Coronavirus

Blogs

Coronavirus: Regulators

There have been a number of recent announcements by both regulators since the Coronavirus outbreak. We include a summary of some of the main headlines

Read More »

Coronavirus: Data Security

At the current time everyone is struggling to cope with the Covid-19 pandemic.  There are limited goods, greater anxiety, restrictions on movement and an increase

Read More »

Coronavirus: Government Support

On Friday 20 March 2020 the Chancellor announced the UK Government’s latest measures to financially support businesses and employers affected by economic turmoil resulting from

Read More »

Alexander Sloan Action

The spread of the COVID-19 coronavirus continues to dominate the news, with major implications for public health and the NHS. We are monitoring developments closely and have also put in place sensible measures to ensure that Alexander Sloan is well prepared.

We want to reassure you that in respect of the spread of COVID-19 outbreak we are focused on two things: the health and welfare of both our clients and staff, and our ability to continue to support clients in all scenarios. We are therefore writing to share with you some of the specific actions that we have taken. 

Operational Resilience

As I’m sure is the case at your business, Alexander Sloan has invested in technology and infrastructure to ensure that the business is both robust and adaptable to be able to cope with significant and potentially disruptive events. Our staff have the ability to work from home and can remotely access our systems within a secure IT environment. Our telephone lines have also been redirected to our mobile phones.

Employee and client safety

The health, safety and well-being of our staff and clients is of paramount importance to us. We are therefore closely monitoring and implementing official guidelines from the Government and health organisations in respect of COVID-19. Specific actions taken include:

  • Working from home
  • We have asked staff to reduce business and personal travel to a minimum. We are using telephone and videoconferencing to communicate with clients. In the current circumstances, we believe that facilitating meetings by telephone or video conference is best practice.

With all businesses in the UK facing the same uncertainty, supporting our clients is our core priority. Our team is ready to provide you with quick and up to date advice on all your Banking, Working Capital, Cashflow, Tax, and payroll queries and concerns.

We have outlined below details on the current supports available to businesses, useful Government guidelines and other areas of consideration. We will continue to closely monitor developments as they emerge and keep you updated.

Business Continuity

Ensuring your business and employees are operational during these unprecedented times requires careful planning and having a response team who is ready to make quick and sometimes difficult decisions.

In line with our own Business Continuity Plan we have initiated protocols to maintain continuity on service delivery to our clients while safeguarding the health and safety of our staff. This includes our employees carrying out their work from home locations. We will continue to monitor Government guidelines in this regard. If you need advice with your contingency planning, please contact us.

Cashflow and Projections

Cashflow will inevitably be an issue for all businesses in the coming weeks. It is vital that you monitor cashflow, plan and are prepared for reductions in cash inflows. Make sure that you have a cash flow projection that can be tested for various scenarios.

If you need our help with cash flow reviews and projections, please let us know and we will be happy to assist.

These are truly unprecedented times and Alexander Sloan is here to help you. We are at the other end of the telephone on 0141 204 8989 / 0131 228 7979 or feel free to email your usual contact at the firm when you need us.