The firm was founded in 2013, and recently acquired Kingsway Finance which made it one of the largest companies of its kind in the UK. 

The current staff of 30 people will move to their new premises, Ewood House on Walker Park in Blackburn. 

 

Mike Hartley, managing director at Praetura Asset Finance, said: "Haydock House has been a fantastic home for us over the last five years, but the business has expanded and is continuing to do so.

 

"2019 is going to be a huge year for us in terms of development and growth. We felt it was time to move to bespoke premises and are absolutely delighted to have found the perfect HQ for our business, in Ewood House at Walker Park."

 

David Hill, partner at Napthens, said: "Praetura’s expansion has been marked in recent years and the new HQ will allow for significant further expansion and a new phase of growth."

 

Source: Insider Media North West

 

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Moving into a new building is the perfect time to assess your current payroll system, specifically the way that you record employee attendance and their hours worked. 

 

Many companies, even in today’s high-tech world, still use weekly paper timesheets to record employee working hours. These have more downsides than they have advantages. 

 

For example, they are very easy for an unscrupulous employee to fake. If there is no way of monitoring their attendance apart from their own self-reporting, then they can easily put in overtime or prime time shifts that they didn’t actually do. 

 

Even an honest employee could forget exact details and fudge an entry. Inaccurate working hours could put you at risk of breaching the European Working Time Regulations.

 

Another example is the incredible amount of processing time that timesheets can cost payroll staff. They need to transfer often illegible handwriting individually onto Excel spreadsheets in order to convert it into data they can deal with for payroll. One typo could completely change an employee’s payslip for that month.

 

For accurate, trustworthy time recording, contact us today or book a demo. We’ll be happy to show you what our system can do.