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£4,300 raised to fight hunger at PKF Smith Cooper charity golf day
A charity golf day organised by Midlands-based advisory and accountancy firm PKF Smith Cooper has raised £4,300 for UK hunger and food waste charity FareShare Midlands.
21 teams of four from 15 businesses in the Midlands participated in the event, including Barclays, Available Car, Virgin Money and FHP. The day’s itinerary involved an 18-hole ‘Texas Scramble’ tournament, a three-course dinner and a talk from Poppy Gilbert, Fundraising and Corporate Partnerships Manager at Fareshare Midlands, on the charity’s life-changing work. Fareshare Midlands tackles hunger and food wastage across the Midlands by redistributing food to those in need, from homeless shelters and pensioner lunch clubs to school breakfast clubs and community cafes. Last year the charity worked with over 550 frontline groups across the Midlands to distribute an estimated 16 million meals. The charity event concluded with speeches and an awards presentation with team prizes, including rounds of golf at Horsley Lodge and The Belfry. ‘Team Freeths’ triumphed on the day, winning the tournament. Dean Nelson, Business Recovery and Insolvency Partner at PKF Smith Cooper, commented: “We are so pleased that our annual charity golf day has once again proven to be a success. It was a great day of golfing that saw PKF Smith Cooper clients and businesses in the Midlands come together to raise money for a vital cause. I am thrilled that we have raised over £4,000 to support Fareshare’s invaluable work with people in need across the Midlands. I would like to thank the businesses that attended for their support and generosity.” James Rutter, Relationship Director at Barclays, said: “The annual charity golf day is always a great event and provides the perfect opportunity to entertain some of our most-valued clients and raise much-needed funds for a worthwhile cause. As always, the day was extremely well organised by the PKF Smith Cooper team and we look forward to participating again next year.” Simone Connolly, CEO at Fareshare Midlands, said: “We are so grateful to PKF Smith Cooper and all the guests at their annual charity golf day. It was incredibly kind of them to use the day as an opportunity to support our work at FareShare Midlands.”Gym team reaches the heights for charity
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Pendragon bucks trend with £14.7m pre-tax profit in 3rd quarter
Nottingham-headquartered car retailer Pendragon has delivered a strong trading performance in Q3 2022 with robust margins and impressive new car sales, despite new vehicle volumes elsewhere continuing to be impacted by reduced supply.
Pendragon appears to have outperformed the market with new units up 14.2% in the quarter and new margins also remaining strong, with gross profit per unit (“GPU”) of £2,597 up £743 compared to Q3 FY21.
In airport to the London Stock Exchange, the listed company reported that aftersales revenue and gross margin were both higher than in the prior year, with revenue up 5.0%, margin rate up to 51.7% (Q3 FY21: 50.3%) and gross profit up 7.8% as a result. The strong performance in new cars and aftersales broadly offset the lower used car volume and anticipated decline in used car margins.
Overall, underlying profit before tax was £14.7m (Q3 FY21: £25.1m).
Bill Berman, Chief Executive of Pendragon PLC, comments: “We are pleased with the performance in Q3 FY22 and remain confident in delivering progress towards our long term goals. While we continue to expect both new and used vehicle supply shortfalls for the last quarter of FY22 and into 2023, the new car order bank remains well above historic normal levels at over 20,000 at the end of September. The economic backdrop remains challenging, however we continue to expect to deliver group underlying profit before tax in line with Board expectations for the current financial year.
“We are encouraged that the momentum we saw going into the second half has continued throughout the third quarter. Our agile and diversified business model positions the business well to respond to the uncertain environment, as demonstrated by the outperformance in new vehicles and the strong margin profile of the broader UK Motor division.
“While supply chain challenges and other market pressures are set to persist, we are confident we have the right strategy in place to deliver for our customers and partners, and to meet our expectations for the full year.”
Boots to recruit over 10,000 workers
- Over 6,500 Christmas Customer Assistant roles, where team members will be responsible for helping customers to find the items they need and ensuring shoppers receive the excellent customer experience that they expect from Boots.
- Up to 3,000 roles at the Boots Beeston and Burton-on-Trent distribution centres, including Warehouse Operatives and Picker Packers who play a crucial part in keeping the gears turning smoothly for in-store and boots.com orders.
- 2,000 roles for in-store Customer Operations Assistants – with team members helping to pick and pack deliveries as well as supporting day-to-day store operations – acting as the important link between the shop floor and distribution of Boots deliveries.
Leicester footwear giant sees revenues soar
Leicester footwear retailer giant, Shoe Zone, seem resilient in the face of a mixed year with a revenue leap of 31.2% despite the closure of 63 stores.
The listed firm has reported group revenue increases, from £119.1m in 2021 to £156.2m translating into pre-tax profits of some £11m.
Chief Executive Update, Anthony Smith says: “I am pleased to announce that Shoe Zone had a positive year that included a full 52 weeks trade post pandemic. We continue our strategy to expand our Hybrid and Big Box formats via refits and relocations. Shoe Zone continues to show how resilient it is, with a proven track record of delivering robust results during times of economic uncertainty.
We look forward to updating shareholders in more detail at the time of our final results on 10 January 2023.
I would like to thank all of our teams for their continued commitment and hard work that have produced these great results.”