The company hopes to build on its raising and refinancing of debt in order to advance their funding structure and supporting their growth into 2019c and beyond. 

 

Matt Blake, director of treasury at Together, said:

 

"2018 has been another great year for the treasury team at Together, raising and refinancing almost £3bn along with adding further diversity and depth of maturity to our funding lines. In doing so, the team have supported the business in reaching record lending levels and growing the loan book to in excess of £3bn.

 

"We have also added some really great talent and experience to the team, helping us to deliver a record number of transactions over the year.

 

"The success of our fundraising efforts in a backdrop of economic uncertainty is a great tribute to our robust and proven business model."

 

Source: Insider Media – North West

 

_____________

 

 

A major increase in staff numbers, such as Together has experienced, can cause unforeseen problems for staff performing HR, admin and accounts job roles if the company’s method of recording time worked has not been updated. 

 

For example, it is very easy for staff to fill in paper timesheets incorrectly. Sometimes this can be deliberate time fraud, but sometimes it is just new staff getting confused, or people forgetting to fill in their timesheets until a week later, by which time they’ve forgotten their exact shift details and are likely to just fudge it. 

 

Even if the details are all correct, most paper timesheets must then be manually transferred to a database (usually an Excel spreadsheet) before being sent to payroll software. 

 

There are many opportunities for human error to kick in during this time-consuming process – e.g. making an unrecognised typo in entering, or misreading employee’s handwriting (1 or 7? O or 0 or D?). This can result in incorrect payslips, 

 

Incorrect data can also foul up HR tasks too, making it much more difficult to spot issues like adherence to the Working Time Directive or someone taking three 30 minute breaks plus lunch.

 

At Time and Attendance North West, we offer specialised attendance management software which can work either with smartcards or with biometrics.