Monthly Archives: November 2013

PM+M Named Accountancy Firm Of The Year

nwsca accountancy form of the year photoA hugely successful past twelve months for PM+M was recognised last night at the North West Society of Chartered Accountants annual accountancy and business awards.

PM+M were awarded the ‘Accountancy Firm of the Year’ after their presentation impressed the judges earlier this month.

Special mention goes to Claire Furnival from PM+M’s Business Services team who was also shortlisted in the ‘Rising Star’ category.

The awards, now in their tenth year, celebrate the outstanding achievements of businesses, individuals and professional advisers from across the region.  This year the ceremony was held at the Hilton Hotel, Blackpool.

Managing partner Stephen Anderson said “I felt we really deserved the Firm of the Year and we won it!  Well done to the team of presenters and those who supported them, but above all, thanks to all the PM+M family.

“I’m so proud of us all” he added.

Red Rose Awards 2014

PM+M are delighted to announce that we are one of the judges for the Lancashire Business View Red Rose Awards 2014.

The event will take place at the Winter Gardens, Blackpool on March 13th 2014 with the closing date for entries January 17th.

With more than twenty award categories there is scope for all business, big or small. There is at least one category appropriate for every business in Lancashire.

The Red Rose Awards is a night where the spotlight is trained firmly on the nominated businesses. It’s an opportunity to celebrate the work of your team over the past twelve months. It’s a chance for your business to show off.

Why not enter an award? Let us know what has made you proud to be a part of your business. Share your successs story.

Last years awards night at the Empress Ballroom at the Winter Gardens, Blackpool saw an audience of more than 900 in attendance. The best and brightest in business from across the region under one roof. The awards are the ideal occasion to make new contacts and develop existing relationships.

For the first time the awards will have joint headline sponsors with Barclays joining Forbes Solicitors on the roster who are pledging their support for the fourth year running. The calibre of these sponsors and their continued support demonstrates the esteem in which these awards are held.

With the UK economy beginning to pick up this is the perfect opportunity to show support to local businesses and professionals. We would be delighted if you could join us next year to take part in a celebration of business in Lancashire.

The closing date for entries is January 17th and the awards will be held on the 13th March at the Winter Garden, Blackpool. Enter online here.

Silver Medal For Sarah At National Finals

untitledSarah Clancey, a member of PM+M’s Business Services team, has taken home a silver medal at the national finals of the AAT Worldskills Competition in Accounting over the weekend of November 14th-16th.

Sarah was team leader of the ‘T2000 Hotpots’ a group of three initially chosen last year to represent Training 2000.  In order to make it through to the finals Sarah and her team had to see off competition from 60 other teams specialising in accountancy, from across the UK.

Over 100,000 people were in attendance at the NEC in Birmingham where 700 finalists were demonstrating their skill in areas as diverse as engineering, bricklaying and floristry.

The teams were tasked with completing a set of accounts which involved showcasing their ability to work both as a team and individually.

Sarah revealed “We had to cover everything from processing the invoices to completing the extended trial balance.  Throughout the day we also were handed several emails which involved writing replies on topics such as professional ethics and CPD.”

“We were also required to create a business report regarding how to improve the solvency and cash flow of the business as well as an analysis of their older debtors and their credit limits and make suggestions for improvements.”

Over the course of two days they were assessed on the accuracy of their answers, professionalism and communication and how they worked as a team and independently.

After an intense couple of day’s competition, the finalists were given the opportunity to let their hair down at the closing ceremony and after party held at the LG Arena on Saturday night where Sarah and the Training 2000 team were rewarded for their dedication and hard work with the silver medal.

PM+M Christmas Present Appeal 2013

PMM_Xmas_Gifts-8414For the last three years we have been running our Christmas present appeal where we ask our team, clients and friends to consider donating a Christmas present for local, vulnerable children.  And this year will be no different as we are launching the appeal again.

The past few years have seen us donate hundreds of toys and gifts to our local Children’s Services’ Teams who pass them on to struggling families.  For some children this may be the only gift they receive and your past generosity has been overwhelmingly appreciated.

Once again, we are kindly asking that you please consider sparing a little time and cash to donate a gift to this very worthy cause.  Gifts can be dropped off at either our Blackburn or Burnley offices by Friday 13th December, so that they can be distributed in time for Christmas.

We do hope that you will join us in this extremely worthwhile venture and help put a smile on a local child’s face this Christmas.

Gift Ideas:

  • Gifts purchased should be to the value of around £10
  • All gifts must be new
  • Gifts can be brought wrapped or unwrapped
  • Wrapped gifts should be marked with gender and age range
  • Items are needed for all ages of children, from newborn to 16
  • For younger children, suitable gifts could be soft or educational toys, clothes, games equipment (footballs, basketballs), dolls or action figures and books
  • For teenagers, suitable gifts include gift tokens/cards, CDs, gadgets, jewellry and toiletries or make up.  Family gifts of board games are welcome
  • Please do not bring gifts containing confectionary or alcohol

PM+M Unveil “Positive and Encouraging” Family Business Survey Results

Family businesses in Lancashire are confident and positive about the future, according to the results of a new survey released today by leading East Lancs accountants PM+M.

The survey, carried out in conjunction with Praxity, the largest global alliance of independent  accountancy firms, revealed that the profitability of family businesses had increased during the past year with 65% of those questioned describing their financial position as “good” or “excellent”.

Most family businesses expected the economic situation in the UK to improve over the next 12 months. Very few respondents expected the economy to get worse within the next year.

Jim Akrill, Partner in charge of the Family Business team at PM+M commented, “Our survey is extremely positive and encouraging. Family Businesses are the lifeblood of the Lancashire and UK economy and, if they are confident about the future, then that really is very good news.”

He added: “Whilst there are clearly challenges ahead, family businesses across the county seem to be in very robust health, providing more evidence that confidence is returning to the economy and well-run family businesses will be perfectly positioned to take advantage of this”.

Most of the survey respondents supported the statement that “A family shares similar attitudes and values and can therefore develop a strong culture within its business”. The survey also found that the majority of respondents believed that: “There is greater continuity of leadership through family members”, thus providing greater certainty for the business and its employees.

Jim commented: “There was also another striking aspect to our survey. Strong governance and leadership is arguably the most important aspect of any successful business. Despite this, the survey indicated that the vast majority of family businesses have no documented comprehensive strategic plans or family agreements.  This could potentially lead to conflict or confusion for family businesses.”

The survey results highlight that, for family businesses which can often have strong cultures and leadership, disagreements and the emotion generated by them can be reduced by setting up a Family Constitution.

Also high on the agenda was planning for the next generation,  the majority of respondents anticipated that the next management succession change would take place within 10 years.  Unfortunately, 68% indicated that they had not undertaken any formal succession planning.

This may come as no surprise given that many families have been simply concentrating on getting the business through the recession. But as the economy improves, and as the focus on business values returns, the family business will have more time to devote to these important considerations.

“It is clear that many people involved in family businesses share similar concerns and experiences which are not found elsewhere in the private sector. The family business survey shows that they are not alone, that support is available and that there are strong signs of optimism for the future.”

 

PM+M Shortlisted For Two NWSCA Awards

PM+M has been shortlisted for two NWSCA (North West Society of Chartered Accountants) Accountancy and Business awards.

PM+M has been shortlisted in the ‘Accountancy Firm of the Year’ category and Claire Furnival from our Business Services team has been nominated for the ‘Accountancy Rising Star’ award.

The presentation will take place on Thursday 28th November and will be held at the Hilton Hotel, Blackpool.  We’re keeping our fingers crossed and looking forward to the results!

Managing Partner, Steven Anderson said “Both categories are keenly contested and it is a testament to the hard work of the entire PM+M team that we have been recognised this year.  And particular congratulations to Claire who thoroughly deserves to be a ‘rising star’ finalist.”

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