Podcasting the Google way

Google is always a force to be reckoned with, and whilst they are late to enter the market for podcasting, better late than never!

We are excited to have our podcasts running on their google podcasts offering.Updates from the team at the Business Intelligence leader Reporting Accounts, we bring you the latest news and updates from the UK’s business community. We track the filed accounts covering more than 4.8 million UK companies and are rapidly buiding a free to use database of that data. We are a great source of free data for marketing or monitor your competitors, suppliers and customers. Join the growing number of users using our service on a regular basis to protect and develop their businesses.Available episodes

UK Lockdown finally ending soon
In today’s episode our resident financial expert Adrian Lawrence talks about the long anticipated news today that the UK will finally begin its exit from it’s third lockdown. Schools will re-open on the 8th March and non-essential retail including hairdressers and beauty salons on the 12th April.

John Lewis announces store closures
In today’s episode Adrian Lawrence talks about John Lewis and their announcement of a further store closure programme. John Lewis is a well respected high street brand in the UK, and unusually it is owned by it’s members rather than shareholders.

Move to online sales may be permanent
In today’s episode Adrian Lawrence talks about how companies with warehouses they expanded to cope with the surge of online sales during the UK’s three lockdowns are now planning to retain them. This is a long term trend which appears to have been accelerated by the pandemic by between three and five years. If this proves to be the case then it means the traditional retail market will have a tough time when the UK returns from lockdown.

Moonpig reports busiest ever week
Moonpig group plc the recently listed greetings card online retailer reported its strongest ever week over the valentines day period. The company now expects its revenues for the year to 30th April to be around double the £173m it reported in the previous year. The shares rose 2.5% to £4.45 in early trading on Thursday.

Barclays announces a bad debt provision of £2.1billion
In today’s episode Adrian Lawrence our resident financial professional talks about how Barclays bank is putting aside £2.1billion as a provision for bad debts. The UK and US economies have been badly impacted by the pandemic and the bank now expects a proportion of its lending during that time never to be repaid, as a result it is making a provision in its accounts to cover its expected losses.

Virgin Wines IPO
Today Adrian Lawrence our resident financial expert is talking about Virgin Wines, this is a company that was formerly associated with Richard Branson but was subsequently sold to a management team and private equity houses.

The company is joining the London aim market on 2nd March and is likely to be valued at £100m. As with other recent IPO’s the company has traded successfully during the pandemic lockdowns as its business model is digitally based.

Please keep checking back for more episodes we are recording on a regular basis so you can keep up with the latest news and updates from UK companies.

Puregym Ltd loss running at £500K per day

Summary

In today’s podcast Adrian Lawrence our resident financial expert talks of a news story in today’s press that Pure Gym Ltd are loosing £500K per day as a result of the lockdowns.  They are not collecting gym subscriptions and they have staff furloughed, but unlike their competitors they run a lean model with gyms open 24 hours supported by remote monitoring and with limited staff numbers.

It is a very challenging time for the company given their levels of losses, and the news that the UK is gradually returning to normal will be very welcome news indeed for them.

To learn more about Reporting Accounts and how we hold information and insights into more than 4.8 million UK companies including pure gym group ltd https://www.reportingaccounts.com/uk/06690189/pure-gym-limited/ visit our website at https://www.reportingaccounts.com

UK Lockdown finally ending soon

Summary

In today’s episode our resident financial expert Adrian Lawrence talks about the long anticipated news today that the UK will finally begin its exit from it’s third lockdown.  Schools will re-open on the 8th March and non-essential retail including hairdressers and beauty salons on the 12th April.

The economy is expected to rebound strongly in the second half of the year and may regain all its lost ground by year end.  There remains uncertainty around international travel as the UK is ahead of much of the rest of world in terms of vaccinations.

This is a very welcome news story as a large part of the UK economy, leisure, retail and hospitality has been shut down for a considerable part of the last 12 months.

To learn more about Reporting Accounts and how we hold information and insights into more than 4.8 million UK companies visit our website at https://www.reportingaccounts.com

John Lewis announces store closures

Summary

In today’s episode Adrian Lawrence talks about John Lewis and their announcement of a further store closure programme.  John Lewis is a well respected high street brand in the UK, and unusually it is owned by it’s members rather than shareholders.   Last year it announced losses of £635m and that means it has won’t pay its staff a bonus for the first time since 1953.  It is planning to close up to 8 of its remaining 42 store, this will be a significant blow to its loyal customers as John Lewis is often the anchor store in many town centre locations.

It is yet another sign of how damaging the pandemic and the three lockdowns are to the UK economy.  There is a positive side to the announcement in that John Lewis expects up to 70% of its sales to be through its digital channel by 2025, this also highlights how retailers are increasingly focussing on their online sales channels.

To learn more about Reporting Accounts and how we hold insights and information into more than 4.8 million UK companies visit our website which can be found at https://www.reportingaccounts.com

Move to online sales may be permanent

Summary

In today’s episode Adrian Lawrence talks about how companies with warehouses they expanded to cope with the surge of online sales during the UK’s three lockdowns are now planning to retain them.  This is a long term trend which appears to have been accelerated by the pandemic by between three and five years.  If this proves to be the case then it means the traditional retail market will have a tough time when the UK returns from lockdown.

It is likely that niche retailers and those with strong digital offerings will succeed whilst those with neither attribute will struggle.

To learn more about Reporting Accounts and how we hold information and insights covering more than 4.8 million companies visit our website at https://www.reportingaccounts.com

Moonpig reports busiest ever week

Summary

Moonpig group plc the recently listed greetings card online retailer reported its strongest ever week over the valentines day period.  The company now expects its revenues for the year to 30th April to be around double the £173m it reported in the previous year.  The shares rose 2.5% to £4.45 in early trading on Thursday.

The increase in demand saw the “strongest ever trading week in the Group’s history” the company said in a brief statement.

It shows that the pandemic has had a positive impact on the groups trading as most high street competitors are closed due to the UK’s lockdown. What happens once the country re-opens and life returns more to normal remains to be seen.  This is still a very positive result for the company.

To learn more about Reporting Accounts and to find information and insights into companies like Moonpig and more than 4.8million others, visit our website which can be found at https://www.reportingaccounts.com

Barclays announces a bad debt provision of £2.1billion

Summary

In today’s episode Adrian Lawrence our resident financial professional talks about how Barclays bank is putting aside £2.1billion as a provision for bad debts.  The UK and US economies have been badly impacted by the pandemic and the bank now expects a proportion of its lending during that time never to be repaid, as a result it is making a provision in its accounts to cover its expected losses.

Provision can sometimes be overly cautious and if that is the case then some of this provision will be released as a future profit, but there is also a good chance that the provision will be needed.  Once Government support is withdrawn then businesses in the UK and USA will face a day of reckoning as businesses and individuals become insolvent.

To learn more about our services at Reporting Accounts and how you can use our site to monitor companies for free, visit https://www.reportingaccounts.com where you will find information and insights covering more than 4.8million UK companies.

Companies house suspends compulsory strike offs

Summary

In today’s episode Adrian Lawrence our in-house financial expert talks about how Companies House, the UK’s Government agency that deals with the filing of company accounts, has suspended its voluntary and compulsory strike off notices.   This is part of the wider Government pandemic initiative to help companies during this challenging time.

Often directors rely on postal reminders to keep their company records in order, and with the prolonged third lockdown in the UK, this is an increasing issue.  So by giving companies an extra month to catch up with their admin the initiative is helpful.

What companies house is saying it that “We’ll continue to publish first Gazette notices for voluntary strike  off applications to minimise the impact on those who have applied to  close their company – but we will not be publishing the second Gazette notice and striking companies off during this period. For companies on  the compulsory strike off path, we will not be publishing first and second Gazette notices.

Pausing our strike off processes will provide companies with more  time to update their records and help them avoid being struck off the  register. It’ll also protect creditors and other interested parties who  might have had difficulties in receiving notices or registering an  objection, or whose objections have not yet been processed.”

So some positive news for those managing the company secretarial affairs of UK companies.

To learn more about Reporting Accounts and how we make use of the data from Companies House, visit our website at https://www.reportingaccounts.com where you will find information and insights into more than 4.8 milllion UK companies.

Virgin Wines IPO

Summary

Today Adrian Lawrence our resident financial expert is talking about Virgin Wines, this is a company that was formerly associated with Richard Branson but was subsequently sold to a management team and private equity houses.

The company is joining the London aim market on 2nd March and is likely to be valued at £100m.  As with other recent IPO’s the company has traded successfully during the pandemic lockdowns as its business model is digitally based.

2021 has already been a postive year for new issues, and Virgin Wines follows on from the successful IPO’s of Dr Marten’s and Moonpig, both of which have been the subject of Podcasts episodes on this show.

To learn more about Reporting Accounts and how we have insights and information covering more than 4.8 million companies visit our website at https://www.reportingaccounts.com

Pound hits highs

Summary

In today’s episode our financial expert Adrian Lawrence talks about the Pound’s foreign exchange rate, which has been rising over recent weeks.   There is growing optimism in the UK economy as the vaccination roll out program is on target with more than 15 million people now vaccinated, which means it is now more likely that the lockdown of retail, leisure and hospitality can end.

The other significant factor in the exchange rate was Brexit where the uncertainty was lifted before the end of 2020 when the UK reach a withdrawl agreement with the EU.

The UK looks to be able to recover faster than the EU whose vaccination program is proceeding at a far slower rate.   

The exchange rate is now £1 to $1.38 with market expections of a return to the long term average rate of $1.45.  The rate against the Euro has also improved to around £1 to Euro1.14.

This is positive news story as it shows there is renewed positivity about the UK economy.

To learn more about Reporting Accounts and how we hold information and insights into more than 4.8million UK companies visit our website at https://www.reportingaccounts.com