Facebook - Shropshire Business Twitter - Shropshire Business LinkedIn - Shropshire Business

Businesses adapt to life under lockdown

Experts at a Shropshire accountancy firm say despite its difficulties, the Coronavirus lockdown has actually created new commercial opportunities for some of its clients.

Francesca Hutcheson, Tax Director at Dyke Yaxley Chartered Accountants, in Shrewsbury, said: “It is more important than ever to try to look for the positive ways in which businesses are getting to grips with the ‘new normal’ and the commercial opportunities it brings.

“For many businesses, coronavirus is by far the toughest problem they have ever had to face: customers are under lockdown, retail businesses have shut their doors, turnover has fallen away almost overnight and many employers have had to furlough large numbers of staff.

“But despite the current uncertainty, some companies are demonstrating high levels of business agility; looking for new routes to market, new opportunities and new ways of doing business with both new and existing customers.

“At Dyke Yaxley, we have seen a number of our clients in the hospitality sector moving to a delivery-only model, and corporate training providers have moved away from the physical classroom environment and are delivering their courses online.”

Mrs Hutcheson said the firm also had clients in the food manufacturing sector who were scaling up production to keep up with current demand, although they had needed to review the way their factories were run to make sure that they were operating in a safe, social-distancing environment.

“Businesses in the recycling, waste and green energy sectors are generally less susceptible to consumer trends. And in fact, one of our manufacturing clients has just received their biggest ever order to date from an overseas customer – although they won’t be able to ship the products until some of the lockdown restrictions start to be eased.

“Many companies are also using their skills and networks to help the NHS and frontline workers, including a digital marketing business designing a new platform to help firms to create Personal Protective Equipment.

“But one of the most positive things to come out of the Coronavirus crisis is the increase in collaboration between colleagues, clients and our other contacts. If the last five weeks have taught us anything, it is that we really are all in this together.”

Pictured: Francesca Hutcheson

Claims could be business lifeline

Firms may be missing out during pandemic crisis

25th March 2020

Century of success for accountancy firm

Customer service is key to ongoing development and growth

27th November 2019

Careful preparation is key

Businesses warned even stricter Coronavirus conditions will follow

20th March 2020

Support programme to help clients navigate pandemic

Accountants launch Survive, Adapt and Thrive campaign

5th May 2020

Marie achieves her lifetime ambition

Dyke Yaxley Chartered Accountants have a new MD

1st May 2019

Festive feet forward for charity fundraisers

12k of Christmas campaign kicks off

2nd December 2019

Staff Christmas parties could be good news

Celebrations could bring unexpected tax benefits

13th December 2019

Businesses asked for post lockdown advice

Marches LEP calls for companies to share best practice ideas

4th May 2020

Charities receive generous donations

Chartered accountants raise over £3,200 for good causes

30th May 2019

Keshia keeps deadline in sight

Taxpayers warned time is running out to file returns

17th January 2020

Law firm launches Covid-19 advice campaign

Experts compile FAQs received from local businesses

23rd April 2020

CORONAVIRUS: A helping hand for businesses during lockdown

Check out the latest entries on our bulletin board

18th March 2020

New aviation engineering programme set for take-off

Courses will meet urgent need for skilled engineers

5th April 2019

Expert online events to help businesses recover

Sessions will look to the future

8th May 2020

Manufacturers urged to catalogue impact of virus

Major survey launched to gauge impact of Covid-19

26th March 2020