Industry News
Gardner and Scardifield celebrates 100 years! G
ardner and Scardifield, the Sussex-based group of builders merchants, electrical wholesalers and diy suppliers, celebrated its 100 year anniversary with a free celebratory community event in July on Lancing Beach Green in West Sussex. Live music played throughout the day, with entertainment and activities taking place, as well as a funfair for all the children. An estimated 4,000 people
attended throughout the day, with the final total raised for charity an amazing £11,000 Gardner and Scardifield was founded in Lancing in 1922, and in 2022 is still based in the same town. While this was a celebration of the first 100 years, the business is looking forward to how it can adapt and innovate to be better and more sustainable. Nick Neale, managing director said: “While we have grown in size over the decades, we have kept the same commitment to our local community and providing great customer service while building long term customer relationships. Upon hitting 100 years, we wanted to celebrate the milestone for Gardner and Scardifield but also to celebrate Lancing and our wider community.”
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The day wouldn’t have happened without sponsors Aico, Stanley Tools, Faithfull Tools, Stoneplus and Bell Lighting.
A third of UK SMEs could fold without funding, says study
One in three UK small and medium enterprises (SMEs) say their survival is dependent on accessing finance by the end of the year, new research from NerdWallet has revealed.
A survey of 500 senior decision-makers within UK SMEs found that 33% fear their business will collapse if they are unable to access finance (such as a loan or credit) by the end of 2022. A similar number (32%) do not have a financial plan in place to sustain operations over the next 12 months.
The research also found that securing finance has become more difficult in the eyes of many business leaders. Over two fifths (41%) of SMEs said finance has become less accessible than it was a year ago. Connor Campbell, a finance expert from NerdWallet, said: “SMEs must not feel disheartened. While they may feel as though traditional banks are less willing to lend money, there are still a lot of alternative options available for them to consider. Peer-to-peer loans, invoice financing, and equipment financing are all potential options that can provide vital resource to keep operations running. The key… is to remain flexible and open minded.”
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