The company is using a 'workplace club' which means it can have access to meeting rooms and lounges for some days of the month, greatly cutting costs. People are happy they can cut out the commute.' It has bought desks, laptops, screens and printers for staff to create a home office, but kept a 'virtual office' in the City along with access to meeting rooms.Īnother company that has given up its City head office is Vantage Point Global, which trains graduates for banks and employs 45 people.Ĭhief executive James Brincat told the Guardian: 'We are working perfectly well, almost better than before. When we started working remotely, we realised we were working very effectively as we were.' 'We'd given notice just before the lockdown came in. Mike Hampson, of Tonbridge, Kent, who is chief executive of the firm which employs 65 staff, told the Guardian: 'We were planning to move offices. It is also becoming ever clearer that the return to the office for some companies may never be the same as before.īishopsgate Financial Consulting is among the London-based firms downsizing, and has cut its annual cots by a quarter by giving up its head office in the City. 'We foresee very few developments being launched in the next six to nine months as decisions will be deferred until there is more stability in the market.' 'There were ten schemes equating to 1.4million sq ft on the verge of commencing in mid-March which will undoubtedly be subject to review with on-site work delayed accordingly, whether that be a near-term postponement or a comprehensive rethink. It said: 'While there will inevitably be delays in construction programmes, permanently stopping construction that is already underway is unlikely. The late payment crisis should be brought to an end as the business community looks to emerge from the current recession, said the FSB.Īlmost two thirds of small businesses have been subject to late or frozen payments in the wake of the Covid-19 outbreak, according to a survey of more than 4,000 firms.Ī spokesman for the Department for Business, Energy and Industrial Strategy (BEIS) said: 'We expect big companies to stand by their smaller partners and pay them on time.'ĭeloitte's London crane survey estimates construction delays of up to six months, with 22 Bishopsgate in the City among those which could be pushed back. CITIES SKYLINES ADD MONEYMONEY CODEThe federation called for a 'long-awaited' review of the Prompt Payment Code to be launched, repeat offenders fined and prompt payment to be made a precondition of state bailouts. The Federation of Small Businesses (FSB) said its research showed that most small firms have been affected by late payment as a result of Covid-19, seriously stifling cashflow.įirms dealing with the public sector fare no better than those selling to other businesses, said the report. A late payment crisis affecting smaller firms has worsened during the lockdown, according to a new report.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |