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Southport Reporter®

Edition No. 175

Date:- 13 November 2004

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DSG GIVES GOOD ADVICE

BUSINESS owners in Greater Merseyside will be able to access free advice about buying and selling a business at a seminar held by the one of the region's leading independent accountancy firms.

Duncan Sheard Glass (DSG) is hosting a seminar outlining the practicalities of buying or selling a business from a management perspective, later this month.

Guest speakers Peter Field and David McCabe from Chance and Hunt Limited, will be sharing their experiences of a management buy-out and subsequent company sale.

In addition, Bank of Scotland Director Chris Pestell will be giving a funder's perspective and talking about the successful components of a deal.

DSG partner Les Staniforth said:- "The seminar is a useful introduction to corporate transactions and will underline some of the pitfalls to avoid when selling or purchasing a business. The speakers from Chance and Hunt Limited will also be able to give other businesses first hand experience of the pitfalls of a management buy-out.

One major hurdle is often raising the finance and we are delighted to have secured the expertise of Chris Pestell."

DSG is the one of the region's leading independent accountancy firms, with offices serving Merseyside, North Wales and Lancashire.

The seminar will take place on Tuesday 23 November from 6:00pm at Liverpool's Radisson SAS. Businesses who would like to attend can register by contacting Claire Busher at cb@dsg.uk.com.

SARNIES AND SALADS COST BRIT WORKERS £112 MILLION EACH DAY

THE days of the traditional ploughman’s lunch are up according to new research from savings giant Prudential. The survey reveals that we shockingly spend an average of £112 million on lunch and snacks each working day, at is an average of over £5 per worker! 

The research shows that only 29% of workers take a packed lunch to work every day. However if every worker who buys their lunch each day was to make a sandwich each morning, collectively we would save a staggering £6.8 billion a year. 

Individually if the money we saved, by making a sandwich each day instead of buying it, was paid into a pension fund over the course of 25 years, it would equate to nearly £23,0005 per person! But on the flip side it is making more jobs and more cash for small businesses that often produce the sadwiches.

Angus Maciver, Director of Customer Insight, Prudential UK said:- “We aren’t suggesting that making sandwiches is the answer to the pensions gap. However the research does illustrate there are many simple steps that we can take to improve our personal finances.”

The most popular outlets for British workers buying their lunch are the supermarket (20%) and the staff canteen (20%), with café’s and sandwich bars (13%) following closely behind. Only 2% stated that they bought their lunch from fast food outlets which is great news for the nation’s growing waist line and the Food Standards Agency.    “This research also shows just how much we waste by taking the convenient option. Planning our spending is as important as an investment or savings plan..." said Mr Maciver. The upside is more jobs though and that means is spread over the UK.

Liverpool’s business community embraces stars and stripes model of regeneration

LOCAL business leaders are coming together to devise an economic development strategy and action plan that will address the challenge of revitalising the city through the promotion of sustainable economic growth with the launch of City Growth Liverpool.

Liverpool has been chosen as one of ten areas in the UK to champion the new, business-led, approach to urban regeneration. City Growth is a national initiative, supported by the Treasury and the Small Business Service, which is inspired by a US Harvard Business School model of business-led regeneration for inner cities. The approach places enterprise and business success at the heart of long-term regeneration and focuses on the economic potential and inherent competitive advantages of inner city or urban areas.

Joe Morris, Chairman of City Growth Liverpool said:- “I am delighted to be given the opportunity to take forward the City Growth strategy for Liverpool. The city already has a great deal to offer and City Growth will provide the added momentum to ensure the future of Liverpool’s economy is sustainable and brings benefits to businesses, residents and visitors to the city.”

A former pupil of Cardinal Heenan High School, Morris comes from three generations of Liverpool shopkeepers. Following more than a decade of working in Europe and North America as well as gaining an MBA from Cranfield University, Morris decided in 2000 to return to his roots to work for the family business, which new employs more than 2,500 people. His strong allegiance to his home city, coupled with his trans-Atlantic career in multi-national engineering, highlighted that his expertise and experience made him the ideal champion and leader of City Growth Liverpool.

City Growth Liverpool aims to tap into the potential of local businesses to place competitiveness and entrepreneurial skills at the heart of urban regeneration. The strategy will drive the future of economic growth through a private sector led partnership that will form new alliances for change.

The second UK phase of City Growth includes Liverpool, Manchester, Leeds, Derby, Leicester, Luton, Portsmouth and the London sites of Park Royal, Wembley White City, Heart of South London and Deptford, New Cross.

City Growth Liverpool will work in the whole of the city outside the city centre which is already covered by the work of Liverpool Vision. The project will be managed by Liverpool Business Centre.

Extensive research and development is currently underway to map the competitive advantages and disadvantages of the target area to identify an agenda for action. The draft City Growth strategy for Liverpool will be launched for extensive consultation in Autumn 2005.

Morris added:- “Sustainable economic growth will only be achieved if business is put at the heart of Liverpool’s regeneration strategy. City Growth Liverpool is a unique opportunity to position the city at the forefront of business innovation by developing its key assets.”

The City Growth Liverpool programme is supported by HM Treasury, the Department of Trade & Industry, the Small Business Service, the Northwest Regional Development Agency, Liverpool City Council, Business Link for Greater Merseyside, Liverpool Chamber of Commerce and Industry, The Mersey Partnership, Greater Merseyside Learning and Skills Council and JobCentre Plus. City Growth Liverpool is supported by the Phoenix Development Fund and Objective One.

Liverpool Reporter.

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