Stuart Seddon: Making a positive impact is what defines us

  01 MAY, 2017      COMPANY UPDATES , CSR
Stuart Seddon: Making a positive impact is what defines us

Anyone who has come across the Novus Property Solutions name over the past two years will know that being a responsible business is at the core of who we are.
 
Yes, we’re a respected property maintenance and refurbishment company with more than 115 years’ experience, but that doesn’t define us. What defines us is the impact we have on people’s lives and the legacy we leave behind in the communities where we work.
 
This has been illustrated perfectly thanks to the incredible efforts of a team of Novus employees, who recently undertook a two-week refurbishment of the Busy Bees Nursery in the Parkwood area of Cape Town. The project has brought into sharp focus the impact that companies like Novus can have not just in the UK, but across the world.
 
The opportunity came about through our relationship with Stoke-on-Trent College and is something that will live with everyone involved for the rest of their lives.
 
Due to budget constraints, the nursery hadn’t experienced any form of maintenance or refurbishment in years. The facility looked tired and in some areas, very dangerous. However, our team ensured that the whole building received essential repairs, key areas were painted and rain protection was constructed in certain areas of the playground.

The community came together and were quick to show their appreciation for the team’s efforts in delivering a transformation that means the children now have a vibrant, colourful and safe environment in which to learn.
 
Not only do activities like this impact on communities, but they can also have lasting effects on the staff involved. The Novus staff involved soon developed a robust team ethic, as they were each challenged mentally and physically. It’s this approach to giving our staff life-changing opportunities that has seen us shortlisted for the Employer of the Year category at the forthcoming Construction News Awards 2015.
 
This recognition, along with our title as Santander Responsible Small Business of the Year last year, is proof that giving back to communities and your staff can have a hugely positive impact on your business.
 
If you haven’t considered how your business impacts on the community, there’s never been a better time to start. 

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Welcome announcements from the Budget

WELCOME ANNOUNCEMENTS FROM THE BUDGET

In light of the Brexit challenge and the deficit, big changes to the UK’s taxation system were not expected. That said, there have been a number of announcements that will be welcomed by working people, businesses and the construction industry. First, the increase in the personal allowance and higher rate bands to £12,500 and £50,000 respectively have been brought forward to April 2019. Combined with the increase in the Living Wage, this will give millions of people a boost to their net income just as the UK leaves the EU, providing a degree of stimulus to consumer spending power. Second, the two year increase in the Annual Investment Allowance as of 2019 from £200,000 to £1m per annum will encourage people to invest in fixed assets. This will reduce their tax bill by allowing 100% writing down allowances in the year of purchase on the additional £800k. Third, there’s finally a tax incentive to invest in new non-residential property with the announcement of a new structures and buildings allowance. This will allow a 2% per annum writing down allowance for non-residential construction contracted on or after the 29th October.   For Novus, this means we’ll be looking at further fixed asset investments to drive productivity. We’ll also be speaking to our clients to ensure they’re aware of the opportunity to get tax relief on non-residential property construction. In addition, the personal allowance increase will reward our hard working staff with more post tax income, which is great news.   Neil Washington, Novus Finance Director