Hot summer results shine on glamping firm’s business forecast

Luxury glamping company Ribble Valley Glamping Ltd is celebrating a successful first year and a great start to the summer thanks to the hot weather and financial support from accountancy firm Pierce.

The family business, which trades as Wigwam® Holidays Ribble Valley, opened in October 2017 and has seen sales ramp up in the past two months with guests booking last minute spontaneous trips to enjoy the recent hot weather.

The franchise caught the eye of businessman John Brewer two years ago when he saw the glamping cabins at a trade show. Together with his wife Anne, daughter Jane McDonnell and her husband Martyn, the family have brought luxury en-suite glamping to Lancashire’s Ribble Valley.

The site currently has six cabins, with the directors looking for funding to invest in two more to meet the demand from holidaymakers wanting a getaway in the heart of Lancashire.

Company director Martyn said: “We’ve worked really hard to get this business up and running and have done most things ourselves from laying the groundworks to landscaping the site.

“The cabins are packed with amenities including two double beds, shower and toilet, fully fitted kitchen, TV and DVD player with outdoors table and chairs, firepit and BBQ set.

“The site also has an on-site shop that stocks most of the things that tend to be forgotten with a few treats like marshmallows. There is also a supply of fresh milk from a local milking parlour.

“Our business goal is to provide excellent customer service so our guests have a fantastic holiday and we’re delighted to have 5* ratings from Facebook and Google reviews.”

John, a long-standing client of Pierce for his portfolio of businesses, enlisted the accountancy firm to help with the new family venture.

Pierce has been advising the company on corporate structure, funding and VAT, and will help to run the firm’s payroll and maximise tax reliefs.

Mark Walmsley, associate director at Pierce, said: “We are delighted to help a long-established client with their new family venture. It is a brilliant business idea and who could resist staying in such stunning surrounds.

“The business has got off to a tremendous start and we look forward to working with the company as it continues to grow and becomes the go to place for holidaymakers in Lancashire.”

Luxury hotel appoints Pierce to support growth

Lancashire-based luxury hotel Stirk House has appointed Pierce to support its ambitious growth plans with expert business advisory and accountancy services.

Stirk House, a listed building which overlooks the Ribble Valley, has experienced significant growth in the past three years, increasing turnover from £1.4m to £2.4 million by branching out from guest stays and becoming a popular wedding venue.

The family run Clitheroe hotel has enlisted the services of Blackburn-based accountants, Pierce to provide auditing, tax planning and advice on access to finance.

Helen Kay, financial director at Stirk House, said: “In the last few years we have developed our core hotel business by taking a more pro-active customer approach and investing £750,000 into the building to offer bespoke wedding packages at an affordable price. This has helped us to increase the number of weddings we host per year from 18 to 180.

“Pierce is not only a dependable, expert partner – the team is pro-active, friendly and approachable which made them a great fit. With their help, we will be able to implement our business plans, get everything in place financially and grow the business further.

“Our future plans include investing into the leisure club and spa facilities and increasing the number of bedrooms.”

Nadeem Hussain, director at Pierce, said: “Stirk House is an iconic local hotel and a much loved heritage building – but at its heart lies a thriving, modern business with exciting plans.

“We will work closely with Helen and the management team at Stirk House to build on the incredible successes of the past three years, by underpinning their excellent business ideas with strategic business, accountancy and funding plans.

“We look forward to helping the business during this exciting next phase.”

For more information about the expert financial services offered by Pierce, please contact them on 01254 688 100 or visit www.pierce.co.uk.

Pierce helps entrepreneur step into the fashion industry

Lancashire entrepreneur Marco Vaghetti is launching English shoe company LANX thanks to the help and support from accountancy firm Pierce.

Pierce has been working with Marco for the past decade providing expert financial advice across his business portfolio.

Marco is the brains behind LANX, which designs and tests business-casual shoes – made with the finest leather and British sourced textiles – from its base in Whalley. LANX’s shoe collections are limited edition, with as few as 30 pairs manufactured in some styles.

Marco said: “I’m really excited to be launching LANX after developing the business during a six-month trip to Asia. I visited 10 countries and countless shoe designers and manufacturers to learn how to make footwear and search for creative inspiration.

“When I landed back in England, I was ready to start the company and Pierce was one of the first calls that I made. They have provided me with excellent financial advice with my other businesses and I knew they would be a great support for LANX.”

Pierce has worked with Marco for 10 years providing bookkeeping, VAT, tax planning and financing support for his two existing businesses and a previous venture.

Pierce has worked closely with Marco from the inception of LANX to structure the company, advise on footwear import duties and on financial projections.

Paul Moulding, senior manager at Pierce, said: “It has been a pleasure to work with Marco over the past 10 years. He is a very ambitious and driven individual and it has been fantastic to play a part in his thriving business portfolio.

“Marco has worked so hard to develop LANX and I’m sure his collections will be successful as they are developed to such a high-standard. We are proud to work with a business that designs and tests shoes in the heart of Lancashire.”

To celebrate the launch of the LANX website and the AW18 collection launch, LANX will be hosting a pop-up shop on May 26 at Nushu, 29 King Street, Whalley, Lancashire between 12.00-18.00.

Seven clients made finalists for Red Rose Awards

Pierce is celebrating after Seven of their clients have been shortlisted for the upcoming Red Rose Awards.

The finalists for the awards, run by Lancashire Business View, include:

  • Supalite Tiled Roof Systems – Construction Business Award
  • Albert Harrison & Co – Ecommerce Business Award
  • Sagar insurances – Financial Business Award & In-House Training Award
  • Bespoke Healthcare – Health and Care Business Award
  • Vision Techniques – Innovative Business Award
  • Barnfield Construction – Large Business Award and Construction Business Award
  • Smallbone Cars -Family business

John Green, Chairman of Pierce said: “It is fantastic to see so many of our clients shortlisted for the Red Rose Awards. The ceremony is one of the highlights of the Lancashire business calendar and brings together the most talented organisations from across the county.

“We will be supporting our clients and hoping for success on the night. Good luck!”

The winners will be announced at the glittering award ceremony held at the Winter Gardens, Blackpool on Thursday, March 8.

Pierce puts Lancashire mumpreneur in the driving seat with PLUSH business

Pierce chartered accountants has helped to put entrepreneur and working mum Susie Wilson in the driving seat of a new business manufacturing luxury leather car accessories for kids.

The Blackburn-based accountancy and business advisory group provided tax and trademarking advice enabling Susie to launch PLUSH, which designs bespoke children’s car seats for use in exclusive marques, including BMW, Porsche and Mercedes.

Pierce has worked with Susie for a number of years while she was financial director at DH Stainless in Accrington and the partnership continued when she established her own venture.

Based in Clitheroe, Lancashire, PLUSH was launched at The London Motor Show 2017 in May. The company is currently in discussions with BMW Germany, Porsche and a number of luxury car dealerships about becoming stockists.

Susie said: “I have a BMW Z4 and when I was looking for a car seat for my six-year-old daughter, I realised there were no seats to match the interior in my car. I’ve always been car mad and have an eye for fashion and design so when I discovered the gap in the market, the idea for PLUSH was born.

“I use Pierce for my accounts but they have provided me with so much more than that – they are a source of help and a voice of reason. I am a chartered accountant so I have good financial knowledge but Pierce were able to help me beyond my expertise with advice on tax and trademarking.”

Jane Smith, associate director at Pierce, said: “Susie is very entrepreneurial and Pierce is really proud to be supporting her exciting new business venture.

“Our work with PLUSH covers accounts, providing specialist tax advice and trademarking support. Our expert team has a wide range of skills, meaning we can help start-up companies and SMEs with every financial aspect of their business.

“We look forward to seeing the success of PLUSH unfold in the near future as it is such a unique enterprise.”

Client Story: Wallsauce

Pierce client wallsauce is one of the UK’s leading custom wall mural companies. It is also now building quite a significant overseas presence, taking several orders every day from foreign customers, particularly from the US.

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With a growing track record of providing murals to home users and companies across many sectors, the Ribble Valley-based business was recently commissioned to provide some inspirational murals for two winners of BBC’s The Apprentice.

During 2015 Ricky Martin and his company Hyper Recruitment Solutions, winner of The Apprentice in 2012, asked Wallsauce.com to provide a series of science-themed murals for its offices located at Lord Sugar’s Amshold House headquarters. More recently 2014 winner Mark Wright and his company Climb Online also made contact, having been recommended to do so by Ricky.  Just last month Wallsauce provided Climb Online with a number of bespoke murals for its central London offices, using stunning imagery of extreme rock climbing accompanied by branding and motivational messages.

Mark Wright, co-founder of Climb Online with Lord Sugar commented “I decided to contact Wallsauce having seen the great things they’d already done for Hyper Recruitment. We’ve just moved to new offices in London and wanted to create inspirational office space for staff and clients alike. I could not be happier with the end result – the murals look unbelievably good!”

Whilst Wallsauce.com take plenty of orders every day via their UK or U.S. websites, the company also prides itself on providing a tailor-made mural service. With its own design studio, their team of designers can create and bespoke all sorts of mural artwork to suit individual clients. After recently attracting the attention of Tesco Plc, Wallsauce now regularly provides murals for a number of their large distribution hubs around the UK. Other specialities include ‘Anti-microbial’ surface wall murals for hospitals and healthcare units, historical and landscape murals for residential care homes, educational murals for schools and many more.

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Colin Watson, Commercial Director comments; “The application opportunities for our wall murals are almost endless. Alongside the diverse demand from home users, we get an equally wide range of requests from businesses from many different sectors. We place a real focus on quality and recognise that our reputation relies on doing a great job every time. We’re constantly delighted by the feedback we get and have a real ambition to replicate what we do in the UK in other overseas markets and with the enquiries and orders we receive daily from the U.S. and other countries, early signs are very encouraging”.

 

Associate director, John Corteen, manages Wallsauce’s working relationship with Pierce and commented, “We have been with Colin and Wallsauce right from the start. It’s great to see that the hard work and personal sacrifices that Colin and his team have made, are now bearing fruit. They have a great product with a real emphasis on quality and service. We provide a full range of accounting and taxation services to them, they are fabulous to work with, and deserve all their success.”

If any businesses or individuals are interested in finding out more about Wallsauce.com, you can do so via their website: www.wallsauce.com or by telephone 01772 284110.

Increase in Insurance Premium Tax

Insurance Tax  shutterstock_238624636

Association of British Insurers (ABI) response on the increase in Insurance Premium Tax and cuts to corporation tax

 

 Huw Evans

Huw Evans, Director General of the Association of British Insurers (ABI), responds to the increase in Insurance Premium Tax and cuts to corporation tax announced in the 2015 Summer Budget.

On the increase in Insurance Premium Tax, Huw Evans said:

“Insurance Premium Tax is a tax on people and businesses at the point at which they buy a general insurance product. So it’s very disappointing to see a more than 50% tax increase being imposed on consumers, especially when the insurance industry and Government has worked so hard in recent years to bring down the cost of essential insurance.”

The ABI calculates that the new rate of IPT will add £9.48 to the average annual household insurance policy (buildings and contents combined) and £12.25 to the average annual comprehensive motor policy.

On Corporation Tax, Huw Evans said:

“Further cuts to corporation tax are good news. They will continue to make the UK a highly competitive destination for insurers and savings providers and enhance London’s position as the insurance capital of the world.”

 

Derek Rigby

Derek Rigby of Sagar Insurances said:

Sagar Insurances logo

The increase in IPT has been roundly criticised by Business and the General public alike. Our initial thought was in a similar vein. However if the increase means that Insurance buyers review more closely their Insurance spend and work with a Professional Insurance Broker who will not only provide superior service but competitive pricing then all is not lost.
For instance at Sagar Insurances despite a huge increase in  on line competition the retention rate for our Personal Lines team is constantly around the 95% mark. This would tend to support our view that for many consumers price is not the overall factor when looking at their Insurance renewal. Excellent service and advice, superior Claims Handling must also be a consideration.

 

 

Prevent the trauma of under insurance

– get value for money from your insurance premiums

By:   John Meadows of Sagar Insurance

Insurance Risk Management shutterstock_123603859
Prevent the trauma of under insurance  –  Insurance works by pooling risk. A large group pay their premiums in to the insurance pool and this allows the insurance companies to pay the claims which arise (whilst also making a profit themselves!)

Everyone pays a substantial amount to insure their businesses and they need to be confident that if they need to make a claim then it will be paid in full. The amount each individual pays in premium is based on the amount of risk, or exposure their business activities brings to the pool.

Insurance Risk Management shutterstock_77408059

One of the main measures of exposure is the value, or the sum insured, of buildings, contents and gross profit. Insurers need to ensure that everyone is paying a fair premium in to the pot and so very often there is an “under insurance” clause in the policy wording.

For instance if it would cost £2m to rebuild a building but it has only been insured for £1m then only half the fair premium has been paid and consequently insurers will only pay out a proportion of the claim. The consequences for the business can be disastrous and the premium paid suddenly does not look “good value for money”.

A few guidelines to avoid under insurance :-

Insurance Are you covered shutterstock_158233841

Understand what should be included in the sum insured.

For instance the sum insured for buildings is what it would cost to rebuild including such things as removal of the debris and applying for planning permission. The market value may well be higher or lower than the cost to rebuild.

The sum insured on Gross Profit should include the wage roll as in most cases staff will still need to be paid even though the company may not be trading or trading on a reduced basis. The exact figure can be decided in conjunction with your accountant.

Understand the basis of cover.

Contents are generally insured on a reinstatement basis which means that they are replaced on “new for old” basis but the sum insured needs to reflect the cost of the new items. It is possible to insure contents on an indemnity basis where items would be replaced by equivalent second hand items. This may be appropriate where a lot of machinery is to be insured and there is a healthy second hand market in those machines. The sum insured can be lower with a subsequent saving in premium. The logistics of replacing items quickly needs thorough investigation.

Insurance Time to Rebuild

Understand the timescale

Business Interruption insurance covers the loss of gross profit following a claim. Do not underestimate the time it would take the business to recover from the effects of a large fire or flood. Rebuilding can take longer than expected and customers disappear in to the ether.

The moral of the story

Give careful consideration to your sums insured and ensure that you get value for money from your insurance

 

Sagar Insurances logo

Contact Details

Telephone: 01282 858250

Facsimile: 01282 858299
Group First House

12a Mead Way

Shuttleworth Mead

Padiham

Lancashire BB12 7NG

 

Emotional Chelsea for John Everiss

Emotional Chelsea Return For Garden Designer John Everiss

 JohnEveriss

Pierce client John Everiss has made an emotional return to the RHS Chelsea Flower Show with a creation commemorating his father’s incredible escape from occupied France.

 

The Evaders Garden pays tribute to the French citizens who assisted RAF navigator Stan Everiss and other British servicemen in evading capture by the Nazis.

StanEveriss2

Stan was part of the seven-strong crew of an RAF Stirling shot down in Northern France while returning from a night bombing raid over Germany in April 1943.
The bomber’s pilot guided the burning plane between two cherry trees, removing both wings and reserve fuel tanks to avoid an explosion. All seven crew survived the crash landing.
Stan was knocked unconscious for several hours and suffered three compressed vertebrae in his back. He was found by members of the Chauny Resistance and kept hidden in a ditch nearby, initially deemed too poorly to move.

He was eventually moved from the crash site by wheelbarrow to the garage of Pere Alfred Logeon before being smuggled across the Pyrenees into Spain. He spent part of the journey hidden in the water tender of a steam train, immersed in near freezing water.

As arranged with his French helper, a message was broadcast by the BBC to indicate Stan’s safe return to England: “Les Muguets fleurissent encore,” translated as… “the lilies bloom again”.

StanEveriss'splane

Stan took a photograph of the damaged plane on a camera which he buried at the crash site. The camera was recovered and the photograph developed after the war.

StanEveriss

Until his death in 1996, Stan was an accomplished public speaker who raised money for the RAF Escaping Society: sending funds to French helpers who needed assistance.

 

John Everiss Design teamed up with Chorley Council to create The Evaders Garden, which will have a permanent home in the town’s Astley Park at the end of the 2015 RHS Chelsea Flower Show

The garden contains a wireframe statute of an RAF airman crouching alongside a replica of a shattered French church. A specially commissioned stained-glass window features two young French people, hands out-stretched to help.

 

Reports about The Evaders Garden have appeared in the Western Daily Press, the Herts & Essex Observer, The Guardian, The Chorley Guardian and  Lancashire Telegraph.

John won a gold medal at the 2014 RHS Chelsea Flower Show with Reachout, a garden sponsored by Newground (formerly Groundwork Pennine Lancashire).

 

 

Walker Farrimond Testimonal

Walker Farrimond Testimonial

Congratulations to Walker Farrimond on becoming the National Excellence Champion – Dealer of the Year and many thanks for their kind words in their testimonial below. From: Lisa Kennery and her team

Walker-Farrimond-National-Excellence-Champion-2014 (2)

I would like to express how happy I am with the level of professionalism of Lisa Kennery and her team with the work carried out on auto-enrolment pensions.

autoenrolment

I was very concerned about the extra time and administration that auto-enrolment required but by opting to take the premium level of service provided by Pierce this headache has been removed.

It is a pleasure to be associated with Pierce and we have been a client for over 17 years.

Ian Farrington

(Company Secretary of Walker Farrimond Ltd).
Walker Farrimond Citroen, NelsonCitroen

National Excellence Champion 2014

We recently attended Citroen’s National Excellence Awards 2014 and we were honoured to be awarded National Excellence Champion 2014.

This award is presented by Citroen UK to the dealer rated by their customers for providing consistently high levels of service in all areas.

We would like to thank all of our customers for your positive feedback which is invaluable in helping us be the best we can.

This award motivates us to continually improve our high standards and we hope you can be a part of our journey in 2015.

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