We take a look at the key takeaways from our recent LinkedIn Live event for businesses in Somerset and Devon. What is a Balance Sheet and Why Does It Matter? Graham Potts, Chartered Accountant and Managing Director at Wessex Commercial, explains that a balance sheet is a financial snapshot of a business at a specific … Continued
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When you’re a business owner, you often find yourself juggling multiple responsibilities. You may wear the hats of employee, shareholder and director, all while being the person handling the day-to-day operations too. At Wessex Commercial Solutions, nestled in the beautiful regions of Devon and Somerset, we recognise the unique challenges you face. We understand that … Continued
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We had a great time at the Yeovil Business Fair 2023 on Wednesday, held at Yeovil Innovation Centre. With over 40 trade stands, including our own, it was the perfect opportunity to meet other local businesses and get involved with some networking. Here are some photos from the day:
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Recurring income, also referred to as residual or passive income, is earned by creating or acquiring an asset that continues to pay you income regardless of whether there is still active work being done to the asset. Every Business Owner’s dream! Even so, a lot of Business Owners haven’t managed to acquire or have thought … Continued
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The UK’s not in recession, but is it going to be? With the difficulty in trying to find skilled labour, pressure on wages, industrial strikes, supply chain problems and massive inflation we might just be heading for one, or at best, a stagnant economy. Furthermore, for businesses dealing with the fallout from Brexit, the economic … Continued
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On 15 March 2023 the Chancellor of the Exchequer delivered his Spring Budget. The Chancellor began by describing his speech as a “Budget for Growth”, saying he would deliver on an aim to make the UK one of the most prosperous countries in the world by removing barriers to investment, tackling labour shortages, breaking down … Continued
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There are five main steps to getting accreditation: Making the decision to go for it Are you looking for new customers? Are they familiar with ISO 9001? Is there an expectation you’ll hold the accreditation? Are you keen to increase customer satisfaction? Do you need accreditation to get through a tender process? Are you planning … Continued
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To begin, this is a sad tale about a subcontractor in the house building industry, they had to fix their prices to win contracts, but didn’t put measures in place to help better protect them. At a decent margin of 40%, even with price rises of 5 – 10%, they should have made decent money. … Continued
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