Sometimes running a business is horrid. I'm not just talking about the admin.
Jem wrote a Christmas/New Year newsletter in 2007 outlining the success of HMS and thanked everyone for their help etc. In addition to all the usual good tidings he also prepared the artists for a rent rise in a year's time.
Like all businesses and households we have seen the price of services, rates and loans rise at a rate of knots. We can't absorb these costs. The rents need to rise by 5% – the first increase since artists arrived in April 2007. We have just sent out the reminder which I find v difficult, especially in the current climate. We don't receive any funding from anyone so it is important that we balance the books to make sure we are a viable and not a vulnerable business.
