Brexit uncertainty costing business owner hundreds of thousands of pounds - The Leamington Observer

Brexit uncertainty costing business owner hundreds of thousands of pounds

Leamington Editorial 14th Sep, 2019   0

A BUSINESS owner in Warwick claims Brexit uncertainty is costing his firm hundreds of thousands of pounds in lost revenue.

Adventure Sports has seen a major downturn in corporate contracts from surrounding businesses such as JLR says boss Steve Richardson.

He founded the outdoor activity centre at the 100-acre site at Wedgnock Rifle Range offering the likes of clay pigeon shooting, paintball, karting, quad biking and tank driving.

The business, which is preparing to mark its 30th anniversary, organises hundreds of events every year, including catering for corporate team events, but the current economic uncertainty over Brexit has presented a major challenge.

Steve said: “Brexit is having a huge effect on a lot of our biggest clients, particularly those involved in the motor industry, and we are experiencing a rapid downturn in business, losing hundreds of thousands of pounds.

“Brexit has produced one of the most economic uncertain periods of our lifetime.”

But Steve remains confident the business can ride the storm and is adapting to meet the needs of corporate clients.

“We have focused on team building events for businesses designed to improve team morale and performance but we realise that this can mean different things to different companies.

“It’s important to establish whether your event needs to focus on team working, team bonding or team training and development.

“A lot of our corporate clients had been increasingly asking about axe throwing so we looked into it more seriously. But we’ve done a lot of research and expert training and it is one of the safest in the country with the way it’s run.”


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