New Members

INTRODUCING CLOVER HR

Clover HR specialise in providing both retained HR services and bespoke HR consultancy services and solutions, to SMEs across the UK.

With over 36 HR Business Partners, the team has been carefully chosen to provide clients with a complete HR Service, wealth of knowledge and sound advice, spanning all areas of HR

We are pleased to welcome our new strategic Members in Baxter Williams. Founded in 2016, Baxter Williams recruit across several sectors to include executive search and commercial appointments both temporary and permanent. Whilst it’s founder Nick Baxter was originally from Birmingham, after graduating he played pro rugby for Worcester Warriors where he represented England Students, England 7’s and the Barbarians. “I’m proud to call Worcester my home and relish the opportunity to build strong working relationships across the Herefordshire and Worcestershire business community. We are very fortunate to work with some amazing organisations and leaders in the region including Bosch, Sanctuary Homes, Karndean and Tyrrells to name a few.” As a Non-Executive Director of the Worcestershire LEP, Nick is aware of the much-documented candidate and skills shortages across the region and gets immense satisfaction in leading, advising and transforming businesses through their most valuable asset - their people.

and the end-to-end employee lifecycle. Clover HR provides you with not only expertise, but with peace of mind, to know your people priorities and challenges are being taken care of. With a partnership focus, collaboration is key at Clover HR. They will pair you with a dedicated HR Business Partner who best meets your requirements and ensure a true understanding of your business and your people. They ensure your Business Partner is as local as possible to provide the most responsive and flexible services as well as offering you remote support 7 days a week (including out of hours advice and support). Clover HR are proud to have been awarded the ISO 9001 accreditation in 2021, having realised that the growth of the business was ahead of plan they recognised that business processes were robust enough to deliver a quality service to the existing and ever-expanding client-base. It was therefore an obvious decision for them to embark upon the implementation of our their Quality Management System to ensure that they were able to consistently deliver the highest level of service, with the appropriate structure in place to do so.

Clover HR also offer a bespoke recruitment service, enabling them to find the right people to join your business.

“We are delighted to become Strategic Members of the Chamber of Commerce, we are really looking forward to meeting current Members and getting to know you all. It is really important to us to have a strong brand awareness and knowledge of how we can support SME’s achieve their goals.”

“Recruitment is just one of the great things Baxter Williams do which includes delivering a range of employee engagement programs. Having had considerable exposure to both national and international elite sports environments I recognise the importance of culture in creating high performing and productive teams. We also help with defining an organisation’s succession planning so that companies provide their staff with the opportunities to grow, develop and progress in their organisations and to significantly improve retention and productivity. In addition, we are often involved in the annual business planning process by creating robust people strategies to underpin planned growth. One of our key value adds is connecting our clients with each other where we see any potential synergy across their respective supply chains. We are delighted to join the Chamber as Strategic Members and welcome the opportunity to meet business leaders who want to attract and retain the best talent.”

BAXTER WILLIAMS “CONNECTING EXCEPTIONAL PEOPLE”

CASHFLOW FRIENDLY EMPLOYEE INCENTIVES – THE EMI SCHEME

Martin Adams, Tax Partner at Ballards LLP chartered accountants, shares his thoughts on EMI share incentives.

Both businesses and employees are facing pressure on their finances arising from the recent tax hikes and the high levels of inflation that we are all experiencing. Now is therefore a good time to consider staff incentive options that have minimal upfront cash outflow whilst providing potentially significant long-term rewards. This will help motivate and retain key members of your workforce. For companies these can take the form of share incentives where an employee is provided with either shares, or ‘options’ to acquire shares at a future date, normally on the occurrence of certain events or performance targets being achieved. A particular tax efficient way to provide share incentives is to issue options under the Enterprise Management Incentive (EMI) scheme. Don’t fear the word scheme as this is a government created arrangement that HMRC will provide confirmation of a company’s qualifying status, if requested (note however that not all trades qualify). Under the EMI scheme, share options are provided to employees giving them the right to acquire shares at a future date and at a predetermined price. The following key benefits arise from using this scheme:

Future growth in value of the shares is normally taxed on the employee only at the lower capital gains tax rates rather than income tax and possibly national insurance.

Business Asset Disposal Relief (10% tax rate) normally applies to the shares acquired through the EMI scheme when they are sold.

The company can be selective about who receives the options.

The criteria to exercise (when the employees can buy the shares) can be very flexible, including only being on a full company sale. For more information regarding the EMI scheme or other tax planning matters contact Martin Adams on 01905 794 504 or email martin.adams@ballardsllp.com.

Martin Adams

In need of additional funding to drive your business forward in 2022?

Do you have strong growth potential but limited trading history or lack of security and can’t get support from High Street lenders? Need funds between £15,000 and £50,000 (subject to business status) We are a Worcestershire based lender who have government legacy funds available for lending to businesses in the West Mercia Region (Worcestershire, Herefordshire, Shropshire & Telford & Wrekin)

For more information and the link to begin the application process, please visit our website.

www.impetus-marches.co.uk

email: lending @impetus-marches.co.uk MRRT Ltd, The Garden House, WR10 1PZ

Registered in England 05112041