businessupdate News Bond night cash to help children

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A Skyfall Gala Dinner was held at the Hilton Hotel, Newport, and raised more than 14,000 between both Hilton In the Community Foundation supporting Dreams & Wishes. The event was organised by Newport-based Viaggio UK. Lewis Lewis, of Viaggio UK said: Guests at the event included Cardiff City captain Mark Hudson and Dean Edwards, a celebrity TV chef who regularly appears on This Morning and GMTV. Lewis said: When asked by both Hilton and Dreams & Wishes to help plan and manage this event, we were excited to be part of the charities first event of the year. We are passionate as a company about giving back to both the local community and charities such as Dreams and Wishes who aim to make a real difference to the lives of seriously ill children during what are very difficult times for both the child and their families. Lewis, a former employee of the Hilton Hotels Corporation, said: I am passionate about promoting Newport

Tuesday April 16, 2013

Financially speaking

and indeed the international hotels we have on our doorstep which can help stage fantastic events like this and that only further help put Newport on the map.

Above: Cerian Jones, C&E supervisor, Rhianon Beck, bar supervisor, Nadine Rees, deputy hotel manager, Ceri Crimmings, assistant F&B manager, Martin Hood, chef, Carrie Edwards, bar team, Gabbie Zanotti, service team, Dominika Ipolyova, service team, Lewis Lewis, Viaggio UK, Melissa Cliford, bar team

Manufactures reports record growth figures

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ewbridge-based contact electronics manufacturer, Axiom Manufacturing Services, has reported a record turnover of 29.9m for its financial year ending 31 December 2012. Turnover was up 5.9m on its original target for the year of 24m. The company also increased headcount from 186 to 235 during the year. Manufacturing, which constitutes 10 per cent of the UK economy, unexpectedly shrank in February 2012, with new orders dwindling, prompting concerns that the sector will be a hindrance to economic growth in the first quarter of 2013 Despite this Axiom, which manufactured printed circuit boards, is bucking the national trend, with turnover up by 51 per cent on last years figures and further growth predicted. David Davies, managing director at Axiom attributes the companys growth to its value added services that supplement its core printed circuit board offering, including: its robust supply chain, design and development team, rapid prototyping for new product introduction (NPI) and its innovative approach to manufacturing. He said: We are focused on the right growth, in the right markets, with the right customers. Were continually developing our offering and technical differentiators and making advances in test, design and quality to meet the needs of our customers in a demanding market place. Now in its 11th year of trading as a CEM, Axiom, which serves the medical, industrial. aerospace and defence markets, has a strong history in high reliability and high technology

By Denise Clark, UHY Peacheys

HMRC is getting tougher on businesses which do not keep immaculate accounting records. Add to this the need to understand the performance of your business in order to properly manage and control it and you should have adequate reason to get your accounting records spot on. Some small business see this as vital whereas others see it as a menial administrative task. One thing for sure is that organising and maintaining your records is a task which requires constant attention. Daily credit control and banking, weekly billing, monthly bank reconciliations and purchase ledger are the minimum standard. Get it right and it will be a source of meaningful management information to support growth and enhance profits. Get it wrong and you could mask pricing issues, cause losses and open yourself up to HMRC attack. The solution is as follows: Find a system usually a computerised package such as Sage but excel or manual records are equally effective for small business if used properly Implement systems and controls who authorises bank payments/ raising of invoices/ requisition of products and services Train yourself/ your people choose your team (which may be yourself), get some formal training then follow this up with on the job training Ensure constant monitoring of the system and controls and do not deviate from your principles Many businesses are outsourcing these tasks in order to make better use of their limited resources. Denise can help with any or all of these areas call for a free one-hour consultation. Contact: Denise Clark on 01633 213318 or d.clark@uhy-peacheys.com.

David Davies on the production line

sectors. Its continuing investment in staff, processes and equipment has enabled the company to weather the storm of the Eurozone crisis, and resist the downward trend that has blighted the manufacturing sector to date. David Davies said: 2012 was a successful year for the company amid a general downturn in the global manufacturing industry. Our goals

for 2013 are to remain focussed on our client model high IP, high tech and low to medium volumes, all while maintaining performance and delivery. Our latest figures demonstrate that the UKs large electronic manufacturing services market has the ability to deliver and I hope this encourages customers to re-shore their manufacturing needs back to the UK.