S.172 Statement

S.172 statement

The Board of Directors, in line with their duties under s172 of the Companies Act 2006, act in a way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its stakeholders, and in doing so have regard to a range of matters when making decisions for the long term.

The Company’s key stakeholders are our employees, customers, suppliers and members of the communities in which our trading businesses operate. 

The board engages with those stakeholders openly, particularly where decisions have a wider impact on the community and the environment, to ensure that the decisions made have relevant regard to the long and short term impacts of those decisions and are undertaken in a responsible manner.

Our employees are a key part of our business and the board make sure they have a clear understanding of their needs, assess their perspectives and monitor the impact of decisions to ensure they are in their best interests.  The group has a culture of loyalty which is bred from this. Strategic decisions are made by the board after careful consideration of the impact on all stakeholders.  The experience of our customers is at the forefront of that decision making process