Following the Supreme Court decision in June 2020 that Visa and Mastercard’s multilateral interchange fees (MIFs) were restrictive of competition, Purchase Direct and chartered accountants UHY Hacker Young have joined forces with Freeths LLP to create an insurance backed scheme for eligible retailers to seek compensation for credit and debit card interchange overcharging.
Mobile users are being defrauded of £millions using SIM swap fraud. SIM swapping provides a way for cybercriminals to gain access your personal data and accounts by hijacking your mobile phone number and having your calls go to a SIM in another device.
Purchase Direct is celebrating its 25th Birthday this year having been in business since August 1995. Back then, most businesses still used BT for their telecom, their local electricity company, British Gas for gas and mobile phones were quite a bit bigger.
There has been a consistent increase in card terminals being stolen from car dealerships to perform refund frauds. It has been reported that criminals are entering dealerships, distracting the salesperson and taking the PDQ terminal to process refunds.
Credit card firms could face significant damages running into billions of pounds in claims after the Supreme Court dismissed an appeal by Visa and MasterCard, in favour of the UK’s biggest supermarket chains; ruling that fees the credit card companies were charging retailers restricted competition.
The team at Purchase Direct have been providing critical support to GP Surgeries by procuring essential PPE for the fight against the COVID-19 pandemic.
Whilst Purchase Direct is prioritising everyone’s wellbeing, including our staff, customers and suppliers, we’re still working remotely from the safety of our homes.
Oil prices slumped 30% upon opening on Monday 9th March – the biggest one-day % fall since the 1991 Gulf War. A slight upturn followed, with oil markets settling at a 25% drop for the day.
Following the outbreak of the Coronavirus in China oil prices hit lows of $53, the lowest levels in 12 months, following a 20% drop in the market. This drop in the oil price fuelled the bearish (downward) sentiments in Gas and Electric markets.
TrustFord has again been acknowledged for the 5th consecutive year, for its commitment to environmental best practice in The Green World Awards 2019.
Purchase Direct recently supported The Outside Project, the UK’s first LGBTIQ+ Crisis/Homeless Shelter and Community Centre, by raising a total of £2,244.52 for the charity.
O2 has switched on its 5G network, the last of the UK’s mobile operators to do so. The network will initially be available in five cities for O2 customers – Belfast, Cardiff, Edinburgh, Leeds and London – followed by a further 20 towns and cities before the end of the year.
Following the drone attacks at the weekend in Saudi Arabia on their largest oil processing plants, oil prices initially surged 20% at the start of trading on Monday with the Brent Crude benchmark seeing its biggest jump in about 30 years.
The compliance notification deadline for ESOS Phase 2 is rapidly approaching. ESOS is a mandatory energy assessment scheme for organisations in the UK that meet the qualification criteria and non-compliance could result in fines of up to £90,000
We were delighted to raise the grand total of £3,472.14 recently in support of Essex & Herts Air Ambulance and London’s Air Ambulance.
The Climate Change Levy (CCL) is the government’s environmental tax on commercial energy consumption, charged in pence per kWh by the energy supplier.
In June 2017 mobile roaming charges in EU countries were abolished and mobile phone users have since been able to use their minutes, texts and data on their mobile phone tariffs when travelling in most EU countries
Streamlined Energy and Carbon Reporting (SECR) will come into effect from 1st April 2019.
We were delighted to raise funds to support our local community in November and recently donated £2,473 to Pinewood School, a state special school in Ware for children aged 11 to 16.
Purchase Direct recently attended ‘Management in Practice’, a series of events across four major cities for practice Managers, GPs and those involved in primary care business management.
Is your business prepared for Phase 2 of ESOS (the Energy Savings Opportunity Scheme) which began on 6th December 2015? Companies with more than 250 members of staff or with a turnover in excess of €50M and balance sheet in excess of €43M must comply by 5th December 2019.
The deadline for Phase 1 of the Energy Savings Opportunity Scheme (ESOS) was 5th December 2015. Companies that failed to comply may have thought they had avoided any penalties.
BT has announced its plan to completely shut down the ISDN network by 2025 so it is only a matter of time before businesses must upgrade their telecommunications and plan their move to SIP.
Purchase Direct has been shortlisted for two major energy awards as a result of our successful energy procurement, contract management and energy management consultancy services.
We were delighted to donate £2,112 to Herts Young Homeless, an independent charity supporting vulnerable people in Hertfordshire since 1998.
The Payment Services Directive (PSD2) will make it illegal for any business to charge extra for using a debit or credit card in the EU.
Purchase Direct has committed to make a fixed charitable donation each month to Save the Children and it’s the hard work from all our staff which enables us to make this contribution in the first place.
TrustFord’s commitment to reducing their environmental impact, year on year, has been recognised by The Green Organisation for the fourth consecutive year; winning the annual Green Apple Award for Environmental Best Practice.
Despite Brexit, Phase 2 of ESOS began on 6th December 2015. As with Phase 1, this is a four year phase and compliance must be notified by 5th December 2019. In their June ESOS newsletter, the Environment Agency (the scheme administrator) have confirmed that Phase 2 has begun and have recommended getting started on auditing for compliance now.
Mobile roaming charges in EU countries come to an end on 15 June 2017 but we still advise caution due to the possible application of fair use charges and the exclusion of certain European countries and Crown Dependencies, such as the Channel Islands, on some mobile tariffs from different networks.
Purchase Direct has been shortlisted for two major energy awards on the back of our successful energy procurement, contract management and energy management consultancy services.
Forthcoming water deregulation could deliver benefits for English businesses. Improved customer service, efficiencies of having one supplier and some reduction in costs with higher discounts expected in a few years’ time are among the gains to be had once the water sector is deregulated in England from April 2017 (Wales and Northern Ireland will remain unchanged).
New EU rules on debit card transactions, which came into force on 1 September, penalise automotive retailers and will have a significant impact on already squeezed used car margins.
Fix Auto UK has just appointed Purchase Direct to run their Fix Auto Cost Optimisation Programme. This is an important initiative as they seek to develop their longstanding ambition of building the most profitable bodyshop network in the UK.
The answer is simple: all UK businesses, from 1st April 2019, via an increased Climate Change Levy (CCL) main rate.
It is possible to cut spending in practically every area of a business – marketing, stationery, courtesy vehicles, utilities etc. However there is a fine line between reducing operating costs to the point that it becomes inefficient and costly and ensuring a company is well resourced to deliver maximum profits.
An energy reduction programme at TrustFord, which operates from 65 locations and employs more than 3,000 people, resulted in an 18% drop in energy consumption in 2014 compared with 2013 and savings of more than £200,000 on a seven-figure energy bill.
We are celebrating an award winning achievement after delivering ‘best advice’ which has netted clients six-figure savings on energy bills.