Statement on stakeholder relationships made under Section 172(1) of the Companies Act
Section 172 of the Companies Act 2006 (“the Act”) requires the directors to promote the success of a company for the benefit of its stakeholders. As a limited company whose shares are held privately, the directors consider the key stakeholders of the Group to be its shareholders, employees and customers and the wider community that the Group serves.
The key strategic decisions for the board relate to expansion and growth and both short and long term profitability. When these transactions, or any other material transaction or decision, are considered the board has regard to its wider obligations under s172 of the Act.
We continue to support our customers with the development of new software modules and payroll services and by extending our software and services to other countries.
Employees are regularly consulted through engagement surveys and meetings and their feedback is important to guiding future decisions regarding the Group.
During the year, with the impact of the COVID pandemic, the directors have been primarily focused on ensuring the safety and wellbeing of its staff, and supporting the needs of its customers to work remotely from their normal place of work.
This report was approved by the board on 17 March 2021 and signed on its behalf.
Mrs. J L Howard