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Notts County Foundation appoint two new trustees to board
Local charity Notts County Foundation has appointed Jordan Worthington and Meena Hanspal to its board of trustees.
Jordan, who was recently promoted to head of commercial at Notts County Football Club, joins having been a key member of staff at the club since 2018, having previously spent over 10 years working at Nottingham Forest covering roles in marketing, public relations, and ticketing.
Jordan said: “I have always had a great appreciation for the work the Foundation have provided for the local community throughout the vast array of programmes that are facilitated throughout the year.
“Looking from the outside in, I can see the fantastic progression that is being made and I’m delighted that I can now become further involved in the charity that I, and fellow supporters, have strong ties with.
“Within my newfound role as a trustee, I am committed to further strengthening the link with Notts County Football Club and forging collaborations with Notts County Foundation partners.”
The charity’s second appointment is Meena Hanspal, who has worked within the financial sector for over twenty years, taking up roles within human resources and fraud investigation. In search of a new career direction, Meena launched her own small business ‘The Vegetarian Rasoi’, using local produce and suppliers with a core ethos around sustainability and zero waste in 2017.
Quoting her passion for serving local charities and community groups, Meena is also a trustee with Her Lohri, an organisation that supports women and girls that have been subject to abuse or abandonment. Meena also operates as volunteer coordinator at Guru Nanak’s Mission, an organisation that provides hot meals and food parcels to the homeless and vulnerable families in Nottingham.
Meena said: “I am excited to have joined the Foundation as a community trustee. I’ve seen what a difference it makes when communities rally and work together as one. The Foundation provide an excellent vehicle for this to happen, and I want to help utilise my experience to support, educate and inspire as many people as possible within the community.”
Sam Crawford, head of business development at Notts County Foundation, said: “We are so pleased to welcome Jordan and Meena to the board of trustees. Jordan’s strategic operational knowledge and his key understanding of the football industry, as well as Meena’s valuable experience in working within the local community, will be a huge asset to the board. I look forward to working collaboratively with both of them to make further progress for Notts County Foundation.”
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Corporate insolvency figures continue to soar
The chair of the Midlands branch of insolvency and restructuring trade body R3 is urging directors of the region’s businesses to seek advice if they are worried about their businesses, as corporate insolvency figures continue to soar compared to this time last year.
Figures published by the government’s Insolvency Service show that the number of companies entering insolvency decreased by 3.2% in February to a total of 1,515 compared to January’s total of 1,565. However, administrations increased to a 15-month high and overall levels of corporate insolvencies increased by 121.2% compared to February 2021’s figure of 685.
R3 Midlands chair Eddie Williams, a partner at PwC in the East Midlands, said: “The increase in administrations suggests that there are several insolvent businesses which still have some prospect of rescue, given this is one of the main statutory purposes of the administration process.
“Wherever possible, the insolvency profession will work to secure the rescue of businesses in administration to help ensure better outcomes for the company, its staff and its creditors.
“It is notable, however, that despite the month-on month-decline in corporate insolvencies, the Insolvency Service statistics show a marked year-on-year increase and highlight that corporate insolvency has returned to its higher pre-pandemic levels. The February figure of 1,515 is 12.6% higher than in February 2020, when corporate insolvencies totalled 1,346.
“It is evident that the ending of the peak of the pandemic and the lifting of the final set of restrictions has not led to the shot in the arm the business community had hoped for. Although the economy grew in January and firms benefited from restrictions ending in February, it took time for footfall to increase, and it will take a while before anything resembling normality returns.
“Consumer spending has declined and, here in the Midlands, consumer confidence is low as people are concerned about the economy and their own financial position. Inflation is now a real problem for local firms and individuals alike. This situation is unlikely to improve anytime soon given the impact current geopolitical events will have on energy costs.
“In addition to this, the restrictions on using winding-up petitions are coming to an end later this month – something which could see an increase in creditors turning to legal action to recover unpaid debts.
“Now is the time for directors to be alert to the signs of financial distress and to take the necessary action. We know conversations about finances are some of the hardest to have but speaking up about concerns at an early stage typically leads to a better outcome than holding back until the problem worsens.”