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Revenue rises at Belvoir
Meanwhile profit before tax dipped slightly to £4m from £4.8m.
Belvoir acquired The TIME Group, a network of 63 financial services advisers, in May 2022 and Mr and Mrs Clarke, a concierge-style personal estate agency business operating through 10 partners, in March 2022.
Dorian Gonsalves, Chief Executive Officer of Belvoir Group, said: “I am delighted to report that our strong lettings base, investment in further franchise networks and diversification into financial services have all helped to mitigate the correction in the level of property sales transactions after the exceptional year for the housing market in 2021.
“During the first half of 2022 the Board continued to pursue its growth strategy to strengthen the group’s service offering. The acquisition of Mr and Mrs Clarke provided the group with a platform from which to develop its personal agency model, and the acquisition of The TIME Group added a further 63 advisers to our already established and successful financial services network.
“The group’s investment in businesses to expand both the property and the financial services divisions, and the strong pipelines of house sales and related mortgages at the start of H2, underpin the Board’s confidence of achieving managements’ expectations for the full financial year.”
All change at Derby accountancy company as co-founder takes on sole ownership
It’s all change at a Derby accountancy company as one of its co-founders takes on sole ownership.
Bev Wakefield, who set up Vibrant Accountancy with Ian Ball in September 2019, will lead the business from September 1, with co-founder Ian Ball moving to Pride Park-based CoMech Metrology to become their finance director.
Bev says that she is excited about the future of Vibrant – with plans to participate in more seminars and re-introduce networking groups at the Lodge Lane-based business – and she thanked Ian for his support.
She said: “It has been an incredible journey since starting Vibrant with Ian and I want to thank him for his support and friendship.
“Together with my brilliant team, I want to continue the legacy and make an impact in an industry that has long been considered stuffy, impenetrable and dominated by well-established, big-name players. I want to continue to evolve and disrupt and I’m excited about the future.”
Ian said: “Co-founding Vibrant was one of the best decisions I’ve ever made. I have enjoyed every minute of the journey with Bev, who is now ready to continue to drive the business forward and will ensure that our clients continue to receive the best service possible.
“She is an incredible individual and will continue what we started together with great success.
“I’m looking forward to starting my new job at CoMech Metrology. It was an opportunity that I just couldn’t turn down. The experiences and knowledge that I have gained since starting Vibrant has enabled me to take on such a role, and a role that will help to push the company forward with its growth plans.”
Bev is also keen to make Vibrant Accountancy a more eco-friendly business. Later this year, they will be introducing an electric car scheme for employees – including new head of Management Accounts Amie Fellows, who will be joining Vibrant in October.
The scheme will enable staff to purchase a fully-electric vehicle and pay for it through a salary sacrifice scheme. There are plans to offset Vibrant’s carbon emissions by planting trees, too.
“As a mother of two young children, I know how important it is to protect our planet for their future,” said Bev, “we can all make little changes, and we’re on our journey with embracing this further at Vibrant.
“One thing is for sure, the future is bright.”
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Liz Truss to become new Prime Minister
Jennifer Thomas of the Federation of Small Businesses (FSB) said: “Congratulations to Liz Truss, whose campaign included small businesses, the self employed and unleashing enterprise.
“The challenge now is to deliver action that is big and bold enough to match the scale of the crisis threatening the existence of many small firms, and the jobs, livelihoods and communities which depend upon them.
“Small firms, not protected by an energy price cap, are seeing bills soaring out of control. This is at a time of sky-high taxes, rampant inflation and supply chain disruption, creating a toxic mix which must be addressed urgently.
“Small businesses are crying out for a comprehensive response which cuts taxes, limits spiralling bills, and provides direct cash support for the smallest businesses.
“During the leadership campaign we were pleased that Liz Truss listened to our calls to reverse the recent hike in National Insurance and to look at lifting more small firms out of business rates.
“As she prepares her full package of emergency plans, we are ready and willing to work with the new Prime Minister and her team to protect the UK’s 5.5 million small businesses and the 16 million jobs within them, in communities in all parts of the UK.”
Tony Danker, CBI director-general, said: “Congratulations to the new Prime Minister. This is an extraordinarily difficult time to be leading the country, and she has businesses’ full support in meeting shared challenges together, head on. “Most immediately, support for struggling households and firms in jeopardy is top of the in-tray. This may not be the pandemic, but the exceptional circumstances we now face mean Government must play a central role in supporting our economy. “And if we’re serious about getting the UK growing again, ensuring any slowdown is short and shallow, we need a serious plan for growth. It needs to be bold, unconventional and rooted in the very real opportunities that still exist for the UK to thrive.” Stephen Phipson, CEO of Make UK, the manufacturers’ organisation, said: “We congratulate Liz Truss on her appointment and look forward to discussing the critical importance of manufacturing, a sector that delivers millions of well-paid, highly skilled jobs across the whole of the UK. Britain’s manufacturers are an excellent example of a growing success story, contributing billions of pounds to GDP every year and vital in implementing the Government’s levelling up agenda, creating jobs where they are most needed. “But industry at this time needs decisive action from the new Government to help it through a prolonged period of unprecedented hikes in energy bills, rising cost of raw materials and critical labour shortages in order to keep Britain’s place as a leader of innovation on the world stage.”

