Challenges Faced by Stone Point Ltd. during COVID-19 Pandemic

Business
in
practice
1

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Description of company and its operations............................................................................3
Issues through which company is dealing currently...............................................................4
Analysis of issues by which company is dealing...................................................................5
Recommendations for overcoming issues by using appropriate frameworks........................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
2

INTRODUCTION
Business is consider as activities of developing one's living or creating money by
manufacturing or purchasing and selling products that can be goods or services. In other word it
is considered as any activity or enterprise that entered in the market for attaining profit and
market shares (Bican and Brem, 2020). There are different types of businesses i.e. sole
proprietorship, Limited Liability Company, corporations as well as general partnership. The
organization selected for respective report is Stone Point Ltd which is located in Hitchin, United
Kingdom and they are operating in construction as well as refurbishment project over the United
Kingdom. Their project team deliver huge range of practices or works from the small fit outs to
the new builds. Respective company business highly impacted due to COVID 19 pandemic. The
respective report is based on determining the current challenges experienced by respective
company while conducting their business operations and functions. In addition to this, report will
also include analysis of business challenges or issues along with recommendations by which
issues can be resolve effectively.
MAIN BODY
Description of company and its operations
Stone point Ltd is mainly specialised in refurbishment and construction projects which is
done across the United Kingdom level. This firm was founded in 2003 as well as in 2009
company board of director accept a buyout proposal as well as acquisition from the new
management team. From that time respective company is delivering huge range of construction
project in several industry. The respective company project teams deliver a huge range of work
in which they turn small fit outs into the new builds. They are operating in respective industry
from more than fifteen years as well as they are delivering excellence services to the local
government’s clients as well as blue chip companies (Bocken and Geradts, 2020). The clients of
respective company are mainly from educational, retail, commercial, financial, residential as
well as medical sector. Respective frim have huge and high quality skill set they able to deliver a
flexible, catering, turn key solution as well as they also take those projects which are reluctant by
other firm in same industry. This will help them in attracting more and more clients and earn
huge profitability as well as market shares. The respective company is experienced several issues
due to COVID 19 situation as they not; able to conduct their work in regular as well as effective
3