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Crawley businesses urged to keep empty buildings and offices safe during COVID-19

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West Sussex Fire & Rescue Service (WSFRS) is urging Crawley business owners to undertake some simple checks on their buildings to ensure they remain safe during the coronavirus outbreak.

More business premises will be left unoccupied following the Prime Minister’s announcement on Monday (23 March) which saw all non-essential businesses told to close to help prevent the spread of COVID-19.

Adrian Murphy, Area Manager for Protection at WSFRS, said:

“During such uncertain times, it is vital that we all continue to follow the government’s guidance on social distancing to ensure we do not put ourselves or others at risk.

“But there are some simple checks that all premises owners should consider carrying out to ensure their businesses remain secure and not at risk of fire. They should take no longer than five minutes to complete but they have the potential to save a business during already tough times.

“These have the potential to avert further risk, which in turn will help reduce demand on the fire service at this difficult time.”

Some business fire safety checks to carry out include:

  • Check all fire alarms are working.
  • Turn all electrical appliances off and unplugged if possible.
  • Close all internal doors as well as external. This way if a fire breaks out it will stay contained to that room for longer and prevent further damage/loss.
  • Dispose of your waste properly.

If you’re a business owner or employer and would like more information, or have any queries or concerns about fire safety at your premises, please contact: businessfiresafety@westsussex.gov.uk.

For more business fire safety advice visit, https://bit.ly/businessfiresafety.

Business

Coronavirus: Crawley businesses urged to check type of loan before borrowing

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Small business owners have been urged to check the type of loan they are signing up to before borrowing against their personal assets, as many have unnecessarily secured personal assets to the future of their business.

Despite the government offering to guarantee interest-free and charge-free loans, which are to be offered by as many as 40 of Britain’s biggest lenders, some banks continue to offer business owners their standard, and more expensive commercial loans, which are secured against their personal property.

Although some banks have said they will stop demanding personal assets, such as property or savings as collateral, the question still remains whether those that have already signed up for this financial help will be able to uncouple their hard-earned assets.

Oliver King, an associate solicitor in corporate law at Langleys Solicitors, said:

“Businesses that quickly found themselves in trouble, due to the current economic situation, may have already taken out loans, and have been obliged to provide additional security and personal guarantees by lenders, which could come back to bite them at a later date.

“Following pressure from the Institute of Directors to stop this practice, we urge the banks that have taken personal guarantees to do the honourable thing and waive the guarantees, rather than punish already hard-pressed SMEs.

“This would need to be a voluntary act by the banks, and one that continues on the current wave of goodwill we have seen in recent weeks, to avoid punishing SMEs further down the line.

“It remains to be seen whether, as the Treasury has indicated they expect, all of the lenders on the scheme to drop the requirement or not.

“There have also been calls for a similar scheme to be opened up to smaller, challenger banks that specialise in lending to SMEs, making them agile enough to make swift decisions, something which is certainly required in the present climate. As well as separate calls to open up the Coronavirus Business Interruption Loan Scheme (CBILS) to all businesses with turnover of less than £45m, as opposed to just those businesses that cannot access other loans.”

“It is essential that any small business looking to benefit from the government’s support programme looks into the details of the loan scheme being offered by any lender, extremely carefully. If directors are in any doubt then they should take immediate legal advice on the implications of the terms being offered to them.

Greater adoption of video call facilities

“Further to this, we may see a development in the way high street banks deal with legal advice. Any individual providing security or a guarantee on behalf of a third party, must obtain independent legal advice on the form, content and effect before proceeding. This absolute requirement is almost never waived, and is done to ensure that the guarantor is under no undue influence or duress to provide the guarantee.

“Previously at high street lenders this has been obliged to be done via a face-to-face meeting. However, in recent years, challenger banks and forward-thinking lenders have permitted this advice to be provided via a video conference call, something which the larger, high street banks have not yet adopted. Although I expect high street banks to miraculously now realise that this can be carried out over the telephone or on a video call and update their practices.”

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