When you’re in need of a precision machining specialist, but the marketplace is crowded with many competitors from which to choose, it can be challenging to know which will best suit your business’ needs. From large multinational companies to small, family-run enterprises, there is an assortment of precision engineering businesses offering similar services.
The impending corporation tax hike from 19% to 25% for businesses reporting profits of £250K or more was one of the less welcome changes brought in by the 2021 budget and met with a mixed response from the business community. The changes come into effect from April 2023, with corporation tax being applied on a sliding scale, from 19% on small businesses filing £50,000 or less in annual profits, to the full 25% on everything in excess of £250,000. Many businesses were critical of the move because, like many tax increases, the bulk of the burden is likely to fall on successful SMEs rather than large corporations, with the risk of the 6% hike deterring investment in growth at a time when it is sorely needed.
In a previous article, we speculated on trends that may play a greater role in the manufacturing industry throughout 2021 and beyond. These included a greater emphasis on workplace safety, increased adoption of automation and machine monitoring, and greater engagement with the Internet of Things in response to remote working and flexible shift patterns.
2020 was a year of great uncertainty for the UK’s manufacturing sector, but the year proved that the sector will prevail, with businesses becoming increasingly accustomed to finding workarounds to obstacles and prioritising collaboration over competition. So, in 2021, what will be the main manufacturing trends to look out for?
I was so thrilled when Andrea contacted me and offered me the opportunity to join Hone-All.
Due to Hone-All being one of our valued suppliers as well as a competitor, I had visited previously and had been impressed with the processes and procedures on show. So much so, I did try and emulate and implement some in my previous company but didn’t really have the time to complete them before the decision was made to close us.
There is a great saying – if you always do what you always did, you’ll always get what you always got! It is a phrase we use often when those who are not technically qualified, or as experienced in machining, as others throw a wild or mad idea into the mix when brainstorming or problem solving.
The Corona virus crisis has highlighted how important it is for us all to work together - albeit at a distance. In British manufacturing, this has meant pooling our collective knowledge and resources across hundreds of miles and awkward, rolling restrictions on movement to create the best possible response to the biomedical engineering challenges created by the pandemic. Complex, vital machines, such as ventilators, brought together experts from sectors as varied as precision automotive engineering and clinically rated metal finishing in response the call to action from the Government and the need of the whole population.
This is a company that was set up for UK manufacturers to come together, to innovate as allies and to build networks closer to home.
And we are loving their new term for our wonderful engineering and manufacturing heroes – collaborationeers!
How perfectly this describes us all after the events and amazing achievements we’ve witnessed across the widest range of businesses and industries in response to the Covid-19 crisis.
For the last few months, we have been enjoying and applauding this new ethos of collaboration over competition - and this fabulous concept gives us the platform to harness the recent enthusiasm and recognition for UK manufacturers and manufacturing across the UK.
Are you concerned about the practicalities of re-opening or continuing to trade safely after lockdown? If you’re feeling bewildered about the dates, the regulations, and the potential impact that everything will have on your business, you’re not alone.
Many of us take a mental inventory of the year just gone as we count down the minutes to the New Year, and at Hone All we are lucky to have had numerous favourite moments to choose from last year.