FRP Advisory, Brentwood, raise more than £14.5k for charity

The Brentwood office of FRP Advisory, recently held its biggest-ever fundraising campaign – a charity triathlon, inviting members of the business community to take part.

The event, which attracted over 140 competitors, comprised of a 400m open-water swim, followed by a 20km bike ride and a 5km run.

p1Gener8 Finance, who co-sponsored the event, put in a team and came in a creditable 9th out of 38.

“It was great to be able to support our friends at FRP Advisory in raising money for such a wonderful cause. We are a sporty bunch at Gener8 generally and so it was a pleasure to be able to enjoy some good-natured competition in great company. I was also pleasantly surprised at our team’s finishing position!” Paul Stokes. Gener8 Finance Managing Director.

The event itself was a huge success “The response was phenomenal, we couldn’t be more pleased,” said Glyn Mummery of FRP: “We set ourselves a target of raising £10,000 for Little Havens Childrens Hospice and thanks to the support of the business community and sponsors, which included Gener8 Finance Ltd, we’ve exceeded that target, reaching £14,581.09 so far.”

Our aim now is to make it a permanent fixture in the corporate calendar and from the feedback we’ve had, we know it will be bigger and better next year.”

Pictured right, the Little Havens resident Pooh Bear holds the cheque presented
IMG_3737 (2)by FRP Advisory. Little Havens will use the money to provide respite breaks, symptom control and end-of-life care to youngsters not expected to reach adulthood because of a life-limiting or life-threatening condition. www.havenshospices.org.uk .

The Gener8 team would like to congratulate FRP Advisory on organising such an enjoyable event, and to thank Little Havens Hospice for the fantastic work that they do.

HMRC announces mandatory changes to ‘Time to Pay’ arrangements

HMRC have announced that from 3rd August 2015, it will be mandatory for all Time to Pay (TTP) arrangements to be collected by direct debit.

HMRC_logoTTP arrangements allow selected businesses, who cannot pay their tax bill on the due date, to pay the balance in instalments, over a period that they can afford, ultimately helping many businesses cope with short term cash-flow problems. Arrangements are tailored to the ability of the customer to pay and are typically for a few months, although can be longer. The granting of TTPs are decided selectively, on a case by case basis, by HMRC.

As part of a review of the service, HMRC are now insisting that all new TTP instalments are paid by Direct Debit, stating the following reasons:

  • Direct Debit is a more cost effective and secure method of payment.
  • It removes the chance that the customer will forget to make payment.
  • Payments are more likely to be correctly allocated by HMRC.
  • Reduces the need for subsequent customer contact, saving time for the customer and HMRC.
  • Direct Debit scheme includes a guarantee to protect the customer.

For those business not able to make payments by Direct Debit facilities, i.e where a bank account will not allow it, then other payment methods may be agreed upon with HMRC, on an exceptional basis.

Existing TTP agreements will not be affected by the new changes.

For further guidance, and for more details on TTP arrangements, please visit www.gov.uk/difficulties-paying-hmrc .

Gener8 Finance announced as finalists for the Insolvency & Rescue Awards 2015

We are very pleased to announce that Gener8 has been shortlisted as a finalist for the Insolvency & Rescue Awards, in the Asset and Invoice Finance Provider of the Year category.

I&R 2015 Finalist - Asset and Invoice Finance Provider of the YearNow in its eighth year, the I&R Awards (www.insolvencyandrescueawards.co.uk), provide a forum to recognise the achievements of firms and individuals working within a challenging sector in today’s economy.

A panel of over 20 expert judges, including representatives from the Insolvency Practitioners Association (IPA), the Institute of Chartered Accountants in England & Wales (ICAEW), Credit Today and Insolvency News amongst others will decide the winners. We will find out how we got on in our category at the awards ceremony on 21st October 2015 at the Hilton Park Lane Hotel in London.

Paul Stokes, Gener8’s Managing Director has stated: “We are very excited to have been included in the judges’ shortlist for the Asset and Invoice Finance Provider of the Year at the 2015 Insolvency and Rescue Awards. This reflects our commitment to working closely with the insolvency and turnaround profession to help businesses that are facing financial difficulties for a wide variety of reasons.

We are proud of our successful track record of providing flexible and innovative funding solutions, to business owners that need help in difficult circumstances.”

The Gener8 team would like to thank the judging panel for selecting us as finalists. We are very much looking forward to the awards ceremony, and wish all the other entrants good luck for the finals.

Racing to Gener8 some cash!

Paul Stokes training for the L'Etape Du Tour

Paul Stokes training for the L’Etape Du Tour

Gener8 Finance’s newly appointed Managing Director, Paul Stokes, is set to race in the 23rd edition of L’Etape Du Tour, on July 19th 2015 in the French Alps, in aid of charities; Help Harry Help Others and the Teenage Cancer Trust.

L’Etape Du Tour was established in 1993 to allow amateur cyclists, such as Paul, to test their legs on the route of one of the mountain stages of the Tour de France. This year’s 148 km course involves over 4000 vertical metres of climbing in anticipated temperatures of 30 degrees – an incredibly difficult challenge.

Beginning in Saint-Jean-de-Maurienne, the route will take Paul through many scenic locations, not that he will have much chance to take in the views, as he cycles up 4 legendary Tour De France climbs – Col Du Chaussy, Col De La Croix De Fer, Col Du Mollard, and finishing at Ta Toussuire.

When asked why he wanted to do the tour, Paul commented,“I have always loved watching the Tour De France, but the last bike I actually owned was a Raleigh Chopper back in the 1980s. The set-in of middle-aged spread sparked me into action and I saw taking part in a Tour De France stage as the ultimate inspiration to commit to a serious training regime.”

To prepare for the 142 kilometer stage, Paul has been training 5 days a week, with the help of cycle coach Tim Ramsden of Black Cat Cycling. Using a combination of high intensity indoor training and longer outdoor rides, Paul’s training stats include:

  • Losing over 2 stones in weight, burning in excess of 97,360 calories.
  • Over half a million pedal revolutions on the indoor Wattbike trainer.
  • 3800 + training miles

Having recently been out to France on a training ride, he is fairly confident that he has done sufficient training to get the job done.

Paul was keen to use a challenge of this magnitude to raise funds for charity. He asked his 2 boys Dylan (13) and Reece (10) to select the charities they wanted their dad to support. Paul says “I am proud of my boys that they chose Paul Stokes in training for the Tour De France mountain stagesnot 1 but 2 amazing causes for me to raise money for – Help Harry Help Others (www.hhho.org.uk), and Teenage Cancer Trust (www.teenagecancertrust.org)”.

Help Harry Help Others was started by the incredibly brave Harry Moseley, a young lad from Birmingham. Whilst battling an inoperable brain tumour himself, Harry was inspired to make a difference to all people with brain cancer, by raising money and awareness, making and selling his world-famous bracelets and organising nearly 100 events. Tragically, Harry died in 2011, aged just 11, but his legacy lives on and Paul is looking to raise as much money as possible in his memory.

Similarly, Stephen Sutton was an incredibly heroic young man who, before he died from cancer at just 19, raised millions for Teenage Cancer Trust. Famous for his indomitable spirit, characterised by his trademark “thumbs up”, Stephen’s bucket list of 46 things that he wanted to do before he died touched the nation.

Paul says about the charities “both Stephen Sutton and Harry Moseley were 2 very brave lads, and when I am having a tough time in training, their stories put everything into perspective and give me all the inspiration I need to keep going”.

Paul Stokes from Gener8 FinanceWith such a large challenge ahead, Paul has been supported by British bike designer and supplier, 2X2 Worldwide Limited (www.2x2worldwide.com), the Warwickshire based supplier of the Roux range of road bikes. In addition to the Roux range, 2X2 also design and supply Land Rover branded bikes. Paul is proud to be flying the flag in France, riding a British bike brand.

Paul will be using Make A Donation (make-a-donation.org) to collect sponsorship money. Make A Donation is an on-line charity donation website that passes 100% of sponsorship money to charities with no fees, commissions or deductions made from funds raised whatsoever. Paul comments, “using Make a Donation makes complete sense – not only do my chosen charities bank every penny donated, the people who donate also receive rewards as a thank you for their generosity. It’s a complete win-win”.

If you would also like to support Paul and his chosen charities, please visit http://www.make-a-donation.org/fundraisers/paul-stokes to make a donation. Alternatively, if you would like to learn more about how you can support Paul’s challenge or find out more, call 07557 303333.