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SME manufacturers cutting staff for the first time in eighteen months
Tuesday, 11 November 2008

Small and medium-sized manufacturers (SMEs) are cutting staff for the first time in eighteen months, as demand for UK made goods at home and abroad weakens.

Accountants are preferred source of financial advice for SMEs
Tuesday, 11 November 2008

New research just released, has revealed that, in the UK, small firms trust their accountants more than their bank managers when it comes to seeking financial advice. 

Many UK businesses exploring alternative forms of finance
Tuesday, 04 November 2008

Recent research by an invoice and asset based lender has shown that many businesses which have been refused credit are exploring alternative forms of finance.

Government 10 day pledge to small businesses may prove impractical
Tuesday, 04 November 2008

The Government's recent pledge to ease small firms cashflow problems through paying trade invoices in 10 days rather than the usual 30 days, requires urgent action, warns a commercial credit agency.

Give small businesses a slice of £4bn 'now'
Tuesday, 04 November 2008

A campaign pressure group for small businesses has unveiled an innovative proposal to ensure the Government gets new funds to small firms straight away. 

Pre-pack ethics code on the horizon
Friday, 31 October 2008

A pre-pack code of ethics will hit insolvency practitioners this weekend. Insolvency practitioners (IP) in the UK will be hit with a code of ethics this weekend, which includes a codification for the first time to ensure the best value is secured by pre-packaged administrations.

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. 

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