

“The reality of the situation is that the pot of money within an insolvent company is going to get smaller for all unsecured creditors after April 2020 and so it is essential that these businesses take time to review their current relationship with their debtors to ensure they are able to spot the early signs of business failure in future and can be quick to react,” concluded Lynn.

THE TRAVEL industry honoured one of Woking’s best-established businesses, Global Travel Management, naming it Business Travel Agent of the Year, 2018.

The family-owned business travel company was presented with the award at a ceremony hosted by the Advantage Travel Partnership, the UK’s largest independent travel agent group, with TV’s Mark Durden-Smith making the presentation to GTM’s Managing Director, Scott Pawley and Sales Director, Paul Baker.

Paul Baker, left, GTM’s sales director, and Scott Pawley, managing director

Julia Lo Bue-Said, CEO at Advantage Travel Partnership said: “We are very proud of our members and business partners and are excited to once again celebrate what we have collectively achieved in the past year. We would like to congratulate Global Travel Management for their outstanding performance this year.”

GTM, was founded by Scott and Natalie Pawley in 1997, has been a stalwart of the local community gives its support to a number of local youth groups via sponsorship and prizes. The new award adds to a string of awards received by the local company including previous recognition by Advantage, which it has been a longstanding member.

The Style Councillors will headline this year’s Wake Up Woking event to raise money for the Woking and Sam Beare Hospice.

It will take place at the Fiery Bird in Church Street East on Saturday 1 December and support will come from mod band The Special Guests.

The Style Councillors – rather unsurprisingly – are a tribute act to The Style Council, formed by Woking’s most famous musical son Paul Weller after he left The Jam in the early 1980s.

Their hits included Shout To The Top!, My Ever Changing Moods, You’re The Best Thing and Long Hot Summer. Tickets for Wake Up Woking 9 on www.wakeupwoking.bigcartel.com

WHEN X Factor finalist Katie Markham was selected by Adele to appear in the BBC Adele Special presented by Graham Norton, she never dreamt she would be singing live with her idol on stage and launching a new UK touring show all within a year.

That show, Someone Like You, is on the road with Katie performing Adele’s music from her three hit albums, 19, 21 and 25.

Katie says:There’s a real beauty to Adele’s music. I think that’s why it appeals to so many people, she lays raw emotion out for all the world to see.”

The show features all the hits like Chasing Pavements, Make You Feel My Love, Set Fire To The Rain, Someone Like You, Rolling In The Deep, Hello and Skyfall, as well as featuring a selection of songs by some of the legends that inspired Adele. It arrives at the New Victoria Theatre, Woking, on Saturday 17 November.

TWO footballing icons are heading for Woking to talk about their action-packed careers in the Chelsea Legends in Conversation show.

Strikers Jimmy Floyd Hasselbaink, now a Sky TV pundit, and Tore Andre Flo will discuss the big games, dressing room and training ground stories, managers, fall outs and everything you wanted to know about playing for and managing a successful football club.

The event at the New Victoria Theatre on Tuesday 13 November will be presented by Talk Sport radio presenter Perry Groves.

Dutch centre forward Hasselbaink joined Chelsea for a club record £15 million fee in May 2000 and scored 23 league goals in his first season, earning him the Premier League Golden Boot.

Flo, who has 76 Norway caps, scored on his debut in 1997 in a season in which the Blues won the League Cup and the Cup Winners’ Cup.

CORONATION Street fans should get ready to see Soap star Wendi Peters as they’ve never seen her before. The actress who plays Cilla Battersby in the ITV continuing series is about to take to the stage as Lady Raeburn in Salad Days.

“They differ in as much as Lady Raeburn in Salad Days is the quintessential aristocrat who is very relaxed and laid back until it comes to her daughter and finding the right husband for her,” she explains. “I suppose she really just has Jane’s best interests at heart, whereas Cilla couldn’t give two hoots for her children, Fiz and Chesney, and comes from a very northern, working-class background, so has had to fight for all she has.

“The only similarity is the fact that both have a roving eye for the opposite sex.”

Francesca Pimm (Helouise), Wendi Peters (Lady Raeburn) and Ashlee Young (Manicurist). Picture by Mark Senior

Salad Days, which was first performed in 1954, holds lots of memories for Blackburn-born Wendi who says she was thrilled when she got the part of Lady Raeburn.

“I first saw a production of it when I was about 10,” she recalls. “It was an amateur production in Accrington in Lancashire and my godmother, Lorna, was in it.

“I became obsessed with the music and, soon after, there was a TV version of the show. My sister and I videoed it and watched it over and over again. It’s really become a family joke/memory and it’s still quoted today! Of course, I’m now feeling very old as I’m playing one of the parents in the show.”

The show revolves around Jane and Timothy, who have just graduated from university. Not knowing what to do next, they decide to get married and get a job looking after a piano, which happens to be magic and makes people dance.

“Tim’s parents are desperate for him to get a good job and send him out to visit all his uncles for career advice,” explains Wendi. “Jane’s mother – me! – wants to find her a wonderfully rich and influential husband, not knowing that she is already married.

“It’s a wonderfully upbeat, fun show with great numbers that a lot of people will know and can tap and hum along to. It’s just a great ‘leave your troubles outside the theatre’ show and I guarantee you will leave with a big smile on your face.”

The 50-year-old actress will also be having a great time as, despite being best known as Coronation Street’s Cilla, her heart has always stayed in the theatre.

“Most of my career has been on stage, and if someone asked me to pick between TV and theatre, the stage would always win,” she says. “It’s where I first fell in love with acting and singing. My mum would take us to see all the musicals that came to Manchester and I adored going to the theatre.

“A lot of my theatre work has been on tour and I love it. It’s very exciting to be back on the road again, bringing such a fun show to some wonderful places.”

When the tour finishes later this month, the fun will continue for Wendi.

“I have a week off and then it’s straight into panto season,” she says. “I’m back at the Lyceum Theatre in Sheffield playing Mrs Darling, Myrtle the Mermaid and Big Chief Squatting Cow.”

Wendi Peters will star in Salad Days at the Yvonne Arnaud Theatre, Guildford, from Thursday 15 November until Saturday 17 November.

LARGE crowds braved the autumn chill to rocket over to Ripley’s village green on Saturday to enjoy the fun of the fair, food stalls, bars and one of the biggest bonfire and firework events in the South East.

Drum Major Tony Nicolas and the Surbiton Royal British Legion Youth Marching Band led the parade, followed by Bonfire Queen Emma Doherty and her two glamorous attendants Saffron and Philipa in their Queens Coach, then floats and the traditional torchlight procession along the high street to the village green.

Ripley bonfire

Emma set the bonfire ablaze, which was followed by the spectacular and sparkling Dynamic Fireworks’ display illuminating the night sky.

“The kids have an amazing time,” said Sarah, the 1st Ripley Scout Akela. “This is such a good event for our community.”

Vernon Wood, chairman of the Ripley Bonfire Association, said: “I must thank all of our hardworking volunteers, event marshals, bucket collectors, sponsors and Benson’s family funfairs.

“It’s a great free family event that has been running successfully for 63 years and we are proud to have one of the biggest bonfires in the region. The money raised from generous members of the public will be put to good use by our local charities.”

For more pictures see the see the 1st November edition of the News & Mail

THE HEAD of a Woking flooring company has been named as one of the country’s top business leaders in a prominent new report.

Chris Vincent, V4 Wood Flooring managing director, has been named as ‘One to Watch’ in this year’s Top 50 Most Ambitious Business Leaders programme, supported by The Telegraph

Chris Vincent, V4 Wood Flooring managing director

Chris, 41, who is dyslexic, left secondary school with no qualifications with ambitions to become a F1 racing drive. At 23 he joined the family’s flooring business, following in the footsteps of his father and grandfather, and to set up V4 Wood Flooring, with his older brother, Nathan.

Today, V4 Wood Flooring turns over circa £12million and Chris says: “We started from the bottom and had no contacts, which were hard to develop without the internet. It has taken a lot of hard work over the years, but I’d like to reinforce that no matter what obstacles may be in your way, you can achieve your goals.”

Chris adds: “I’m humbled to be named in this prestigious list amongst some fantastic business leaders throughout the country.

“I left school without any qualifications, mostly due to being dyslexic. I focused all my energy on motor racing and raced at quite a high level but realised I couldn’t make a career of it so turned to entrepreneurship.”

Selling to retailers, V4 manufactures and provides quality, hardwood flooring to a network of approved dealers throughout the UK. It has a range of flooring. It prides itself on its environmentally-friendly policy and is committed to finding new ways of producing flooring that lessens the impact the industry has on the environment.

THE largest mobile chemotherapy treatment unit in the world has visited the Woking headquarters of the breast cancer charity Walk the Walk.

The 146ft-long unit weights 30 tonnes and the charity, whose main offices are in Albert Drive, made a grant of half a million pounds to Tenovus Cancer Care, which is running the facility.

The money was raised by walkers taking part in Walk the Walk’s MoonWalk events. Several local supporters of the charity were invited to see the unit.

One of those was Brenda Barrow, who has completed 15 Walk the Walk events.

Brenda Barrow, left, with Walk the Walk founder and chief executive, Nina Barough

She said: “It was great to have the opportunity to see the Mobile Cancer Support Unit. It is fantastic and is going to provide a great service to patients suffering from cancer.

“It was a privilege to be able to see that through doing events like The MoonWalk, I have been able to contribute to something like this – it really incentivises me to continue taking part in events for Walk the Walk”.

With seven chemotherapy chairs the unit can accommodate 30 patients a day and deliver more than 8,500 treatments a year.

Walk the Walk’s founder and chief executive, Nina Barough, said: “If you need to have chemotherapy this is where you’d want it to be – it is an intimate, reliable, warm, welcoming space, which is exactly what you need to help reduce the fear and anxiety that many feel when diagnosed with cancer.

“It has been great that our Walkers in the South East have been able to see how the money they have fundraised is helping people in other parts of the UK.”

The unit will treat patients in Wales.

SPECIAL VISIT – The mobile cancer support unit at the Walk the Walk Woking offices, with charity workers and supporters

FOR more information, or to sign up for a Walk the Walk event, including The MoonWalk London on Saturday 11th May, visit walkthewalk.org

A YOUNG Woking volunteer has raised £1,500 for the learning disability charity LinkAble by running the New Forest Marathon.

Connor Ward, 21, took part in the event with his cousin Marcus and finished in under five hours.

Connor first started volunteering at LinkAble as part of his Gold Duke of Edinburgh Award four years ago and has continued helping at the charity when home from university.

1. Connor Ward, left, and his cousin Marcus after running the New Forest Marathon in aid of LinkAble

The amount he has raised adds to a prize of £1,000 given to LinkAble in recognition of Will Siegmund, 18, being named Young Woking Volunteer of the Year.

The money for Will’s success will go directly towards supporting vital services for children and adults with learning disabilities.

He missed the awards ceremony for the event run by the Greenoak Housing Association earlier this year, but was presented with the cheque by the Mayor of Woking, Will Forster, at the LinkAble premises in Board School Road

Will is off to further his studies at university but still plans to continue volunteering at LinkAble. He said: “I’ve really loved volunteering at LinkAble and have found it incredibly rewarding.” when he can and

 

Will said, ‘I’ve really loved volunteering at LinkAble and have found it incredibly rewarding.”

Alison Keeley, LinkAble’s Chief Executive said, “These two young men have been fantastic and we have been so lucky to have them as volunteers.   They are always diligent and get on brilliantly with all the adults and children with learning disabilities. We rely so much on our volunteers and having people like Connor and Will who we can trust to work hard makes such a difference to our charity.”

LinkAble is always looking for reliable and hard working volunteers.  Call 01483 770037 or email HR@linkable.org.uk if you are interested in helping.