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JULY 2016 PRO INSTALLER
PRO BUSINESS
www.proinstaller.co.uk
370,000 SMALL
BUSINESSES PLAN
TO CEASE TRADING
With 1 in 5 businesses struggling to handle the increased burden of red
tape, is it time for further support for the nation’s small businesses?
Over 1.8 million jobs
are at risk as 370,000
small businesses plan
to cease trading over
the next five years,
according to a survey
commissioned by business for sale marketplace, Bizdaq (www.
mybizdaq.com).
TO STAY OR
WALK AWAY?
The research, conducted
by Opinium, found that
over 370,000 small businesses are planning to
simply cease trading in the
next five years, with these
businesses employing 4.85
employees on average. A
further 424,000 business
owners plan to exit their
business by selling within
the next five years; selling
being a method which is
far more likely to protect
jobs.
Of the 1.8 million jobs
that could be affected,
370,000 of those will be
within the next 12 months,
as small business owners
start to cease trading.
The survey found that
business owners in London
are most likely to be thinking about an exit within the
next five years. 43% of London small business owners
considering an exit, whilst
those in the East of England are happiest running
their businesses with only
11% of owners considering
exiting.
Interestingly, the revenue
of businesses didn’t have
an impact on whether an
owner was planning to
leave – the East of England
had both the lowest exit
rate and the lowest average
revenue, whilst the East
Midlands, which had the
highest average revenue,
was second only to London
for business owners looking
to exit.
CAPITALISE AND
SAVE JOBS
Sean Mallon, CEO of
Bizdaq, said: “It is astonishing, given the government’s rhetoric around job
creation, that little is being
done to preserve the number of jobs at risk within
‘little is being done to
preserve the number of
jobs at risk within Britain’s
small businesses’
Britain’s small businesses.
If the government were to
make leaving a business
easier and promote this as
the ‘norm,’ then hardworking small business owners
could capitalise on their
efforts and we could retain
over 1.8m jobs - it’s a winwin situation.”
Bizdaq, the online marketplace for selling or buying a
small business, is dedicated
to making the process of
selling a
business
easier and
more cost effective for small
business owners. Bizdaq
features include an online
valuation tool that instantly
estimates the likely sale
value of any business,
step-by-step instructions
and notifications to help
business sellers and buyers through the business
transfer process for them-
selves. This report is part of
Bizdaq’s mission to increase
the number of small business owners successfully
selling their business and
thus avoiding a sudden
closure when the business
is no longer viable, saving
jobs and enabling business
owners to realise the value
of their hard work.
Source: www.mybizdaq.com
Celebrations mark three decades in the UK
PVCu systems supplier The
VEKA UK Group is marking
its 30th year of manufacturing in the UK with a host of
celebrations.
VEKA began manufacturing in
Burnley in 1986, with just four
extrusion lines. The company
has now become the UK’s largest
supplier of PVCu window profile
and one of the local area’s biggest
employers, with 34 extrusion lines
and around 400 staff.
Last year alone, The VEKA
UK Group extruded more than
enough PVCu profile to circle the
globe.
MD Dave Jones has been with
the company for 22 of its 30 years
and believes that The VEKA UK
Group’s success can be largely
contributed to its ‘partnering’
approach with customers. “As a
company, we understand that our
value is entirely in the hands of
our customers. If we’re not providing the
perfect products for the market,
we don’t deserve to succeed.
That’s why we develop our PVCu
systems and services based on the
valuable feedback our customers
provide.
“Over the years, we have
continuously invested in plant,
people and technology to maintain our industry-leading position.
In 2014, we invested £5m in building the country’s most technically
advanced mixing plant here at our
Burnley HQ, which has a potential
capacity of 72,000 tonnes and allows The VEKA UK Group to have
even greater control over quality,
service and efficiency.
Business Secretary Vince Cable
attended the official opening and
described the addition of this
state-of-the-art plant as ‘a European success story’.
“After three decades of UK design
and manufacture, we have absolutely no intention of slowing down. At
this year’s FIT Show, we were proud
to unveil a host of innovative, new
systems and services that received
extremely positive feedback and are
already being adopted by fabricators up and down the country.
“The entire team works so hard
that, in my opinion, it’s no surprise that The VEKA UK Group
claimed Burnley’s ‘Business of the
Year’ Award once again at the end
of last year.
“We’ve achieved a huge amount
in the past 30 years, and we
have lots of developments in the
pipeline for the next 30 years. We
continue to proudly invest in UK
manufacturing, striving to unveil
more innovative and energy-efficient products than ever before.”
The VEKA UK Group marks the
anniversary with a celebratory
staff event at Burnley FC’s Turf
Moor - including a visit from the
Global VEKA Group’s CEO Andreas Hartleif - a promotion in the
local paper, a family fun day at the
plant, and the official unveiling of
the new M70 profile system.
www.vekauk.com