When the UK moved into its first COVID lockdown, the stay at home order saw the doors to ADS Electrical’s most profitable contracts slam shut. However, as an agile business with a switched-on leadership team – and with regular, strategic support from RfM – ADS was able to quickly adapt and generate revenue from new markets. We spoke to ADS HR Manager, Julie McCormick, about how the company has evolved and achieved exceptional growth over the last 15 months.
As we tentatively emerge from the shadow of the full COVID-19 lockdown, Tony Backhouse evaluates how the rules of business have changed and steps businesses can take to secure their place in the ‘new future’.
As your accountants, we are well placed to consider the financial impact that the coronavirus outbreak will have on our clients’ businesses. Here is some practical advice and tips to help you weather this particularly rough storm.
Do you have plans in place for coping with a severe disruption to your business? According to recent findings by the Federation of Small Businesses, most UK small firms are completely ‘unprepared’.