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King's Lynn finance experts raise Christmas glass to hospitality sector and good business health

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The tree is up, the decorations hung and Christmas music seems to be on constant rotation, wherever I go.

For retail clients, it’s one of the busiest moments in the year and, while others are clearing their desks and wrapping things up, I think there are few among us who aren’t looking to finally scheduling an ‘out of office’ notification and taking a well-earned break.

For those who are working throughout the festive period, particularly those in the hospitality sector, we raise a glass to wish you a well-supported season.

Michael Moore of CCF.
Michael Moore of CCF.

2021 has been an unpredictable business year and, after an early lockdown which created a false start for some, the leisure and tourism enjoyed a bumper season with many reporting unprecedented levels of staycationers seeking a getaway in our county.

The festive period will see even more holidaymakers head for Norfolk and the sector seems to have discovered a new, year-round pattern of business which has been a most welcome gift after a tumultuous 2020.

One of the sector’s biggest challenges to meet this demand has been recruitment, particularly as last year’s lockdowns prompted some to switch career, and this has driven up staffing costs across this and many other industries.

The challenge looks set to continue into 2022, and ensuring that your business is an appealing workplace which supports its employees will go far to ensure that HR issues don’t disrupt your business’ service delivery.

Construction too is busier than ever with growing investment in property. The sector has experienced real challenges to the supply and rising cost of materials, and we recently wrote about how companies can better manage these aspects of their business at our website, ccf.finance.

Finding and financing development opportunities to achieve profitable projects is a growing problem, and we are excited to be sponsoring The Developers Network Cambridge from January, a group which helps first-time and established property investors to maximise their development business. If you are interested in coming along, please get in touch.

It’s a truism that business never stops, and while Christmas and New Year are a moment to relax with friends and family, stepping away from your desk is also a great opportunity to reflect on the business year that has been and to spend some time planning for the next 12 months. 2022 will undoubtedly bring fresh challenges, so think ahead and consider what these may be for your company and how you can best anticipate and navigate these, before they disrupt your business activity.

A little like shopping for last-minute presents on Christmas Eve, when shelves are empty, shop workers stretched and the clock ticking, a business which lurches from one problem to the next will fare far worse than one which is prepared and looking forward.

Allow yourself to feel a little smug in mapping the year ahead and starting the New Year with plenty of energy – consider it a gift from our business to yours!

To register for The Developers Network Cambridge’s January meeting and for more information, contact Michael Moore at Complete Commercial Finance on 01553 611619 or visit ccf.finance

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