Businesses must keep a constant lookout for risk factors in their supply chains

A recent article in Packaging News highlights the considerable threats to businesses within the packaging industry which, whilst not under as much pressure as the construction and manufacturing sectors, is under constant threat due to constraints in the business climate causing, amongst others, cost cutting from end-retailers, the on-going price war between retailers, and the increasing costs of raw materials.

It is rare for insolvencies to occur without at least some warning signs before hand. Businesses must therefore keep a constant look out for risk factors in their supply chains which could put their own business under threat. Regular client credit checks, monitoring fluctuations in payment patters, and careful due diligence of new clients are just a few key actions businesses should be undertaking as a matter of course.

Our experts are Beavis Morgan are well versed in working with businesses across a range of sectors, assisting them with implementing effective risk management procedures and working together to enhance business growth and optimisation.

Contact us today for a initial discussion about how we can help you and your business. And don't forget, if your business is involved in the field of technology and the advancement thereof, and you are working on innovative projects, you may qualify for a significant amount of cash back through the government research & development (R&D) tax relief scheme. Our dedicated team of R&D specialists are on hand to asses whether your company could qualify under the R&D scheme and to assist in preparing and submitting your claims to HMRC.

For further information or to arrange for a no obligation preliminary meeting to discuss how we can help you and your business, please contact please contact Steve Govey or your usual Beavis Morgan Partner.