A CARING business owner has vowed to donate all income generated by his company for the next three months to charities struggling due to the coronavirus pandemic.

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Taylor Beavis, 24, is a financial advisor and founder of Universe Financial Advice, based in Newbury.

After several years working with large UK banks and financial advice businesses, Taylor made the decision at 23 to start his own financial services company, with a focus on charity.

He said: "I'm quite a young financial advisor at 24.

"I set up the company from scratch in 2018 and I knew what I liked about good businesses and what I didn't like.

"I felt so lucky to be able to be in the position I am in and really wanted to be as ethical as possible.

"I am already treasurer of the charity Homestart but wanted to do more."

Mr Beavis decided to show just how dedicated he is to helping others when the coronavirus outbreak started.

"I thought it was a good time to show that we care about these things," he added.

"Being a small business, I thought 'I am in the position where I can pay the staffing costs and the fixed overheads for the next three months', and then all the money we make from clients will go to charities of their choice - this will not be profit, it is the full income received by the business.

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"I thought, 'right if I'm going to do something, I need to put my money where my mouth is and do it now.'

"I feel some companies have been taking advantage of the government's furlough system, and I just wonder why they can't do their bit."

As a business owner, Taylor said his main goal is to create a scalable business that supports the local economy, as well as continuing to provide an 'unparalleled service.'

Speaking about why he decided to do this, he said: "If you look after your local community, your local community will look after you."