EMN & Affiliate News

  As the UK enters a recession and inflation hits 9.1% (OBR forecast), the Chancellor stated that decisions of ‘eye-watering difficulty’ would be required in today’s (17 November) Autumn Statement in a bid to combat these and stabilise the economy. With...

  Succession planning: Funding a management buyout Planning for succession is a really important aspect of ensuring a business’ longevity, and it shouldn’t be underestimated how long it can take to put an exit strategy into action. Ensuring a smooth transition...

Summary of UK Government's tax and spending plans announcement 17 October 2022 Since Kwasi Kwarteng’s ‘Mini-Budget’ at the end of September, the UK markets and economy have been reeling. In a bid to negate the impact, the Government has reversed all but a few tax...

Financial Defence Toolkit to help businesses As UK businesses brace for looming recession, the Bank of England has warned that the UK will fall into recession throughout 2023 with an increasing volume of data and specialist opinion now beginning to underpin that...

A leading restructuring expert is urging businesses struggling to meet financial repayments to seek help before the cash runs out, following the release of the latest Official Government insolvency statistics for June 2022.   Kerry Pearson is a Restructuring and...

Understanding the ins and outs of someone else’s business can be hard as each brings with it it’s own challenges. Yet every business has the same core functions such as operations, finance, quality, health and safety etc even if these are all performed by the same...

Its been quite some time since we have been able to celebrate the excellence of our region in person and award those who have excelled in their sectors. It was great to see so many Engineering & Manufacturing Network members recognised at this weeks Federation of...

Do you enjoy what you do? Do you leave at the end of the day feeling like you've achieved something? The last 2 years has changed many peoples focus and found them looking for ways to get more out of their day to day. That begs the question.... more what? Money seems...

Are you aware that businesses need a plan in place to measure their journey toward netzero ? We would all like to think that we are working together to reduce carbon emissions and drive a more sustainable future, but are you aware that without an actual detailed plan...

Episode 3: Diversity & Inclusion Our Bang the Drum Episode 3, ‘Diversity & Inclusion - More than just words’, is live now, wherever you get your podcasts - including Apple and Spotify. If you missed Episode 2, 'Accounting Tech', you can listen here. Listen |...

Succession planning: Using Enterprise Management Incentives to develop your Senior Team As business owners look at who takes over the business from them when they retire or just pull back to focus on new projects, the one thing they need to know is that they have...

Azets Wealth Management has appointed Jonathan Loughran as a Chartered financial planner working across Teesside and County Durham as part of its ambitious growth plans. Jonathan has over a decade of experience in wealth management working for well-known firms...

Whether you’re a shareholder or a business leader, it’s crucial to plan for succession. As the UK faces the threat of a recession and continues to emerge from the pandemic, the long-term direction of the business should be high up on the agenda to ensure future...

A team of advisors from Azets has advised Carter Business Systems Ltd (Carter) on its sale to Spectrum. Set up in 1999, Gateshead-based Carter is a business systems provider. Spectrum has acquired Carter Business Systems as a going concern and all staff will be...

The UK’s largest accounting firm and specialist business advisor to SMEs, Azets, welcomed some of the region’s key business leaders at its second Director’s Breakfast this year which saw a focus on the impact of inflation on SMEs in the North East. The event was the...

Its seems that just as we start to get to grips with one crisis in business another one presents itself! First we had the panic brought by Brexit and the impact on our sector from finding new suppliers, new trade routes and new staff. Then throughout Covid Engineering...

Where is the best place to get advice? Surely the answer is from someone with the experience and credentials required to answer the query or solve our issue. Engineering & Manufacturing Network have created a Peer2Peer network with support from the North East...

Supporting your employees through the cost of living crisis With increasing inflation and interest rates, individuals, families, and businesses across the country are finding balancing the books increasingly difficult. In response to this, many employers are looking...

Time limit on taking advantage of UK’s capital allowances regime  The changeable economic backdrop has created a challenging environment for businesses trying to plan for the future, minimise costs and retain much needed cashflow. Tax reliefs like capital allowances...

Episode 2: Accounting Tech Our ‘Bang the Drum’ podcast, which launched earlier in November, is hosted by journalist Emma Sheppard and welcomes SME leaders and talented advisors to share their experience and knowledge.They’ll explore everything from the best accounting...

M Group Services has acquired the trade and assets of Salient Systems Limited, including its proprietary software, people and client contracts, to add further capabilities to its data management offering.   Founded in 2001 and based in Newcastle, Salient Systems...

A leading tax expert has warned that the financial support measures announced in today’s mini- budget must deliver growth for UK businesses, with the cost of borrowing likely to keep increasing. Chancellor Kwasi Kwarteng unveiled a string of new measures aimed at...

How does a network work? Well, that depends on the type of network its is. How does Engineering & Manufacturing Network work? The easy answer is 'with' our members. We have built an extremely successful collaboration of businesses by listening and delivering on...

Thats quite an evocative image - someone handing you a bag of cash. But it also raises a few questions such as who would be so generous and why would they give you money? As businesses we have to ensure that we have the cash to operate which includes so many different...