Most companies understand the need to protect their physical assets such as insuring premises or inventory. But an increasing number also
see the need to look after their most important asset - their people.
Many small and medium sized businesses rely on certain key people and also appreciate the implications of recruitment and retention of staff. Replacing staff is a costly and time consuming exercise whereas a stable workforce makes for a stable company.
In terms of financial planning for businesses we advise micro, small and medium sized businesses on employee benefit areas such as staff pensions, death in service and flexible benefit arrangements. We understand that it is important to reward staff with a level of added or flexible benefits that encourages loyalty and engagement, whilst remaining cost-effective for you as an employer.
As a small company or partnership it is also important that you are protected against the loss of key individuals or fellow directors and we can look at a range of solutions to cover for the loss or critical illness of key personnel or director/shareholders.
"The team at Beckford James went to great lengths to understand our business through a thorough initial research and review process. This inspired confidence and trust from the outset. In follow up the advisers presented clear discussions for structuring the business efficiently from areas such as business protection and how to structure this correctly in conjunction with our legal advisers, to pension and employee benefits in relation to Auto-Enrolment, to detailed work such as advice on individual investment structuring within Directors' pension arrangements. The process allowed us to focus on priorities and the implementation was managed efficiently in building an effective ongoing relationship with trusted business advisers."
B. Evans, MD FleetMilne (Birmingham) Limited