AHCT GROUP NEWS

AHCT GROUP • February 11, 2022

Commercial business: 'Businesses can't cope with rising costs'

Inflation is at a 30-year high and fuel costs are set to rise from April. Rising bills are not only affecting households, but business costs are also rising. What are the companies doing and will their customers see their prices go up too?

"It's very difficult at the moment," said Matt Hammond, business development manager at Savoy Foods, a food service company based in Great Yarmouth.


"We're trying to deal with all this growth, whether it's fuel, electricity, especially electricity from suppliers, getting continued growth from suppliers," he said.


"So we have to look at every aspect of the business to try to offset some of the growth that's coming.


"We had to pass some of that growth on to customers because we couldn't sustain it any longer."


Tom Kimber-Smith, manager of Lion Engineering at Great Yarmouth, said their jobs were picking up since the pandemic, but they were "seeing astronomical numbers".


"It's a problem, but it's a good problem, and during a pandemic, the lack of work and having to let people go is a bad problem," he said.


But he said the business "is grappling with increased costs, energy bills, raw materials, consumables, and we're trying not to pass that on to our customers, and that's a fight we fight every day".


"It's very difficult to be competitive in the market we're in, we're trying to cover as much of the cost as possible, but ultimately we have to pass it on," he said.


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