Bridgend Business Forum Awards

Berry Smith LLP was the main sponsor of the Bridgend Business Forum Awards 2014, continuing our longstanding support for the business community in Bridgend and district.   

The awards dinner itself was attended by over 200 people, and Welsh Government First Minister the Rt. Hon Carwyn Jones AM presented awards to businesses in a number of categories.

Rockwool Ltd was awarded the coveted title of ‘Bridgend Business of the Year 2014’ after earlier picking up the accolade of ‘Manufacturing Business of the Year – over £1m turnover’.

The winners in each category were:

Judicial Diversity

Berry Smith’s Head of Debt Recovery, Jane Rees, was one of the first Chartered Legal Executives (CLE) from across the UK to be invited to attend the offices of the Judicial Appointments Commission (JAC) at the Ministry of Justice in London to help test their new website and new online application process and to discuss the JAC’s ongoing efforts to achieve greater diversity in the judiciary.

It’s A Knock-Out, Bridgend : Follow Your Dreams

We raised funds for the charity Follow Your Dreams by participating in the annual It’s A Knock-Out event.  Berry Smith was one of 12 teams taking part in this event which was held within the Bridgend Show.  Follow Your Dreams is a national charity operating in England and Wales that supports children with learning disabilities, some with life-limiting medical or severe developmental conditions.  Follow Your Dreams inspire the ambitions of children and young people by delivering enjoyable methods of learning and play.

Businesses still worried about cash flow and late payments

Late payment and cash flow remain two of the key problems faced by businesses in the UK, according to a recent survey carried out by credit card company American Express.

The survey revealed that 95% of business owners and managers continue to prioritise efficient cash flow practices, and consider it a key factor towards long-term success.

More than 90% of businesses admitted that they often have to wait longer than they would like for invoices to be paid by their clients.

Directors disqualified for breaching invoice agreement

Two company directors have been disqualified after their firm breached the terms of an invoice discounting agreement (IDA).

The company had entered into the IDA with the bank after falling into financial difficulty.

The directors, one whom was the managing director, breached the IDA by re-aging some of the invoices to give the impression that they fell within the lending criteria of the agreement.  This caused the bank to terminate the IDA.

Landlord was justified in refusing new business tenancy

A court has ruled that a tenant’s breaches of contract in relation to business premises were serious enough to justify the landlord’s decision not renew the lease.

The case involved a landlord who owned a commercial and residential property. It was leased to a tenant with an agreement that it would be used as a shop and a home.

The tenant occupied the building for more than three years but never made any attempt to open a shop, despite receiving numerous warnings from the landlord.

Call for help to close loopholes in zero hours exclusivity ban

The government is calling on businesses, unions and employees to help it ensure there are no loopholes in the law banning exclusivity clauses in zero hours contracts.

Ministers fear some unscrupulous employers may try to get round the ban by methods such as offering contracts guaranteeing one or two hours’ work a week.

The issue has been put to public consultation with the government seeking ideas and advice from all interested parties.  It asks for views on what problems might arise and whether the government should take pre-emptive steps to prevent them.

Licensee awarded £8m following breach of contract

A drinks company has been ordered to pay damages of £8m to a licensee following a breach of contract.

The case involved a dispute over cordial and carbonated drinks.

The parties had an agreement that the licensee could produce and distribute the products in Pakistan for a period of five years.

The licensee spent a lot of time and money preparing to launch the product, including recruiting staff, renting premises and upgrading machinery.