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Is staff entertaining a regular cost for your business?

Under the current rules a company can spend £150 per employee, per year, on annual staff events, such as a Christmas party or summer barbecue, without the company or the employee suffering tax charges. Where the average spend exceeds £150 per person attending such events, HMRC will assess the attending employees as having received a benefit

Employee Incentives

What to Consider from a Tax Perspective Attracting, engaging and retaining people within your business is key especially when your staff are your most valuable asset. This has become quite a challenge for a lot of recruitment businesses, which is always a surprise considering that’s what they do day in day out for their clients.

The top 5 financial KPIs to keep track of your business

With only a few areas to focus on and the importance of an efficient cash cycle; keeping track of key financial metrics is essential to becoming a successful recruitment business. We’ve summarised our top five financial KPIs below that we discuss with our recruitment clients: 1. Profit contribution by consultant We all know that staff

Learning from AIM deals: Servoca

I always find it instructive to look at deals done in the sector by listed companies. This is because of the level of detail that is disclosed. An example of this is the deal announced by Servoca plc (listed on AIM) at the start of the month (1 July). They had an existing specialism in

Employee Engagement 101: Employer Value Proposition

The greatest challenge for all leaders is to attract, engage and retain outstanding team members who embrace and demonstrate the values and behaviours of their business. Developing long term relationships with clients happens almost effortlessly when truly great people are enthused, empowered and energised by the company culture. This leads to escalating levels of revenue

Employment Engagement 101: Bonus Schemes

Recruitment business owners often ask us about their options for putting in long term incentive schemes to retain and motivate key members of their team. The options are many and varied but in this blog series I will look at the usual suspects covering both cash based schemes and equity based schemes. Let’s start with

Q&A: Asset Finance

Each year, we have a number of conversations with clients about financing expenditure on projects, whether that’s a business acquisition or simply investing in IT, premises or other fixed assets in order to support a growth strategy. In this blog we address the typical questions that clients have when considering acquiring assets for their business.

How do I get maximum value for my business?

We’re often asked this by recruitment business owners who are contemplating an exit and more often than not it’s a very difficult question to answer because there are quite a few variables that are outside of an owner’s sphere of influence. Take the most recent economic history for example – the prices being paid for

To exit, or not to exit? EBIT is the answer

We’re often asked by recruitment business owners what sort of exit multiples they should aim for and/or expect to achieve. Anecdotally, an EBIT multiple range of 4 to 7 would cover most deals in the sector – albeit, more often than not, most of the aspects of deals are not disclosed. For deals involving public

Shareholders Agreements

Let’s agree to not disagree The SME world is littered with companies where there are a small number of founding owner managers who, over time, have found that the original harmony which brought them together and saw them through the early years has given way to disagreement, whether that’s down to differing personal circumstances or

How to make it a little less lonely at the top

John Rose, Vered Consulting’s experienced CEO, provides insight into how to make it a little less lonely as a CEO or MD. Running a recruitment company, whatever the size, is a tough job. The current business environment is characterised by a highly competitive global economy, accelerating innovation in IT, candidate short markets and increasing demands from

Top 10 Tips for Start-Ups