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FDs to "renegotiate" credit terms
Tuesday, 28 October 2008

Senior finance professionals are getting set to "renegotiate" credit terms as they prepare for difficult market conditions to continue for the next two years. Research has found that 98% of finance directors now believe that economic growth will stagnate or fall for at least two years.

Blueprint for survival fund for small businesses launched
Friday, 24 October 2008

The blueprint for a £1bn survival fund for small businesses has been launched by a business organisation for small businesses. The Federation of Small Businesses (FSB) has launched a blueprint for stabilising the UK economy and saving threatened jobs with a proposed new £1bn Small Business Survival Fund for small businesses.

Simpler framework for advice to business will benefit economy
Friday, 24 October 2008

A national package of publicly funded business support products has been launched. The Government has released a package of business support products entitled ‘Solutions for Business'.

Independent retailer of electricity goes into administration
Friday, 24 October 2008

Joint administrators have been appointed for an independent electricity retailer based in Milton Keynes. Stuart Maddison, Mark Shires and Colin Haig of PricewaterhouseCoopers LLP have been appointed joint administrators to Electricity 4 Business limited (E4B). 

Construction firm calls in administrators
Tuesday, 21 October 2008

One of Northamptonshire’s longest-established privately-owned construction companies – the Mainland Construction Group – has called in the administrators as the global recession continues to bite.

James Bradney and Andrew Duncan from Bridge Business Recovery have been brought in to find a buyer for the plant hire division of the business, an integral part of the company, which was founded over 20 years ago in Kettering. Until recently, the Mainland Construction Group employed over 150 people across its three divisions – construction, civil engineering and plant hire. 

Awarding more government contracts to SMEs 'would help economy'
Friday, 17 October 2008

According to a news release, the government should rapidly develop proposals to ensure a greater proportion of public sector contracts are awarded to SMEs, offering best value for money.

The release from three of the UK's major business organisations says that the current economic climate requires businesses that can adapt to change rapidly, an area in which SMEs are adept. This will benefit the wider business community, the economy and local communities. 

Tax and regulation overshadow credit restrictions for small businesses
Tuesday, 14 October 2008

Regulation, tax and spiralling fuel prices are the most significant barriers to developing a business, according to a new survey.The Forum of Private Business (FPB) said that despite reports that accessing credit has become more difficult for small firms because of the economic downturn, resulting in the Government’s insistence that its £37 bn funding for banks is used to support small businesses, accessing finance – although a serious problem – is not considered to be among the top ten barriers to growth. However, late payment remains a major concern for many business-owners. 

UK businesses hold steady despite economic turbulence
Tuesday, 14 October 2008

Equifax’s Business Failures Report for 2008 reveals levelling out in firms going bust from Quarter 1 to Quarter 3.

Business information provider, Equifax, has released its latest Business Failures Report. There are increases in the number of businesses going bust in some sectors, but the overall picture for the year to date suggests that other sectors are faring better. 

Small firms must comply with credit card information handling Standard
Friday, 10 October 2008

A business lobby group has warned that small firms handling or storing credit card information must comply with the laid down Standard, or face a heavy fine. 

Small businesses must be recognised in bank rescue package
Friday, 10 October 2008

A business organisation has called on the Government to put small business at the forefront of the bank restructuring programme

Small businesses will struggle with extension of flexible working rights
Wednesday, 01 October 2008

Many SMEs believe that extending flexible working rights to an extra 4.5 million workers will impose a further 'burden' on British business, according to a recert survey. 

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