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May 2018 Newswire  
 

  Services For You & Your Family

 

  Services For Businesses

 

Hethertons Services for Businesses

Our aim is to keep you up to date with ideas and information that will help you gain the best possible advantages in working with us. This newswire will be sent regularly to help achieve this aim, and we hope you enjoy reading them.

Free review of your employment contracts

  What difficulties can employers face from absence?


 

Hethertons’ Employment team has produced a series of videos exploring some of the issues on which we regularly advise clients.

One of these clips looks at the difficulties employers can face due to absences. Senior Associate, David Scott, highlights the specifics you need to be aware of.

 
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 What happens if I want to restructure my business?


 

Restructuring or reorganising your business can be a big step and one that should not be embarked upon without first seeking professional advice. In this month’s newswire we take a look at the challenges you may face if you decide it is time to make that change.

There are a variety of reasons why you might choose to restructure or reorganise your business. These can range from avoiding insolvency to an increase in demand, right through to one of your business partners deciding to call it a day.

 
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  York Candlelighters receives £5,400 from city’s professional community


 

The past 12 months has seen the members of York Trusted Professionals raise thousands of pounds for its annual chosen charity. This year’s beneficiary has been the childhood cancer charity, Candlelighters.

The York Trusted Professionals, which includes local business owners, builders, solicitors and the heads of other local companies, raised a grand total of £5,400, a cheque for which was presented to Candlelighters at a special presentation.

 
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  Four thousand babies and toddlers own companies in the UK


 

An analysis of filings with Companies House has revealed that 4,000 babies and toddlers under the age of two are listed as beneficial owners of companies in the UK.

The analysis, carried out by Global Witness, also found that five individuals own more than 6,000 companies each.

 
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  Good news as year-long pay squeeze comes to an end and business confidence rises


 

Businesses across the UK and their employees will be welcoming the news that the pay squeeze, which has lasted for more than a year, is over.

The latest figures from the Office for National Statistics revealed that during the first quarter of 2018, wages rose at an annual rate of 2.9 per cent. This beat the rise in inflation for the same three months, which was at 2.7 per cent.

 
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  Business remains on the road during winter cold snap


 

Keeping the wheels of commerce turning despite the worst excesses of this winter’s Beast from the East, proved costlier than anticipated.

City of York Council has revealed that the budget for gritting the roads, allowing the hard-working entrepreneurs of York to get to their places of business, overspent by £181,000.

 
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  Iconic York hotel to be renamed and rebranded


 

The Royal York Hotel, which sits adjacent to the railway station and is currently known as The Principle York, is set to undergo a rebranding after its management was taken over by the Intercontinental Hotel Group (IHG).

The iconic hotel, a stone’s throw from the banks of the river Ouse, has been bought up by a French investment firm named FdR in a reported £800 million deal. The branding and management of the hotel will be undertaken by IHG as part of an agreement with the French firm.

 
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