Commercial Credit

Touch Financial appoints Business Development Manager

Thu, 17 May 2012 16:43:14 +0100

Touch Financial, the award-winning invoice finance broker, has appointed Patrick Hogan as Business Development Manager to focus on building even stronger relationships with accountants at a national level.

Forum of Private Business welcomes Ellesmere Portâs Vauxhall Astra announcement

Thu, 17 May 2012 11:20:43 +0100

The Forum of Private Business’s (FPB) Senior Policy Advisor, Phil McCabe, responds to today’s news that the Vauxhall plant in Merseyside will assemble the new Astra:

European Parliament votes on Capital Requirements Regulation â comments by Sharon Bowles MEP

Mon, 14 May 2012 18:30:00 +0100

“The European Parliament has voted through an ambitious and innovative text today. On the key concern of maximum versus minimum harmonisation there is sufficient flexibility within an EU framework. This will allow countries with a very large debt to GDP ratio to take the necessary action to protect themselves.

Coventry firm set to grow with Lloyds TSB funding

Mon, 14 May 2012 13:11:48 +0100

A business improvement company based in Coventry is set to take turnover to £3 million this year after securing an invoice finance facility from Lloyds TSB Commercial Finance.

South West manufacturer seals Â£2.35m deal with Lloyds TSB Commercial Finance

Fri, 11 May 2012 16:44:41 +0100

Woodberry Bros & Haines Ltd, one of the UK’s leading manufacturers of home furniture has secured a £2.35 million asset based finance facility from Lloyds TSB Commercial Finance.

Honda's Philip Ross appointed new FLA chairman

Fri, 11 May 2012 13:08:55 +0100

Philip Ross, General Manager of Honda Finance Europe, has been elected Chairman of the Finance & Leasing Association (FLA) with effect from 10 May. Philip takes over the Chairmanship from Chris Sutton, Managing Director of Black Horse Finance.

New Groceries Adjudicator to protect suppliers from unfair treatment by supermarkets

Fri, 11 May 2012 11:49:14 +0100

Plans to set up the new Groceries Code Adjudicator moved a step closer today as the Bill was published in the House of Lords.

Energy costs and broadband telecommunications top list of small firmsâ infrastructure issues

Thu, 10 May 2012 16:50:30 +0100

Energy costs and access to effective telecommunications, including broadband, are the most important infrastructure issues faced by small businesses, according to new research from the Forum of Private Business (FPB).

Forum responds to Queenâs Speech

Wed, 09 May 2012 21:31:03 +0100

The Forum of Private Business (FPB) has responded to today’s Queen’s Speech by urging the Government to forge ahead as a matter of urgency in key areas affecting small business, particularly in relation to supermarket suppliers.

Funding package fuels Leeds business' growth

Wed, 09 May 2012 12:57:33 +0100

The Right Fuelcard Company, based in Leeds, is expecting turnover to race to £200 million by the end of 2014 after securing an £8 million asset based finance facility from Lloyds TSB Commercial Finance.

Banks must help to drive the export market for SMEs, says Forum

Tue, 08 May 2012 16:04:36 +0100

The Forum of Private Business (FPB) has welcomed new research suggesting the number of UK firms exporting goods and services has increased, but is urging banks to help keep the momentum going by relaxing lending criteria for firms looking at overseas trade operations.

Aberdeen firm manufactures growth with Lloyds TSB Commercial Finance

Tue, 08 May 2012 12:45:37 +0100

Scots Bearings, one of Scotland’s largest independent distributers of machinery parts, is set to grow turnover by 20 per cent this year, with support from its long-term banking partner, Lloyds TSB Commercial Finance.

Intelligent wholesale business set to 'revolutionise leisure industry'

Tue, 08 May 2012 12:22:21 +0100

The launch of a new 'intelligent wholesale' business is set to revolutionise the way drinks brands are distributed to the hospitality sector.

Wonga to boost small business growth with online credit service

Tue, 08 May 2012 12:17:14 +0100

Wonga.com today announced it will help Britain’s small businesses to manage their cash flow, continue to grow and create jobs.

Forum urges Government to think of SMEs before next weekâs Queenâs Speech

Fri, 04 May 2012 16:58:17 +0100

Ahead of the Queen’s Speech next week, the Forum of Private Business (FPB) has urged the Government to ensure the Groceries Code Adjudicator has the necessary power to fine supermarkets who unfairly abuse their suppliers, and to ensure new laws on parental leave don’t unfairly harm small business, particularly with economic recovery pinned on the sector.

Leading UK bathroom supplier responds to entry in 'Hall of Shame'

Fri, 04 May 2012 16:20:13 +0100

Following yesterday's announcement by the Forum of Private Business that it had entered bathroom supplier Bristan Group Ltd into its Hall of Shame, for increasing payment times to its suppliers from 30 to 60 days, the Bristan Group Ltd have issued the following statement.

Ovum comment on EU Basel lll

Thu, 03 May 2012 17:17:43 +0100

Rik Turner, senior analyst, Financial Services Technology, Ovum, comments on George Osborne’s recent refusal to sign the EU Basel III plan.

UK economy will pick up through 2012 - CBI

Thu, 03 May 2012 11:27:30 +0100

The UK economy will see growth resume in the second half of 2012, with faster GDP growth during 2013, according to the latest quarterly Confederation of British Industry (CBI) economic forecast.

Leading UK bathroom supplier enters Forumâs late payment Hall of Shame after doubling ...

Thu, 03 May 2012 09:33:36 +0100

A leading UK producer of bathroom products has been entered in to the Forum of Private Business’s (FPB) late payment ‘Hall of Shame’ after it increased its payment times from 30 to 60 days.

Group buying can empower small business owners to beat spiralling costs

Wed, 02 May 2012 12:57:50 +0100

The Forum of Private Business (FPB) has joined forces with the Buying Support Agency (BSA) to help recession-hit small businesses save money, following research showing spiralling business costs are a major barrier to growth.

SME Invoice Finance Group Reports 2011 Profits Increase

Wed, 02 May 2012 12:45:40 +0100

Independently owned SME Invoice Finance Group has reported pre-tax trading profits of £3.78million for the year to December 2011. This is an increase from £3.59 million for the previous 12 months and follows a consistent rise in pre-tax profits since the business first launched.

Â£70 billion of potential government business published to boost UK growth

Tue, 01 May 2012 18:07:57 +0100

The Government’s long term plan to reform the way the public sector does business ramped up today as new and updated data on £70 billion of potential future government contracts was published by Cabinet ministers Francis Maude and Vince Cable.

Government should use public sector procurement to tackle late payment, says Forum

Mon, 30 Apr 2012 17:10:46 +0100

With the Government this week updating a list of public sector procurement projects worth £70 billion, the Forum of Private Business (FPB) has said the ensuing tendering process should take into consideration the length of time contractors take to pay their suppliers.

Palamon portfolio company, Cambridge Education Group, completes Â£23m financing package with RBS

Mon, 30 Apr 2012 17:00:30 +0100

Palamon Capital Partners (“Palamon” or the “Firm”), one of Europe’s leading mid market private equity firms, has concluded a transaction with Royal Bank of Scotland (“RBS”), to provide a £23 million financing package for its portfolio company, Cambridge Education Group (“CEG” or the “Company”) which includes a dividend recapitalisation for equity holders and additional debt financing for continued growth.

New collaboration to benefit SMEs

Mon, 30 Apr 2012 10:17:30 +0100

The UK's leading commercial finance broker, Hilton-Baird Financial Solutions, has announced a new strategic partnership with The FD Centre.

As shareholders meet for Barclays AGM, customers take control and cut up their cards

Fri, 27 Apr 2012 15:04:29 +0100

Today, as shareholders met for the Barclays AGM, angry Barclays customers met outside the Royal Festival Hall to cut up their cards as part of the Move Your Money UK campaign.

Barclays AGM: Move Your Money calls on customers to vote with their feet and leave

Thu, 26 Apr 2012 13:04:50 +0100

This Friday Barclays will be holding its AGM. Move Your Money UK is calling on customers to vote with their feet by moving their money out of the bank and into ethical, mutual or local alternatives. 

âDouble dipâ recession will add to chartered accountants stress levels

Wed, 25 Apr 2012 16:51:39 +0100

Today’s announcement that the UK economy has entered a double dip recession will have a definite impact on stress levels among accountants, says Chartered Accountants’ Benevolent Association (CABA).

Gloucestershire business stokes growth with Lloyds TSB Commercial Finance

Wed, 25 Apr 2012 12:35:08 +0100

A Coleford-based business which supplies sawn timber, fencing and firewood, is set for growth after securing a £87,000 facility from Lloyds TSB Commercial Finance to finance a new kiln.

TriOptima introduces its new triBalance service for reducing systemic risk

Tue, 24 Apr 2012 16:45:58 +0100

TriOptima announced that it has developed and tested triBalance, an important new post trade service that mitigates risk concentration which emerges because credit exposure of cleared trades can no longer be netted against bilateral trades across different asset classes that are ineligible for clearing. triBalance reduces sources of contagion risk in both cleared and bilateral counterparty relationships by rebalancing counterparty credit risk exposure driven by future market movemen ...

Mid-sized business boost in Turkey

Mon, 23 Apr 2012 11:36:54 +0100

The first trade mission of its kind, focusing solely on mid-sized businesses, will pay a two day visit to Turkey later this week. Led by Trade and Investment Minister, Lord Green, and John Cridland, Director-General of the CBI, the mission to Turkey will help build links between UK and Turkish firms and boost trade and investment between the two countries.

Q1 marks five year high in business turnover, according to study of 4,000 firms

Mon, 23 Apr 2012 09:33:38 +0100

A report looking at the turnover of 4,000 UK businesses revealed the first quarter of 2012 was the best performing quarter, year-on-year since the start of the economic downturn in 2007.

Red Flag Alert Report for Q1 2012 - Manufacturing sector leads UKâs race to recovery

Fri, 20 Apr 2012 11:22:08 +0100

The most recent Begbies Traynor Red Flag Alert research, published today, which monitors a series of indicators of UK company distress, shows that manufacturing is recovering against a tide of continued business distress across the country that is affecting many sectors.

Warwickshire traders convicted for perjury and fraudulent trading

Fri, 20 Apr 2012 10:47:38 +0100

Warwickshire entrepreneurs Jayson Hollier and Andrew Booth have been convicted of perjury and fraudulent trading, after an investigation by the Insolvency Service and prosecution by the Department for Business Innovation and Skills (BIS), following the collapse of Shakespeare Underwriting Limited.

Consumer or business loan, encash the social way!

Thu, 19 Apr 2012 18:39:01 +0100

encash is the only web-based social funding marketplace that facilitates both consumer and business lending in the UK! With over 10,000 trusted members already, encash has significantly improved the user surfing experience on its online social lending service!

Forum of Private Business campaign urges entrepreneurs to pass on the secrets of their success

Thu, 12 Apr 2012 17:14:02 +0100

The Forum of Private Business (FPB) is calling for success stories from business owners flying high despite the global economic turmoil as part of its Get Britain Trading campaign to make 2012 the year of small businesses.

Manchester firm builds on growth with Lloyds TSB Commercial Finance

Thu, 12 Apr 2012 12:28:15 +0100

Building and maintenance business H.Timmins is set to take turnover to £1.7 million this year, after securing a £250,000 factoring facility from Lloyds TSB Commercial Finance.

Bibby Financial Services rallies intermediaries to act on BIS Taskforce report

Wed, 11 Apr 2012 12:44:57 +0100

Bibby Financial Services is calling on intermediaries to act on the findings of the recent Government Taskforce report into business funding issues and seize the opportunities it creates.

Late night levy will damage business and further degrade the high street, Forum warns

Wed, 11 Apr 2012 12:23:24 +0100

The introduction of a ‘late night levy’ on businesses catering for the UK’s evening economy will hit the already struggling pub sector and further harm the profitability of high streets.

House price rise is a positive indicator for economy says property maintenance entrepreneur

Thu, 05 Apr 2012 23:33:47 +0100

The 0.5% rise in London house prices in March is solid evidence that the recovery is underway according to Will Davies – co-founder of London’s largest property maintenance and refurbishment company aspect.co.uk

Raconteur writes new growth story

Thu, 05 Apr 2012 20:36:46 +0100

Special-interest publisher, Raconteur Media Limited, has today secured a £750k refinancing facility through Invoice and Asset Based Lender, ABN AMRO Commercial Finance.

Forum criticises HMRCâs IT system shutdown at end of tax year

Thu, 05 Apr 2012 16:12:58 +0100

The Forum of Private Business (FPB) has criticised HMRC when, with just days to go before the end of the current tax year, the department announced plans to shut down its entire IT systems for nearly a week.

Comment from Forex Club anticipating the fothcoming BOE rate announcement

Thu, 05 Apr 2012 13:26:41 +0100

Commenting on the forthcoming BOE rate announcement, Andrey Dirgin, Head of Research at Forex Club said:

Can better regulatory delivery affect growth?

Wed, 04 Apr 2012 18:34:56 +0100

BRDO (Better Regulation Delivery Office) is publishing a discussion paper today, Regulation and Growth, which considers whether effective regulatory delivery can benefit businesses and contribute towards UK economic growth.

New UK CEO set to lead ambitious growth plans at Bibby Financial Services

Wed, 04 Apr 2012 16:06:57 +0100

David Postings, who previously held senior positions at Lloyds TSB and Barclays, has today been announced as the new CEO for the UK’s largest independent invoice financier, Bibby Financial Services (BFS).

Review of intellectual property must protect small businesses stung by licensing bodies, says FPB

Wed, 04 Apr 2012 15:47:13 +0100

The Forum of Private Business (FPB) is calling for legal reforms to reflect the dramatic change in the way music is consumed in the workplace – and to protect small firms from being stung by licence enforcement bodies.

MPC should help to increase lending to credit-worthy firms, says BCC

Wed, 04 Apr 2012 11:35:42 +0100

 Commenting ahead of the MPC decision tomorrow, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:  

Enness Private Clients appoints head of commercial finance

Wed, 04 Apr 2012 11:28:59 +0100

Enness Private Clients, the large mortgage and high net worth specialist, has today continued its recruitment drive with the appointment of Chris Whitney to head up its commercial arm.

Free support launched to boost small and medium sized business directors

Tue, 03 Apr 2012 12:25:03 +0100

A new series of free business support events, aimed at the owners of small and medium sized enterprises (SMEs), has been launched today in Liverpool by the Intellectual Property Office (IPO) and Companies House. The IPO also outlined its range of support for SMEs in a new paper published today.

Touch Financial does the double in Business Moneyfacts Awards

Fri, 30 Mar 2012 17:04:58 +0100

For consecutive years, Touch Financial has re-confirmed its status as the UK’s largest and most innovative invoice finance broker by winning the Asset Based Finance Broker of the Year category of the prestigious Business Moneyfacts Awards.

Forum welcomes Portas Review, but says more work needs to be done in key areas

Fri, 30 Mar 2012 16:38:54 +0100

The Forum of Private Business (FPB) has welcomed the Government’s decision to accept virtually all of the recommendations in the Portas Review, but said it has not nearly gone far enough in key areas.

Kemp Packaging bags funding line with Lloyds TSB Commercial Finance

Thu, 29 Mar 2012 15:19:59 +0100

A Lincolnshire business which manufactures plastic bags is set to increase turnover and staff numbers after purchasing new machinery to capitalise on a recent contract win, with the help of funding from Lloyds TSB Commercial Finance.

Success of Breedon relies on intermediary support

Tue, 27 Mar 2012 15:48:00 +0100

Touch Financial, a commercial financial brokerage, says that Breedon may fall at the first fence if more isn’t done to educate intermediaries – and especially accountants – on the funding support available to their SME clients.

Forums criticises Ofcomâs decision to give Royal Mail free rein on stamp prices

Tue, 27 Mar 2012 15:25:29 +0100

UK businesses should brace themselves for significant increases in the cost of postal services after today’s announcement by Ofcom, which paves the way for Royal Mail bosses to set stamp prices themselves.

Cable backs small businesses to grow

Fri, 23 Mar 2012 23:41:30 +0100

Measures to strengthen supply chains and reduce the burden of regulation were announced by the Business Secretary Vince Cable today.

Debt Managers Standards Association comments on new OFT debt management guidance

Fri, 23 Mar 2012 15:26:10 +0100

Commenting on the publication of the new stricter guidance, Michael Land, Chairman of the Debt Managers Standards Association (DEMSA) said; “I am pleased that the OFT has today set out a stronger set of guidelines for debt management companies. As the principal trade body in the commercial debt management sector, DEMSA has been working closely with the OFT in the process of forming this new guidance. I am pleased to see that the provisions in this guidance demand of firms a more ex ...

BBA statement on Budget 2012

Wed, 21 Mar 2012 15:15:34 +0100

BBA chief executive Angela Knight said: “This was a Budget for business: it was about making it more attractive for businesses to do business here in the UK. It was also about giving businesses the confidence to invest in their futures and giving their customers the confidence to spend again. Crucially it underlines the fact that bank finance continues to be available for viable businesses.  

Budget 2012: Forum of Private Business response

Wed, 21 Mar 2012 14:39:58 +0100

The Forum of Private Business (FPB) is responding to today’s Budget statement by the Chancellor of the Exchequer, George Osborne, by welcoming several measures on taxation as steps towards creating a tax system conducive to small business success, rather than a barrier to it.

Evette Orams, Managing Director of Hilton-Baird Financial Solutions, comments on today's Budget

Wed, 21 Mar 2012 14:22:34 +0100

It is encouraging to see that harnessing SME growth is seen as crucial to government policy. Today’s Budget and the launch of the National Loan Guarantee Scheme yesterday are testament to the importance the Government places on the engine rooms of the UKs economy. Nevertheless there is still some way to go and we had hoped today’s Budget would have gone further to help SMEs.

HM Treasury - Budget 2012

Wed, 21 Mar 2012 13:55:32 +0100

The Chancellor of the Exchequer, George Osborne, today announced his Budget which maintains the Government’s strategy to reduce the deficit, announces far-reaching tax reforms, and support for growth and to reward work. It sets out the actions the Government will take in three areas - creating a stable economy, a fairer, more efficient and simpler tax system, and further reforms to support growth.

Green energy plant planned for Sheffield

Tue, 20 Mar 2012 17:21:47 +0100

A new green energy company is proposing to build a £20 million combined heat and power (CHP) plant in Sheffield.The Community Renewable Energy Centre is being developed by the new business Mediena Ltd and its trading arm UYE (UK) Ltd, which have been advised by the BTG Corporate Finance team in Birmingham. Additional biomass fired CHP projects are also being considered.

Tackle lending and late payment in Budget to mend small business cash flow crisis, says FPB

Tue, 20 Mar 2012 06:00:00 +0100

As part of its Budget focus on boosting bank competition and prompt payment the Forum of Private Business (FPB) is calling for better, more standardised lending data to support the Government’s new National Loan Guarantee Scheme (NLGS) and increase choice for small firms.

Jefferies acts as one of the lead banks in financing of Vista Equity Partners' offer for Misys

Mon, 19 Mar 2012 18:10:03 +0100

Jefferies, the global investment banking firm, has acted as one of the lead banks in the financing of Vista Equity Partners' offer for Misys, the UK banking software company.

Yorkshire Asset Based Lenders Raise Â£15,000 for Hospital Charity

Fri, 16 Mar 2012 16:34:48 +0100

Hundreds of Yorkshire financiers gathered in Leeds last week to celebrate the growth of the region’s asset based lending community and to raise funds for the Leeds Children’s Hospital Appeal.

Chancellor should give small businesses 'the same utilities protection as domestic customers'

Fri, 16 Mar 2012 16:31:25 +0100

Small businesses are being held back by the rising cost of utilities and fuel and need more support in next week’s Budget, the Forum of Private Business (FPB) is arguing.

Taskforce publishes SME finance proposals

Fri, 16 Mar 2012 12:24:44 +0100

Proposals to widen business access to new and alternative sources of finance have been published today by the independent Taskforce on non-bank lending.

LCVR must go, judicial review rules Government decision correct

Thu, 15 Mar 2012 17:11:05 +0100

The Forum of Private Business (FPB) has welcomed today’s judicial review into Low Value Consignment Relief, ruling the Government’s decision to outlaw the practice as legal and just.

Bibby Financial Services aims to give introducers âMoreâ support with launch of new ...

Thu, 15 Mar 2012 16:40:50 +0100

The UK’s largest independent invoice finance specialist, Bibby Financial Services, is offering a new support programme entitled ‘More…’ to aid financial introducer’s new business and marketing efforts.

Shadow Banking and Financial Instability: Lord Turner speech to the CASS Business School

Wed, 14 Mar 2012 18:30:00 +0100

In a speech to the CASS Business School the Chairman of the Financial Services Authority (FSA), Lord Turner, set out how the ‘shadow banking’ sector contributed to the financial crisis, the risks it still poses to financial stability and the importance of a sufficiently comprehensive and radical policy response.

âWe must protect European financial watchdog fundingâ says Euro MP

Wed, 14 Mar 2012 15:54:00 +0100

Sharon Bowles, Chair of the influential Economic and Monetary Affairs Committee in the European Parliament, has secured an amendment specifying that funding to the new European Supervisory Authorities (ESAs), which serve as pan-European financial watchdogs, should be prioritised.

Hilton-Baird Financial Solutions comments on the latest Asset Based Finance Association statistics

Wed, 14 Mar 2012 15:25:50 +0100

Evette Orams, managing director of Hilton-Baird Financial Solutions, comments on the latest Asset Based Finance Association (ABFA) statistics:

South East Euro MP backs campaign for more women in the boardroom

Tue, 13 Mar 2012 17:42:13 +0100

Sharon Bowles MEP, who represents South East England in the European Parliament, has today backed a campaign to get more women in boardrooms across the EU.

Budget 2012: make tax simple and proportionate, says Forum of Private Business

Tue, 13 Mar 2012 17:14:31 +0100

Just over a week until the Chancellor’s annual statement and the Forum of Private Business (FPB) is highlighting research from its tax and budget member panel showing small businesses want a major re-think of taxation in the UK.

D-Day for Channel Islands VAT loophole

Mon, 12 Mar 2012 16:25:20 +0100

The Forum of Private Business (FPB) is warning of serious consequences for small retailers if the Government’s decision to close the Channel Islands VAT loophole is overturned following a judicial review, which begins tomorrow at 10.30am.

Minister announces 15,000 business mentors milestone

Mon, 12 Mar 2012 12:06:43 +0100

Business and Enterprise Minister Mark Prisk has announced key milestones in mentoring support for entrepreneurs as the first Global Entrepreneurship Congress to be held in Europe gets underway.

BSI to launch new governance standard

Mon, 12 Mar 2012 11:44:28 +0100

BSI, the leading global standards organization, is launching a new governance standard by early 2013, it was announced today.

Only tiny number of Scottish firms say yes to independence

Fri, 09 Mar 2012 13:14:51 +0100

Just 14 per cent of Scottish firms quizzed about devolution said they wanted to break from the Union, research carried out by the Forum of Private Business (FPB) has shown.

Forum of Private Business calls for a Budget to Get Britain Trading in 2012

Thu, 08 Mar 2012 16:27:43 +0100

The Forum of Private Business (FPB) is calling for key measures in the Budget to boost business confidence, trade and growth in 2012.

Leeds business drives ahead with Lloyds TSB Commercial Finance

Tue, 06 Mar 2012 12:59:25 +0100

A Leeds logistics and courier business is set to take turnover to £1.7 million in the next year, having undergone significant expansion with the support of Lloyds TSB Commercial Finance.

DC Advisory Partners hires third managing director into active Debt Advisory Group

Tue, 06 Mar 2012 12:47:50 +0100

DC Advisory Partners (“DC”) has announced the appointment of a third Managing Director to its Debt Advisory Group. Sergio Ronga joins the London office this week and will work alongside Jonathan Trower and Ciara O’Neill. He will be specifically responsible for providing advice on infrastructure and social service transactions.

Investec comments on Dutch guilder, Australian interest rates and Halifax HPI

Tue, 06 Mar 2012 11:56:44 +0100

Commenting on a Dutch company calling for the re-introduction of the guilder, Australia keeping interest rates on hold and the Halifax house price index disappointing to the downside, Lee McDarby, Investec Corporate Treasury, said: “Greece remains the market’s main focus as we nudge ever closer to March 20th which is the key date in terms of bond repayment.

Bibby Financial Services recognised as one of UKâs best employers for second year running

Mon, 05 Mar 2012 16:34:54 +0100

Bibby Financial Services, the UK’s largest independent invoice finance specialist, has been recognised as one of the top 100 employers in the country for the second year running.

Tobacco rules hit retailers with pointless Â£15 million bill

Mon, 05 Mar 2012 00:00:01 +0100

Retailers have been forced to spend an estimated £15.6 million installing new units to keep cigarettes hidden from view even though the Government is still considering the possibility of plain packaging for tobacco products – evidence of the Government failing to recognise the impact of unnecessary regulation.

Small Business Finance Directory launched to help small businesses find commercial finance

Fri, 02 Mar 2012 11:55:22 +0100

Small Business Finance Directory launched to help small businesses find commercial financeA new directory of around one thousand sources of commercial finance for small businesses has been launched today. Designed to help businesses find alternatives to conventional bank loans or overdrafts when these may be hard to obtain, the Directory covers leasing and hire purchase, commercial mortgages, asset-based finance and invoice discounting and factoring.

EU Member States given free rein on reporting for micro-businesses

Fri, 02 Mar 2012 10:38:05 +0100

The European Council has today adopted new requirements allowing for a less onerous reporting regime for micro-enterprises. Dr Nigel Sleigh-Johnson, Head of ICAEW’s Financial Reporting Faculty, said: “The conclusion to this three-year project is a long-awaited step towards establishing a more appropriate accounting regime for small companies.

Government should champion non-bank finance to help small firms

Fri, 02 Mar 2012 10:30:01 +0100

With small firms still struggling to access finance and no short-term solution to increasing bank lending, it is time the Government look beyond the shores of the UK for imaginative solutions to finance the economic recovery and growth of UK-plc, says the Federation of Small Businesses (FSB).

Asset finance providers optimistic about lending to small businesses

Fri, 02 Mar 2012 10:26:43 +0100

As the Government considers how to boost the flow of credit to small businesses using alternatives to conventional bank loans, a new survey shows that asset finance (leasing and hire purchase) companies are cautiously optimistic about the prospects for business lending in the next 12 months.

Apprenticeships face âidentity crisisâ, Forum of Private Business tells committee of MPs

Thu, 01 Mar 2012 15:44:20 +0100

The Forum of Private Business (FPB) has today warned a group of MPs that apprenticeships are facing an ‘identity crisis’, with business owners in certain sectors concerned that shorter schemes do not provide the same value as longer courses.

Â£4.17 million of red tape costs to businesses cut

Tue, 28 Feb 2012 14:18:31 +0100

A new report published today by the Government shows that around £4 million of regulatory burdens will be cut from British businesses between January and June 2012.

Reabrook plants roots with Lloyds TSB Commercial Finance funding

Tue, 28 Feb 2012 12:58:06 +0100

A Leicestershire-based company is working to leave a legacy by planting 42,000 trees near its factory, with the support of Lloyds TSB Commercial Finance.

Business Minister Mark Prisk to celebrate small firms at âGet Britain Trading 2012â ...

Mon, 27 Feb 2012 15:54:46 +0100

The Forum of Private Business (FPB) is today welcoming the Business Minister, Mark Prisk MP, to an event in Westminster celebrating the role of small businesses in driving economic growth.

The importance of family businesses to the UK economy should not be underestimated, says FPB

Fri, 24 Feb 2012 16:26:28 +0100

With almost two thirds of UK SMEs being family owned and run, the Forum of Private Business (FPB) has said the country’s economic future is hugely reliant on the success of such firms.

Research finds businesses are failing because of uncertainty over admin expenses

Fri, 24 Feb 2012 09:48:15 +0100

A recent survey of R3’s members found that on average, 28% of potential trading administrations are now pre-packed or liquidated because of the expenses regime. This demonstrates that the legislation setting out what is an administration expense needs urgent changes to help save viable businesses.

Business insolvencies fall according to latest data

Fri, 24 Feb 2012 09:26:20 +0100

Experian®, the global information services company, today revealed that the rate of insolvencies fell from 0.11 per cent in December 2012 to 0.07 per cent in January this year – the same rate as in January 2011.

Building contractor enters administration with the loss of 148 jobs

Fri, 24 Feb 2012 09:22:10 +0100

MJN Colston Limited has entered administration after suffering a fall in business, blamed in part on the economic downturn.

Sale of Peacocks to Edinburgh Woollen Mill secures 6,000 jobs

Thu, 23 Feb 2012 18:31:42 +0100

Richard Fleming, Chris Laverty, Ed Boyle and Joff Pope of KPMG, joint administrators of Peacocks, have today announced the sale of the business to Edinburgh Woollen Mill.

E-invoicing company closes in on HSBC business award worth Â£50,000

Thu, 23 Feb 2012 17:02:35 +0100

An e-invoicing company based in Vauxhall, which helps companies process high volumes of invoices, is in the running for HSBC’s Business Growth Grant, a business award that will help propel its international growth. Netsend.com, is one of five finalists with the chance of winning one of two HSBC £50,000 growth grants.

Real time Spend Analytics to be key driver for financial control and cost savings in 2012

Thu, 23 Feb 2012 16:12:36 +0100

Science Warehouse, a leading provider of procurement and spend management solutions and one of the fastest growing companies in the UK e-business sector, today launched a new business intelligence tool aimed at helping finance and procurement managers drive cost savings and greater control and contract compliance across their organisations.

Manchester company wound up following Government investigation

Thu, 23 Feb 2012 13:05:35 +0100

A Manchester-based company claiming to sell franchise opportunities has been wound up in the public interest by the High Court following an investigation by Company Investigations of the Insolvency Service.

Court upholds âFast Eddieâ director disqualification

Thu, 23 Feb 2012 13:02:57 +0100

Edward Davenport, a fraudster convicted last year as the mastermind behind a high-profile advance fee scam and disqualified from being a director, has lost his legal appeal against the disqualification following opposition from the Insolvency Service.

Â£1 billion growth fund open for business

Thu, 23 Feb 2012 12:58:20 +0100

Government’s announces an extra £1 billion for businesses seeking support at the National Manufacturing Summit.

Difficult retail market needs innovative solutions, says ICAEW

Wed, 22 Feb 2012 13:21:50 +0100

Data released in the last few days revealed that in 2011 big high street chains closed an average of 14 stores a day across Britain. So in a difficult retail market ICAEW is encouraging entrepreneurs to take advantage of a government-backed scheme which offers market stalls for £10 over a fortnight this summer.

FTSE 100 Audit Committee Chairs question rationale of EU audit reforms

Wed, 22 Feb 2012 13:19:04 +0100

FTSE 100 Audit Committee Chairs have questioned the rationale behind proposals currently being considered by the European Commission to reform the audit market but think some of the proposals have merit in their own right.

Small firms have been resilient but economy stalling those that look to grow over the next year

Mon, 20 Feb 2012 21:27:36 +0100

Despite tough economic conditions, new figures show that seven in 10 small businesses have introduced new or improved products and services over the past two years, but the economy is preventing six in 10 from achieving growth this year, new figures from the Federation of Small Businesses (FSB) show.

Hilton-Baird Financial Solutions strengthens its team

Mon, 20 Feb 2012 12:17:26 +0100

Hilton-Baird Financial Solutions, the UK’s leading independent commercial finance broker, has further strengthened its team with the addition of five new recruits.

Tenbury Wells manufacturer packages success with Lloyds TSB Commercial Finance

Mon, 20 Feb 2012 10:26:53 +0100

One of the largest producers of plastic bottles in the UK is set for further growth after completing a new extension at its site in Tenbury, with support from an asset based lending facility from Lloyds TSB Commercial Finance.

Palio Capital Partners Carves New Niche In Debt Financing To UK SMEs

Mon, 20 Feb 2012 09:43:25 +0100

Following a surge in demand for non-bank finance and an estimated £25 billion of debt funding and refinancing needed for UK SME businesses between 2012 and 2016, Palio Capital Partners (Palio) is carving a new niche in the UK market by providing senior debt and mezzanine loans to businesses with an enterprise value of between £10-£100 million.

Euler Hermesâ 2011 Results

Fri, 17 Feb 2012 12:45:45 +0100

Euler Hermes achieved excellent results in 2011. Its strong performance enabled the group to provide continuous high levels of trade risk coverage to clients and further enhance its competitive position.

Branch sharing a solution to spiralling bank closures

Fri, 17 Feb 2012 11:38:49 +0100

The Forum of Private Business and the Campaign for Community Banking Services (CCBS) are urging the Government to pressure the UK’s big banks to share local branches as a solution to spiralling bank closures.

SFP appointed administrator for Go Creative Products Ltd

Thu, 16 Feb 2012 09:39:14 +0100

SFP, the nationwide insolvency practitioners, has been appointed Administrator of Go Creative Products Limited after the firm encountered financial difficulties, leading to debts of £800,000.

Syscap appoints The Asset Works

Thu, 16 Feb 2012 09:37:31 +0100

The Asset Works, a global leader in leased asset management and verification services has been appointed by Syscap, the independent finance provider. The Asset Works will implement asset verification services and management solutions for Syscap’s education and local government clients.

Rangers administrators' update

Wed, 15 Feb 2012 17:22:15 +0100

Paul Clark and David Whitehouse, of Duff and Phelps, said: “We can report we have made very good progress within the first 24 hours of being appointed administrators over Rangers Football Club.

Splice TV: Â£1 million expansion

Wed, 15 Feb 2012 15:28:26 +0100

Splice TV, one of the UK’s finest post production houses, today announced the substantial expansion of its facilities, as part of a £1 million investment programme.

NetSol Technologies partners with The Asset Works

Wed, 15 Feb 2012 11:27:30 +0100

NetSol Technologies Europe, Ltd., a wholly-owned subsidiary of NetSol Technologies , Inc. (Nasdaq:NTWK), a worldwide provider of global IT and enterprise application solutions, today announced a partnership with The Asset Works, Ltd., to provide integrated asset verification and visibility services to its existing and future client base.

Getting paid on time

Wed, 15 Feb 2012 09:21:13 +0100

The Government and industry is calling on businesses and public organisations to pay suppliers on time and for small firms to pursue those who put them at risk by delaying.

Number of businesses taking on finance falls, despite Project Merlin

Tue, 14 Feb 2012 17:12:14 +0100

The number of small businesses that have used a bank overdraft or loan has fallen in the past two years, according to a new member survey by the Federation of Small Businesses (FSB), even though Project Merlin was supposed to increase lending.

Duff & Phelps appointed Administrators of Rangers Football Club

Tue, 14 Feb 2012 17:05:30 +0100

Paul Clark and David Whitehouse, both of Duff & Phelps, the corporate financial advisory firm, have been appointed Joint Administrators of Rangers Football Club, as of today, 14th February 2012.

SFP Sells Assets of Quantum Automotive Ltd

Tue, 14 Feb 2012 12:07:53 +0100

SFP, the nationwide insolvency practitioners, has completed the sales of Quantum Automotive Limited after the firm encountered financial difficulties leading to debts of more than £2 million.

Banks meet Merlin commitments

Mon, 13 Feb 2012 15:57:13 +0100

The Merlin banks (Barclays, HSBC, Lloyds Banking Group, RBS and Santander) have met business lending commitments under the Merlin Agreement. The five banks delivered £214.9 billion in gross new lending to UK businesses during 2011, including £74.9 billion to SMEs.

No surprise over Project Merlin results, but a wake-up call none-the-less says Forum

Mon, 13 Feb 2012 14:49:16 +0100

The Forum of Private Business argues it has come as little surprise the banks have missed their small business lending targets under Project Merlin, but says it’s a timely reminder for lenders now to refocus on financing those firms who most need their cash.

Anil Stocker, Director and Co-founder of MarketInvoice comments on todayâs Project Merlin ...

Mon, 13 Feb 2012 12:11:07 +0100

Anil Stocker, Director and Co-founder of MarketInvoice comments on today’s Project Merlin figures: “Project Merlin figures released today reveal that banks have failed to hit their pledge to lend £76 billion to small businesses over the last 12 months. Banks collectively fell just over £1 billion short of the agreed target, with the state-backed RBS missing their quota by some distance.

Stephen Gildert of Experian comments on today's Project Merlin figures

Mon, 13 Feb 2012 12:09:39 +0100

Stephen Gildert, EMEA head of SME lending, Experian comments: “Demand for finance from creditworthy small businesses is subdued. There was a great deal of hunkering down and managing for cash throughout the downturn, and many of those now looking to invest are turning to cash reserves in order to fund growth ambitions. Flexible forms of finance are very much the flavour of the day for those that do want credit.”

The Asset Works appoint Jones Lang LaSalle as preferred supplier of professional services

Mon, 13 Feb 2012 12:07:20 +0100

The Asset Works, a global leader in leased asset management and verification services is pleased to announce a new partnership with Jones Lang LaSalle for the integration of expert asset valuation, recovery and disposal capabilities into its comprehensive portfolio of services offered to its client base.

ICM disappointed by flawed insolvency consultation paper

Fri, 10 Feb 2012 13:46:12 +0100

The Institute of Credit Management (ICM) has delivered a critical response to the Insolvency Service Consultation Paper on reforming the bankruptcy and compulsory winding up application processes, citing what the Institute describes as ‘a number of flaws’ in the proposed reforms.

Victims of late payers mean business

Fri, 10 Feb 2012 12:13:01 +0100

As the Government launches a new initiative to tackle late payment to SMEs, figures from commercial debt recovery law firm, Lovetts, have revealed that during 2011, in the face of economic uncertainty, many businesses radically changed their attitude to debt and took decisive action to tackle late payment.

Q4 2011 Insolvency Service corporate and personal insolvency stats R3 comment

Fri, 10 Feb 2012 10:05:26 +0100

Frances Coulson, R3 President, comments on the Insolvency Service statistic for Q4 2011

Entrepreneurship Inquiry will tackle access to finance to small firms

Fri, 10 Feb 2012 10:01:58 +0100

The All Party Parliamentary Small Business Group Entrepreneurship Inquiry will tackle why women and mature people are less likely to apply for bank finance, as well as why small firms still struggle to access finance in its first evidence session.

New director for one of the Southâs most established accountancy firms

Wed, 08 Feb 2012 12:52:28 +0100

Rothmans, one of the largest accountancy practices in the South of England, has appointed a new director to the firm’s Chandlers Ford office.

Forum of Private Business urges Government to boost credibility of apprenticeship schemes

Tue, 07 Feb 2012 16:22:47 +0100

The Forum of Private Business (FPB) has urged the Government to simplify the entire apprenticeship system in order to make them more business-friendly and appealing to industry leaders.

Finance sector heralds the launch of the biggest ever apprenticeship week

Mon, 06 Feb 2012 17:29:43 +0100

Today the fifth annual National Apprenticeship Week begins which is set to be the biggest yet. It is organised by the National Apprenticeship Service (NAS) and runs from 6th to 10th February, with more than 500 events and activities planned across England, showcasing the talents, skills and commitment of apprentices to employers, teachers, parents, the general public and the media.Vince Cable launched the event with a speech in which he praised the government for their investment in appre ...

Hilton-Baird promotes rising star to director

Mon, 06 Feb 2012 16:56:14 +0100

Leading risk management experts, Hilton-Baird Audit & Survey, are strengthening their senior team. Graham Bird, who has been with the business 18 months, has been promoted to Director tasked with driving the business forward in what promises to be an exciting year.

FPB and Frank Taylor and Associates place dentists in the chair to reveal industry issues

Fri, 03 Feb 2012 12:17:47 +0100

The Forum of Private Business (FPB) has teamed up with its member Frank Taylor and Associates, the leading agency for dental professionals, to survey UK dentists in order to discover their future plans and barriers to growth.

FSA announces annual funding requirement for 2012/13

Thu, 02 Feb 2012 16:55:43 +0100

The Financial Services Authority (FSA) has today announced its proposed Annual Funding Requirement (AFR) for 2012/13. This is likely to be the FSA’s final AFR before it splits into the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), in 2013.

âECB's liquidity operations could cost future generationsâ - Sharon Bowles MEP

Wed, 01 Feb 2012 18:11:30 +0100

Sharon Bowles MEP, who chairs the European Parliament's Economic and Monetary Affairs Committee, has said that the ECB's liquidity operations may save the Eurozone today but at the cost of future generations' livelihoods tomorrow.

NHS interest in technology financing soars

Wed, 01 Feb 2012 18:08:15 +0100

New research from Siemens Financial Services (SFS) has revealed steeply rising interest in leasing in the NHS. The research tracked the number and the value of leasing tenders issued by the NHS – financing arrangements designed to help healthcare organisations acquire the most up-to-date technology. An increase of 28% in the number of NHS leasing tenders was observed in 2011 compared to the previous year. In terms of the aggregate value of those leasing tenders, th ...

Epsom and Ewell MP Chris Grayling to go on âwork experienceâ at local firm

Tue, 31 Jan 2012 17:36:01 +0100

Chris Grayling, the MP for Epsom and Ewell, is to carry out a ‘work experience placement’ at a local firm in order to learn about the challenges and opportunities facing small businesses.

Governmentâs business support in spotlight following demise of local Business Links

Tue, 31 Jan 2012 17:32:56 +0100

Following the demise of regional Business Links, and amid concerns new Local Enterprise Partnerships (LEPs) are more strategic bodies than business service providers, the Forum of Private Business (FPB) has surveyed its members about changes to the business support landscape.

âThe European Central Bank should not be a manâs worldâ â Sharon Bowles MEP

Tue, 31 Jan 2012 17:14:56 +0100

The Chair of the European Parliament’s Economic and Monetary Affairs Committee, Sharon Bowles MEP, has raised concerns that the European Central Bank is dominated by men.

Aircraft industry takes off while air transport remains grounded

Tue, 31 Jan 2012 15:07:48 +0100

2011 was a record year for aircraft manufacturers, as much in terms of units produced as in terms of orders, which doubled relative to 2010. Growth in the sector is being driven by the strong expansion of Asian and Middle East airlines, which are developing fast and increasing their capacity in order to gain market share.

Industry Survey reveals the 2012 Procurement Pulse

Tue, 31 Jan 2012 12:15:42 +0100

Science Warehouse, the leading provider of procurement software solutions and one of the fastest growing companies in the UK e-business sector, conducted a nationwide survey, in association with eWorld Purchasing & Supply, to investigate the procurement pulse of UK businesses. This industry survey revealed that the number one driver for an organisation’s procurement function in 2012 is cutting costs (84%), but 85 per cent plan to invest in procurement capability to achiev ...

Leonard Curtis Business Solutions Group opens new Leeds office

Mon, 30 Jan 2012 12:27:48 +0100

One of the UK’s leading providers of debt and funding solutions continues its national expansion with the opening of a new office in Leeds, one of the largest financial services centres outside London.

Auto-enrolment delays welcomed by Forum of Private Business

Wed, 25 Jan 2012 17:57:37 +0100

Confirmation that the Government’s auto-enrolment pension scheme has been pushed back for SMEs has been welcomed by the Forum of Private Business (FPB).

Forum response to UK economyâs 0.2% contraction

Wed, 25 Jan 2012 17:50:53 +0100

The Forum of Private Business’s (FPB) chief executive Phil Orford said: “There’s no escaping it, the figures are disappointing. But it’s important to put it into perspective. Quarter 4 in 2010 saw a significantly higher contraction of 0.5%, which was attributed to the snowy weather, followed the next quarter by positive growth.

Gross Domestic Product Preliminary Estimate - Q4 2011

Wed, 25 Jan 2012 10:37:47 +0100

Figures released today by the Office for National Statistics (ONS) show that the UK economy shrank by 0.2% during the last three months of 2011.

Intrepid Julie proves sheâs poles apart

Tue, 24 Jan 2012 17:58:34 +0100

Southampton based Hilton-Baird Group has successfully helped a dream come true for Julie Ashmore who became one of just a handful of people to triumph against the elements and reach the South Pole.

Bathroom equipment manufacturer expands product range with Lloyds TSB Commercial Finance

Tue, 24 Jan 2012 17:47:41 +0100

Marleton Cross Ltd, the UK’s leading manufacturer of shower trays, is set to expand its product line, with support from its long-term funding partner, Lloyds TSB Commercial Finance.

Schools must play a bigger part in creating entrepreneurs, says leading business organisation

Mon, 23 Jan 2012 17:27:09 +0100

Schools must take a leading role when it comes to boosting the number of youngsters who grow up to become successful entrepreneurs.

British MEP re-elected Chair of European Parliamentâs Economic and Monetary Affairs Committee

Mon, 23 Jan 2012 16:58:52 +0100

Amid fears that David Cameron’s veto had isolated the UK in Brussels, MEPs from across Europe and the political spectrum have today re-elected British Liberal Democrat MEP Sharon Bowles as Chair of the European Parliament’s Economic and Monetary Affairs Committee.

The Affordable Metropolis

Mon, 23 Jan 2012 16:55:34 +0100

Urban economies (combined public and private sector) across the world are going to require billions of pounds of capital expenditure between now and 2020 if they are to remain economically and competitively sustainable. New research from Siemens has calculated the estimated capital investment – between now and the end of the decade - in the infrastructure of cities and towns of ten sample countries across the world. In the UK, £237 billion will be needed for urban in ...

Forum welcomes Governmentâs âThe Business in Youâ scheme

Mon, 23 Jan 2012 13:13:21 +0100

The Forum of Private Business (FPB) responds to the Prime Minister’s announcement this afternoon on the Government’s ‘The Business Inside You’ scheme.

Hilton-Baird Financial Solutions comment on the deteriorating credit outlook for SMEs

Mon, 23 Jan 2012 13:09:18 +0100

Evette Orams, Managing Director of Hilton-Baird Financial Solutions, comments on the deteriorating credit outlook for SMEs.

Perspective Financial Group announces further finance raising

Mon, 23 Jan 2012 12:48:18 +0100

Perspective Financial Group Ltd, the national IFA group, has today announced it has raised a further finance facility of £3.5 million.

Altrincham firm expands to new premises

Thu, 19 Jan 2012 15:22:13 +0100

A credit management company in Altrincham is expanding to new offices and creating new jobs after a third successive year of growth.

Forum calls on Ofcom to veto Royal Mail price increases

Wed, 18 Jan 2012 13:15:26 +0100

Massive increases to the price of posting mail in the UK will harm small business and hasten the demise of the Royal Mail, the Forum of Private Business (FPB) has warned.

Forum welcomes Michael Goveâs IT teaching announcement

Fri, 13 Jan 2012 12:44:01 +0100

The Forum of Private Business (FPB) has welcomed the Education Secretary’s plans to overhaul the way IT is taught in classrooms.

The Jungle Group invests in Flame & Fairlight

Thu, 12 Jan 2012 15:50:53 +0100

The Jungle Group, one of the UK’s leading post production facilities, today announced its investment in two Flame systems and 12 Fairlight mixing consoles, as part of a studio refurbishment programme across its three sites in Soho. Thanks to swift competitive finance from Azule Finance, The Jungle Group has upgraded its facilities with the latest technology, through a six- figure part finance deal, enabling the company to build on its already impressive status in the UK post-product ...

FPB urges government to tear up weak pub industry proposal after new evidence of âpubco ...

Wed, 11 Jan 2012 17:11:25 +0100

The Forum of Private Business (FPB) is urging the Government to tear up a proposal for pub company self-regulation following new evidence suggesting ministers colluded with ‘pubcos’ while failing to consult groups representing landlords.

South East Euro MP Sharon Bowles joins capitalism project taskforce

Tue, 10 Jan 2012 18:05:53 +0100

Sharon Bowles MEP, who represents South East England in the European Parliament, has been invited by the Henry Jackson Society to sit on the taskforce of a new project which will analyse the future direction of capitalism.

Connaught announce Mayfair Bridging as additional Specialist Partner

Tue, 10 Jan 2012 12:22:36 +0100

Connaught Asset Management, the boutique asset manager, has today announced that the directors of its regulated subsidiary, Connaught Asset Management (Guernsey) Ltd, have approved the appointment of bridging finance lender, Mayfair Bridging 2 Limited, as an additional Specialist Partner to its Connaught Income Fund Series 2.

Next-generation finance provider MarketInvoice channels Â£1 Million of funding to SMEs in December

Tue, 10 Jan 2012 11:56:54 +0100

As the Bank of England warns about tightening wholesale finance conditions, data from online invoice trading platform MarketInvoice has indicated that larger companies have now started to look for alternative means of short term working capital funding. The online invoice trading platform for growing SMEs, has announced it saw a record month in December 2011 with over £1 million channelled to 50 registered companies. This takes the total volume of finance channelled to SMEs via ...

SME confidence crisis threatens recovery

Mon, 09 Jan 2012 11:32:26 +0100

As we enter 2012 many of us will be hoping for a prosperous start to the New Year, but sadly for most businesses the reality is somewhat different. Hilton-Baird Financial Solutions’ latest biannual SME Trends Index, which questioned 417 business owners and finance directors last October, has shown most respondents enter January 2012 more apprehensive about the future than they were in April 2011.

John Walker, National Chairman of the FSB, New Year message

Fri, 06 Jan 2012 13:45:33 +0100

2011 has been a year of huge global events and news stories which have had us all gripped. And next year is set to be yet another tough year for small businesses.

Forum slams HMRCâs âharassment and mistreatmentâ of small businesses

Fri, 06 Jan 2012 11:40:45 +0100

The Forum of Private Business (FPB) is warning firms to pay their tax bills on time or face large fines, amid criticisms that HMRC’s paperwork spot checks regime is targeting them at the expense of large companies.

Forum warns Government over plans to ditch school work experience placements

Thu, 05 Jan 2012 15:00:05 +0100

The Forum of Private Business (FPB) has expressed concern at government proposals to scrap mandatory work experience for GCSE pupils.

Forum of Private Business New Year Message 2012

Tue, 03 Jan 2012 10:49:48 +0100

On the cusp of a new year likely to be filled with many difficulties, challenges and opportunities for entrepreneurs Phil Orford, Chief Executive of the not-for-profit Forum of Private Business (FPB), takes stock of the past 12 months and looks ahead to the future.

Tiuta announce new BDM appointment

Fri, 23 Dec 2011 11:42:23 +0100

Tiuta PLC, the short-term loan lender, has today announced the appointment of Georgina Lanario as its new Business Development Manager (BDM).

Forum of Private Business economics expert looks ahead to 2012

Wed, 21 Dec 2011 19:46:28 +0100

While the 2008 recession was not as deep or prolonged as the infamous 1930s Great Depression, the UK's economy is in danger of taking far longer to recover this time round.

Touch Financial Shortlisted for Business Moneyfacts Award

Mon, 19 Dec 2011 18:11:23 +0100

Touch Financial has once again been shortlisted in the Asset Based Finance Broker of the Year category of the prestigious Business Moneyfacts Awards.

MarketInvoice comments on yesterdayâs announced âTaskforce to boost finance options ...

Thu, 15 Dec 2011 19:31:33 +0100

Anil Stocker, Co-founder & Director of MarketInvoice comments on yesterday’s announced “Taskforce to boost finance options for businesses”:

Tiuta reveal Â£30m of funding and newâ¨partnership with Baltic International Bank

Thu, 15 Dec 2011 19:12:35 +0100

Tiuta PLC, the short-term loan lender, has today revealed it has secured £30 million of new funding for use during December 2011 and January 2012.

Taskforce to boost finance options for businesses

Wed, 14 Dec 2011 22:07:49 +0100

Business Secretary Vince Cable today set out the next steps to diversify business finance, announcing details of an industry-led Taskforce to be led by Tim Breedon, Legal and General chief executive and current chairman of the Association of British Insurers.

FSA appoints John Spence as non-executive director of the Money Advice Service

Tue, 13 Dec 2011 18:53:25 +0100

The Financial Services Authority (FSA) has appointed John Spence as a non-executive director to Board of the Money Advice Service with effect from 2 January 2012.

Neil Warman joins The Nostrum Group as new CFO

Tue, 13 Dec 2011 18:43:04 +0100

Neil Warman has joined The Nostrum Group (“Nostrum”) as its new Chief Financial Officer.

Duff & Phelps finalist in Business Moneyfacts Awards 2012

Tue, 13 Dec 2011 18:32:57 +0100

Duff & Phelps Corporation, a leading independent financial advisory and investment banking services firm, has made the final shortlist in the category of Best Business Recovery Specialist in the annual Business Moneyfacts Awards 2012.

BIS statement on FSA report into RBS

Mon, 12 Dec 2011 18:04:48 +0100

Business Secretary Vince Cable said: “Following the near collapse of RBS, I called for the publication of a full report into what happened so that lessons can be learned from one of the largest ever bank bail outs. I am pleased that the FSA’s report has now been published.

MPC should have increased QE, says BCC

Thu, 08 Dec 2011 15:42:16 +0100

Commenting on today’s Monetary Policy Committee (MPC) decision, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

New âEconomy Watchâ survey shows small business confidence falling amid economic turmoil

Thu, 08 Dec 2011 15:15:55 +0100

With a ‘double dip’ recession a very real possibility, the Forum of Private Business (FPB) has resurrected it’s ‘Economy Watch’ member panel survey a year after the previous report showed firms were seeing an upturn in orders and turnover yet struggling to make a profit.

New intellectual property support for SMEs

Thu, 08 Dec 2011 14:59:58 +0100

 New measures announced by the Government today will help small and medium sized firms to protect their intellectual property and grow their business.

Bosses urged not to cancel Christmas party by business support group

Wed, 07 Dec 2011 16:31:54 +0100

Desperate times call for desperate measures – but do not ditch the all important Christmas party this year for the sake of a few pounds and a bit of thought, the Forum of Private Business (FPB) has warned.

Latest ABFA figures reveal invoice finance funding rises to Â£16billion

Tue, 06 Dec 2011 17:07:59 +0100

The level of funding to businesses through invoice finance has risen to its highest value since the start of the recession, according to the latest figures released by the Asset Based Finance Association, (ABFA).

Rawlinsons Top Tips forâ¦Making the most of tax relief at Christmas

Tue, 06 Dec 2011 15:30:11 +0100

There’s no better time to reward staff and customers than at Christmas. But the tax man is less generous than Santa and there are certain clauses you need to be aware of before you start popping £50 notes into envelopes to hand out over mulled wine round the office tree.

Shop fitting business set for success with Â£1.5 million Lloyds TSB Commercial Finance boost

Mon, 05 Dec 2011 13:28:27 +0100

A Northampton-based shop fitting company is set for an optimistic year after securing a £1.5 million factoring facility from Lloyds TSB Commercial Finance.

Forum urges government not to miss its chance for a full public consultation into pub sector

Fri, 02 Dec 2011 15:51:06 +0100

The Forum of Private Business (FPB) is calling for a full public consultation on changes to the new, self-policed pub industry framework code of practice, ahead of what could be the final chance to convince the Government its reforms do not go far enough to protect publicans from mistreatment by large pub companies.

âWe are potentially facing the demise of the Euro by Christmasâ - Sharon Bowles MEP

Fri, 02 Dec 2011 15:30:16 +0100

Sharon Bowles MEP, who chairs the European Parliament’s powerful Economic and Monetary Affairs Committee, has warned that there may not be a Eurozone come Christmas.

âNon-financial firms should not be too big to failâ says Euro MP Sharon Bowles

Thu, 01 Dec 2011 16:31:26 +0100

Sharon Bowles MEP, who chairs the European Parliament’s Economic and Monetary Affairs Committee, has demanded more concrete provisions for companies deemed 'too big to fail' in the European Commission's forthcoming proposals on corporate governance for EU companies.

Connaught announce 2012 UCIS education seminar dates and venues

Thu, 01 Dec 2011 12:34:48 +0100

Connaught Asset Management, the boutique asset manager, has announced the dates and venues in 2012 for its series of seminars on the regulations surrounding Unregulated Collective Investment Schemes (UCIS) and their application in client portfolios.

FPB responds to the Chancellorâs Autumn Statement on regional infrastructure announcements

Wed, 30 Nov 2011 17:03:15 +0100

Phil Orford, Chief Executive of the not-for-profit small business body the Forum of Private Business (FPB), has responded to the regional infrastructure proposals in yesterday’s Autumn Statement from the Chancellor, George Osborne.

Hilton-Baird Financial Solutions comments on Chancellor George Osborneâs Autumn Statement.

Tue, 29 Nov 2011 17:33:03 +0100

Evette Orams, Managing Director of Hilton-Baird Financial Solutions, comments on Chancellor George Osborne’s Autumn Statement.

Autumn statement puts onus on businesses to grow

Tue, 29 Nov 2011 16:38:11 +0100

Sarah Thwaites, Deputy CEO of the Financial Skills Partnership, said, “The economy was in desperate need of measures that would allow SMEs to forge ahead with their growth plans without the high risk previously associated with doing so. The business friendly announcements made today are a vital part of the solution and allow smaller firms to receive support to increase staff numbers.

Creditsafe comment on todayâs announcement on credit easing in the Governmentâs ...

Tue, 29 Nov 2011 16:00:45 +0100

David Knowles, Business Development Director of Creditsafe, comments on this afternoon’s announcement on credit easing in the Government’s autumn statement.

Forum of Private Business responds to the Chancellorâs Autumn Statement

Tue, 29 Nov 2011 15:15:36 +0100

Phil Orford, Chief Executive of the not-for-profit small business body the Forum of Private Business (FPB), has responded to today’s Autumn Statement from the Chancellor, George Osborne.

The Chancellor of the Exchequer delivered his 2011 Autumn Statement to Parliament

Tue, 29 Nov 2011 13:40:34 +0100

Responding to the Office of Budget Responsibility’s (OBR) updated Economic and Fiscal Outlook, the Chancellor has set out details of further action the Government will take to protect the UK from global instability and the euro area crisis and build a stronger, more balanced economy for the future.

Experian, comments on the credit easing schemes announced in todayâs Autumn Statement

Tue, 29 Nov 2011 13:06:55 +0100

“While this is a positive step in terms of boosting SME growth, it is still imperative that banks and other providers of SME finance understand the level of the risk involved with lending to each individual business. The finance available from these initiatives needs to be directed at the small and medium sized businesses with the potential to expand and in turn aid economic development.

Invoice finance vital to support UK exports, says Lloyds TSB Commercial Finance

Tue, 29 Nov 2011 11:20:35 +0100

Invoice finance has been reaffirmed as a key form of finance for SMEs wanting to capitalise on export opportunities, which the CBI believes could give the UK economy a £20 billion lift.

Health and safety bonfire welcomed by Forum of Private Business

Mon, 28 Nov 2011 16:49:30 +0100

News the Government is planning to slash health and safety red tape for small business as early as January has been welcomed by the Forum of Private Business (FPB).

Wish list for the Chancellor's Autumn Statement

Mon, 28 Nov 2011 15:37:10 +0100

With the Chancellor George Osborne giving his autumn statement tomorrow, voices from the business and skills arena are demanding measures to boost the performance of UK enterprise.

Tax breaks for private lenders in autumn statement 'would boost competition'

Fri, 25 Nov 2011 20:43:02 +0100

The Forum of Private Business is repeating its call for the Government to hand private lenders tax breaks in next week’s autumn statement in order to stimulate competition with leading banks and bring down borrowing costs.

Forum of Private Business blasts Governmentâs pub industry report as âhugely ...

Thu, 24 Nov 2011 15:52:09 +0100

The Forum of Private Business (FPB) is responding to today’s report into unfair practices committed by large pub companies against their tenants by calling the Government’s proposals ‘hugely disappointing’.

Corporation tax cuts top SME wish list

Wed, 23 Nov 2011 14:40:09 +0100

With the Chancellor’s Autumn Statement set for 29th November, SMEs have given a clear mandate for change. Having been hit hard by the Government’s austerity measures, businesses are demanding various tax amendments to help them thrive. Despite prior cuts earlier this year, 21% of businesses questioned in Hilton-Baird Financial Solutions’ latest SME Trends Index said a further reduction in Corporation Tax is needed to aid growth.

Autumn Statement must deliver for SMEs, warns Forum of Private Business

Tue, 22 Nov 2011 17:48:08 +0100

A number of key issues affecting small business must be addressed by Government in next week’s Autumn Statement if the economy is to grow next year, a not-for-profit lobby group has said in a letter to ministers this week.

Hilton-Baird Financial Solutions comment on latest Project Merlin lending figures

Tue, 22 Nov 2011 17:29:50 +0100

Evette Orams, Managing Director of Hilton-Baird Financial Solutions, said: “The latest Project Merlin lending figures demonstrate that while credit conditions for UK businesses are improving, SMEs - the engine of the British economy – are still struggling to access the funding they urgently require.

Public procurement announcement a big deal for SMEs, says Forum of Private Business

Tue, 22 Nov 2011 12:34:31 +0100

News that the Government will implement ‘radical reform’ to the public procurement system – essentially how it does business with UK firms – has been welcomed by the Forum of Private Business (FPB).

Oakwood undergoes complete branding exercise

Mon, 21 Nov 2011 18:08:59 +0100

Oakwood Global Finance LLP is undertaking a comprehensive branding and communications campaign in order to clarify its proposition to the market.

RAVAS winds down successful campaign against VAT avoidance

Thu, 17 Nov 2011 16:38:56 +0100

The group of retailers campaigning against an industrial-scale offshore VAT avoidance scheme that has destroyed scores of viable, job-creating businesses and cost the UK taxpayer over a billion pounds, is winding down its campaign, having accomplished its mission.

David Totney returns to the independent invoice finance market with Positive Cashflow Finance

Thu, 17 Nov 2011 12:09:09 +0100

Leading commercial finance specialist David Totney has joined independent invoice financier Positive Cashflow Finance (“Positive”) to spearhead the launch of the company’s Birmingham office.

A glimmer of hope for UK SMEs

Tue, 15 Nov 2011 17:00:13 +0100

As the Office for National Statistics reports a growth in GDP of 0.5% in Q3 2011, UK businesses are faring better than they were six months ago, at least in some respects. However, SMEs remain cautious as testing times lie ahead, according to Hilton-Baird Financial Solutions’ latest biannual SME Trends Index, which questioned 417 business owners and finance directors in October 2011.

More than two thirds of SMEs in the UK expect growth in 2012

Mon, 14 Nov 2011 17:57:05 +0100

A poll of small and medium sized enterprises (SMEs) in the UK conducted by Experian reveals that 70 per cent are expecting sales growth in 2012. Almost one in five SMEs (18 per cent) also plan to increase their headcount next year.

Europeâs Catch 2012: a comment on the Eurozone crisis by Sharon Bowles MEP

Mon, 14 Nov 2011 17:53:28 +0100

The direction of the European, and potentially global, economy appears currently to rest on one decision: does the ECB intervene by purchasing periphery government debts in large quantities, also called quantitative easing, thereby basically printing money? To many, this now appears to be the only option - the alternative is a financial meltdown - but is it actually a different option? We did not get into this situation by sheer bad luck and whichever path we take, serious and life chang ...

Euro MP Sharon Bowlesâ radical plan to make lending to SMEs more attractive

Mon, 14 Nov 2011 17:45:29 +0100

Both the UK, and now the EU, is fretting that SMEs are getting squeezed by bank deleveraging. Sharon Bowles MEP is proposing a radical plan to make lending to SMEs more attractive.

Noble Systems Deploys WFM Software at National Express

Thu, 10 Nov 2011 17:49:29 +0100

Noble Systems announces that the latest version of the Noble® ShiftTrack Workforce Management (WFM) system has been deployed into the National Express UK coach contact centre in Birmingham to assist the business in moving to a 24/7 operation and includes the integration of the WFM application into the Mitel telephony system. The call centre provides around the clock support to its customers, booking tickets, providing travel information and handling written correspondence. National E ...

Lloyds TSB Commercial Finance advises businesses to prepare for winter by following the five Cs

Thu, 10 Nov 2011 17:39:33 +0100

Bad weather can affect businesses regardless of sector and size, so it is essential to prepare for a trading slowdown caused by these conditions, says Lloyds TSB Commercial Finance.

Hartlepool business wired for success with Lloyds TSB Commercial Finance

Thu, 10 Nov 2011 17:16:10 +0100

Hartlepool business Expert Cables has generated sales of £7 million in its first year of trading and is set for further growth, after securing a £4 million factoring facility from Lloyds TSB Commercial Finance.

Forum welcomes Governmentâs Finance Fitness plan

Wed, 09 Nov 2011 17:11:27 +0100

A business support group has welcomed the Government’s new Finance Fitness campaign.

Business support group welcomes Government decision to scrap LVCR

Tue, 08 Nov 2011 17:00:14 +0100

The Forum of Private Business (FPB) has welcomed the Government’s announcement it will scrap a Channel Island’s tax loophole allowing large Internet suppliers to dodge VAT as of next year.

Shawbrook Bank chooses Target to manage its commercial mortgage portfolio

Thu, 03 Nov 2011 15:27:37 +0100

Specialist loans and savings bank, Shawbrook, has appointed leading financial outsourcing provider, Target Group, to manage and service its growing commercial mortgage portfolio. The new bank provides retail savings as well as three core loan products, commercial mortgages, secured loans and unsecured debtor-creditor-supplier loans.

Doncaster business to deliver growth with Lloyds TSB Commercial Finance

Thu, 03 Nov 2011 14:51:55 +0100

A Doncaster-based haulage business is set to double its turnover over the next 12 months after securing a £500,000 facility from Lloyds TSB Commercial Finance.

Act now to safeguard aganst winter weather, Forum of Private Business warns

Wed, 02 Nov 2011 16:43:16 +0100

A not-for-profit business support group has said small firms should start planning now for harsh winter weather to avoid being caught out by sudden cold snaps as seen during the previous two years.

Slow growth but many businesses remain at a standstill

Tue, 01 Nov 2011 18:09:15 +0100

Despite a modest rise in GDP, most businesses are still struggling to expand – only 21% are doing so according to R3, the insolvency trade body. R3’s quarterly Business Distress Index shows that only 22% have seen increased profits, and only 11% increased their workforce in Q3.

Business support group warns of fears for job losses as Tesco makes move on hair and beauty sector

Tue, 01 Nov 2011 12:44:49 +0100

The Forum of Private Business (FPB) is warning that jobs in the hair and beauty sector could be at risk after Tesco began offering budget cuts and treatments in some of its stores.

Lloyds TSB Commercial Finance supports MBO of Encon Group

Mon, 31 Oct 2011 18:10:39 +0100

Lloyds TSB Commercial Finance has provided a £35 million receivables finance line to part fund the management buy-out (MBO) of Encon Group, led by Stuart Moore, from its parent company Wolseley UK, securing the long term future of its UK wide 500+ employee base.

Survey shows spiralling energy prices and other costs are hitting small businesses hard

Fri, 28 Oct 2011 12:46:46 +0100

Spiralling inflation is continuing to hit small businesses hard, with runaway energy costs impacting on them the most, research carried out by the Forum of Private Business (FPB) has shown.

Sharon Bowles MEP - plenary speech on the outcome of the Eurozone summit

Thu, 27 Oct 2011 12:27:52 +0100

“Presidents, thank you. As ever, we await details. Concerning the EFSF, the credit-enhancement option has similarity to mortgage and US department guarantees whilst the SPV option has similarities with known structured products. However, neither has been tested on the markets on this scale and so there will be challenges to meet in deployment.

UK corporates 'remain doubtful' of confidence being restored in eurozone

Thu, 27 Oct 2011 12:25:09 +0100

Despite last night’s decision by Eurozone leaders to boost the European Financial Stability Facility (EFSF) from the current €440 billion to around €1 trillion, research conducted by Investec Corporate & Institutional Treasury with senior executives shows that they do not believe that the European Financial Stability Facility will be sufficient in securing confidence in Eurozone sovereign debt markets.

Sickness absence costs small businesses Â£1,500 per year, new figures show

Thu, 27 Oct 2011 12:00:26 +0100

Government must introduce a small employer's relief for the recovery of statutory sick pay (SSP), as new figures from the Federation of Small Businesses (FSB) show that sickness absence costs small businesses on average £1,500 per year.

Sharon Bowles MEP, Chair of European Parliamentâs economics committee, comments on ...

Thu, 27 Oct 2011 10:43:50 +0100

Below is a statement from the Chair of the European Parliament’s Economic and Monetary Affairs Committee, Sharon Bowles MEP, on the Eurozone summit.

BCC: Changes to dismissal rules will boost business growth

Wed, 26 Oct 2011 13:12:20 +0100

Commenting on Adrian Beecroft’s proposal to radically alter dismissal rules, John Longworth, Director General of the British Chambers of Commerce (BCC), said:

Ethos public relations creates a buzz

Wed, 26 Oct 2011 12:11:43 +0100

Staff and clients at Manchester-based Ethos public relations are set to benefit from a bumper harvest following the company’s sponsorship of a beehive as part of its support for Salford Bee Collective.

FPB calls on TUC leader to apologise for accusing employer groups of âfanatical right wing ...

Tue, 25 Oct 2011 17:48:24 +0100

The Forum of Private Business (FPB) is calling on the Trade Union Congress (TUC) leader Brendan Barber to apologise to small business owners following comments in which he accused employer organisations of pursuing a ‘fanatical right wing agenda’ that does not reflect the concerns of their members.

âEU proposals on corporate transparency in the developing world is welcome newsâ ...

Tue, 25 Oct 2011 14:50:40 +0100

New proposals, announced by the European Commission today, will require European companies to divulge more information about their activities in the developing world.

Call to place micro businesses in the spotlight following new late payment figures

Tue, 25 Oct 2011 13:15:59 +0100

Calls for a special day to recognise the role played by small employers in the UK’s economy have intensified following new research showing that the smallest micro businesses are leading the way in tackling late payment.

Car parts firm drives ahead with Lloyds TSB Commercial Finance

Tue, 25 Oct 2011 12:59:51 +0100

Kent-based SC Motor Factors is set to continue its expansion in the South East and plans to open a new store in the next eight months thanks to continued support from Lloyds TSB Commercial Finance’s hire purchase team.

Post Office guarantees to beat quotes for BTL business insurance renewals

Mon, 24 Oct 2011 12:29:20 +0100

As from 17 October 2011, the Post Office is guaranteeing to beat business insurance renewal quotes for buy-to-let property owners.

Forum urges MPs to back call to save landlords from mistreatment by pub companies

Fri, 21 Oct 2011 14:54:47 +0100

The Forum of Private Business (FPB) is urging all MPs to back a Parliamentary motion calling on the Government to free landlords from being held to ransom by pub companies imposing restrictive ‘tied’ arrangements on them.

âEuropean leaders are on borrowed time to save the Euroâ - Sharon Bowles MEP

Fri, 21 Oct 2011 14:47:23 +0100

Speaking at the Association for Financial Markets in Europe’s 6th Government Bonds conference in Brussels today, Sharon Bowles MEP, who chairs the European Parliament's Economic and Monetary Affairs Committee, gave a stark warning to European leaders who will be attending the European Council meetings next week, that the stakes have never been higher.

Research shows bank initiatives to boost small business lending have not gone far enough, says FPB

Thu, 20 Oct 2011 18:07:00 +0100

Just over a year after the launch of the British Bankers’ Associations’ (BBA’s) Business Finance Taskforce, new research suggests that it has not yet achieved its aim of repairing the relationship between banks and small businesses.

Sharon Bowles MEP welcomes long-awaited review of Financial Markets directive

Thu, 20 Oct 2011 17:47:06 +0100

The Chair of the European Parliament’s influential Economic and Monetary Affairs Committee, Sharon Bowles MEP, has welcomed the Markets in Financial Instruments Directive (MiFID) review, released today. Covering the breadth of financial markets, the MiFID review - which comes in the form of a Regulation and a Directive - legislates on trading venues, transparency issues, transaction reporting, high frequency trading, conduct of business rules, and sanctions.

Science Warehouse Reports Another Year of Growth

Wed, 19 Oct 2011 18:16:27 +0100

Science Warehouse, one of the fastest growing companies in the e-business sector, is celebrating a fourth consecutive year of rapid growth.

Consultation on the future role of the Financial Reporting Council

Tue, 18 Oct 2011 22:37:47 +0100

A consultation proposing the refocusing and streamlining of the Financial Reporting Council (FRC) is being launched by the Department for Business, Innovation and Skills (BIS) and the FRC today.

UK Mailâs hybrid mail solution boosts its customer benefits

Mon, 17 Oct 2011 17:58:45 +0100

imail, the UK’s leading hybrid mail solution, has transformed the way that thousands of businesses now send mail. Expertly combining the ease of e-communications with the impact of physical mail, imail allows users to produce, print, proof and post letters, direct mail, postcards, flyers and other forms of correspondence directly from a PC, Mac or laptop, without even having to leave their chair. As well as cutting mailing costs by some 60% imail is also able to bolster direct ...

Forum of Private Business responds to launch of new Shawbrook Bank

Mon, 17 Oct 2011 17:50:32 +0100

The Forum of Private Business (FPB) has given a cautious welcome to a new bank launched this week promising to lend £250 million per year exclusively to small businesses.

Head of government affairs for Asset Based Finance Association appointed

Mon, 17 Oct 2011 17:20:27 +0100

The Asset Based Finance Association (ABFA) has announced that Matthew Davies will be joining the Association in October in the new role of Head of Government Affairs.

Entrepreneurs tell politicians of fears about economy during small business work experience visits

Fri, 14 Oct 2011 16:58:23 +0100

The state of the economy has been the main topic of discussion between small business owners and politicians taking part in a ‘work experience’ scheme being run by the Forum of Private Business (FPB).

FSA and SEC hold Strategic Dialogue Meeting

Thu, 13 Oct 2011 16:26:50 +0100

Financial Services Authority (FSA) chief executive Hector Sants today met with US Securities and Exchange Commission (SEC) chairman Mary L Schapiro as part of the SEC-FSA Strategic Dialogue sessions established in 2006. The purpose of the Dialogue is for the two agencies to engage at senior levels on current matters affecting the UK and US capital markets and areas of future collaboration.

John Miller Ltd delivers growth with Lloyds TSB

Tue, 11 Oct 2011 09:38:23 +0100

A Dumfries haulage firm is set to open a new seven acre headquarters in Lockerbie after securing a funding package from Lloyds TSB.

Tiuta announce large loan evolution

Tue, 11 Oct 2011 09:30:41 +0100

Tiuta PLC, the short-term loan lender, has today (11th October 2011) announced an evolution of its product range and is offering finance for higher value, larger bridging loans.

E-revolution heralds 'seismic' shift in business landscape, says Futurology Report

Mon, 10 Oct 2011 14:49:14 +0100

The next 10 years will herald a ‘seismic shift’ in the business landscape in this country, the likes of which has not been seen since the original industrial revolution, finds a new report looking at the future of UK firms.

Businesses miss out on cash deposits

Mon, 10 Oct 2011 12:08:51 +0100

New research1 from Investec Bank (‘Investec’) reveals that 37% of businesses with an annual turnover of £1 million or more have a staggering £21.34 billion in deposit accounts paying less than 0.5% Gross AER.

Government proposes new rules to save SMEs Â£millions in reporting and accountancy fees

Thu, 06 Oct 2011 17:53:19 +0100

More than 100 thousand UK businesses could save in excess of £600 million in accountancy and administration costs every year under proposals to reduce financial reporting requirements, published by the Department for Business, Innovation and Skills today.

Venture proves key in Unipart deal

Thu, 06 Oct 2011 17:21:32 +0100

H2 Equity Partners, the independent private equity firm, has acquired a controlling stake in Unipart Automotive (UA), the UK’s largest independent supplier of car parts, from Unipart Group.

Chair of European Parliament Committee thanks outgoing European Central Bank President for hard work

Wed, 05 Oct 2011 17:42:17 +0100

The Chair of the European Parliament's Economic and Monetary Affairs Committee, Sharon Bowles MEP, has thanked the outgoing President of the European Central Bank, Jean-Claude Trichet, for his eight years of hard work.

Aspect Recognised in Software Magazineâs 29th Annual Software 500 for Sixth Consecutive Year

Wed, 05 Oct 2011 10:00:49 +0100

Aspect, a leading provider of customer contact and Microsoft platform solutions, today announced its inclusion in Software Magazine’s Software 500 ranking of the world’s largest software and service providers, now in its 29th year. Aspect was ranked 117 based on $468.6 Million in revenue and a 4.8 percent growth rate.

Forum of Private Business responds to Chancellorâs Conservative Party conference speech

Wed, 05 Oct 2011 09:56:16 +0100

Phil Orford, Chief Executive of the leading not-for-profit small business organisation the Forum of Private Business (FPB), has responded to today’s Conservative Party conference speech given by the Chancellor, George Osborne.

Expected increase in UK company failures still failing to materialise

Mon, 03 Oct 2011 10:14:11 +0100

The rate of company failures slowed during the third quarter despite an increase in corporate insolvencies during the first half of this year, with the number of company failures expected to be down 1.5 per cent on the period April – June, according to the Graydon Insolvency Predictor.

Avaloq Group Achieves Oracle PartnerNetwork Specialized Partner Status for â¨Oracle Database 11g

Sun, 02 Oct 2011 18:51:38 +0100

Avaloq group, the reference for integrated and comprehensive banking software solutions, and a Gold member of Oracle® PartnerNetwork (OPN), has announced it has achieved OPN specialized status for Oracle Database 11g.

Credit creation and social optimality â a speech by Lord Turner

Thu, 29 Sep 2011 21:43:01 +0100

Ensuring greater financial stability may require policy makers to make judgements about the right level of credit in the economy, and about the relative value of different categories of credit created by the banking system, said Adair Turner, chairman of the FSA at a speech this evening.

Senior Lib Dem accuses Conservative and Labour MEPs of threatening economic stability of the city

Wed, 28 Sep 2011 21:18:02 +0100

Liberal Democrat MEP Sharon Bowles, the Chair of the influential Economic and Monetary Affairs Committee in the European Parliament, has accused fellow Conservative and Labour MEPs of undermining the economic stability of the Eurozone and UK for their refusal to back tighter fiscal rules for euro members.

Poor foreign language skills cost small businesses billions, warns Forum of Private Business

Wed, 28 Sep 2011 21:04:47 +0100

The Forum of Private Business (FPB) is warning that poor foreign language skills cost British businesses £21 billion per year, leaving them behind large companies which are increasingly investing in multilingual staff.

Investec strengthens asset finance division with senior hire

Wed, 28 Sep 2011 20:43:52 +0100

Following steady growth and a four-fold increase in profits since 2010, Investec Asset Finance (‘Investec’) has appointed Wesley Harfield as Head of Sales. Wesley will report to Mike Francis to help grow the Asset Finance business through increased levels of origination within the broker, direct and vendor channels.

"New Economic Governance rules give EU hope for future stability" says Sharon Bowles MEP

Wed, 28 Sep 2011 20:37:45 +0100

The Liberal Democrat Chair of the European Parliament’s Economic and Monetary Affairs Committee, Sharon Bowles MEP, welcomes Parliament’s approval of the Economic Governance package – legislation which will bring about tighter rules on economic policy coordination across the EU.

'Entrepreneurs are the real innovators â so let them protect their ideas'

Tue, 27 Sep 2011 17:58:25 +0100

The Forum of Private Business (FPB) is calling for small firms’ patent rights to be better protected amid concerns that many cannot afford to sue companies which steal their ideas.

Derby business employs Lloyds TSB funding to boost growth

Tue, 27 Sep 2011 12:30:05 +0100

Pegasus Staff Services, a Derby-based recruitment firm which specialises in the transport sector, is targeting 20 per cent growth after securing a £350,000 funding package from Lloyds TSB Commercial Finance.

Tieto appoint new business development director

Tue, 27 Sep 2011 11:36:56 +0100

Tieto UK Limited have appointed Ian Wilson as Business Development Director for financial services with responsibility for new business sales and expansion of its client base in the UK market.

GCL plugs into growth with Lloyds TSB Commercial Finance

Mon, 26 Sep 2011 18:38:50 +0100

A Tunbridge Wells-based electrical contracting company which installs IT cabling, is set to increase turnover to £4 million after securing a £400,000 factoring facility from Lloyds TSB Commercial Finance.

Science Warehouse expands award winning team to support continued growth

Wed, 21 Sep 2011 22:13:34 +0100

Science Warehouse, a UK leader in web-based cost saving purchasing solutions for both the private and public sector, has bolstered its team with a new appointment and an internal promotion at its Leeds-based head office.

AFME and ICMA announce new co-operation agreement

Tue, 20 Sep 2011 20:26:59 +0100

The Association for Financial Markets in Europe (AFME) and the International Capital Market Association (ICMA) have announced the signing of a Memorandum of Understanding (MoU) which will strengthen their co-operation on matters of mutual interest in European financial markets. The agreement is focused on streamlining communication between the two associations and eliminating any operational inefficiency which could arise through duplication of effort. The aim is to maximise the influence ...

Bankrupt gets 12-month prison sentence for disposal of assets

Thu, 15 Sep 2011 16:32:08 +0100

Mukhesh Girdharlal Vagharia, a bankrupt, has been sentenced by Leicester Crown Court to 12 months imprisonment after pleading guilty to two counts of fraudulently removing property before and after his bankruptcy. Mr Vagharia’s conviction follows an investigation by The Insolvency Service and prosecution by the Department for Business Innovation and Skills (‘BIS’).

Four former directors of Luton Town FC banned

Thu, 15 Sep 2011 15:55:44 +0100

Four former directors of Luton Town Football Club Limited (“LTFC”) were disqualified from acting as directors or in any way managing or controlling limited companies for periods ranging from three to seven years On 5 September 2011, following a six-day trial at the High Court in London. The disqualifications follow an investigation and proceedings brought by The Insolvency Service.

Prime Minister urges MPs to take part in small business âwork experienceâ scheme

Thu, 15 Sep 2011 13:37:49 +0100

The Prime Minister David Cameron is encouraging MPs to gain valuable ‘work experience’ in local small businesses by taking part in the Business Buddy scheme being run by the Forum of Private Business (FPB).

CBI comments on latest unemployment data

Wed, 14 Sep 2011 16:01:55 +0100

The Conferderation of Business Industry (CBI) today commented on latest official unemployment figures showing the number of people out of work rose by 80,000 to 2.51 million in the three months to July.

Ultimate Finance Group appoint new regional director, South East

Tue, 13 Sep 2011 16:44:02 +0100

Ultimate Finance Group plc, a leading provider of financial solutions to SMEs, is pleased to announce that it has appointed Matthew Speed as Regional Director, South East, expanding its sales team in the region. Matthew was formerly Senior Client Manager at the Group and has now moved to help ensure financing solutions are more widely accessible to SMEs within the region.

Andrew Slatford appointed to the Board of The Asset Works

Mon, 12 Sep 2011 15:51:23 +0100

The Asset Works, a global leader in leased asset management and verification services, is pleased to announce the appointment of Andrew Slatford as a non-executive director.

Birmingham manufacturing firm boosts working capital with Lloyds TSB Commercial Finance

Thu, 08 Sep 2011 19:37:51 +0100

Widney Manufacturing, a long-standing Birmingham business, has secured a £200,000 hire purchase facility to compliment an existing £1.6 million working capital facility from Lloyds TSB Commercial Finance to support its ongoing expansion, in the UK and internationally.

Private sector pay growth declines for second month in a row while public sector pay creeps up

Thu, 08 Sep 2011 17:55:47 +0100

Private sector pay growth as measured by the VocaLink FSTE 350 Take Home Pay Index has declined for the second consecutive month to hit 2.7% in August, down from 2.9% for the three months to July. As a result of April’s increase in Income Tax free personal allowance, private sector pay growth remains above the levels seen throughout 2009 and 2010 but it is still considerably lower than in 2008 when growth averaged at 3.3%.

Doncaster businessâ window of growth with Lloyds TSB

Wed, 07 Sep 2011 22:34:05 +0100

The Doncaster business is on track to increase turnover to £31 million this year after securing a £6 million funding package from Lloyds TSB Commercial Finance.

Boost for employers as apprenticeships red tape is slashed

Tue, 06 Sep 2011 23:17:21 +0100

Skills Minister John Hayes today announced a package of new measures to make it easier for employers to take on large numbers of apprentices.

Debt expert launches new business advisory service

Tue, 06 Sep 2011 22:39:59 +0100

Award-winning debt management company, The Debt Advisor has launched a new business support service to help SMEs survive and grow in the current turbulent economic climate.

British Euro MP Sharon Bowles named on list of Top 10 âmost influentialâ regulators

Mon, 05 Sep 2011 17:36:40 +0100

British Euro MP, Sharon Bowles, who represents South East England at the European Parliament and chairs the Parliament’s powerful Economic and Monetary Affairs Committee, has been named on a list of the Top 10 ‘most influential’ regulators by Financial News, a leading industry newspaper.

FRC acts to increase transparency in corporate reporting

Fri, 02 Sep 2011 14:52:17 +0100

Companies should improve the way they report to investors on the key strategic risks facing their businesses, according to two new reports published today by the Financial Reporting Council (FRC).

Spiralling legal consultantsâ fees hit small firms with almost Â£6bn in annual ...

Wed, 31 Aug 2011 16:31:06 +0100

Just a month before a raft of legal changes take place, research from the Forum of Private Business (FPB) shows small firms pay almost £6 billion per year to outside consultants in exchange for support on complying with regulations – more than a third of their £16.8 billion annual red tape bill.

UK SMEs suffer confidence crisis

Mon, 22 Aug 2011 14:11:48 +0100

The UK economy might be on the road to recovery, but business confidence is still faltering with 28% of UK businesses admitting they are concerned about generating and winning new business over the next six months. This was revealed in the latest SME Trends Index from commercial finance brokerage, Hilton-Baird Financial Solutions.

1 in 5 Businesses Think The UK Economy Will Worsen

Mon, 22 Aug 2011 13:50:38 +0100

Charterhouse Research has highlighted a real sense of resilience amongst UK businesses, despite a negative view of the UK Economy.

Sharon Bowles MEP comments on the Eurozone debt crisis

Wed, 17 Aug 2011 16:28:29 +0100

Sharon Bowles MEP, Chair of the European Parliament’s Economic and Monetary Affairs Committee, comments on the Eurozone debt crisis:

Hilton-Baird Financial Solutions, comments on SME access to credit facilities

Tue, 16 Aug 2011 17:57:18 +0100

Evette Orams, Managing Director of Hilton-Baird Financial Solutions, comments on SME access to credit facilities.

Apollo wins another round in its patent infringement lawsuit against Collections Marketing Center

Mon, 15 Aug 2011 19:33:44 +0100

LONG BEACH, CA , August 15, 2011 - The Federal District Court judge presiding over the patent infringement lawsuit between Apollo Enterprise Solutions, Inc. and Collections Marketing Center (“CMC”) has denied CMC’s motion to stay pending reexamination of Apollo’s patent 7,848,978 “Enhanced Transaction Resolution Techniques.”

Small business document-building service may make risky âhandshake agreementsâ thing ...

Fri, 12 Aug 2011 19:20:56 +0100

Entrepreneurs who risk expensive legal battles after being tempted to trust in handshakes rather than pay lawyers to draw up business contracts are set to benefit from a new 24/7 online service launched by the Forum of Private Business (FPB) and LEGAL 365.com.

Small businesses think going green can boost their bottom line

Tue, 09 Aug 2011 18:34:02 +0100

Small businesses believe going green can boost their bottom line – but see tax and red tape as major barriers to becoming more environmentally friendly, according to Forum of Private Business research (FPB).

Statistics research: insolvencies in the second quarter 2011

Fri, 05 Aug 2011 12:52:59 +0100

Statistics showing insolvencies in the second quarter of 2011 are published today (5 August) by the Insolvency Service.

SMEs play Russian roulette with their finance

Thu, 04 Aug 2011 23:04:14 +0100

With recent initiatives to improve access to credit, such as project Merlin, reportedly falling short, SMEs are turning to high risk forms of finance such as credit cards and loans from friends and family to keep their business on track as the financial wellbeing of UK businesses declined during the six months to April 2011. This was revealed in the latest SME Trends Index report from the UK’s largest independent commercial finance broker, Hilton-Baird Financial Solutions.

Fears pub companies are holding tenants over a barrel sparks call for stronger regulation

Wed, 03 Aug 2011 17:21:17 +0100

Fears that pub companies are holding their small tenants to ransom have led to calls for stronger regulation of the industry from the Forum of Private Business (FPB).

Incisive Accounting â a perceptive approach to finance

Wed, 03 Aug 2011 13:27:44 +0100

To reflect the company’s personal approach to accounting matters, Abacus Kingston which is based in Sutton Surrey, has re-branded itself ‘Incisive Accounting’.

Taxmanâs complex online processes just one reason the UKâs tax system is 'not fit for ...

Tue, 02 Aug 2011 17:18:12 +0100

The Forum of Private Business (FPB) has told a Treasury sub-committee that HMRC is failing in its aim to create a more efficient tax system because it is bogged down in bureaucracy – including complex and unwieldy online procedures.

Downturn in demand biggest issue for businesses

Tue, 02 Aug 2011 17:09:42 +0100

The biggest issue being faced by businesses today is a downturn in demand, according to a new survey from commercial debt recovery law firm Lovetts. In a snap survey of customers, respondents were asked to rate in importance a number of economic factors affecting their business. Downturn in demand was cited as the key issue followed by ‘Economic Uncertainty’ and ‘Competition on Pricing’.

First ExEFG loan granted to Norton Motorcycles

Mon, 01 Aug 2011 18:11:35 +0100

Legendary motorbike maker Norton Motorcycles (UK) Ltd will boost production of its bespoke bikes after receiving a Government-backed trade loan.

Green business cleans up with Lloyds TSB Commercial Finance funding

Mon, 01 Aug 2011 17:55:05 +0100

An environmentally-friendly cleaning business is set to double turnover to £6 million by the end of 2012 after securing a factoring facility from Lloyds TSB Commercial Finance.

Tiuta PLC announce second new Non-Executive Director appointment

Mon, 01 Aug 2011 17:39:24 +0100

Tiuta PLC, the short-term loan lender, has today announced the appointment of a second new Non-Executive Director.

Government introduces deregulatory measures to help SMEs access equity financingâ¨

Mon, 01 Aug 2011 12:43:39 +0100

The Financial Secretary to the Treasury, Mark Hoban MP, has announced that two deregulatory amendments to the EU Prospectus Directive have been brought into effect a year early by the UK to help small businesses access equity finance more cheaply and effectively. By bringing these measures into force now, the Government is demonstrating its commitment to helping small UK businesses access the finance they need, in an announcement welcomed by the Federation of Small Businesses. The new re ...

Investor Confidence Index Increases from 98.9 to 101.1 in July

Wed, 27 Jul 2011 09:52:22 +0100

BOSTON, July 26, 2011 — State Street Global Markets, the investment research and trading arm of State Street Corporation (NYSE:STT), have released the results of the State Street Investor Confidence Index® for July 2011.

Colour Sound Experiment Boosts Festival Business with Bespoke Video Wall

Wed, 27 Jul 2011 09:44:07 +0100

With artists on the festival circuit demanding more elaborate visual set-ups than ever before, Colour Sound Experiment, the specialist lighting and sound designers have announced its investment in a £300,000 bespoke 100 sq metre LED video wall. Working closely with Azule Finance to expand its business, this lightweight, scalable video wall is just one part of Colour Sound Experiment’s recent stock expansion, which also includes GLP impressions and Clay Paky Alpha Spots. ...

Cost of red tape reaches Â£16.8 billion despite government schemes, new research finds

Mon, 25 Jul 2011 15:45:57 +0100

Research carried out by the Forum of Private Business (FPB) has found that small firms are spending more time and money on complying with regulations - £16.8 billion per year to be exact - despite the Government’s legislation-busting initiatives to date.

Ian Larkin to head up Lloyds TSB Commercial Finance

Mon, 25 Jul 2011 15:25:01 +0100

Lloyds TSB Commercial Finance, one of the UK’s leading asset based finance providers, today announces the appointment of Ian Larkin as Managing Director, to replace the departing Simon Featherstone.

Hilton-Baird Financial Solutions comments on bank lending

Mon, 25 Jul 2011 15:13:24 +0100

Evette Orams, MD of Hilton-Baird Financial Solutions comments on bank lending.

Vince Cable among high-profile sign-ups to âBusiness Buddyâ small business placement ...

Fri, 22 Jul 2011 16:28:43 +0100

A string of high-profile MPs have now signed up to a scheme aimed at giving them first-hand experience of life at a small business.

ICM says 'name and shame' plans 'unworkable'

Fri, 22 Jul 2011 12:40:06 +0100

Government plans to ‘name and shame’ late payers is impractical, unworkable and yet another missed opportunity.

âReduction of interest rates on EU rescue funds is overdue but welcome newsâ

Thu, 21 Jul 2011 21:49:22 +0100

The British Chair of the European Parliament’s powerful Economic and Monetary Affairs Committee, Sharon Bowles MEP, has said the reduction of interest rates on EU rescue funds, agreed at the Eurozone debt summit in Brussels today, is ‘overdue but welcome news.’

Sharon Bowles MEP welcomes new EU capital requirements proposals

Wed, 20 Jul 2011 17:37:43 +0100

Proposals for the fourth Capital Requirements Directive (CRDIV), announced by the European Commission today, will be the vehicle that brings Basle lll rules on banking regulation into UK law.

Government appoints Careline services to deliver Business Link helpline

Fri, 15 Jul 2011 15:50:46 +0100

The Department for Business, Innovation and Skills (BIS) has appointed Careline Services, in partnership with the Business and Enterprise Group, to provide its new Business Link helpline.

New chairman of the ABFA

Thu, 14 Jul 2011 18:22:58 +0100

The Asset Based Finance Association has announced the appointment of its new chairman, John Bevan, head of Trade and Working Capital UK & Ireland at Barclays Corporate.

Lanarkshire recruitment firm on track for 50 per cent turnover boost

Thu, 14 Jul 2011 18:09:52 +0100

The local economy is showing signs of recovery and the demand for staff has risen, as a Lanarkshire recruitment firm is set to increase turnover by 50 per cent to £3.75 million in the next year, after securing a factoring facility from Lloyds TSB Commercial Finance.

Shoosmiths creates national team for asset based lenders

Wed, 13 Jul 2011 18:17:33 +0100

Shoosmiths has created a new national team to work for asset based lenders (ABLs).

Restore trust in banks and give alternative funders a chance, says Forum

Mon, 11 Jul 2011 17:55:33 +0100

The Forum of Private Business (FPB) is responding to the release of the first quarterly finance monitor commissioned by the British Bankers’ Association’s (BBA’s) Business Finance taskforce.

Strong lending growth continues at Tiuta plc

Mon, 11 Jul 2011 17:13:21 +0100

Tiuta PLC, the short-term loan lender, has today announced it has continued its ongoing growth in lending levels with another strong month in June.

ICM Thames Valley Branch presents an evening with Henry Olonga

Thu, 07 Jul 2011 17:35:27 +0100

The ICM Thames Valley Branch is to hold an Evening With Henry Olonga on Tuesday 19th July at 6.30pm for 7.15.

Local law and accountancy firms team up to provide an update on tax and employment law

Thu, 07 Jul 2011 12:13:41 +0100

Rothmans, one of the South’s largest accountancy firms, recently teamed up with regional law firm, Verisona, to present an employment law and tax update seminar for businesses.

Government consults on proposals to encourage small business investment

Thu, 07 Jul 2011 09:38:25 +0100

The Government is today publishing a consultation on proposals to encourage investment in small and start-up businesses with high growth potential, through the reform and simplification of the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs). It is also seeking views on new proposals to support seed investment through the tax system.

Shropshire Galvanizers open new plant with Lloyds TSB support

Thu, 07 Jul 2011 09:36:10 +0100

Specialist metal coatings firm based in Shropshire is capitalising on regional demand by opening a new powder coating plant with the help of an £86,000 hire purchase facility from Lloyds TSB Commercial Finance.

ICM highlights concerns ver mediation in latest MOJ consultation

Wed, 06 Jul 2011 15:34:39 +0100

The Institute of Credit Management (ICM) has welcomed proposals to shake up the process of solving disputes in the County Courts but highlighted specific concerns over the role of mediation.

Late payments still hurting small firms shows FSB research

Wed, 06 Jul 2011 11:21:07 +0100

Small firms report late payment is still an issue but it's the private sector that's the worst offender.

The Independent Commission on Banking must shake-up the banking sector, says FSB

Wed, 06 Jul 2011 11:19:49 +0100

The Independent Commission on Banking (ICB) must change the structure of banking in the UK, says the Federation of Small Businesses (FSB) in its response to the ICB's Interim Report.

MPs set to carry out small business work experience via âBusiness Buddyâ scheme

Mon, 04 Jul 2011 15:59:01 +0100

MPs across the UK are set to learn about the realities of running a small business through special work experience placements this summer.

UK SMEs lead the way for Government to back business

Mon, 04 Jul 2011 12:28:40 +0100

The number of small and medium-sized enterprises (SMEs) asking the Government to act decisively and provide greater levels of support to UK businesses has more than doubled in the space of a year, according to the latest research from invoice finance specialists, Bibby Financial Services.

Bridgend building company seals Â£6 million deal

Mon, 04 Jul 2011 10:22:47 +0100

Brick-Ability Ltd, the UK’s leading distributors of bricks, cladding and paving materials to the building industry, has secured a £6 million funding deal with Lloyds TSB Commercial Finance.

Mentoring scheme launches for British businesses

Mon, 04 Jul 2011 10:19:22 +0100

British businesses will now have access to more knowledge and support as a new mentoring scheme launches.

Nitelites Turns Up The Beat with Compact Speaker System from LâAcoustics

Thu, 30 Jun 2011 16:19:10 +0100

Nitelites, the lighting and sound production company, have announced that it has made a 200k investment in l’Acoustics speakers, through Azule Finance. Nitelites needed to quickly scale-up its speaker inventory, in order to meet surging demand, from the summer festival and UK touring circuit, for compact, yet powerful speaker solutions.

New plans to cut bureaucracy in Brussels and keep the UK on the front foot in Europe

Thu, 30 Jun 2011 13:00:31 +0100

Proactive and early engagement will be the key to cutting European bureaucracy under plans announced today by Business Minister Mark Prisk.

FSE Group & Ultimate Finance Group Announce Partnership to fund SMEs

Tue, 28 Jun 2011 12:31:21 +0100

Ultimate Finance, a leading provider of financial solutions to SMEs, today announces a new partnership with The Finance South East Group (“FSE Group”) that will result in more funding options for ambitious SMEs seeking finance to grow their business.

Paradigm partner with CA Tax Solutions

Mon, 27 Jun 2011 11:57:41 +0100

Paradigm Group, the IFA and mortgage partnership proposition, has today announced a new partnership with CA Tax Solutions to help advisers deliver to their commercial property clients the maximum capital allowance tax savings and benefits.

Sharon Bowles MEP backs âSuperâ Mario Draghi for European Central Bank President

Mon, 27 Jun 2011 10:23:39 +0100

The Chair of the European Parliament’s Economic and Monetary Affairs Committee, Sharon Bowles MEP, has given her backing to Mario Draghi, the man who will succeed Jean-Claude Trichet as President of the European Central Bank.

Pioneering partnership takes business networking to a higher level

Wed, 22 Jun 2011 09:22:05 +0100

The Forum of Private Business (FPB) and Business Scene have joined forces to create a new kind of event bringing together networking opportunities and a range of support services to help small businesses develop and grow.

Business owners to benefit from online seminar on new Bribery Act

Mon, 20 Jun 2011 17:07:57 +0100

Business owners are being urged to protect themselves against falling foul of the imminent Bribery Act by participating in an online training seminar outlining their liabilities under the new law.

Forum of Private Business urges small businesses to beware new EU âcookiesâ law

Fri, 17 Jun 2011 16:08:43 +0100

Small businesses are being warned that their websites could fall foul of new EU rules governing the use of ‘cookies’ unless urgent alterations are made.

GigaSpaces to Support Avanza Bank's Complete IT Infrastructure

Thu, 16 Jun 2011 13:28:36 +0100

NEW YORK, New York, – GigaSpaces Technologies, a leading provider of a new generation of application platforms for Java and .Net environments, has been chosen by Sweden's Avanza Bank to supply the infrastructure for its core services. Avanza will be using GigaSpaces eXtreme Application Platform (XAP) for all trading, customer and data processing and storage.

Stone Signs exclusive +Â£30 million deal to provide finance with De Lage Landen

Thu, 16 Jun 2011 11:11:22 +0100

Stone, the IT services provider to UK public sector and education, has today signed an exclusive three-year agreement valued in the region of £30 million with global asset-based finance specialist, De Lage Landen, a fully owned subsidiary of the worldwide Rabobank Group, based in Netherlands.

Lloyds TSB Commercial Finance appoints marketing director

Mon, 13 Jun 2011 18:07:13 +0100

Lloyds TSB Commercial Finance has appointed Gary Lapthorn as its new marketing and external affairs director to help the funder remain at the forefront of driving growth in the asset based finance market.

Ombudsman must have power 'to fine supermarkets which breach new suppliersâ code of conduct'

Mon, 13 Jun 2011 17:56:24 +0100

The Forum of Private Business (FPB) is calling on the Government to give a new supermarket ombudsman the power to fine retailers for mistreating their smaller suppliers, ahead of tomorrow’s scrutiny hearing of the Groceries Code Adjudicator Bill.

FSA publishes Annual Report for the year 2010/11

Mon, 13 Jun 2011 17:51:10 +0100

The Financial Services Authority (FSA) has published its annual report for 2010/11, outlining its performance against the priorities set out in its 2010/11 Business Plan and its statutory objectives.

Funding lays foundations for growth at Tanner & Bruce

Fri, 10 Jun 2011 16:38:37 +0100

A Newton Abbot-based groundworks and building contractor has invested in equipment to help it service new contracts after securing an asset finance facility from Lloyds TSB Commercial Finance – within just 24 hours of its initial funding request.

Mortgages for Business completes its first deal with Whiteaway Laidlaw Bank

Fri, 10 Jun 2011 16:32:55 +0100

Mortgages for Business has completed its very first residential investment mortgage with new lender Whiteaway Laidlaw Bank.

Treasury changes Credit Guarantee Scheme to allow banks to reduce Government support

Wed, 08 Jun 2011 18:39:13 +0100

Today the Chancellor has announced that the Treasury is changing the rules of the Credit Guarantee Scheme (CGS) to allow banks to reduce their participation in the scheme ahead of schedule.

Premier league payments management solution for Blackburn Rovers Football Club

Wed, 08 Jun 2011 18:34:29 +0100

Blackburn Rovers FC today announces it has purchased Albany ePAY from the pioneering developer of electronic payment software solutions – Albany Software, together with disaster recovery software in the event of emergency or unforeseen circumstances. The football club required a reliable and trustworthy in-house payment solution that would protect the sensitivity of their payment information, as well as having full disaster recovery capabilities in place. Deploying the Albany ePAY s ...

Calling all ambitious business owners! Your country needs YOU! To Grow!

Tue, 07 Jun 2011 21:19:31 +0100

The Forum of Private Business (FPB) and Your Business Your Future take matters into their own hands to help small business owners grow their businesses and drive economic growth.

New Boddy joins Lloyds TSB Commercial Financeâs Midlands team

Tue, 07 Jun 2011 21:03:24 +0100

Simon Boddy has been appointed as regional manager in the East Midlands for Lloyds TSB Commercial Finance.

Banks and businesses must come together to boost economic growth, business leader tells summit

Tue, 07 Jun 2011 19:17:18 +0100

The head of a leading business group today urged banks and businesses to find common ground in order to stimulate lending and rebuild the economy.

Finance for vans and trucks keeps business moving in 2011

Fri, 03 Jun 2011 11:08:05 +0100

Commercial vehicle finance is leading the recovery as small and medium sized businesses seek alternative forms of financing. According to latest statistics from the Finance & Leasing Association, finance provided for commercial vehicles was up by 32% in the first quarter of the year, compared with Q1 2010.

Check you have the right to use the images on your website, small businesses warned

Thu, 02 Jun 2011 15:47:13 +0100

Small business owners are being urged to check the images they are using on their websites in order to guard against costly copyright claims.

Landlords optimistic over buy-to-let prospects as demand soars

Wed, 01 Jun 2011 17:04:04 +0100

Landlords’ are showing increasing optimism about the buy-to-let market, according to the latest landlord sentiment survey conducted by LSL Property Services plc, which owns the UK's largest lettings agent network, including national chains Your Move and Reeds Rains.

Tiuta PLC to focus on core bridging loan business

Thu, 26 May 2011 16:14:10 +0100

Tiuta PLC, the short-term loan lender, has today announced that, following a thorough and in-depth review of its business strategy, it is focusing on its core bridging loan activities.

Baking firm cooks up a storm with Â£2m funding boost from Lloyds TSB Commercial Finance

Wed, 25 May 2011 14:48:19 +0100

Witney-based baking firm, The Fabulous Bakin’ Boys is set to increase turnover to £20 million and bring new products to market after securing a £2 million invoice discounting facility from Lloyds TSB Commercial Finance.

DebtPlough Rewards

Tue, 24 May 2011 17:54:38 +0100

Since its launch in November 2010, many service providers have contacted DebtPlough to provide ancillary products to our customers.

Bring back traditional bank managers and increase competition, says business group

Mon, 23 May 2011 18:50:52 +0100

The Forum of Private Business is responding to the announcement that the UK’s major banks are more than £2 billion short of hitting their small business lending target by repeating its calls for better competition, more investment in regional branches and the restoration of lending powers to local bank managers.

Aspect Appoints Executives to Lead Product Strategy and Execution

Fri, 20 May 2011 16:46:06 +0100

Aspect, a leading provider of customer contact and Microsoft platform solutions, has announced the appointments of Michael Regan as senior vice president of engineering and technology, Michael Ely as vice president of technology, and Serge Hyppolite as vice president of product management. Together, these individuals will bring the next wave of innovation and thought leadership to the Aspect solutions roadmap.

Most small firms to miss out on banksâ new Â£2. ...

Thu, 19 May 2011 15:41:12 +0100

The Forum of Private business is warning that the vast majority of small businesses seeking affordable finance will miss out on a new £2.5 billion equity fund launched today by the UK’s largest banks and the British Bankers’ Association (BBA).

Prudential Regulation Authority: the future approach to banking supervision

Thu, 19 May 2011 15:02:01 +0100

The Bank of England (the Bank) and the Financial Services Authority (FSA) have today published a joint paper The Bank of England, Prudential Regulation Authority – Our approach to banking supervision setting out the current thinking on how the future Prudential Regulation Authority (PRA) will approach the supervision of banks, building societies, credit unions and investment firms.

Investec strengthens Corporate Debt Origination team with two senior appointments

Wed, 18 May 2011 20:25:52 +0100

Investec Capital Markets, (‘Investec’), part of Investec Bank plc, has appointed Chris Babington and Michael Smith to strengthen its Corporate Debt Origination team. Chris and Michael will report into Eden Riche, head of Corporate Debt Origination.

Little Dish serves up success with Lloyds TSB partnership

Wed, 18 May 2011 18:56:26 +0100

Little Dish, the number one brand in fresh, healthy children’s meals is set to double retail sales to £14 million in the next two years after securing an invoice discounting facility from Lloyds TSB Commercial Finance.

Collaboration & social tools drain business productivity, costing billions in work interruptions

Tue, 17 May 2011 15:28:30 +0100

The proliferation of collaboration and social tools designed to increase productivity is actually costing businesses 57.8 Billion pounds per year in lost productivity, according to a survey of more than 500 international organisations of all sizes conducted by online market research firm uSamp (United Sample) and commissioned by social email software provider harmon.ie <http://eu.vocuspr.com/Url.aspx?517692x4613755x4486525>.

New Marlborough recruitment firm employs funding boost

Tue, 17 May 2011 14:46:42 +0100

Local entrepreneur Amanda Wheeler has opened Marlborough’s first recruitment firm, AJW Recruitment, after securing a £30,000 funding package from Lloyds TSB Commercial Finance’s Recruitment Finance division.

Yes we Caan! Dragonâs Den star throws his weight behind Get Britain Trading

Fri, 13 May 2011 11:16:04 +0100

Dragons’ Den star James Caan has thrown his weight behind a new campaign aimed at boosting the fortunes of small business across the UK.

Speech by the Chancellor of the Exchequer at the Institute of Directors Annual Convention

Wed, 11 May 2011 16:39:11 +0100

Good afternoon.

Thank you Miles for the very kind words of introduction.

Thank you for your hard work at the helm of the Institute of Directors over the past 7 years.

You have done a great job – and been a powerful voice for business. We all wish you well for the future.

Chair of European Parliamentâs Economic and Monetary Affairs Committee on new bank stress tests

Wed, 11 May 2011 16:27:30 +0100

Last night’s debate on stress tests of the EU banking sector in the European Parliament saw the Alliance of Liberals and Democrats for Europe calling for more transparency of the banking sector due to its close connection to the sovereign debt crisis.

Disappointing trade figures highlight need to get businesses exporting

Wed, 11 May 2011 16:16:33 +0100

Commenting on the trade figures for March published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Review of employment law must result in less regulation for business

Wed, 11 May 2011 16:12:12 +0100

Commenting on the announcement made today by the government to review employment law, David Frost, Director General of the British Chambers of Commerce (BCC), said:

Inflation report provides hope that low interest rates will continue

Wed, 11 May 2011 16:04:34 +0100

Commenting on the quarterly inflation report published today by the Bank of England, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Further support announced to help British companies compete on the global stage

Tue, 10 May 2011 12:01:47 +0100

Business Secretary Vince Cable, Foreign Secretary William Hague and Trade and Investment Minister Lord Green today launched a new cross-government focus on trade and investment to help the British economy grow.

Target Group debuts at number 30 in International league table

Mon, 09 May 2011 23:04:59 +0100

Leading financial services software and outsourcing provider, Target Group, has secured a debut ranking at No 30 in the 2010 Sunday Times HSBC International Track 100 league table of private companies with the fastest-growing international sales in the last three years.

Broker introduced asset finance up by a third in winter months

Fri, 06 May 2011 16:15:37 +0100

Small businesses used brokers to access more than £700 million worth of asset finance during December, January and February, according to the latest figures from the Finance & Leasing Association, the trade body for the asset finance industry.

David Fenn appointed as managing partner at top 25 UK accountancy firm Wilkins Kennedy

Fri, 06 May 2011 12:59:33 +0100

Top 25 UK chartered accountancy firm Wilkins Kennedy is pleased to announce the appointment of David Fenn as Managing Partner of the twelve-office, £27 million turnover firm, as of 1st May 2011.

Bibby Financial Services announces 84% growth in pre-tax profits

Thu, 05 May 2011 15:11:17 +0100

Bibby Financial Services has today announced an 84% growth in pre-tax profits to £34.3m, following a 25% growth in new business year-on-year in 2010.

Revellers urged to support local small businesses during Royal Wedding celebrations

Thu, 28 Apr 2011 16:33:12 +0100

Revellers have been urged to use the Royal Wedding to help their local small businesses through the current economic uncertainties.

Aldermore appoints Granger to support SMEs in Devon

Wed, 27 Apr 2011 15:17:20 +0100

Aldermore, the new British bank, has increased the reach of its invoice finance team in the South West of the country, with the appointment of Ian Granger as Regional Sales Manager.

Forum calls for âtwo prongedâ approach in reaction to weak growth figures

Wed, 27 Apr 2011 11:48:09 +0100

Small business support organisation the Forum of Private Business (FPB) has called for a ‘two pronged’ approach to boost economic growth in the UK.

Wedding Fever Fuels Camera Hire Business for Pro Motion Hire

Wed, 27 Apr 2011 11:30:03 +0100

Yesterday, Pro Motion Hire, the media and broadcast camera rental specialists, announced that it had seen a fifty percent surge in camera hire, as global broadcasters gear-up to report live from the Royal Wedding on the 29th April. Working with Azule Finance, Pro Motion Hire has been scaling up its stock of popular and internationally respected HD broadcast cameras, to meet the hire demands of international broadcasters, such as Network 10 in Australia.

Businesses battle with rise in debt through late payments

Tue, 26 Apr 2011 16:00:57 +0100

Businesses are experiencing a continued rise in late payment problems according to the latest analysis from commercial debt recovery specialist Lovetts.

Small firmsâ recruitment plans in jeopardy, according new research from leading business group

Thu, 21 Apr 2011 13:01:49 +0100

The likelihood of small businesses creating jobs to drive economic growth is in jeopardy because fewer believe they will be able to employ new staff in the year ahead, a new survey suggests.

European Parliament votes on Economic Governance

Wed, 20 Apr 2011 15:56:38 +0100

Sharon Bowles MEP, who chairs the European Parliament's Economic and Monetary Affairs committee, today welcomed the committee's approval of the amended Economic Governance package - a pack of six proposals from the European Commission which will bring about tighter rules on economic policy coordination across the EU.

More protection needed for SME owners facing malicious workplace disputes, says business group

Mon, 18 Apr 2011 16:38:49 +0100

The Forum of Private Business (FPB) is calling on the Government to protect small businesses against employees who exploit employment laws to make ‘vexatious claims’ against them.

Give record shops something to celebrate by ending Channel Islands VAT loophole for good, says Forum

Fri, 15 Apr 2011 17:24:41 +0100

Small business support group highlights potential demise of big business-friendly VAT exemption as Independent Record Store Day approaches.

Give record shops something to celebrate by ending Channel Islands VAT loophole

Fri, 15 Apr 2011 17:20:04 +0100

A business support body is calling for a tax loophole which is used by big businesses to undercut small music retailers to be closed once and for all.

Retail sales slump by record amount

Thu, 14 Apr 2011 15:45:47 +0100

High Street sales have seen their worst dip since records began in 1995.

Barclays acquires MBNA Small Business credit card portfolio

Thu, 14 Apr 2011 15:15:56 +0100

Barclays Bank PLC has purchased MBNA Europe Bank Limited’s Small Business credit card portfolio in the UK.

Barclays Corporate comments on the latest ONS Trade figures

Thu, 14 Apr 2011 15:13:47 +0100

Iain MacDonald, Head of Trade Product at Barclays Corporate comments on today's ONS UK Trade Statistics.

Bath advertising company promotes growth after funding boost

Wed, 13 Apr 2011 15:19:51 +0100

A Bath-based advertising agency is set to take turnover to £15 million in the next year after securing an invoice finance facility from Lloyds TSB Commercial Finance.

Andrew Gaunt Promoted To Associate Director For Lloyds TSB Commercial Finance

Mon, 11 Apr 2011 17:19:21 +0100

Lloyds TSB Commercial Finance has promoted Andrew Gaunt to associate director in its business development team in the North East and Yorkshire.

Edward Rimmer, Bibby Financial Services, says rise in NIC is a tax on jobs

Thu, 07 Apr 2011 17:25:01 +0100

Edward Rimmer, UK chief executive at specialist invoice finance provider, Bibby Financial Services, said: “It is highly regrettable that National Insurance Contributions (NICs) rose by one percentage point yesterday – despite widespread calls from well-respected business leaders and business support organisations for the increase to be scrapped.

Finance is key to low-carbon economy

Thu, 07 Apr 2011 15:12:23 +0100

Following last week’s Budget, which contained measures designed to increase the speed and scale of investment in low carbon energy projects, finance companies, green businesses and energy suppliers have met to discuss the emerging role of asset finance in achieving a low carbon economy.

Â£20m management training fund will help small businesses grow - BIS

Thu, 07 Apr 2011 13:15:55 +0100

Skills Minister John Hayes today called on senior leaders in SMEs to take advantage of funding that will support leadership and management training to help them grow their businesses.

Red Tape challenge kicks off - BIS

Thu, 07 Apr 2011 10:20:16 +0100

Members of the public, businesses and community organisations are being invited to give a real boost to growth and personal freedoms by ripping up some of the 21,000 rules that are getting in their way.

Donât get caught out by todayâs changes in the law, small firms warned

Wed, 06 Apr 2011 17:40:33 +0100

A small business support group is urging business owners to be aware of new legislation which comes into effect from today’s common commencement date (CCD).

Stagecoach drives forward with Lloyds TSB Commercial Finance funding

Wed, 06 Apr 2011 17:36:32 +0100

One of the UK’s largest public transport operators, Stagecoach, has utilised Lloyds TSB Commercial Finance’s hire purchase facility for the 30th year running to provide passengers with a modern, accessible and sustainable bus fleet.

Smaller firms urged to put new bank lending appeals process to the test

Tue, 05 Apr 2011 16:07:27 +0100

A small business support organisation, The Forum of Private Business (FPB), is urging business owners who feel they have been unfairly denied bank lending to put a new appeals process to the test.

One of the Southâs most established accountancy firms appoints new partner

Mon, 04 Apr 2011 15:36:51 +0100

Rothmans, one of the largest accountancy practices in the South of England, has appointed a new partner to their Eastleigh office.

Tieto appoints Elliot Howard as Director of Financial Services UK

Mon, 04 Apr 2011 14:53:31 +0100

  Elliot Howard has been appointed as Director of Tieto Financial Services business in the UK as of 1 February 2011. His role is to lead Tieto's Financial Services business activities as well as strengthen customer focus and expand the current UK services portfolio through integration with the wider Tieto offering.

Aspect Customer British Gas Lights Up 2011 Gartner & 1to1 CRM Excellence Awards

Tue, 29 Mar 2011 18:59:35 +0100

CHELMSFORD, Massachusetts - Aspect, a leading provider of customer contact and Microsoft platform solutions, today announced its customer, British Gas, the largest supplier of domestic energy and appliance cover in the UK, has earned honours in the Gartner & 1to1 Media Customer Relationship Management (CRM) Excellence Awards 2011 in Europe, the Middle East and Africa (EMEA) with two prominent awards. British Gas was first named winner in the Customer Analytics category for its use of ...

Target Group expands client services team

Tue, 29 Mar 2011 18:37:44 +0100

Leading financial software and servicing company, Target Group, has appointed Dominic Mehta as Client Services Manager.

Â£5.2bn unused funding available for invoice finance clients

Tue, 29 Mar 2011 18:24:09 +0100

New figures released today by the Asset Based Finance Association (ABFA) show members’ clients have sufficient funds in place and are even actively choosing not to access all the finance available to them. These figures contrast sharply with wider bank lending which has continued to contract, with loans to UK businesses falling by 3.9% in the past year alone.

A Hat-Trick Of Business Moneyfacts Awards for Lombard

Mon, 28 Mar 2011 13:13:22 +0100

Lombard, one of the UK's leading asset finance providers, has been presented with the prestigious Business Moneyfacts Award for 'Best Leasing & Asset Finance Provider 2011' for the third successive year.

ICM and BIS monthly cashflow âtipâ to small businesses

Fri, 25 Mar 2011 15:58:52 +0100

The Institute of Credit Management (ICM) and the Minister of State for Business and Enterprise Mark Prisk have published their monthly ‘tip’ for small businesses to better manage their cashflow.

Government Reduces Red Tape For Audit Requirements

Fri, 25 Mar 2011 15:52:59 +0100

In the Budget, George Osborne announced the Government’s intention to reduce the regulatory burden on small- and medium-sized companies (SMEs). The changes are outlined in the document ‘The Plan for Growth’, published by the Treasury and the Department for Business, Innovation and Skills.

Hilton-Baird Financial Solutions comment on the budget

Thu, 24 Mar 2011 10:44:33 +0100

Evette Orams, Managing Director of Hilton-Baird Financial Solutions said: “It was billed as the “budget for growth” and, if the reality matches the rhetoric, George Osborne’s first full Budget certainly contained some initiatives which will be positively received by UK business.

Budgetâs small business growth strategy is just a first step, says Forum of Private Business

Thu, 24 Mar 2011 10:40:03 +0100

One of the UK’s leading business organisations is welcoming several short-term measures to boost enterprise announced in the Budget – but arguing that more must be done in the long-term if small businesses are to truly drive economic growth and job creation.

The Recruitment Finance Division of Lloyds TSB Commercial Finance helps recruitment firm expand

Wed, 23 Mar 2011 21:21:14 +0100

The current economic climate has made it difficult for businesses of all sizes to grow, but with the help of the Recruitment Finance Division of Lloyds TSB Commercial Finance European Vision Recruitment Ltd. (European Vision), a recruitment firm specialising in temporary multi-lingual skilled workers, has successfully opened new offices in both South America and Europe during 2010.

Bibby Financial Services supports growth with bolstered sales team

Tue, 22 Mar 2011 18:39:40 +0100

Bibby Financial Services, the UK’s largest independent invoice finance specialist, has bolstered its senior sales team with the appointments of Dave Golding and Andy Leopold as sales directors for the northern and southern regions.

Groups call on Government to give private lenders the same tax breaks as equity investors

Mon, 21 Mar 2011 17:35:45 +0100

The Forum of Private Business (FPB) and the Institute of Financial Accountants (IFA) are calling on the Chancellor George Osborne to use Wednesday’s budget to give generous tax breaks to private lenders who support firms in need of finance.

Aldermore boosts East Midlands team

Mon, 21 Mar 2011 17:24:29 +0100

Aldermore, the new British bank, has strengthened its Invoice Finance team in the Midlands with the appointment of Lee Dawson as regional sales manager.

Government urged to end Channel Islands VAT avoidance for good

Mon, 21 Mar 2011 17:21:11 +0100

The Forum of Private Business (FPB) is urging the Government to close the Channel Islands VAT loophole once and for all in next week’s Budget - not repeat mistakes made in 2005 and 2008 when a much-lauded licensing scheme and ‘code of conduct’ failed to solve the problem.

Government bins business red tape

Fri, 18 Mar 2011 15:13:16 +0100

Business will be freed from the burden of red tape under a package of sweeping reforms to regulation, it was announced today.

Chancellor urged not to forget about finance in this yearâs Budget

Thu, 17 Mar 2011 17:52:50 +0100

A small business support organisation has urged George Osborne not to forget the issue of bank lending in the forthcoming Budget.

Target Group appoints new Head of Financial Servicing

Thu, 17 Mar 2011 15:45:42 +0100

Leading financial software and servicing company, Target Group, has appointed Sian McDermott as Head of Financial Servicing.

Charles Keay Joins Azule Finance Board to Spearhead Growth

Thu, 17 Mar 2011 15:40:10 +0100

Today Azule Finance, the leasing experts for the entertainment, media and broadcast industry announced a new addition to its board, former Rothschild’s Managing Director Charles Keay, who joins as a Non-Executive Director.

Tiuta appoint Bill Warren Compliance LLP

Wed, 16 Mar 2011 17:26:19 +0100

Tiuta, the short to medium-term loan specialist lender, has today announced a new working relationship with compliance specialists, Bill Warren Compliance LLP.

FSA fines ActivTrades Plc Â£85,750 for client money failings

Tue, 15 Mar 2011 17:37:18 +0100

The Financial Services Authority (FSA) has today fined ActivTrades Plc, a foreign exchange broker, £85,750 for failing to protect clients’ assets adequately.

Forum calls on Chancellor to act on tax simplification proposals in Budget

Tue, 15 Mar 2011 17:01:47 +0100

A small business support organisation has called for radical tax simplification proposals to be acted upon in the forthcoming Budget.

Bibby Financial Services officially recognised as one of the UKâs best employers

Tue, 15 Mar 2011 12:28:40 +0100

Bibby Financial Services, the largest independent invoice finance specialist in the UK, who’s head office is based in Banbury, Oxfordshire has been rewarded for an outstanding year of growth and development by being recognised for the first time by The Sunday Times as one of the 100 best companies to work for.

Daniels Silverman advises SMEs to review terms and conditions to protect against payment disputes

Mon, 14 Mar 2011 10:27:34 +0100

Debt collection agency Daniels Silverman warns many small and medium sized enterprises are vulnerable to payment disputes because of ineffective terms and conditions.

Aldermore on route to success with M1 appointment

Fri, 11 Mar 2011 12:17:15 +0100

Aldermore, the new British bank, which markets a range of finance facilities to small and medium sized businesses (SMEs), has appointed an associate director to head up its expansion into the Northern Home Counties and M1 corridor.

GOVERNMENT CONTINUES TO SEND MIXED MESSAGES ON SME FINANCIAL TRANSPARENCY

Thu, 10 Mar 2011 12:11:39 +0100

The Government’s intention to reduce still further SMEs' statutory filing requirements in order to reduce red tape is likely to prove to be counter productive by making it harder for small businesses to secure growth funding, says Graydon UK, the commercial credit referencing agency.

LOMBARD REMAINS COMMITTED TO FUNDING UK SMES

Thu, 10 Mar 2011 11:36:06 +0100

Capital investment, and in particular asset finance, is the lifeblood that will sustain Britain's recovery. Small and medium-sized businesses (SMEs) are the heartbeat of the British economy and are indispensable to a sustainable recovery and renewed business investment by SMEs is crucial.

Asset Finance complementing traditional funding to drive UK SME growth, says Lloyds TSB

Wed, 09 Mar 2011 13:25:34 +0100

Lloyds Banking Group lent £11 billion to SMEs in 2010, citing the use of asset finance alongside traditional loan facilities as a key source of funding for UK businesses.

EU proposals a welcome first step towards making too-big-to-fail a thing of the past

Tue, 08 Mar 2011 18:13:19 +0100

European proposals to reduce the probability of financial crises and to manage them if they occur should help level the regulatory playing field with the UK, the British Bankers’ Association (BBA) said yesterday.

Business group calls for a radical Budget to Get Britain Trading

Tue, 08 Mar 2011 11:33:29 +0100

A leading business group has called on George Osborne to deliver a Budget which will revolutionise trading conditions for Britain’s smaller firms.

Government action set to change the face of accountancy

Mon, 07 Mar 2011 15:33:33 +0100

Changes announced by the Business Secretary, Vince Cable, on Friday are to strike at the heart of the core business of accountancy firms up and down the country reports Martin Pollins, Managing Director at Bizezia - a business which provides high quality website marketing applications and practice management tools.

The EIS Association Annual Reception & Awards â supporting British Business Growth

Fri, 04 Mar 2011 15:28:32 +0100

London, 4th March 2011, the industry body for the Enterprise Investment Scheme (“EIS”) held its prestigious annual reception and awards ceremony last night at the House of Commons, 3rd March 2011. To a packed house, speaker, Anthony Thomson (Chairman of Metro Bank PLC) delivered a compelling speech about disrupting the market by changing the banking business model, which is exactly what Metro Bank has done and what many EIS eligible businesses and funds are doing today.

Small business group refutes claim that scrapping VAT tax relief would âhit small firms ...

Thu, 03 Mar 2011 15:43:43 +0100

The Forum of Private Business (FPB) is refuting a claim that closing the controversial Low Value Consignment Relief (LVCR) VAT loophole would hit small firms hardest.

Aldermore targets M4 corridor as team grows

Thu, 03 Mar 2011 14:38:14 +0100

Aldermore, the new British bank, has appointed Helena Cairns as regional sales manager for the Thames Valley area, as the invoice finance division looks to increase its presence along the M4 corridor.

OnGuard pioneers new approach to working capital with customer-centric credit management

Thu, 03 Mar 2011 00:00:01 +0100

OnGuard, provider of business-to-business credit, collections, and complaints management solutions, has developed a new approach to credit management that optimizes working capital and enhances the customer-supplier interface. By combining credit, collections and complaints management processes into a single customer-centric function, OnGuard’s innovative approach allows firms to better manage accounts receivables, directly improving profitability by reducing the financial risks po ...

New Trade Finance House

Wed, 02 Mar 2011 18:22:24 +0100

A new trade finance house has recently opened its doors for business in the City of London. Trade Finance Partners (TFP) is a specialist financier providing working capital to businesses in the £5m to £50m turnover range. TFP will assist their clients to finance purchases for sales to their end customers.

George Osborne addresses Doing Business Together project, bringing banks and businesses together

Fri, 25 Feb 2011 20:28:52 +0100

The Chancellor of the Exchequer, George Osborne, has addressed a grassroots meeting of Doing Business Together (DBT) project, which aims to improve the provision of commercial finance by bringing banks and businesses together in the spirit of dialogue, transparency and information-sharing.

Banks can no longer deny small businesses finance on appropriate terms, says business group

Thu, 24 Feb 2011 23:49:54 +0100

Small businesses are responding to lenders’ criticisms that they are not submitting proper management accounts by providing better financial information establishing they are creditworthy concerns.

OFT urges businesses to review their small print or face enforcement action

Thu, 24 Feb 2011 23:41:23 +0100

The Office of Fair Trading (OFT) has today sent a clear warning to businesses that consumer contracts must be clear and have no unwelcome surprises buried in the small print.

Welcome for EU review of support for small businesses

Wed, 23 Feb 2011 16:53:26 +0100

The UK Government, alongside other European member states including Belgium and Italy, today welcomed publication of the European Commission’s Small Business Act Review.

New figures show more than a thousand small businesses are financed each day

Wed, 23 Feb 2011 15:41:52 +0100

Over a thousand small businesses obtain new asset finance every day, according to the Finance & Leasing Association (FLA), which has published its latest industry figures.

OFT imposes requirements on debt management lead generation firm

Tue, 22 Feb 2011 18:49:20 +0100

The OFT has imposed requirements on Money Advice Direct Limited (MADL) to address concerns about misleading advertising by the business.

FSA fines DB Mortgages for irresponsible lending and poor treatment of customers in arrears

Tue, 22 Feb 2011 18:43:17 +0100

The Financial Services Authority (FSA) has today announced that it has fined DB Mortgages, part of the Deutsche Bank Group, £840,000 for irresponsible lending practices and unfair treatment of customers in arrears, and secured redress of approximately £1.5 million for DB Mortgages’ customers.

Science Warehouse forms strategic partnership with Advanced Business Solutions

Mon, 21 Feb 2011 17:08:32 +0100

Leading e-procurement solutions provider, Science Warehouse, has signed a strategic partnership with Advanced Business Solutions (ABS). Focusing initially on the Higher Education (HE) sector, the agreement allows ABS to provide its customers with Science Warehouse’s e-Marketplace suite of catalogue-based purchasing and transaction management solutions for enhanced visibility of spend and greater financial control.

New bank responds to shock news that Barclays will stop providing asset finance to small businesses

Fri, 18 Feb 2011 14:48:55 +0100

The new British bank, Aldermore, says that businesses that are being turned down for asset finance deals by Barclays should shop around rather than put their investment plans on hold.

New campaign calls for small firms to help âGet Britain Tradingâ!

Thu, 17 Feb 2011 17:30:17 +0100

Get Britain Trading, the brainchild of the Forum of Private Business (FPB), aims to raise awareness of the huge contribution small and medium-sized enterprises (SMEs) make to the UK economy.

Government welcomes banksâ statements on lending 15% more to SMEs

Wed, 09 Feb 2011 18:54:55 +0100

The Government today welcomed the commitment by the UK’s biggest banks on lending expectations and capacity, the size of the 2010 bonus pool, pay disclosure and support for regional growth and the Big Society.

Vince Cable comments on today's banking statement

Wed, 09 Feb 2011 18:46:20 +0100

Commenting on today's banking statement Business Secretary Vince Cable said:  "Today's agreement is a good step forward for British business. Banks have made a commitment, with independent monitoring, to increase credit to UK firms and especially to small and medium sized enterprise.

Osborne + banks - comment from new economics foundation

Wed, 09 Feb 2011 18:30:22 +0100

Comment from Tony Greenham, Head of Business and Finance at nef (new economics foundation):

Moves to help would-be SME exporters welcomed by business group

Wed, 09 Feb 2011 18:12:48 +0100

Government measures to help smaller businesses sell their products and services overseas have been welcomed by a leading business group.

Comment on Osborne's pledge to implement Project Merlin

Tue, 08 Feb 2011 17:33:41 +0100

Commenting on George Osborne’s announcement to increase the levy on bank profits to £2.5bn, and pledge to implement Project Merlin to increase the banks’ lending to small businesses, Edward Rimmer, UK chief executive at Bibby Financial Services, says:

Bank levy rates to be increased raising Â£800m more in 2011

Tue, 08 Feb 2011 09:35:35 +0100

The Chancellor has announced today an increase in the rate of the bank levy to be charged in 2011. This change will increase the revenue from the levy in 2011 by £800m to £2.5 billion.

Company Voluntary Arrangement: The good, the bad and the CVA

Mon, 07 Feb 2011 18:01:08 +0100

A Company Voluntary Arrangement (CVA) is a deal between a company and its creditors; the typical CVA is based on preserving the company, protecting cash flow, and then paying back debts over an agreed period of time. Directors remain in control of the company, personal guarantees are less likely to be called in, and it gives a business a fighting chance to survive a cash flow crisis.

Small businesses worry they will be hit hardest by inflation

Mon, 07 Feb 2011 17:52:55 +0100

Research by Aldermore, the new British bank, shows that small businesses worry that they will be hit hardest by inflation.

Daniel Silverman comments on latest insolvency news

Mon, 07 Feb 2011 17:34:35 +0100

Businesses must manage customer debt better as the number of personal insolvencies reaches a record high, comments Carole Hughes, managing director at credit management and debt collection agency Daniels Silverman.

Smaller firms urged to cut absenteeism and boost staff satisfaction through private health insurance

Fri, 04 Feb 2011 17:40:20 +0100

A business support organisation is urging smaller companies to consider taking out private medical insurance for their employees.

Finance leaders anticipate quick recovery in debt market

Tue, 01 Feb 2011 15:28:29 +0100

New research from DLA Piper has found that key players in the lending community expect activity in the European acquisition finance market to increase on 2010 levels.

Shortlist for icm11 awards announced

Wed, 26 Jan 2011 15:42:44 +0100

The shortlist for the icm11 awards, has been announced as follows:

Winter freeze just one factor behind slump leaving economy on brink of âdouble dipâ ...

Tue, 25 Jan 2011 17:10:36 +0100

The Forum of Private Business (FPB) is reacting to today’s shock GDP figures showing the economy shrunk by 0.5% in the final three months of 2010 following four successive quarters of growth.

Blaming weather for UKâs stalling GDP is being economical with the truth

Tue, 25 Jan 2011 17:03:08 +0100

George Osborne blames the weather for the 0.5% fall in GDP period October to Dec, but just how big a part did the snow and ice play in Britain’s stalling economic revival?

Business group responds to new work experience scheme for young unemployed ahead of meeting

Mon, 24 Jan 2011 16:55:52 +0100

The Forum of Private Business (FPB) is cautiously welcoming a government initiative to expand work experience for young unemployed people – but warning more needs to be done to review the quality of training they receive and free apprenticeships and work placements from red tape.

Crown Germany positions itself in Commercial Real Estate Mortgage Servicing

Mon, 24 Jan 2011 15:46:50 +0100

Crown Westfalen Credit Services acquires specialist team for German commercial mortgage servicing from Whiteshire Debt Solutions GmbH / J.P. Morgan.

Now banks must restore local lending powers to play their part in financing economic recovery

Fri, 21 Jan 2011 16:40:29 +0100

The Forum of Private Business (FPB) is joining the Campaign for Community Banking Services (CCBS) and calling on banks to restore local services – including powers to make commercial lending decisions - in order to help small firms access affordable finance.

Lancall safe and sound with Aldermore funding

Wed, 19 Jan 2011 18:33:37 +0100

A successful Warrington-based health and safety consultancy, which boasts clients including Paul Smith and Burberry, is on a recruitment drive and aims to diversify into new consultancy areas having received a £125,000 funding line from Aldermore Invoice Finance.

Forum demystifies âblack artâ of marketing through specialised SME service

Tue, 18 Jan 2011 18:43:44 +0100

A small business support organisation has launched a new service designed to take the mystery out of marketing for small to medium-sized enterprises (SMEs).

Small business confidence ends 2010 at its lowest level

Mon, 17 Jan 2011 17:55:39 +0100

Small businesses ended 2010 less confident than they were at the beginning of the year, according to the Federation of Small Businesses' (FSB) latest ‘Voice of Small Business' Index.

QBE expands trade credit team with three hires

Mon, 17 Jan 2011 17:45:25 +0100

QBE, the specialist in business insurance, announces three new appointments to its trade credit team.

Business owners so frustrated by tax laws, they would pay to have them simplified

Mon, 17 Jan 2011 13:02:16 +0100

Some small business owners are so frustrated with the complexity of the UK tax system that they would pay more just to see it simplified, new research has found.

Tera Allas takes up post as Director General for Economics, Strategy and Better Regulation

Fri, 14 Jan 2011 12:37:47 +0100

Tera Allas has taken up her post as the new Director General for Economics, Strategy and Better Regulation at the Department for Business, Innovation and Skills (BIS).

Details of Avoidance Study Group set out

Fri, 14 Jan 2011 12:26:44 +0100

Graham Aaronson QC, today notified the Exchequer Secretary to the Treasury David Gauke, of the experts who will work on his study into a General Anti-Avoidance Rule (GAAR), and the areas they will cover.

Bank of England maintains Bank Rate at 0. ...

Thu, 13 Jan 2011 17:27:03 +0100

The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%.

Santander comments on Bank of England decision to hold interest rates at 0.50%

Thu, 13 Jan 2011 17:22:07 +0100

Barry Naisbitt, Chief Economist at Santander UK, said: "While there seems to be an increase in press stories about inflation, the Monetary Policy Committee (MPC) again voted for no change in Bank Rate today. After the three way split vote last month, financial markets will be looking to the minutes of the meeting to see if there have been any changes in voting or in the emphasis in the review of latest economic information and concerns.

CBI reaction to Bank of England's MPC decision

Thu, 13 Jan 2011 17:18:40 +0100

The Confederation of British Industry (CBI) today responded to the announcement from the Bank of England's Monetary Policy Committee (MPC) that it will keep interest rates the same.

North East joins local enterprise partnership network

Thu, 13 Jan 2011 13:12:48 +0100

A new local enterprise partnership for the North East of England was approved today by Minister for Business, Mark Prisk, and Decentralisation Minister, Greg Clark.

Former analyst fined Â£50,000 for disclosing misleading information

Thu, 13 Jan 2011 13:09:27 +0100

The Financial Services Authority (FSA) has fined Christopher Gower £50,000 for making misleading and inaccurate disclosures to the market about Enterprise Inns plc (ETI) to clients via Bloomberg instant messenger, substantially impacting ETI share price.

Firms advised proper book keeping is essential to avoid Â£3,000 fine

Thu, 13 Jan 2011 13:04:35 +0100

The Forum of Private Business (FPB) is warning small firms to keep proper financial records or face fines in excess of £3,000.

Urgent question on bonuses: answer by the Chancellor of the Exchequer

Wed, 12 Jan 2011 16:26:45 +0100

Mr Speaker, we inherited from the previous Government a failed system of banking regulation and a situation where billions of pounds had been provided to bail out bankers with nothing demanded in return.

Crowe Clark Whitehill gains a new partner in Manchester

Wed, 12 Jan 2011 15:10:42 +0100

Crowe Clark Whitehill would like to announce that Andrew Campbell, formerly of Campbell Woolley LLP, has joined our Manchester office at the beginning of January as a partner along with six former members of his staff.

âBanks should be forced to pay bonuses in contingent capital, not sharesâ â ...

Tue, 11 Jan 2011 18:23:06 +0100

Liberal Democrat Euro MP, Sharon Bowles, who chairs the European Parliament’s Economic and Monetary Affairs Committee, today hit out at banks which have decided to pay bonuses to staff in shares rather than using the alternative - ‘contingent capital’ - a form of debt that converts into equity when there is a crisis.

âEU rules on bankersâ bonuses are a Lib Dem winâ â Sharon Bowles MEP

Tue, 11 Jan 2011 18:17:10 +0100

Liberal Democrat Euro MP, Sharon Bowles, who chairs the European Parliament’s Economic and Monetary Affairs Committee, has hailed the new rules on bankers’ bonuses, which she introduced into legislation last year, as a success for the Lib Dems now they are being rolled out across the EU.

Government must not exclude small firms from job creation plans, says business group

Mon, 10 Jan 2011 16:21:10 +0100

The Forum of Private Business (FPB) is urging the Government to ensure small and medium-sized businesses – which already employ almost 60% of the private sector working population – are central to its job creation plans.

Financial services activity grows strongly for second quarter running

Mon, 10 Jan 2011 13:05:19 +0100

Activity grew strongly in the UK financial services sector for the second quarter in a row, in the three months to December, a new survey reveals today.

Cut duty on fuel if price stabiliser wonât work, Cameron urged

Fri, 07 Jan 2011 15:35:35 +0100

A small business support organisation is calling on the Government to cut fuel duty if its proposed ‘fuel price stabiliser’ proves too impractical to implement.

Director fined and banned over Â£2 million insurance fraud

Thu, 06 Jan 2011 10:14:16 +0100

The Financial Services Authority (FSA) has fined Barry Williams £25,000 and banned him from working in regulated financial services for his part in a scheme that defrauded leading London market insurers of more than £2 million.

VAT rise will be detrimental to small businesses

Tue, 04 Jan 2011 17:15:12 +0100

More than 70 per cent of small businesses expect today's VAT rise to have a negative impact on their business, according to a member survey by Federation of Small Businesses (FSB).

Government introduces bank levy

Tue, 04 Jan 2011 17:02:15 +0100

The Government have introduced a permanent levy on banks’ balance sheets as it believes that banks should make a full and fair contribution in respect of the potential risks they pose on the wider economy.

Carole Hughes comments on the impact of 20% VAT rate on SMEs under the VAT threshold

Tue, 04 Jan 2011 11:27:23 +0100

Speaking regarding the impact of the new 20% VAT rate on SMEs operating under the VAT threshold, Carole Hughes, managing director of credit management and commercial debt recovery experts Daniels Silverman says:

Business chief warns of âchallenges' ahead, but 'swift tax and red tape reform could lift SMEs'

Fri, 31 Dec 2010 11:53:40 +0100

The head of one of the UK’s six main business groups has warned that smaller companies face a ‘challenging’ year ahead.

Survey finds mid-cap businesses confident for the New Year

Thu, 30 Dec 2010 10:55:28 +0100

Mid-cap businesses are looking forward to a successful New Year with 58 per cent expecting an increase in their turnover in 2011 and 93 per cent of those seeking finance managing to obtain what they need, a Department for Business survey shows today.

FSB calls for emergency measures to help small businesses through cold snap

Tue, 21 Dec 2010 12:33:49 +0100

With unprecedented bad weather costing the economy between £600 million and £1 billion every day, the Federation of Small Businesses (FSB) is calling on the Government and the banks to provide hard hit small businesses with the breathing space they need to stay afloat over Christmas and the New Year.

Economic growth crucial for progress on financial regulation in 2011

Fri, 17 Dec 2010 10:06:10 +0100

This year's considerable progress on international regulatory reform has been recently overshadowed by East-West imbalances and the spectre of Eurozone uncertainty. The International Centre for Financial Regulation (ICFR) has predicted that the implementation of global financial regulatory reform in 2011 will depend heavily on whether the public begins to feel the benefits of economic growth.

Small businesses blast utilities companies in new research

Thu, 16 Dec 2010 17:57:11 +0100

Small businesses have blasted the levels of customer service provided by utilities companies, new research from the Forum of Private Business (FPB) has revealed.

Forum urges firms to prepare for January VAT rise

Thu, 16 Dec 2010 17:41:49 +0100

A business support organisation is warning firms that the January VAT rise could leave them with a new year headache if they fail to prepare properly.

New appointment at Oriel Group

Wed, 15 Dec 2010 18:24:55 +0100

Steve Wortley has been appointed as Managing Director of Oriel Contractors Ltd. Oriel Contractors are a leading specialist provider of contractor payroll solutions and Umbrella services to the recruitment and independent contractor market. Oriel has made this significant new appointment to support the company’s growth strategy for 2011 and beyond

New business win is perfect chemistry for Science Warehouse

Wed, 15 Dec 2010 17:54:16 +0100

Science Warehouse, one of the fastest growing companies in the e-business sector, has won a major new contract with leading international group of laboratories, Eurofins Scientific. The agreement sees Science Warehouse providing its market leading technology to deliver user-friendly purchasing and transaction management solutions to the eight Eurofins Scientific sites across the UK.

Mark Prisk backs microfinance for small firms

Mon, 13 Dec 2010 18:17:07 +0100

Business and Enterprise Minister Mark Prisk today set out three key measures by the Government to promote support for micro-lending to small business.

Redleaf Acquires Polhill

Mon, 13 Dec 2010 09:33:48 +0100

The Board of Redleaf Communications, the full-service PR and investor relations agency, is pleased to announce that it has acquired Polhill Communications, the specialist financial services agency founded by Julian Polhill in 1990.

Forum urges small firms to avoid Christmas party pitfalls

Wed, 08 Dec 2010 18:48:20 +0100

A small business support organisation is urging employers to avoid the potential pitfalls of Christmas as the festive season gets into full swing.

CSA Appoints New Directors to its Board

Wed, 08 Dec 2010 17:57:00 +0100

Following the new appointments to the Board of Directors for the Credit Services Association, announced at its Annual General Meeting (AGM) in September, the individual responsibilities and portfolios have now been confirmed for the new members.

Lord Heseltine encourages the North East to go for growth

Mon, 06 Dec 2010 17:45:31 +0100

Lord Heseltine is visiting the North East today to encourage local businesses and entrepreneurs to bid for cash from the Government’s flagship £1.4bn Regional Growth Fund.

Tax avoidance plans fail to address Channel Islands VAT loophole, warns business group

Mon, 06 Dec 2010 17:18:44 +0100

Government plans to clamp down on tax avoidance have missed out a Channel Islands VAT loophole costing the Treasury hundreds of millions of pounds per year and devastating independent traders, the Forum of Private Business (FPB) is warning.

The government should force banks to lend, say SMEs

Mon, 06 Dec 2010 16:57:26 +0100

The UK’s SMEs feel that still not enough is being done by the banks to provide finance and that the Government should force banks to lend.

Orders up but profits down at smaller firms, new research finds

Fri, 03 Dec 2010 09:55:33 +0100

Many small businesses have experienced a rise in orders and turnover in recent months, new research has discovered.

UK economy to enjoy stronger growth this year, says OBR

Thu, 02 Dec 2010 15:36:34 +0100

The independent Office for Budget Responsibility (OBR) has revised its growth predictions for the UK economy.

Top 15 banks sign Code of Practice

Tue, 30 Nov 2010 17:43:18 +0100

The Government today announced that the top fifteen banks operating in the UK have adopted the Code of Practice on Taxation.

Government launches growth review

Mon, 29 Nov 2010 17:55:38 +0100

The Chancellor of the Exchequer, George Osborne and Business Secretary, Vince Cable today announced a fundamental review of what all parts of Government are doing to create the best conditions for private sector growth.

Compliance drives IT spend, but ROI canât be overlooked

Mon, 29 Nov 2010 17:04:05 +0100

Mikael Krohn, VP at EDB Business Partner comments:

Changes to small business rate relief could have sting in the tail, warns small firmsâ champion

Fri, 26 Nov 2010 13:38:42 +0100

Changes heralded as making Small Business Rate Relief (SBRR) apply ‘automatically’ could instead lead to councils scrapping the tax break altogether, the Forum of Private Business (FPB) and property specialist LeaseholdersUnited are warning.

Aldermore pushes to the East with key regional appointment

Thu, 25 Nov 2010 16:12:17 +0100

Aldermore Invoice Finance, part of Aldermore, the new British bank, has strengthened its team in the Midlands with the appointment of Anthony Melvin as regional sales manager. Anthony will spearhead the expansion of Aldermore Invoice Finance in the East Midlands and service the funding needs of SMEs across the region.

Over forty percent of businesses say banks are supportive

Thu, 25 Nov 2010 12:21:34 +0100

A survey of business owners reveals that over forty percent (44%) of them believe that the banks have been broadly supportive over the last three months to September; while less than a quarter (22%) disagree with this sentiment. Out of that group, just 17% of business owners disagree ‘strongly’ that banks have been supportive.

Azule Finance Doubles Lighting Business as Confidence Returns to the Lighting Market

Wed, 24 Nov 2010 16:35:34 +0100

Today, Azule Finance, the lighting and sound finance specialists, released strong FY10 growth figures, demonstrating soaring demand for technical investments in new lighting technology. Figures released today show that Azule’s lighting business has doubled since FY09, spurred on by the growing popularity of products like GLP impressions (sales for which have risen from 6% in FY09 to 15% in FY10). With an ever increasing demand for sophisticated and dramatic light shows at festivals ...

Donât kill off high street trade through parking charge hikes, councils urged

Wed, 24 Nov 2010 16:23:37 +0100

Councils could kill off high street trade if they hike town centre parking charges, a small business support organisation has warned.

Morton Smith Appoints Marketing Manager

Tue, 23 Nov 2010 17:29:56 +0100

Moreton Smith has announced the appointment of Sairah Mojib as their new Marketing Manager, as part of their plans to grow the business and expand their customer base.

SAS ranks as a leader in Chartis RiskTech100 report

Mon, 22 Nov 2010 17:17:09 +0100

SAS, the leader in business analytics software and services, secured the No. 2 spot in Chartis Research's prestigious RiskTech100 rankings, an annual international listing of the top risk technology vendors. Based on a survey of 827 risk technology buyers and end users. RiskTech100 methodology assessed each vendor's functionality, core technology, organisational strength, customer satisfaction, market presence and innovation.

Manx Financial Group PLC Acquires ECF Asset Finance Plc

Mon, 22 Nov 2010 17:05:16 +0100

Manx Financial Group PLC (MFG) announced today that it has acquired ECF Asset Finance Plc (ECF), an asset finance house located near Manchester formed over 19 years ago to provide finance to UK based companies.

Bibby Financial Services Group acquires Kopparberg Finans AB

Fri, 19 Nov 2010 16:25:06 +0100

The Bibby Financial Services Group has announced today that it has acquired Kopparberg Finans AB, an independent factoring company based in Ljusnarsberg, central Sweden.

More than a third of calls to employment helpline concern redundancy and staff disputes

Thu, 18 Nov 2010 18:33:08 +0100

Redundancy and workforce disputes remain the biggest staffing headaches of small businesses but, with fewer entrepreneurs seeking help as the economy recovers, new figures suggest employment issues are becoming less pressing concerns.

A country for old men: three quarters of UK directors are male

Wed, 17 Nov 2010 00:00:01 +0100

New research from Creditsafe, the business intelligence experts, reveals there remains huge gender inequality in UK boardrooms with men still dominating the upper echelons of the company leadership. Three quarters (76%) of the directors of UK companies are male, a statistic that would appear to support arguments that gender inequality is still rife in the business world.

Cable announces new business mentoring network

Tue, 16 Nov 2010 09:35:41 +0100

Vince Cable has announced a new 40,000-strong network of business mentors at the launch of Global Entrepreneurship Week, and called on more businesses to join up.

Don't leave staff holiday calculations until the last minute, Forum urges

Fri, 12 Nov 2010 16:22:04 +0100

A small business support group is urging firms not to leave their 2010 staff holiday calculations until the last minute.

Aldermore bolsters regional team

Fri, 12 Nov 2010 15:43:26 +0100

Aldermore Invoice Finance, part of Aldermore, the new British bank, is looking for further growth in Brighton and the South East region following the appointment of a new regional sales manager.

Time to Pay squeeze to hit vulnerable businesses hardest in 2011

Fri, 12 Nov 2010 15:38:34 +0100

New research which looks at the challenges facing businesses in 2011 found that almost a third (29%) of insolvency experts think that a squeeze of the Time to Pay facility would be the most harmful potential development. The impact of public sector cutbacks and a modest rise in interest rates were joint second, with 23 percent each.

CSA statement re Roger Lucas

Thu, 11 Nov 2010 15:51:54 +0100

The Board of the Credit Services Association (CSA) has been officially informed that its President, Dr Roger Lucas, will be stepping down as Vice Chairman of The Lewis Group and leaving the company on 31 December 2010.

Roger Lucas to step down as Vice Chairman of The Lewis Group

Thu, 11 Nov 2010 15:47:37 +0100

The Lewis Group has confirmed that Dr Roger Lucas will be stepping down as its Vice Chairman and from its board on 31 December 2010.

Energy risks for business set to increase, reveals new white paper

Wed, 10 Nov 2010 15:26:02 +0100

An increase in financial, reputational and legislative risks associated with business usage of energy means organisations need to put in place effective plans now to reduce their exposure to future risks. This is the key finding of a new white paper published today, Energy Risk Management for UK Business, commissioned by npower from the London School of Economics.

Intermediaries 'highlight need for education'

Tue, 09 Nov 2010 16:33:12 +0100

The need to educate UK small and medium-sized businesses on their funding options is the biggest priority for financial intermediaries, according to an annual survey by Bibby Financial Services, the UK’s largest independent Invoice Financier.

Business owners sceptical over Coalitionâs ability to cut red tape

Mon, 08 Nov 2010 16:16:37 +0100

Many small business owners doubt the new Government’s ability to free them from the shackles of red tape, according to new research.

ICM reaches for the sky for final regional roadshow

Mon, 08 Nov 2010 16:05:38 +0100

The last stop of the year for the Institute of Credit Management’s (ICM) regional roadshow tour of 2010 will be hitting Europe’s premier aviation museum at Duxford, in Cambridgeshire, on December 9.

FLA responds to Government's Green Paper response on sources of finance for businesses

Mon, 08 Nov 2010 11:37:55 +0100

The Finance & Leasing Association has responded to the Government’s response to its Green Paper, Financing a Private Sector Recovery. Julian Rose, Head of Asset Finance, said:

New regulations could change large companies' accounts by an average of Â£463m

Mon, 08 Nov 2010 11:35:07 +0100

Research by the University of Winchester Business School, commissioned by the Finance and Leasing Association (FLA) found that companies listed on the main UK Stock Exchange could see an average increase in their reported assets and liabilities of £463m.

Big business immigration loophole would be unfair on small firms, Forum warns

Fri, 05 Nov 2010 15:43:18 +0100

Possible plans to allow multi-national companies to bypass immigration laws would be hugely unfair on smaller firms, it has been warned.

Dataplex secure with Aldermore

Fri, 05 Nov 2010 15:37:49 +0100

A provider of IT advisory, infrastructure and security services is planning to embark on a major recruitment drive after securing a £1.3 million funding line from Aldermore Invoice Finance, part of Aldermore, the new British Bank.

Donât get drawn into debt spiral warns Atlantic Financial Management

Fri, 05 Nov 2010 15:34:44 +0100

The publication this week of the latest insolvency figures reveals a stark picture of continuing debt problems for the UK. Atlantic Financial Management, the debt solution provider, is urging those in financial difficulties to tackle debt problems now as we head towards Christmas and a new year of benefit cuts and tax increases plus the threat of job losses and interest rate rises.

Industry leader to return in 2011

Fri, 05 Nov 2010 12:49:25 +0100

The leader of the pack in credit industry events will return on 4 October 2011, providing the original and the best networking national event, which others later seek to emulate.

Statistics reveal insolvencies in third quarter 2010

Fri, 05 Nov 2010 10:09:19 +0100

Statistics showing insolvencies in the third quarter of 2010 are published today by the Insolvency Service.

Glen Herbert joins Target Group Board of Directors

Thu, 04 Nov 2010 17:36:44 +0100

Leading financial software and servicing company, Target Group, has appointed Glen Herbert to its board of directors, to further drive the growth and development of the business.

Almost 100% of business owners give free networking events the thumbs-up

Wed, 03 Nov 2010 15:39:57 +0100

Business owners have given a resounding thumbs-up to a series of free networking events held by a not-for-profit support organisation for smaller firms.

Property Portfolio Rescue rebrands as PPR Estates

Wed, 03 Nov 2010 12:05:45 +0100

Property Portfolio Rescue (PPR), the UK-based property company, has today (3rd November 2010) announced a rebranding of the business and from now on will be known as PPR Estates.

Help for retail sector as new guide asks âhow healthy is your high streetâ?

Tue, 02 Nov 2010 15:14:37 +0100

A simple new health check to help local business people spot early signs of decline in their High Street will be launched today by Business Minister Mark Prisk.

iQor acquires RMS

Mon, 01 Nov 2010 16:44:15 +0100

iQor Holdings Inc., a global provider of business process outsourcing (BPO) services, has acquired RMS, a leader in business-to-business accounts receivable outsourcing services.

Business group welcomes move to make public contracts more accessible to small firms

Mon, 01 Nov 2010 16:39:39 +0100

The Forum of Private Business (FPB) is welcoming moves to make public contracts worth £236 billion more accessible to small firms and link procurement to prompt payment.

Cross government action to unleash enterprise and help small business

Mon, 01 Nov 2010 12:38:13 +0100

Small Business Minister Mark Prisk today hosted a Summit for Small Business and set out a cross government package of measures to help the five million small and medium companies in this country grow and boost enterprise across Britain.

New pension and retirement rules will stop small firms employing, says business group

Fri, 29 Oct 2010 17:42:58 +0100

A small business support organisation is warning that recent changes to pensions and retirement rules will hamper job creation among smaller firms.

Taylor Wessing secures two further lateral hires into Commercial Disputes

Wed, 27 Oct 2010 13:02:50 +0100

Following the recently reported recruitment of financial disputes expert Tim Strong, Taylor Wessing has secured the hire of two further partners to its growing Commercial Disputes group. Julian Randall and Andrew Howell also join Taylor Wessing from Barlow Lyde & Gilbert, where the former currently heads up the Commercial Disputes practice and Andrew is a Partner in the Commercial Litigation and Arbitration group.

peterevans introduces new front to back office outsourcing offering

Wed, 27 Oct 2010 10:56:50 +0100

peterevans, leading solutions provider for financial services firms, today announced a new SaaS (Software as a Service) for small and mid-range firms to outsource their front and back offices. The offering is based on a fully managed scalable and resilient IT platform which decreases operational overheads and ensures corporations comply with regulatory changes. SimplyStockbroking, one of the UK's most innovative execution-only services for private investors, is the first client to use the servic ...

Payments not ready for SEPA

Wed, 27 Oct 2010 09:28:16 +0100

Since 2006, the use of IBAN (international bank account numbers) and BIC (bank identifier codes) have been compulsory for all international euro transactions. However under SEPA, the use of BIC and IBAN will be mandatory for domestic as well cross-border payments, replacing the existing BBANs (basic bank account numbers).

UK must raise its game in face of increasing overseas competition for investment

Mon, 25 Oct 2010 15:00:28 +0100

The UK is facing increasing competition as a destination for business investment and, although it is starting from a strong base, will need to work hard if it is to maintain its position, the Confederation of British Industry (CBI) said.

European banksâ reliance on legacy technology 'is hampering flexibility and increasing costs'

Mon, 25 Oct 2010 12:41:08 +0100

Callataÿ & Wouters, a provider of core banking and multi-channel distribution solutions, today releases the findings from research into how IT decision makers in banks across the UK, France and Germany are approaching their investment in core banking systems following the financial crisis. The majority - 66 per cent - agree that the events of the past two years in the finance industry have increased the importance of core banking systems to the business, but 69 per cent are still operat ...

UK Government publishes draft legislation on the Bank Levy

Thu, 21 Oct 2010 19:38:17 +0100

Financial Secretary to the Treasury, Mark Hoban MP, announced today the publication by the Government of draft legislation on the Bank Levy, which was announced in the June Budget.

Bibby Financial Services comments on Comprehensive Spending Review

Thu, 21 Oct 2010 18:50:10 +0100

Commenting on the Comprehensive Spending Review outlined yesterday by Chancellor George Osborne, Andy Tait, executive director at specialist business finance provider Bibby Financial Services, said:

Comprehensive Spending Review (CSR): 'tax measures welcome but government must go further'

Wed, 20 Oct 2010 18:18:40 +0100

The Forum of Private Business (FPB) is responding to today’s Comprehensive Spending Review (CSR) by calling on the government to go further to create an even playing field on tax for small firms.

Take 2 scales up its lighting rental arm through finance from Azule

Wed, 20 Oct 2010 18:11:04 +0100

Take 2 Film Services, The UK’s largest independent supplier of motion picture and digital camera equipment, has today announced that it has acquired £400,000 worth of lighting equipment from Elstree Light and Power (ELP) through leading Media and Broadcast finance company Azule Finance. The acquisition has seen Take 2 Lighting increase its share of the rental market offering its customers a complete production solution from cameras to grip and lighting, fulfilling the requiremen ...

Negativity to blame for polarising business confidence ahead of spending review, survey suggests

Tue, 19 Oct 2010 19:10:31 +0100

Some small business owners’ are more pessimistic about the future because they fear the impact of imminent public spending cuts, according to new research from the Forum of Private Business (FPB).

ICM Welcomes FSB Report On Mentoring Scheme

Tue, 19 Oct 2010 18:58:37 +0100

The Institute of Credit Management (ICM) has welcomed the Federation of Small Businesses (FSB) report on the national mentoring scheme aimed at helping start-up and growing businesses flourish, but urges that it involves all businesses and SME experts, and not just banks.

Over half of SMEs use social media - but many question its value, survey finds

Tue, 12 Oct 2010 17:27:11 +0100

More than half of Britain’s small to medium-sized enterprises (SMEs) now use social media, a new survey has found.

âEU must act to end corporate irresponsibility and tax avoidance in developing countriesâ

Mon, 11 Oct 2010 17:02:28 +0100

Liberal Democrat MEP Sharon Bowles, who chairs the European Parliament's influential Economic and Monetary Affairs Committee, has called again on the European Commission to speed-up making country-by-country reporting standards compulsory for EU companies.

Bibby Financial Services launches new funding initiative

Mon, 11 Oct 2010 16:33:33 +0100

Specialist invoice financier Bibby Financial Services has today launched a new funding initiative aimed specifically at businesses with a turnover of between £250k to £1m.

Prepare for wintry weather now through business continuity plans, small firms urged

Fri, 08 Oct 2010 11:49:10 +0100

A business support organisation is urging small firms to ensure they prepare for weather-related disruptions this winter by drawing up continuity plans.

MCR appoints Julia Bennett Director

Fri, 08 Oct 2010 11:31:46 +0100

Julia Bennett has joined MCR as Director in the new Birmingham office. Julia has 14 years restructuring experience in both big 4 and mid-tier firms, following qualifying as a chartered accountant in the audit function.

Entrepreneurs identify health and safety concerns in new research

Thu, 07 Oct 2010 19:22:52 +0100

Entrepreneurs want a Government review of health and safety laws to focus on removing the excessive bureaucracy stifling their businesses and threatening economic growth, according to the Forum of Private Business (FPB).

Bibby Financial Services goes back to basics with its new downloadable guide

Thu, 07 Oct 2010 19:12:07 +0100

The UK’s leading independent invoice finance provider, Bibby Financial Services, is launching a straight-talking guide for business owners and managers to help de-mystify the alternative business finance product, invoice finance.

Letter on European Supervisory Architecture to Rt Hon Dr Vince Cable from Sharon Bowles MEP

Thu, 07 Oct 2010 19:08:35 +0100

Background

· Sharon Bowles MEP wrote a letter to Vince Cable, (parts of which were published in the FT on Tuesday 5th October), after the European Parliament voted in favour of the new European Supervisory Architecture.

· Sharon played a leading role in the legislation as the Chair of the European Parliament’s Economic and Monetary Affairs Committee and also chairing of the co-decision negotiations with the Council and Commission.

Cableâs bank agenda 'must result in action'

Wed, 29 Sep 2010 19:12:31 +0100

As UK businesses remain in a state of financial limbo between limited access to funding from the banks, and a Green Paper on business funding being drawn up by the Government, action is needed to promote other forms of finance which are more accessible and flexible to help businesses survive and grow, says Bibby Financial Services, which today announced it has achieved its 5,000th global client for the first time in the company’s history.

Group supports alternative to banks and calls for local freedom to lend to firms with strong orders

Wed, 29 Sep 2010 19:07:59 +0100

Small businesses are struggling to access finance despite future orders worth hundreds of thousands of pounds - or more - because banks are refusing to accept that strong order books and letters of credit prove they are viable.

Sharon Bowles MEP comments on European Commission's proposals on Economic Governance

Wed, 29 Sep 2010 18:48:06 +0100

Sharon Bowles MEP, who chairs the Economic and Monetary Affairs Committee in the European Parliament, has welcomed the European Commission's proposals on economic governance.

Morgan Stanley appoints Target to manage significant investment portfolio

Mon, 27 Sep 2010 19:04:15 +0100

Morgan Stanley has appointed financial outsourcer and software solutions company Target Group to provide administration services for one of its UK retail structured investment products portfolios.

Link Financial to partner with Funding Circle, the newly launched âsocial lending ...

Thu, 23 Sep 2010 18:25:12 +0100

Link Financial Outsourcing (‘LFO’), part of Link Financial Group, is pleased to announce its partnership with Funding Circle, the innovative new ‘social lending platform’ that facilitates loans between individuals and businesses.

HSBC hires new global head of credit trading for global markets

Thu, 23 Sep 2010 18:19:46 +0100

HSBC today announced the appointment of Niall Cameron as Global Head of Credit Trading. In addition, Cameron will drive our global strategy for delivering technology solutions to our clients. Cameron, who starts in December 2010, will be based in London and will report to Samir Assaf, Head of Global Markets.

Aldermore Invoice Finance brings milk to rural schools

Thu, 23 Sep 2010 17:52:31 +0100

Dairylink, a Staffordshire-based milk buyer and distributor, is pushing forward with its plans to become a leading supplier and distributor of milk to children in schools across England and Wales, after securing a funding line from Aldermore Invoice Finance.

Businesses urged to look at opportunities in emerging markets to take advantage of the new landscape

Wed, 22 Sep 2010 09:14:58 +0100

As the Government settles in and spending cuts are realised, businesses should seize opportunities for growth, says Bibby Financial Services.

IT sector switches on to new finance product

Mon, 20 Sep 2010 19:17:54 +0100

The rationalisation of business caused by the recession has certainly had a knock-on effect on the IT sector with many firms cutting budgets. However, there are still a wealth of opportunities as companies use the outsourcing of their IT solutions to make cuts increase efficiencies.

Aldermore Invoice Finance completes 3 deals circa Â£1.5m since rebrand

Thu, 16 Sep 2010 18:39:18 +0100

Clear future for Bottleworks after funding boost

A Yorkshire-based glass bottle decorating company is set for rapid growth after securing a £750,000 invoice finance facility from Aldermore Invoice Finance (“Aldermore”), part of Aldermore, the new British bank.

Aldermore continues growth with appointment in Cambridge

Mon, 13 Sep 2010 17:37:21 +0100

Specialist business financier, Aldermore Invoice Finance (“Aldermore”), part of the new British bank Aldermore, has appointed Andy Phillips as a regional sales manager to develop the firm’s presence in Cambridge and the wider East of England region.

Small businesses across the UK urged to learn the wonders of the web via free events

Thu, 09 Sep 2010 18:02:42 +0100

Business owners across Britain are being invited to a series of free events which will explain how to make the internet work for them.

FSA fines Goldman Sachs International Â£17.5 million for weaknesses in controls

Thu, 09 Sep 2010 17:54:09 +0100

The Financial Services Authority (FSA) has today fined London-based firm Goldman Sachs International (GSI) £17.5 million for breaching FSA Principles. The fine relates to GSI’s failure to ensure that it had in place adequate systems and controls to enable it to comply with its UK regulatory reporting obligations. This resulted in a failure to notify the FSA of matters relating to the United States Securities and Exchange Commission (SEC) investigation into the Abacus 2007-AC1 syntheti ...

FSSC announces strategic partnership to deliver skills for Scotland

Thu, 09 Sep 2010 17:49:09 +0100

The Financial Services Skills Council (FSSC), the independent, employer-led sector skills council for finance, accountancy and financial services, today announced its partnership with the Scottish Financial Services Skills Gateway, the employer’s board of which will also act as the FSSC’s committee in Scotland.

New Local Enterprise Partnerships criss-cross the country

Wed, 08 Sep 2010 18:46:53 +0100

The commitment and ambition shown by councils and business to radically reshape the way business and government interact at the local level was praised by Communities Secretary Eric Pickles and Business Secretary Vince Cable today.

Training and business support should be the focus of new Local Enterprise Partnerships

Tue, 07 Sep 2010 18:07:18 +0100

With public and private sector organisations clamouring to form new Local Enterprise Partnerships (LEPs), the Forum of Private Business (FPB) is arguing that the new bodies should focus on providing training as well as guidance on the support that businesses really need.

Vince Cable welcomes appointment of Stephen Green as Trade Minister

Tue, 07 Sep 2010 18:01:56 +0100

Business Secretary Vince Cable today welcomed the appointment of Stephen Green as Minister for Trade and Investment.

National Insurance holiday 'does not go far enough'

Mon, 06 Sep 2010 17:43:05 +0100

The Forum of Private Business (FPB) is welcoming a National Insurance (NI) holiday for some start-ups but calling for further tax breaks if small businesses are to be the catalyst for sustained economic recovery.

National insurance holiday for new businesses in the regions begins

Mon, 06 Sep 2010 13:15:06 +0100

Today a new regional National Insurance Contributions (NICs) holiday for new businesses came into effect. New business set up outside London, the South East and East of England will be eligible for a holiday worth up to £5,000 for up to the first ten employees they hire in their first year of business. This means a maximum saving on their national insurance payments of up to £50,000.

Service sector profitability falls as business levels remain below normal

Fri, 03 Sep 2010 12:21:00 +0100

Profitability fell unexpectedly in both the Consumer and Business & Professional Services sector in the last three months as business levels remained well below normal, according to the latest Confederation of British Industry (CBI) Service Sector Survey.

Deutsche Bank strengthens the high yield trading business in Europe

Thu, 02 Sep 2010 16:16:56 +0100

Deutsche Bank today announced a number of key hires to strengthen its already successful high yield trading business in Europe.

Wayne Hiley Appointed to New Position as Head of Debt Finance, Northern England

Thu, 02 Sep 2010 16:04:39 +0100

Barclays Corporate, the corporate banking arm of Barclays Bank PLC, today announced the appointment of Wayne Hiley in the new position of Head of Debt Finance, Northern England.

SMEs urged to unlock the secrets of the web through free events

Wed, 01 Sep 2010 17:33:46 +0100

Smaller businesses across the UK are being invited to discover how they can harness the full potential of the internet through a series of free events.

Absolute rebrands as integration with Aldermore completes

Tue, 31 Aug 2010 17:00:15 +0100

Absolute Invoice Finance, the specialist business financier that was acquired in November 2009 by Aldermore, the new British bank, has today rebranded as Aldermore Invoice Finance.

FSA fines SociÃ©tÃ© GÃ©nÃ©rale Â£1.575 million for failures in transaction reporting

Fri, 27 Aug 2010 17:51:38 +0100

The Financial Services Authority (FSA) has fined the London branch of Société Générale (SocGen) £1,575,000 for failing to provide accurate transaction reports to the FSA. The fine reflects the seriousness of SocGen’s failure to submit accurate reports for approximately 80% of its reportable transactions, across all of its asset classes, for a period of over two years.

Forum urges small firms to tell of their banking experiences via online survey

Wed, 25 Aug 2010 18:16:49 +0100

A not-for-profit small business support group is urging firms to take part in a new survey to highlight their experiences of dealing with the banks.

FSA fines Zurich Insurance Â£2,275,000 for the loss of 46,000 policy holdersâ personal ...

Tue, 24 Aug 2010 18:14:47 +0100

The Financial Services Authority (FSA) has fined the UK branch of Zurich Insurance Plc (Zurich UK) £2,275,000 for failing to have adequate systems and controls in place to prevent the loss of customers’ confidential information. The fine is the highest levied to date on a single firm for data security failings.

Forum criticises plans to tax small firms on staff parking

Mon, 23 Aug 2010 16:28:56 +0100

A small business support group has reacted to reports that a controversial tax on private parking spaces is set to be extended.

First growth in asset finance since September 2008

Mon, 23 Aug 2010 15:56:59 +0100

June this year saw growth in new asset finance (leasing and hire purchase), including commercial vehicles and other business equipment, for the first time since September 2008.

Undervalued properties preventing bank lending to small firms, Forum warns

Wed, 18 Aug 2010 17:55:54 +0100

A small business support group is warning that inaccurate property valuations are preventing many smaller firms from accessing affordable bank lending.

Finally, a reason to pay bills on time (Albany Software)

Tue, 17 Aug 2010 17:12:27 +0100

Managing cash flow has become one of the great SME arts over the past year and looks set to remain a critical skill for business survival for some time to come. But just how many organisations understand the costs that are being incurred as a result of failing to pay on time?

FCCI Insurance Group improves pricing, profitability with SASÂ® Analytics

Tue, 17 Aug 2010 17:07:25 +0100

Technology is helping insurers improve profitability and operational efficiency by better understanding and servicing customers. Using SAS, the leader in business analytics, FCCI Insurance Group harvests valuable information from its data, helping underwriters select accounts and price insurance products.

Comment from Bibby Financial Services on Vince Cable's green paper

Tue, 17 Aug 2010 16:52:28 +0100

In response to the announcement of Vince Cable and George Osborne's "intense discussion" on the issue of access to finance for small businesses, Edward Rimmer CEO of specialist invoice financier Bibby Financial Services, believes that if consultation by the Asset Based Finance Association is taken on board, more businesses will understand the benefits invoice finance presents for real funding and growth opportunities:

Poll of polls suggests UK heading for a double-dip

Mon, 16 Aug 2010 16:06:27 +0100

The economy may be heading for a double-dip recession, with fiscal and monetary policies unlikely to spur recovery for the UK, according to the latest Business Trends report by accountants and business advisors BDO LLP.

Strong German export performance holds important lessons for the UK

Fri, 13 Aug 2010 19:03:59 +0100

Commenting on today’s GDP figures for Germany and other eurozone economies, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Target Group appoints new Head of Customer Operations

Fri, 13 Aug 2010 18:48:47 +0100

Leading financial software and servicing company, Target Group, has appointed Neil Andrews as Head of Customer Operations, to further drive delivery of exceptional value and service for the clients of its business process outsourcing division.

Legion Group plc â The UKâs longest established provider of security services is sold

Fri, 06 Aug 2010 16:44:16 +0100

Paul Williams, John Whitfield and Paul Clark of MCR have successfully completed the sale of the UK’s longest established provider of security services, Legion Group plc to the leading support services provider OCS Group UK Limited.

Q2 2010 insolvency figures up 5% on Q2 2009

Fri, 06 Aug 2010 16:08:32 +0100

Personal insolvency figures out this week are expected to show a static, if not slightly reduced, position in comparison to the record figures announced last quarter. Having said that, those figures will still be substantial and the question for creditors remains how they get their money back.

Reaction to Insolvency Service Q2 personal and corporate insolvency figures

Fri, 06 Aug 2010 11:32:19 +0100

Steven Law, President of R3, the insolvency trade body, comments on today’s Q2 statistics from the Insolvency Service.

ICM says focus should be on late payment, not bank lending

Fri, 06 Aug 2010 11:00:21 +0100

Whilst the storm mounts over whether or not the banks are lending to SMEs, recently fuelled further by bumper profits announcements, the Institute of Credit Management (ICM) is calling on businesses to ensure they are doing all they can to keep cash flowing.

Azule Finance helps Movietech scale-up its high-end drama proposition

Fri, 06 Aug 2010 10:53:21 +0100

Rental firm Movietech today announced plans to further upscale its high end camera portfolio with the addition of five ARRI Alexa cameras, financed through media and broadcast leasing specialists, Azule Finance. Movietech received one of the UK’s first ARRI Alexa’s and due to high demand turned to Azule Finance for a quick and competitive leasing solution that ensured they would be among the first UK rental agencies to take delivery of the new cameras, which are currently in high dem ...

Atradius response to Q2 insolvency statistics

Fri, 06 Aug 2010 10:51:08 +0100

Marc Henstridge, Head of Risk,Atradius UK & Ireland said: “Though up slightly on the previous quarter – possibly due to the post Christmas trading boost inflating figures for Q1, and a subsequent lull in Q2 as confidence dipped around the general election - the general downward trend in company insolvencies, down 19.1% on the same period last year, is encouraging.

New red tape rules must be backed by real culture change, says business group

Fri, 06 Aug 2010 10:37:15 +0100

The Forum of Private Business is welcoming the Government’s announcement that a ‘one-in, one-out’ regulatory system will be introduced on 1 September 2010 in order to stem the growing burden of red tape on small firms.

Conister Finance & Leasing Limited Strengthens UK Sales Team

Tue, 03 Aug 2010 17:35:56 +0100

Conister Finance and Leasing is delighted to announce the appointment of two new members to its UK team.

ICM offers helping hand to Notts businesses on cashflow management

Tue, 03 Aug 2010 17:32:27 +0100

Experts from the world of credit management will be on hand to give best advice to local businesses on how to manage their cashflow when the latest Institute of Credit Management (ICM) Roadshow rolls into town and specifically Norwood Park Country House in Southwell, Nottinghamshire.

SMEs act to preserve cashflow as risk of double dip continues

Mon, 02 Aug 2010 18:22:10 +0100

Growing numbers of SMEs in the UK are turning to alternative sources of funding in order to preserve cashflow in the event of a double dip recession, according to specialist business financier, Absolute Invoice Finance (“Absolute”).

Banking figures confirm decline of small business lending

Fri, 30 Jul 2010 15:11:15 +0100

The Forum of Private Business is responding to the latest figures from the British Bankers’ Association (BBA), which show that lending to the UK’s small firms is in decline.

Forum voices opposition to âcripplingâ retirement age plans

Fri, 30 Jul 2010 12:05:06 +0100

A small business support group has hit out at plans to abolish the default retirement age.

Rise in late payment demands support Cableâs Green Paper

Fri, 30 Jul 2010 11:03:32 +0100

Lovetts Plc, one of the UK’s leading law firms specialising in commercial debt recovery has welcomed the Government’s Green Paper designed to address the lending crisis to small firms. The firm saw late payment demands to secure outstanding debt rise by almost a quarter (24.6%) year on year in the first half of 2010.

FPB voices opposition to âcripplingâ retirement age plans

Thu, 29 Jul 2010 16:27:44 +0100

The new Government this week said it intended to press ahead with the previous administration’s plans to remove an employer’s option to retire staff at the age of 65.

Businesses remain optimistic âdespite limited success for UK firms in Q2â

Wed, 28 Jul 2010 18:23:58 +0100

The confidence of UK businesses continued to improve during Q2 of this year, despite the fact that business turnover has declined since the first quarter of 2010, according to the latest Business Factors Index from Bibby Financial Services.

Hitachi Capital (UK) PLC gears up for further growth with new senior management appointments

Wed, 28 Jul 2010 17:49:29 +0100

Hitachi Capital (UK) PLC, one of the UK’s leading finance providers and part of one of the world’s largest corporations, has announced the appointment of Chris Shirai as Chief Executive Officer following the retirement of CEO David Anthony.

Bank of England report acknowledges importance of buyer driven payables

Wed, 28 Jul 2010 10:43:52 +0100

Oxygen Finance, which provides a new procurement and accounts payable operating model, today announced its support for the Supply Chain Finance Working Group (SCFWG) report which champions Buyer Driven Payables Programmes as key to easing funding conditions in UK business.

Bibby Financial Services acquires Aston Rothbury Factors

Wed, 28 Jul 2010 09:36:22 +0100

Bibby Financial Services today announced that it has acquired the client portfolio of Aston Rothbury Factors, an independent factoring company based in Brentwood, Essex in the UK.

Tougher approach to banks backed by new research showing small firms struggling to access finance

Wed, 28 Jul 2010 09:24:42 +0100

Amid reports that the Government is getting tough with banks for failing to provide affordable lending to small firms, new research from the Forum of Private Business (FPB) shows that access to finance is worsening.

Small firms offered free business facilities through Forum membership

Wed, 21 Jul 2010 17:51:42 +0100

The Forum of Private Business (FPB) is providing all its paying members with complimentary Regus businessworld gold cards, which will give them free internet access, refreshments and professional administrative support.

Balance between cuts and growth must be struck for sustainable economic future â Cable

Tue, 20 Jul 2010 17:39:44 +0100

A plan to foster growth and lock in the recovery will be published today by the Business Secretary Vince Cable when he appears for the first time at the Business, Innovation and Skills Select Committee.

Only a third of UK firms see exports as their route to growth over the next year

Tue, 20 Jul 2010 17:15:20 +0100

The Government’s hopes that the UK economy will stage an export led recovery risk being dashed as new research reveals that just 34 per cent of UK SMEs view the export market as a route to growth over the next 12 months.

Nostrum appoints Business Development Manager

Tue, 20 Jul 2010 17:08:46 +0100

The Nostrum Group Limited ('Nostrum') has appointed Liz Archer as Business Development Manager at its head office in Harrogate with responsibility for developing both the Business Process Outsourcing (BPO) unit and instalment lending software provider icenet.

Positive labour market figures must be supported

Thu, 15 Jul 2010 11:00:56 +0100

Commenting on the labour market figures released today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Tinubu Square strengthens its position in Europe with the opening of a new office in London

Thu, 15 Jul 2010 10:48:25 +0100

Tinubu Square, European leader in innovative credit management solutions, is pleased to announce the opening of its new office in London. The London office, in charge of all UK operations, will be managed by Claire Pavillet.

Forum uses Freedom of Information Act to expose poorly-paying police forces

Thu, 08 Jul 2010 09:39:45 +0100

A small business support group has submitted Freedom of Information (FoI) Act requests to every police force in the UK in order to find out how quickly they pay their suppliers.

Begbies Traynor Bolsters Insolvency Offering with Five New Partner Promotions

Thu, 08 Jul 2010 07:53:43 +0100

Begbies Traynor, the UK’s leading business rescue, recovery and restructuring specialist today announces the promotion of five new partners from inside its insolvency practice, as the company continues to develop its national service offering.

Burdensome regulation âcould lead to smaller, more polarised credit marketâ

Thu, 01 Jul 2010 16:37:26 +0100

When considering any new regulation for consumer credit, the Government should take care to avoid unintended and potentially damaging consequences for lenders and their customers, Stephen Sklaroff, Director General of the Finance & Leasing Association (FLA) will tell delegates at the FLA Consumer Finance Conference today.

Â£1 billion fund to help regional business

Tue, 29 Jun 2010 15:49:56 +0100

Deputy Prime Minister Nick Clegg today launched a £1 billion Regional Growth Fund to help areas and communities at risk of being particularly affected by public spending cuts.

Modest pick-up in UK Financial Services Activity â CBI/PwC

Mon, 28 Jun 2010 16:44:55 +0100

Activity in UK financial services grew in the last three months at the fastest rate since September 2007. But this growth was much lower than expected and firms still considered levels of business to be well below normal, a new survey reveals today (Monday).

Bibby Financial Services urges UK importers to prepare now for Christmas orders

Mon, 28 Jun 2010 16:09:34 +0100

The summer may have only just begun, but specialist international trade finance provider Bibby Financial Services is calling on import business owners and managers to consider their inventory and ensure sufficient finances are in place to fulfil orders in advance of the festive season.

Computer giant Dell entered into late payment Hall of Shame

Mon, 28 Jun 2010 16:04:39 +0100

The Forum of Private Business (FPB) is entering Dell into its late payment Hall of Shame after the company extended the time it takes to pay suppliers by 15 days.

Emergency Budget: the response from small businesses

Fri, 25 Jun 2010 16:40:52 +0100

Almost half the small businesses surveyed by the Forum of Private Business are pleasantly surprised by the Budget but some fear tax rises and other concerns could lead to a double dip recession.

The City should welcome boost to UK competitiveness, according to BDO LLP

Wed, 23 Jun 2010 18:55:47 +0100

As The City digests George Osborne’s first Budget as Chancellor, new research from BDO LLP suggests that his measures to make UK a more attractive place to do business could not have come at a better time.

Clearwater strengthens Manchester office with double appointment

Wed, 23 Jun 2010 18:42:36 +0100

Clearwater Corporate Finance (“Clearwater”) has strengthened its Manchester team with the appointments of assistant director, John Clarke, and manager, Andy Strickland.

Emergency Budget - Comment from Bibby Financial Services

Tue, 22 Jun 2010 19:35:50 +0100

Commenting on today’s emergency Budget, Edward Rimmer, UK chief executive at specialist business finance provider, Bibby Financial Services, said:

FLA responds to Emergency Budget

Tue, 22 Jun 2010 19:29:07 +0100

Responding to the emergency Budget, Julian Rose, Head of Asset Finance at the Finance & Leasing Association (FLA) said:

Small business support group welcomes key Budget victories for SMEs

Tue, 22 Jun 2010 19:24:05 +0100

Small business support group the Forum of Private Business (FPB) has welcomed a number of key victories for SMEs in today’s Budget.

Media Statement on the Budget (VAT increase)

Tue, 22 Jun 2010 18:53:52 +0100

Steven Law, President of R3, the insolvency trade body, comments on the increase in VAT to 20% in today's Emergency Budget.

Thomas Eggar LLP assists on nutritious cash injection

Tue, 22 Jun 2010 18:41:50 +0100

Leading law firm Thomas Eggar LLP has assisted London-based Piper Private Equity with its £3m cash injection to Diet Chef - a business that delivers nutritionally balanced meals to customers. The robust funding package has left the Diet Chef brand standing on a solid foundation that will enable the business to grow and meet its ambitious expansion targets.

The City 'needs strong commitment from the Chancellor'

Mon, 21 Jun 2010 12:54:29 +0100

As the Chancellor puts the final touches to his greatly anticipated Emergency Budget speech, new research from BDO LLP suggests that The City is still feeling nervous about the impact of a coalition government and some international businesses have one eye on the door.

Businesses unanimous in their support for the coalition Government ahead of the emergency Budget

Fri, 18 Jun 2010 17:12:02 +0100

A recent straw poll* conducted by business finance provider Bibby Financial Services shows that the majority of UK firms feel the new coalition Government will improve the outlook for businesses in the UK.

MCR confirms no buyer secured to rescue Art Founders Limited

Fri, 18 Jun 2010 17:10:18 +0100

Matt Bond and Jason Godefroy of MCR, appointed joint administrators of Art Founders Limited t/a Morris Singer Art Foundry (“the Company”) on 14 May 2010, have confirmed that, notwithstanding significant marketing efforts, no sale of the business or its assets have been completed, despite reports that Mr Nasser Azam had rescued the business.

MCR confirms closure of five Vergo stores

Fri, 18 Jun 2010 14:38:26 +0100

Sarah Bell and Steven Muncaster, Partners at MCR and joint administrators of department store business Vergo Retail Limited (“the Company”), have today confirmed that five stores will close permanently this Saturday, 19 June 2010. Negotiations with prospective purchasers will continue for the remaining 10 stores still operating.

Business recovers at home and abroad

Thu, 17 Jun 2010 17:08:41 +0100

Businesses are starting to enjoy a recovery in markets at home and overseas as the economy slowly emerges from recession, according to delegates at the Coface - UK & Ireland Country Risk Conference. ...

Graydon goes interactive

Thu, 17 Jun 2010 15:53:53 +0100

A new comprehensive credit report service that has been developed using the latest interactive PDF and Flash technology is being launched this week to credit managers in the UK, by leading credit reference agency Graydon UK.

Budget must preserve âTime to Payâ tax scheme despite plans to cut deficit, says ...

Thu, 17 Jun 2010 15:51:47 +0100

Scrapping HM Revenue & Customs’ ‘Time to Pay’ scheme in next week’s Budget could force thousands of small firms struggling to manage tax payments into administration, the Forum of Private Business is warning.

Business investment is key to recovery, FLA tells Chancellor

Wed, 16 Jun 2010 13:01:23 +0100

The Finance & Leasing Association (FLA) has written to the Chancellor of the Exchequer in advance of next week’s emergency Budget, stressing the importance of helping business investment.

World Cup set to boost UK retail sales

Wed, 16 Jun 2010 09:44:37 +0100

British Retail Consortium (BRC) and Verdict Research are both predicting a rise in retail sales during the World Cup season, which is according to Phil Duffy, Partner at corporate restructuring and insolvency experts MCR, good news for the sector.

Currency fluctuations impacting overseas trading prospects for majority of UK small firms

Tue, 15 Jun 2010 11:16:05 +0100

Almost two thirds of small and medium sized businesses (SMEs) (63 per cent) believe that currency fluctuations are threatening their ability to trade overseas. This is compared with around a third of firms (31 per cent) who cite increased shipping costs as a significant threat to their cross border trade and around a quarter (28 percent) who cite the payment of additional import and export duties. ...

Budgetâs deficit reduction policies should go easy on small firms, says business group

Mon, 14 Jun 2010 17:21:37 +0100

The coalition government’s new Office for Budget Responsibility (OBR) has today downgraded the UK’s economic growth forecast. In response to these long-term projections of slower growth, the Forum of Private Business is calling for robust policies in next week’s Budget which reduce the national debt while stimulating small business growth.

HML appoints James Parker as Director of Client Relations

Mon, 14 Jun 2010 12:10:15 +0100

Leading financial outsourcer, HML, has appointed James Parker as Director of Client Relations.

Donât wait for emergency Budget to review cash flow, Bibby Financial Services urges SMEs

Mon, 14 Jun 2010 12:06:06 +0100

As the emergency Budget edges ever closer, firms must not forget that business must go on. It is now more important than ever to make sure the cash keeps on flowing, despite the uncertainty ahead in terms of cuts, funding options, and tax breaks for UK businesses.

Publishing house looks forward to bright future

Fri, 11 Jun 2010 13:20:27 +0100

Bright Red Publishing Ltd (“Bright Red”), a leading Scottish educational publisher, hopes to become the leading provider of premium educational material in the country, after securing a £180,000 funding line from Absolute Invoice Finance (“Absolute”).

Rising costs and fears of tax hikes hitting small business confidence ahead of Budget

Thu, 10 Jun 2010 10:56:20 +0100

With the ‘emergency’ Budget less than two weeks away, and rising costs fears over potentially damaging tax hikes are denting the confidence of small businesses, according to the latest Economy Watch survey from the Forum of Private Business (FPB).

Scotland is facing a declining rate of business start-ups

Thu, 10 Jun 2010 10:04:10 +0100

Responding to Sir Tom Hunter’s comment that Scotland is facing a declining rate of business start-ups, David Matthewson, Scotland sales director at specialist business finance provider, Bibby Financial Services, said:

Improvement in export volumes must be nurtured

Wed, 09 Jun 2010 16:34:29 +0100

Commenting on the April trade figures published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Get prepared for the HMRC clampdown

Tue, 08 Jun 2010 12:59:09 +0100

HMRC has announced plans to seize an additional £4bn in revenue in 2010/11 through a more aggressive strategy that could leave blameless businesses facing unnecessary probes into their dealings, according to Quentin Pain, founder of accountancy software company, Accountz.

Bibby Financial Services emerges from the recession with a 24 per cent growth in new business

Tue, 08 Jun 2010 12:40:15 +0100

For many businesses, 2009 presented difficult trading conditions with many showing a downturn in trade. But as GDP figures rose in Q4 signalling an end to the recession, business finance provider Bibby Financial Services has reported a positive end to what global chief executive David Robertson describes as, “some of the most harrowing trading conditions of the last half century.”

Forum responds to governmentâs regulation-busting action plan

Thu, 03 Jun 2010 12:11:47 +0100

The Forum of Private Business (FPB) is responding to the coalition Government’s announcement of an ‘action plan’ to end excessive red tape.

Action plan announced to end excessive regulation

Wed, 02 Jun 2010 17:47:41 +0100

Business Secretary Vince Cable today announced an action plan to bring an end to the excessive regulation that is stifling business growth.

Forum advises employers to plan ahead for World Cup watching

Wed, 02 Jun 2010 17:43:47 +0100

With the World Cup just over a week away, the Forum of Private Business (FPB) is advising its members to plan ahead for the likelihood that some employees will take more of an interest in their team’s fortunes than their duties and want to watch games during work hours.

Businesses still failing to see value in cashflow management

Tue, 01 Jun 2010 17:31:23 +0100

Businesses are cutting back on recruiting accounts staff, even though their role in keeping the cash flowing is more vital than ever.

Has HMRC become the UKâs largest bank?

Tue, 01 Jun 2010 10:58:31 +0100

Company insolvencies have decreased in the first quarter of 2010 by 8.4% bringing the annualised figure to a total of 4,082, a decrease of 17.8% year-on-year. But according to Steve Clancy, Partner at MCR Tax Arrears Solutions, the figures though could be hiding a hidden tsunami of corporate failures, as HMRC increasingly flexes its muscles.

Permanent chief executive appointed at FSSC

Thu, 27 May 2010 10:31:54 +0100

The Financial Services Skills Council (FSSC), the independent, employer-led sector skills council for finance, accounting and financial services, today announced the appointment of Liz Field to the permanent position of Chief Executive, after it was required to recruit for a permanent Chief Executive following the renewal of its licence in March.

MCR appoints Gordon Titley as its first CEO

Thu, 27 May 2010 09:51:31 +0100

MCR has appointed its first Chief Executive Officer in a bold move to drive forward its strategic development, as it approaches its ten-year anniversary in 2011.

Comment on Queen's Speech by Bibby Financial

Tue, 25 May 2010 15:51:55 +0100

Commenting on the Queen’s Speech and the coalition Government's legislation plans, Edward Rimmer, UK chief executive at specialist business finance provider, Bibby Financial Services, said: “It is encouraging to hear that the coalition Government's first priority is to ‘reduce the deficit and restore economic growth’. However, plans to do this - mainly by cutting spending rather than increasing tax - are perhaps a double edged sword for UK businesses.

Forum highlights SME impact of Queenâs speech

Tue, 25 May 2010 15:45:50 +0100

The Forum of Private Business (FPB) has commented on the measures outlined in today’s Queen’s Speech.

LCH.Clearnet SA becomes FSA authorised Recognised Overseas Clearing House

Tue, 25 May 2010 15:19:50 +0100

LCH.Clearnet SA has been granted Recognised Overseas Clearing House (ROCH) status by the UK Financial Services Authority (FSA). Through this ROCH status, LCH.Clearnet SA is able to conduct any regulated activity in the United Kingdom which is carried out for the purpose of the provision of clearing services.

Leasing industry reports first upturn for 18 months

Mon, 24 May 2010 17:15:01 +0100

Figures published today show the first sign of an upturn in investment by British businesses using asset finance. The Finance & Leasing Association’s (FLA) latest figures show that asset finance (leasing and hire purchase) provided to UK businesses for investment in new equipment increased by 11% in March this year compared with the previous year, the first month of year-on-year growth since September 2008.

Small firms can show Whitehall how to do more with less, says Forum

Mon, 24 May 2010 16:47:57 +0100

Government departments could learn from SMEs when trying to manage shrinking budgets, according to the Forum of Private Business (FPB).

Absolute targets East of Scotland expansion with latest appointment

Sat, 22 May 2010 09:42:51 +0100

Absolute Invoice Finance (“Absolute”), the specialist business financier, has appointed Robert Muir as Associate Director to its Scotland office, to support the company’s expansion into the East of Scotland.

Coface announces a positive result for all of its businesses in the 1st quarter

Thu, 20 May 2010 19:47:25 +0100

The turnaround in Coface's accounts, which started in the 4th quarter of 2009, is confirmed in the 1st quarter of 2010 with net income of €15m thanks to the Insurance line becoming profitable again, €401m in turnover driven by factoring, and on the recovery compared to the 4th quarter of 2009 and reinforced financial solidity thanks to these positive results, an improvement in the risk profile and a €175m capital increase.

Forum reacts to release of full coalition agreement

Thu, 20 May 2010 19:25:02 +0100

The Forum of Private Business (FPB) has reacted to the publication of the full coalition agreement between the Conservative and Liberal Democrat parties.

Debt reduction plans backed by three quarters of small firms

Wed, 19 May 2010 08:07:15 +0100

More than three quarters of small firms back moves to tackle Britain’s record deficit, a new Forum of Private Business (FPB) survey has found.

Absolute Invoice Finance strengthens central risk team

Fri, 14 May 2010 17:17:54 +0100

Absolute Invoice Finance (“Absolute”), the specialist business financier, has appointed Stephen Harpur as central risk manager, as the business continues to bolster its growing central risk team.

BCC comments on appointment of Vince Cable as Business Secretary

Fri, 14 May 2010 09:54:14 +0100

Commenting on Vince Cable’s new appointment as Business Secretary, David Frost, Director General of the British Chambers of Commerce (BCC), said:

Recruitment firm on fighting form

Thu, 13 May 2010 16:46:29 +0100

A leading recruitment firm to the construction industry, Allander Consulting Limited, is looking to capitalise on opportunities in the renewable energy sector after securing £150,000 funding from Absolute Invoice Finance (“Absolute”).

New national insurance policy 'better for small firms and jobs'

Wed, 12 May 2010 17:36:48 +0100

The Forum of private Business (FPB) is welcoming the new Liberal Democrat and Conservative coalition government’s decision to scrap the planned 1% hike in employers’ national insurance (NI) for many staff members, a policy that had been met with strong opposition from business groups.

Business group welcomes new PM and imminent Tory/Lib Dem coalition

Tue, 11 May 2010 22:39:41 +0100

The Forum of Private Business (FPB) has given a cautious welcome to the appointment of the new Prime Minister, David Cameron, and his stated intention to form a coalition government between his party and the Liberal Democrats.

Political leaders must help the MPC to sustain fragile recovery

Mon, 10 May 2010 18:00:21 +0100

Commenting on today’s Monetary Policy Committee (MPC) decision, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

BBA Small Business Support - March figures

Mon, 10 May 2010 17:39:34 +0100

British Bankers Association (BBA) statistics director, David Dooks, said of the latest data:

Small firms urgently need post-election certainty, warns business group

Fri, 07 May 2010 16:57:41 +0100

The Forum of Private Business (FPB) has commented on the high likelihood of a hung Parliament.

Office move sees Absolute take 4,057 sqft. in Maidstone business park

Thu, 06 May 2010 17:41:09 +0100

Absolute Invoice Finance (“Absolute”), the specialist business financier, has taken 4,057 sqft. at the prestigious Turkey Mill business park in Maidstone. The move to significantly larger premises follows the expansion of Absolute’s sales and management teams in the region.

ING Commercial Banking makes key hire in Syndicated Finance team

Thu, 06 May 2010 16:59:54 +0100

ING Commercial Banking has hired Kim Bailes as a Senior Sales Director in its London based Syndicated Finance team.

Azule Finance celebrates Â£50 million milestone in Export Finance Division

Wed, 05 May 2010 19:54:45 +0100

Azule Financ today released figures from its Export Finance division, which demonstrated its success in expanding its bespoke finance and consultancy solutions beyond the broadcast industry. In just eight months, the division that is spearheaded by Managing Director Emma Nelson, has reported over £50 million turnover. The rapid growth of the Export Finance division proves the appetite for niche export finance, consultancy and training for the broadcast industry and beyond.

David Bell joins Arum

Wed, 05 May 2010 19:33:37 +0100

Credit management specialist, Arum, has appointed David Bell as Senior Credit & Collections Business Consultant with effect from 19 April 2010.

Real Life Skills for Real Life Apprentices

Wed, 05 May 2010 19:20:34 +0100

Salford City Reds are delighted to announce that Ideal Solutions Group (ISG) is the official sponsor of Salford City Reds Academy and youth teams for the 2010 season.

Small businesses see election as platform for change but feel threatened by uncertainty

Tue, 04 May 2010 17:58:04 +0100

Business owners see Thursday’s election as an opportunity to change Britain’s enterprise culture for the better, with one in five intending to vote for the party they hope will manage the economy most effectively, according to new research from the Forum of Private Business (FPB).

OFT drops a number of allegations against Tesco in Dairy investigation

Fri, 30 Apr 2010 12:24:41 +0100

The Office of Fair Trading (OFT) has decided to drop certain allegations against Tesco as part of its Dairy investigation, at the same time as agreeing a penalty discount in recognition of Tesco notifying the OFT that it does not intend to contest the remaining aspects.

OFT update on Dairy investigation

Fri, 30 Apr 2010 12:20:22 +0100

The Office of Fair Trading (OFT) has today published an update on its Dairy investigation (alongside a separate announcement that the OFT has today made in relation to Tesco).

Care provider accelerates growth with Absolute funding

Thu, 29 Apr 2010 15:56:58 +0100

Gray Healthcare, a leading UK provider of specialist domiciliary care and support services to patients with complex mental health needs, is aiming to dramatically increase headcount over the next three years having secured a £300,000 funding line from Absolute Invoice Finance (“Absolute”).

New Government must create viable alternative to bank lending to address ongoing funding issues

Thu, 29 Apr 2010 10:40:03 +0100

The Liberal Democrats’ election pledge to re-establish the UK’s network of regional stock exchanges should be adopted by whichever party forms the next Government in order to provide an additional source of funding for businesses, says commercial credit referencing agency Graydon UK.

Forum helps party leaders brush up on small business issues ahead of tonightâs TV debate

Thu, 29 Apr 2010 09:22:25 +0100

The Forum of Private Business (FPB) has sent all would-be MPs a special guide outlining key facts and figures regarding small and medium-sized enterprises (SMEs).

What small businesses want to hear from the final TV debate

Wed, 28 Apr 2010 18:12:42 +0100

As the leaders of the three main political parties join for the final of the groundbreaking televised debates tomorrow (Thursday 29 April), the Federation of Small Businesses (FSB) has raised key arguments which it believes are vital to strengthening economic recovery that each party leader should answer to.

Target Group introduces âLender Launchpad,â a service innovation that unlocks ...

Wed, 28 Apr 2010 16:57:14 +0100

New lenders face a host of challenges including obtaining wholesale funding, swiftly establishing a stable and compliant operation, designing and implementing systems and recruiting the right team. In parallel wholesale banks are eager to retain long term control of funds, and de-risk the lending decision.

BNP Paribas adds to Global MTN platform with appointment of Smit Acharya

Tue, 27 Apr 2010 17:38:34 +0100

BNP Paribas Corporate & Investment Banking (‘BNP Paribas’) is pleased to announce the appointment of Smit Acharya as a Senior MTN Trader to its Global MTN platform. Smit joins BNP Paribas in July 2010 and will report to Marc Falconer, who was recently appointed Global Head of MTNs and Private Placements.

Growing business unease over prospect of a hung parliament

Mon, 26 Apr 2010 15:51:19 +0100

Nearly two thirds of businesses (65%) are “concerned” or “very concerned” about the potential impact of a hung parliament, according to the British Chambers of Commerce’s (BCC) latest Monthly Business Survey.

FSA consults on use of certain new powers granted by the Financial Services Act 2010

Mon, 26 Apr 2010 11:53:25 +0100

The Financial Services Authority (FSA) has today issued a consultation paper setting out proposals on using new powers granted by the Financial Services Act 2010.

Comment from Bibby Financial Services on today's GDP figures

Fri, 23 Apr 2010 17:34:25 +0100

Commenting on the announcement that preliminary data shows UK GDP for Q1 2010 has risen by 0.2 per cent, Edward Rimmer, UK chief executive of Bibby Financial Services said:

Energy now as big a risk as health and safety, say businesses

Thu, 22 Apr 2010 17:24:19 +0100

Energy now presents the same level of risk to businesses as health and safety and security. This is among the findings of npower’s Business Energy Index (nBEI), an annual survey tracking business opinion on energy use and carbon emissions, released today.

Iceland volcano: Forum advises businesses how to manage stranded staff

Tue, 20 Apr 2010 17:15:48 +0100

The Forum of Private Business (FPB) is advising smaller employers affected by the volcano in Iceland erupting to be flexible with stranded staff – but know when to draw the line on unpaid leave.

Absolute Invoice Finance strengthens Midlands team

Tue, 20 Apr 2010 13:13:16 +0100

Absolute Invoice Finance (“Absolute”), the specialist business financier, has appointed James Cresswell as regional manager in its Midlands office, in response to strong demand from the region’s SMEs for alternative funding solutions.

Equality Act guidance may leave small firms confused, Forum warns

Fri, 16 Apr 2010 17:22:24 +0100

Guidance drawn up to help employers understand the Equality Act may prove baffling to smaller firms, the Forum of Private Business (FPB) has warned.

Trevor Matthews to chair Financial Services Skills Council

Wed, 14 Apr 2010 10:54:00 +0100

The Financial Services Skills Council (FSSC), the independent, employer-led sector skills council for finance, accounting and financial services, today announced the appointment of Trevor Matthews as Chairman. The news comes just days after a panel of ministers endorsed the FSSC’s new strategy, awarding a renewed licence to the organisation, which helps UK businesses achieve global competitiveness through investment in skills.

Free financial management skills for SMEs

Tue, 13 Apr 2010 16:05:01 +0100

The Institute of Chartered Accountants in England and Wales (ICAEW) and the Forum of Private Business (FPB) have joined forces to help small to medium-sized enterprises improve their financial management skills.

Venture Q1 results reveal canny business behaviour behind recovery

Mon, 12 Apr 2010 12:29:02 +0100

Venture Finance has reported increases in new client numbers for the third quarter running. The independent Invoice and Asset Based Lender has witnessed an increase of over 75 per cent in its Q1 new client numbers, compared with Q1 2009. New clients taking Bad Debt Protection to shield against customer insolvency also grew by over a third. These figures support an emerging trend of a better-organised and prepared class of businesses, seasoned by the recession.

Absolute Invoice Finance strengthens South West team

Fri, 09 Apr 2010 15:50:22 +0100

Absolute Invoice Finance (“Absolute”), the specialist business financier, has appointed Mark Bennett as regional manager in its South West and Thames Valley office, based in Abingdon.

Absolute Invoice Finance appoints deputy finance director

Thu, 08 Apr 2010 16:13:15 +0100

Specialist business financier, Absolute Invoice Finance (“Absolute”), has strengthened its management team with the appointment of Scott Braybrook as deputy finance director.

MPC must focus on sustaining the fragile recovery, says BCC

Thu, 08 Apr 2010 13:21:07 +0100

Commenting on today’s Monetary Policy Committee (MPC) decision, David Kern, Chief Economist at the British Chambers of Commercev (BCC), said:

FSA issues fines totalling Â£4.2m for transaction reporting failures

Thu, 08 Apr 2010 11:35:23 +0100

The Financial Services Authority (FSA) has fined three firms a total of £4.2m for failing to provide accurate and timely transaction reports to the FSA.

Business Failures in 2009 Buck Recessionary Trend

Wed, 07 Apr 2010 16:38:41 +0100

Fast and bold monetary policy response and lessons learned from previous downturns have helped soften the blow to business.

BCC Economic Survey: Double-dip avoided but risks to the economy remain

Wed, 07 Apr 2010 16:35:52 +0100

Results from the Quarter 1 2010 British Chambers of Commerce (BCC) Economic Survey – published a day ahead of the MPC’s April rate setting decision – show that the UK’s upturn is still on course and the economy has not slipped back into recession. However, the recovery is weak and serious risks of a setback remain.

Forum lays out vital small firm-friendly measures in Election Manifesto

Tue, 06 Apr 2010 17:12:45 +0100

The next government urgently needs to rebalance workplace law in favour of employers, according to the Forum of Private Business (FPB).

Economic improvements overshadowed by late payment, according to latest barometer of small business

Thu, 01 Apr 2010 17:33:34 +0100

Improvements in orders and turnover experienced by small firms are being overshadowed by cash flow difficulties as a result of late payment, the latest Economy Watch member panel survey from the Forum of Private Business suggests.

MCR completes sale of retailer Ethel Austin

Thu, 01 Apr 2010 16:39:41 +0100

MCR, the administrators of value clothing retailer Ethel Austin has announced a sale of the company’s business and assets that includes 90 of its stores to Life & Style Retail Limited, a newly incorporated company set up by Ethel Austin’s former owner Elaine McPherson. The agreement was completed on 31 March 2010, with effect from 26 March 2010.

Small Business Credit Adjudicator task force launched

Thu, 01 Apr 2010 09:05:52 +0100

A new task force to advise the Government on how to ensure small companies are treated fairly and properly when accessing bank finance was today launched by the Department for Business.

Peter Sargent comments on today's announcement of a consultation on pre-packs

Wed, 31 Mar 2010 15:34:06 +0100

Peter Sargent, President of R3, the insolvency trade body says: “While we welcome any consultation that looks at pre-packs we question the justification used to introduce it. The perception that pre-pack rules need ‘strengthening’ derives largely from the Insolvency Service’s own misreporting on pre-packs, namely the claim that ‘more than a third of SIP 16 disclosure statements were not fully compliant’. In fact as few as 7% of SIP 16 reports were ...

Government emphasises need for transparency in âpre-packsâ

Wed, 31 Mar 2010 13:55:33 +0100

Business Minister Ian Lucas has taken decisive steps to ensure confidence in the pre-packaged administration sale process with a range of possible new measures aimed at making the system more open.

Â£1.9 billion a year wasted chasing late payment

Wed, 31 Mar 2010 11:55:04 +0100

UK businesses are pouring money down the drain chasing late payment and this could be costing the small business community as much as £1.9 billion a year.

Businesses feel the Â£900m strain in 2009

Wed, 31 Mar 2010 10:30:44 +0100

The value of County Court Judgments (CCJs) against businesses in England and Wales in 2009 reached a total of £899m, according to figures released today (date), by Registry Trust Ltd.

Success of guides prompts new videos from Lord Sugar

Tue, 30 Mar 2010 13:50:44 +0100

The success of the Institute of Credit Management’s (ICM) Managing Cashflow guides, which small businesses have now downloaded more than 120,000 times, has led to a second edition being published alongside a suite of videos featuring Lord Sugar.

Equifax credit communities help businesses

Tue, 30 Mar 2010 13:00:49 +0100

Leading business intelligence expert, Equifax, is spearheading a number of initiatives to give the UK’s commercial community the very latest good and bad news on the credit behaviour of customers.

ICM Road Show hits historic heights with next stop

Mon, 29 Mar 2010 16:26:42 +0100

The Institute of Credit Management’s (ICM) next regional road show event is to be held in the dramatic surroundings of Edinburgh Castle on April 22.

Impact of recession on client retention is keeping two thirds of UK business owners awake at night

Mon, 29 Mar 2010 16:20:15 +0100

Despite recent signs of economic growth and a reported upturn on the horizon, a staggering 63 per cent of UK business owners continue to worry about losing clients.

Venture Finance "plugs the gap" for start-up

Mon, 29 Mar 2010 11:07:27 +0100

Venture Finance has provided Haines Distribution, a start-up supplier of plumbing and heating materials, with a £250k Factoring package which includes Bad Debt Protection. Haines Distribution was attracted to Venture's record of consistent lending throughout the recession, and the premier Invoice and Asset Based Lender turned the deal around within two weeks of introduction.

Conservative NICs proposals would help roll back âtax on jobsâ

Mon, 29 Mar 2010 10:48:33 +0100

Responding to the Conservatives’ proposal to roll back planned increases in National Insurance, David Frost, Director General of the British Chambers of Commerce (BCC), said:

Nine out of ten small firms unhappy over Budget 2010

Fri, 26 Mar 2010 16:36:21 +0100

More than nine out of ten smaller businesses were left disappointed by this week’s Budget, a snap poll has revealed.

Bibby Financial Services sets up small business fund to help where Government support has failed

Fri, 26 Mar 2010 12:17:31 +0100

Specialist business finance provider Bibby Financial Services has today announced a multi-million Pound offering to support small businesses in the UK.

Government responds to industry support for FSSC strategy

Fri, 26 Mar 2010 11:57:26 +0100

The Financial Services Skills Council (FSSC) today hailed the Government’s decision to renew its licence as a positive response to resounding industry support for its new strategy. The FSSC is the independent, employer-led sector skills council for finance, accountancy and financial services, a strategic body with the remit of ensuring that employers’ needs for skills are met.

Venture Finance turns would-be headhunter into new client

Thu, 25 Mar 2010 17:44:31 +0100

It is not often a recruitment consultancy on the search becomes the subject of a successful sales pitch. However, that is exactly what happened with KCMB Recruitment Ltd and Venture Finance recently.

David Button announced as new Chair of Co-operatives UK

Thu, 25 Mar 2010 17:07:31 +0100

Co-operatives UK, the national trade body that campaigns for co-operation, has announced the election of a new Chair.

Forum celebrates key victories for small firms in Budget

Thu, 25 Mar 2010 16:51:53 +0100

The Forum of Private Business (FPB) has highlighted several key small business-friendly measures included in this week’s Budget.

Budget reaction â Forum of Private Business statement

Wed, 24 Mar 2010 15:49:34 +0100

Forum welcomes emphasis on small business - but warns against electioneering

Two and two won't make four - Darling's proposals still won't add up for small businesses

Wed, 24 Mar 2010 15:34:15 +0100

Commenting on the Budget proposals for small businesses, Edward Rimmer, UK chief executive at specialist business finance provider, Bibby Financial Services, said: “Darling’s list of four measures designed to support small and medium-sized businesses simply doesn’t add up. Nor does the package go far enough to help UK businesses play their part in driving economic growth.”

Budget - comment from Venture Finance

Wed, 24 Mar 2010 15:17:53 +0100

In response to today's Budget announcement that £94bn of proposed business lending will come through the state owned banks, Peter Ewen, Managing Director, Venture Finance PLC comments:

BNP Paribas announces Global Debt Syndicate changes

Wed, 24 Mar 2010 13:01:08 +0100

BNP Paribas Corporate & Investment Banking (‘BNP Paribas’) is pleased to announce strategic changes to the BNP Paribas Global Debt Syndicate platform. These will underpin the bank's commitment to the expansion of its Primary Market capabilities throughout the world across all currencies and instruments.

Aspect Appoints Steve Boakes as Channels and Partners Manager, Northern Europe

Wed, 24 Mar 2010 12:47:35 +0100

Aspect, a global provider of unified communications (UC) and collaboration services and software, announces the appointment of Steve Boakes as channels and partners manager, Northern Europe.

Aspect Marks Two-Year Anniversary of Global Strategic Alliance and Equity Investment with Microsoft

Tue, 23 Mar 2010 16:55:06 +0100

Aspect, a global provider of unified communications (UC) and collaboration services and software, today announced that it has marked the two-year anniversary of its global strategic alliance with Microsoft Corporation.

Target Group reports impressive growth and expansion plans

Tue, 23 Mar 2010 16:36:31 +0100

Target Group, a leading specialist in lending software and financial outsourcing, has experienced a significant increase in annual turnover, with revenues rising from £11.1 million to £22.2 million between 2006 and 2009. Over the past year, turnover increased by 22.5%.

Absolute outlines Budget wish list

Tue, 23 Mar 2010 16:28:29 +0100

Specialist business financier, Absolute Invoice Finance, has urged Alistair Darling to tangibly demonstrate his commitment to the SME sector in what could potentially be his last Budget Report as Chancellor of the Exchequer.

Creditsafe achieves âone to watchâ status in Best Companies Accreditation 2010

Tue, 23 Mar 2010 16:19:18 +0100

Creditsafe, the business intelligence experts, is pleased to announce it has achieved One to Watch Status in the Best Companies Accreditation 2010. The award is in recognition of Creditsafe’s ongoing commitment to employee engagement and its focus on offering its employees tailored opportunities for training and development.

Lower inflation reinforces case for MPC to maintain expansionary approach

Tue, 23 Mar 2010 16:11:25 +0100

Commenting on the February inflation figures released today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Only one in five small firms concerned about the Budget, survey finds

Mon, 22 Mar 2010 17:18:44 +0100

Barely a fifth of small business owners believe this week’s budget will have a significant impact on their firms, according to new research.

Economic recovery will be slow and sluggish into 2011 - new CBI forecast

Mon, 22 Mar 2010 12:32:49 +0100

The recovery in the UK economy is expected to remain sluggish during 2010, and will not pick up much pace until the middle of next year, the Confederation of British Industry (CBI) said today.

Developers must adopt Consumer Code of Practice for second-hand properties

Mon, 22 Mar 2010 11:27:23 +0100

Property specialists movewithus is urging developers to include second-hand property transactions within the new Consumer Code for Home Builders, which comes into force next month.

Food for Thought for Jailed Bankrupt Who Was a âMenace to Commerceâ

Sun, 21 Mar 2010 12:07:10 +0100

A former bankrupt director of a food company from Leicester has been sentenced to sixteen months in prison for running a company and obtaining credit whilst bankrupt following a prosecution by the Department for Business, Innovation and Skills (BIS).

ACF Car Finance charity fundraising...

Fri, 19 Mar 2010 16:09:18 +0100

Dear Associates - I’ve personally pulled together a group of 15 colleagues at ACF Car Finance to run the 2010 Bupa Great Manchester Run (10k) on behalf of BEN, our company’s elected charity. This really is going to be a personal challenge for me as it means I’m going to have to train hard and with only 10 weeks until race day I haven’t got long to get into shape!

Help small firms spearhead economic recovery, urges business support group

Fri, 19 Mar 2010 15:01:15 +0100

Next week’s Budget should put in place radical measures aimed at helping small firms spearhead economic recovery, according to the Forum of Private Business (FPB).

Latest Asset Based lending statistics 'show promise'

Fri, 19 Mar 2010 14:53:28 +0100

Asset based lending (ABL) facilities dropped by 8% to £191.3 billion in the year ending 2009 (2008: about £207.7 billion), according to the British Asset Based Finance Association (ABFA). At the same time, Grant Thornton sees increasing competition among lenders who wish to participate in ABL transactions. Moreover, quarterly advances in the year ended 31 December 2009 showed promise, with an upward trend noted in Q1 to Q4.

Opportunities and challenges in the downturn 'just like in the 1970s'

Thu, 18 Mar 2010 16:22:10 +0100

The present economic downturn can be a catalyst for growth and better business support, according to the Chief Executive of the Forum of Private Business (FPB), Phil Orford, who was speaking at the Forum’s business support event in Manchester yesterday.

Bibby Financial Services urges banks to explain lending decisions

Thu, 18 Mar 2010 12:22:39 +0100

Responding to recent research calling for banks to explain lending decisions, Edward Rimmer, Bibby Financial Services’ chief executive for the UK, said:

Funding priorities have shifted from cost to service for UK business

Thu, 18 Mar 2010 12:18:11 +0100

UK businesses will prioritise reliable service ahead of best price when choosing a funding provider during the recovery, according to an industry think tank hosted by premier Invoice and Asset Based Lender Venture Finance. Recent experiences ranging from a lack of available credit to the withdrawal of facilities with little or no warning will cause firms to consider other, more relationship-based, funding avenues.

Positive unemployment figures continue to mask worrying trends

Wed, 17 Mar 2010 11:23:28 +0100

Commenting on the labour market figures published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Forum urges councils to use LABGI funding to boost small business hardship relief

Tue, 16 Mar 2010 12:40:30 +0100

The Forum of Private Business (FPB) is urging local councils to use the £50 million awarded by the Government’s Local Authority Business Growth Incentives (LABGI) scheme to provide additional hardship relief for small firms.

Jobs secured as UK 'Market Leader' acquired in buy out

Mon, 15 Mar 2010 17:27:58 +0100

An innovative West Midlands engineering company which has developed high performance, energy saving liners for users of furnaces, kilns and ovens throughout Europe, has been sold to the company's management.

Forum of Private Business announces key changes providing tailored support for small firms

Thu, 11 Mar 2010 13:24:30 +0100

The business landscape is changing. With economic conditions still extremely challenging, research from the Forum of Private Business (FPB) shows that 66% of businesses want external support – including someone to talk to for advice and information.

Disappointing manufacturing figures renew âdouble dipâ whispers

Wed, 10 Mar 2010 18:29:57 +0100

The UK economy, it seems, can’t catch a break. Data released this morning has shown a sharp fall in output for UK manufacturing.

UK firms given the chance to win Â£5,000 to help their business grow

Wed, 10 Mar 2010 18:26:04 +0100

Bibby Financial Services, the specialist factoring and invoice discounting provider, is offering a £5,000 cash prize as part of its efforts to support businesses across the UK.

British manufacturing struggling to enter a sustainable recovery

Wed, 10 Mar 2010 13:39:54 +0100

Commenting on the manufacturing output figures for January 2010, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

PRCM Advisers, LLC goes live with ePAMÂ® from Princeton FinancialÂ® Systems

Wed, 10 Mar 2010 11:35:32 +0100

Princeton Financial® Systems (PFS), a leading provider of accounting, compliance, data management, performance measurement and reporting solutions for the global investment industry, is pleased to announce that it has added PRCM Advisers, LLC, the external manager for Two Harbors Investment Corp., a newly formed Real Estate Investment Trust (REIT), to its client roster.

Credit Suisse chooses Target Loan Servicing again to manage fixed term deposit portfolio

Wed, 10 Mar 2010 11:27:19 +0100

Credit Suisse has appointed leading financial outsourcing provider, Target Loan Servicing, to manage and service its fixed term deposit portfolio.

Recession-fighting firms focusing on sales and marketing, survey finds

Tue, 09 Mar 2010 15:14:58 +0100

Small businesses are hoping to beat the recession by stepping up their sales and marketing strategies, a new survey has revealed.

New Director for MCR

Tue, 09 Mar 2010 10:01:20 +0100

Thish De Zoysa has joined MCR, the corporate restructuring and insolvency specialist, as Director. Thish, a qualified chartered accountant, has spent a number of years in audit and business assurance, with over 8 years in corporate restructuring. Thish was previously with the business restructuring team at one of the UK’s leading accountancy firms.

âIncubatorâ firm sees ten-fold increase in City workers wishing to set up businesses

Mon, 08 Mar 2010 16:55:15 +0100

Sturgeon Ventures LLP, the ‘regulatory incubator’, has seen the number of inquiries from City workers looking for help to set up their own businesses rise ten-fold in the last three months.

Budget 'must deliver convincing plan for public finances'

Mon, 08 Mar 2010 15:34:09 +0100

The Confederation of British Industry (CBI) is urging the Government to use its last Budget before the election to set out more details of spending plans for government departments in order to boost confidence in the UK’s public finances and provide economic stability.

BCC downgrades medium-term GDP expectations as risks of a setback heighten

Mon, 08 Mar 2010 13:06:37 +0100

Ahead of the Chancellor’s Budget, expected this month, the British Chambers of Commerce (BCC) has today published its latest Economic Forecast. The business group maintains a prediction of 1.0% GDP growth in 2010, but it has downgraded its growth expectations for 2011 because the obstacles to a sustained medium-term recovery now appear greater.

FSA finalises far-reaching overhaul of UK liquidity regulation

Mon, 08 Mar 2010 12:17:33 +0100

The Financial Services Authority (FSA) has published its final rules on the liquidity requirements expected of firms. The far-reaching overhaul, designed to enhance firms’ liquidity risk management practices, is based on the lessons learned since the start of the credit crisis in 2007. The new rules will require changes to firms’ business models and will bring about substantial long-term benefits to the competitiveness of the UK financial services sector.

Absolute lifts Hull firm to new heights

Mon, 08 Mar 2010 12:03:51 +0100

Absolute Invoice Finance (“Absolute”), the specialist business financier, has supported the £1million acquisition of J.W. O’Pray & Sons Limited (“O’Prays”) by Pearson and Curtiss Limited (“Pearson and Curtiss”) with a package of facilities including a group invoice finance facility.

One in five small businesses refused bank loans left in dark over why

Mon, 08 Mar 2010 09:59:57 +0100

One in five small and medium sized businesses who have been refused funding do not know why their bank rejected their loan application, according to research carried out by commercial credit reference agency Graydon UK and business support organisation the Forum of Private Business (FPB).

Beware the âcowboyâ rating surveyors, warns business group

Fri, 05 Mar 2010 13:15:33 +0100

Small businesses are being urged to be wary of ‘cowboy’ rating surveyors attempting to profiteer from the recent rates revaluation.

Time is 'running out' for backdated business rates appeals

Wed, 03 Mar 2010 17:22:35 +0100

Small firms are being warned that they have less than a month left if they want to contest their business rates over the past five years, according to the Forum of Private Business (FPB).

HMRC business support hits Â£5billion

Wed, 03 Mar 2010 16:02:20 +0100

HM Revenue & Customs' Business Payment Support Service (BPSS) has helped over 160,000 businesses reschedule more than £5billion of tax in its first 15 months, new figures reveal today.

HSBC hires new global head of Equity Capital Markets

Tue, 02 Mar 2010 16:26:47 +0100

HSBC today announced the appointment of John Crompton as Global Head of Equity Capital Markets. Starting in April 2010, Crompton will be based in London and will report to Kevin Adeson, Head of Global Capital Financing.

A Success Story through the Recession

Tue, 02 Mar 2010 09:29:58 +0100

DCS Ltd is a specialist Credit Management Recruitment and Training company and was founded in 2007. As they enter their 4th year of trading they have seen the company double in growth each year.

UK banks call for care, clarity & costs to be understood

Mon, 01 Mar 2010 19:30:00 +0100

The importance of the UK as an international financial centre was brought home to EU officials when a high level group of British bankers met the new EU Internal Market Commissioner Michel Barnier today. The dinner was hosted by Angela Knight of the British Bankers' Association.

Small businesses fail to grow 'because of complex tax rules'

Mon, 01 Mar 2010 17:18:30 +0100

Research carried out by the Federation of Small Businesses (FSB) and ICM Research of over 1,600 small businesses showed that 75 per cent of small businesses believe that they would be able to grow their business if the UK tax system was simplified.

Business coalition: âSay no to employer National Insurance Contributions increaseâ

Mon, 01 Mar 2010 16:56:25 +0100

The UK’s leading business groups have formed a unique coalition promoting an internet petition that calls for the 1% employer National Insurance Contributions increase - planned for April 2011 - to be scrapped.

Rise in NICs could affect growth of small businesses

Fri, 26 Feb 2010 14:49:36 +0100

The Chancellor’s decision to increase employers’ National Insurance Contributions (NICs) by an extra 0.5 per cent from April 2011 is causing much concern within the small business community, as many companies fear the rise may have a significant effect on the growth of the economy and firm’s hiring decisions.

Investec acquires Leasedirect Finance

Fri, 26 Feb 2010 13:01:05 +0100

Investec is pleased to announce the acquisition of a 75% share of capital of LDF.

Scottish SMEs turn to alternative funding to grow during downturn

Thu, 25 Feb 2010 16:13:47 +0100

Financially savvy Scottish business owners are increasingly turning to alternative funding as a method of riding out the continuing effects of the economic downturn, according to new figures from the Scotland office of specialist business financier, Absolute Invoice Finance (“Absolute”).

One Optical focuses on fashion after funding boost

Thu, 25 Feb 2010 16:10:23 +0100

A manufacturer and supplier of prescription lenses and glasses frames is eyeing further expansion into the fashion eyewear market after securing a six figure working capital facility from Absolute Invoice Finance (“Absolute”).

Figures show small firms losing out on energy deals compared to big businesses

Wed, 24 Feb 2010 16:36:54 +0100

With figures suggesting big companies are able to secure far better energy prices than small businesses the Forum of Private Business (FPB) is urging firms to shop around for better deals.

Absolute targets North East for growth

Wed, 24 Feb 2010 16:18:34 +0100

Absolute Invoice Finance (“Absolute”), the specialist business financier, has appointed regional sales manager, Peter Cromarty, to spearhead the firm’s expansion into the North East.

FPB criticises EU maternity pay proposals

Wed, 24 Feb 2010 12:09:13 +0100

The Forum of Private Business (FPB) has hit out at the European Parliament’s plans to introduce full pay for the first 20 weeks of maternity leave.

EIB funding initiative 'not revolutionary'

Tue, 23 Feb 2010 13:04:23 +0100

Small businesses across the UK were given a boost recently, as the European Investment Bank’s (EIB) announced it would provide over £700 million of funding to nearly 3,000 small firms through participating national banks.

'Think smallest first' when policy-making

Mon, 22 Feb 2010 17:04:40 +0100

Legislators need to think smallest first in order to safeguard the future of Britain’s small firms, according to the Forum of Private Business (FPB).

The billion pound plan to help Britain stay out of recession

Mon, 22 Feb 2010 16:57:45 +0100

As Britain heads out of its longest recession in modern history, the UK’s retailers are giving three cheers to the prospect of retail recovery. But, is the road ahead as smooth as it may seem? Gerald Grimes is the man fronting Hitachi Capital’s billion pound plan, which aims to facilitate consumer spending, and help Britain stay out of recession through cementing retail recovery.

Government holds the key to recovery for UK construction sector says Bibby Financial Services

Mon, 22 Feb 2010 12:38:27 +0100

The UK construction industry is just about holding on to glimmers of hope for recovery, reveals the recent Construction Trade Survey which shows a continued decline in the sector during the final quarter of 2009.

UK manufacturing production expected to edge higher - CBI

Thu, 18 Feb 2010 17:40:54 +0100

Growth in UK manufacturing production is expected to pick up slightly over the next three months with firms the most positive about output for almost two years, according to the CBI. But the business group warned that prospects for the sector remain muted, as overall demand remains weak.

Disappointing borrowing figures highlight need for a credible spending plan

Thu, 18 Feb 2010 17:29:46 +0100

Commenting on the January public finance figures published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Glasgow stock broker firm fined Â£101,500

Thu, 18 Feb 2010 17:19:52 +0100

The Financial Services Authority (FSA) has fined Glasgow-based stock broking firm Direct Sharedeal Limited (DSL) £101,500 after its appointed representative, First Colonial Investments LLP (FCI), used misleading sales pitches which failed to set out the inherent risks of buying penny shares.

Increase in job listings 'indicates credit industry in recovery'

Thu, 18 Feb 2010 16:57:42 +0100

The credit industry is showing signs of recovery following 0.1% growth in the final quarter of 2009.

Resilient labour market figures still mask worrying trends

Wed, 17 Feb 2010 17:16:20 +0100

Commenting on the labour market figures, published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Comment on meager take-up of the EFG by Bibby Financial

Wed, 17 Feb 2010 15:32:01 +0100

Commenting on the meager take-up of the Enterprise Finance Guarantee scheme (EFG), Edward Rimmer, Chief Executive Bibby Financial Services, said:

Target Loan Servicing supports secured lending re-launch for Central Trust

Mon, 15 Feb 2010 10:34:13 +0100

Central Trust, a leading independent financial services organisation, has appointed financial outsourcing specialist, Target Loan Servicing, as its standby servicer for a new £90 million funding line secured with the Royal Bank of Scotland.

Find alternative sources of finance for credit-starved small firms, urges FPB

Thu, 11 Feb 2010 15:49:18 +0100

Alternative sources of finance may be the answer to the credit crisis engulfing small firms, according to a small business support group.

Tieto Corporation Interim Report

Wed, 10 Feb 2010 17:15:51 +0100

Tieto's interim report 4/2009 (January–December) and financial statements bulletin 2009 showed that the profitability improvement continued in the fourth quarter.

Bank should give greater weight to countering risks of double-dip recession

Wed, 10 Feb 2010 15:19:04 +0100

Commenting on the Inflation Report published today by the Bank of England, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

UK Trade - Deficit widened to Â£3.3bn in Dec 2009

Tue, 09 Feb 2010 12:35:08 +0100

The UK’s deficit on trade in goods and services was £3.3 billion in December, compared with a deficit of £2.9 billion in November (unchanged from the originally published figure), according to new figures from the Office for National Statistics (ONS) published today.

âAlternativeâ finance providing comfort for small and medium sized business

Mon, 08 Feb 2010 12:55:01 +0100

Conventional bank loans, often seen as the traditional option for raising business finance, are being ignored by small and medium-sized businesses due to worries about restrictive eligibility criteria and the wide range of other finance options available, says Bibby Financial Services.

Fast funding that âworksâ thanks to Venture Finance

Mon, 08 Feb 2010 11:44:55 +0100

Premier Invoice and Asset Based Lender, Venture Finance has provided a £50k start-up funding facility for Sussex clothing company The Logo Works. Having been refused credit from a high street bank, The Logo Works was introduced to Venture through a personal contact. Attracted to the flexibility of its Fast Track Factoring package, The Logo Works agreed a deal within just five days of the initial meeting.

Comment from Exact Mortgage Experts on latest decision by MPC

Thu, 04 Feb 2010 17:12:02 +0100

Alan Cleary, managing director of Exact Mortgage Experts, comments on the MPC’s decision to hold the base rate at 0.5%:

Ethicall breaks the mould.....

Thu, 04 Feb 2010 16:20:53 +0100

With an employed field network of credit industry professionals, and state of the art technology, new company Ethicall is out to radically change perception of the field services market ….

MPC must 'concentrate on countering threat of double-dip recession'

Thu, 04 Feb 2010 13:29:23 +0100

Commenting on today’s Monetary Policy Committee decision, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Bank of England maintains Bank Rate at 0.5% and maintains the size of the Asset Purchase Programme

Thu, 04 Feb 2010 12:21:17 +0100

The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.

Charity bike ride from London to Paris

Thu, 04 Feb 2010 11:25:19 +0100

Trevor Deacon, Oriels Group Sales & Marketing Director, has set himself a personal challenge for 2010, to take part in the London to Paris Charity Bike Ride starting on the 12th May.

Weak pound strengthens UK's export-led recovery

Thu, 04 Feb 2010 10:32:39 +0100

The weak pound has fuelled the UK’s export market to such an extent that British exporters are more confident about future export growth than their counterparts in the Eurozone, according to the latest European Business Trends report by accountants and business advisers BDO LLP.

Venture Structured Finance funds James Caan deal

Wed, 03 Feb 2010 13:18:29 +0100

Leading Asset Based Lender, Venture Structured Finance, has provided medical recruitment specialist DRC Group with an £11.5m funding package to assist its acquisition by James Caan's private equity firm, Hamilton Bradshaw, via a BIMBO deal. Venture's funding package comprised Receivables Finance with a Cashflow Term Loan.

A new era of transparency? Lenders demand fuller financial disclosure by SMEs

Wed, 03 Feb 2010 10:15:50 +0100

Research published today by CreditPal shows that 43% of the UK’s Small and Medium Sized Enterprises (SMEs) applying for credit in the last two years were required to supply monthly management accounts by their lender.

Â£700 million lending boost for UK businesses

Tue, 02 Feb 2010 15:16:29 +0100

Over £700 million of affordable and easy to access funding from the European Investment Bank (EIB) has been approved for nearly 3,000 small businesses across the UK, through participating national banks.

Â£700 million lending boost for UK businesses

Tue, 02 Feb 2010 12:06:07 +0100

Small business support group calls for default retirement age to stay

Mon, 01 Feb 2010 15:06:24 +0100

A small business support group has called for plans to scrap the default retirement age to be shelved.

Redman returns to Absolute

Mon, 01 Feb 2010 14:49:58 +0100

Absolute Invoice Finance (“Absolute”), the leading specialist financier, has appointed Andy Redman as associate director to its Yorkshire office in Cleckheaton.

Begbies Traynor hires David Wilton to join the BTG Restructuring Team In London

Mon, 01 Feb 2010 13:09:35 +0100

Begbies Traynor, the UK’s leading business rescue, recovery and restructuring specialist has appointed David Wilton as a partner to further strengthen its BTG Restructuring Division. BTG Restructuring helps restore, preserve and enhance the value of businesses.

British businesses are 'Europe's most bullish'

Mon, 01 Feb 2010 12:54:19 +0100

British companies are the most bullish in Europe about their prospects for future growth, with 83% of chief executives claiming that the outlook for their business in 2010 is either good or very good, according to new research from KPMG International.

Smaller manufacturers see first signs of export-led recovery

Mon, 01 Feb 2010 09:34:24 +0100

Small and medium-sized manufacturers are starting to benefit from the relative weakness of Sterling, with overseas orders stabilising after seven quarters of decline, according to the Conferderation of British Industry (CBI). Manufacturing production also steadied, but is expected to fall in the next quarter as overall demand remains weak.

Government Announces Go-Ahead For Supermarket Enforcer

Fri, 29 Jan 2010 10:00:26 +0100

Consumer minister Kevin Brennan has today announced that he has accepted the Competition Commission’s recommendation for a body to enforce the Groceries Supply Code of Practice (GSCOP).

Latest survey finds deep anger over tax system among small firms

Thu, 28 Jan 2010 15:22:21 +0100

Small firms believe Britain’s tax system is deeply unfair and urgently needs to be simplified, new research has revealed.

FSA outlines latest steps to address corporate governance at firms

Thu, 28 Jan 2010 11:17:16 +0100

The Financial Services Authority (FSA) has today issued a Consultation Paper (CP) on effective governance standards within firms.

Matthew Vallance appointed to Board of Firstsource Solutions

Wed, 27 Jan 2010 17:26:55 +0100

Matthew Vallance has been appointed as Joint Managing Director to the Board of Firstsource Solutions Ltd, a leading global business process outsourcing company, as the company reports third quarter growth in revenue, operating EBIT and profit after tax.

SMEs raise Â£22.6 billion from 'alternative' sources of finance in last 12 months

Wed, 27 Jan 2010 15:31:12 +0100

New research from CreditPal, reveals in the last 24 months SMEs have sourced £45 billion from alternative sources of finance.

First UK print and mail company to achieve the British Standard in BCM

Wed, 27 Jan 2010 15:24:11 +0100

Stralfors, the pan-European print and mail company and leader in crucial communications, announced today it has achieved registration to BS 25999, Britain’s new standard for business continuity management (BCM).

Big challenges facing economy, despite end of recession

Tue, 26 Jan 2010 17:45:45 +0100

Commenting on the preliminary GDP figures for the fourth quarter 2009, published today by the ONS, David Frost, Director General of the British Chambers of Commerce (BCC), said:

Invoice and Asset Based Lending funding option of choice as recession ends

Tue, 26 Jan 2010 15:44:59 +0100

As the UK officially moves out of recession, premier Invoice and Asset Based Lender Venture Finance PLC announces positive growth in its client numbers for the last quarter of 2009. This is the second consecutive quarter Venture has seen such expansion, providing further evidence of the rising awareness of Invoice and Asset Based Lending in the UK. Many businesses are now using its supportive, cashflow-linked, qualities to drive recovery.

Double-dip risk to 'fragile' economy still remains, says small firm group

Tue, 26 Jan 2010 14:24:02 +0100

Phil Orford, chief executive of small business support group the Forum of Private Business (FPB), has issued the following comment in response to today’s news that the economy grew by 0.1% in the fourth quarter of 2009.

Stoclet takes charge at Crown as Haggerty moves on

Tue, 26 Jan 2010 12:53:37 +0100

Crown Mortgage Management today announces that Eric Stoclet will take over as the company’s Chief Executive Officer effective February 1, following the departure of Steve Haggerty who is leaving the company to take up a new challenge. The appointment is subject to FSA approval.

'Caution underpins business trading conditions for 2010'

Mon, 25 Jan 2010 15:04:44 +0100

A third of UK businesses are not expecting trading conditions to recover from current levels for at least a year, suggesting firms are taking only tentative steps towards recovery despite expected GDP growth in Q4 of 2009, according to the latest Bibby Financial Services Business Factors Index.

Buyer sought for JS Childrenswear Limited

Mon, 25 Jan 2010 12:21:31 +0100

Paul Clark, Partner at MCR, has confirmed that the business and assets of JS Childrenswear Limited, better known as the Adams retail chain, are being offered for sale.

Free Course to Help Smaller Firms Bid for Government Contracts

Mon, 25 Jan 2010 12:16:07 +0100

A free online public procurement course designed to help smaller firms bid for the £220 billion of public sector contracts awarded each year was today launched jointly by Small Business Minister Lord Davies and the Chief Secretary to the Treasury Liam Byrne.

FSA chairman calls for close engagement between accounting standard setters and bank regulators

Mon, 25 Jan 2010 10:38:09 +0100

Financial Services Authority (FSA) chairman, Lord Turner, called for close engagement between global accounting standard setters and those responsible for prudential regulation of the banking sector to address issues arising from the unique systemic nature of banks.

Buyer found for The Health Lottery

Fri, 22 Jan 2010 22:45:37 +0100

Insolvency experts Bridge Business Recovery have completed the sale of the Altala Group Ltd to the Health Lottery Ltd in a six-figure deal.

MCR appointed administrators for JS Childrenswear Limited

Fri, 22 Jan 2010 16:34:14 +0100

Paul Clark and Matt Bond, Partners at MCR, have been appointed joint administrators of JS Childrenswear Limited together with Ian Yerrill of Gerald Edelman on 22nd January 2010.

Two-thirds of UK businesses worried about this quarter's outlook

Thu, 21 Jan 2010 11:45:13 +0100

Figures released today by R3, the insolvency trade body, show that just one in three businesses (39%) feel that the outlook for the first three months of 2010 looks positive.

FSA fines Standard Life Â£2.45m for serious systems and controls failures

Wed, 20 Jan 2010 17:59:05 +0100

The Financial Services Authority (FSA) has today fined Standard Life Assurance Limited (SLAL) £2.45m for serious systems and controls failings that resulted in the production of misleading marketing material for its Pension Sterling Fund (the Fund). There were approximately 98,000 retail consumers invested in the Fund as at 23 December 2008.

Sterling hits six month high against Euro

Wed, 20 Jan 2010 17:55:27 +0100

Sterling has hit a six month high against the Euro after higher than expected UK inflation data and mixed economic figures from the eurozone.

ICM skills test helps match credit controllers to new jobs

Wed, 20 Jan 2010 17:51:09 +0100

All credit control professionals looking for work with Hays Accountancy & Finance will now be able to prove their skills in a unique online test.

MPC should not overreact to temporary inflation surge

Wed, 20 Jan 2010 17:35:22 +0100

Commenting on the December inflation figures published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Absolute Invoice Finance strengthens North West team

Tue, 19 Jan 2010 17:59:13 +0100

Absolute Invoice Finance (“Absolute”), the specialist business financier, has followed its acquisition by Aldermore Bank (“Aldermore”) with the appointment of Mark Lindsay as regional manager in its North West office, based in Manchester.

Venture Finance puts Dragon Rescue acquisition plans back on the road

Mon, 18 Jan 2010 16:01:28 +0100

Premier Invoice and Asset Based Lender Venture Finance has provided South Wales rescue and recovery company Dragon Rescue with a £400k Confidential Invoice Discounting (CID) package to help the business expand and effect the acquisition of commercial tyre remoulding company Risca Tyres and expand its operation.

Paper specialist rolls out plans for expansion with Absolute

Mon, 18 Jan 2010 15:03:27 +0100

Paperback Collection and Recycling Limited (“Paperback”), one of the UK’s leading paper recycling businesses, is looking to expand its operations as a market leader in the production of sustainable and high quality paper stock, after negotiating a £300,000 funding line from Absolute Invoice Finance (“Absolute”).

Research shows accountants are failing to advise SMEs to produce management accounts

Thu, 14 Jan 2010 18:01:06 +0100

Few accountants are advising recession-hit small businesses seeking finance to produce management accounts, according to new research from the Forum of Private Business (FPB), commissioned by CreditPal, the free online accounts analysis system for SMEs.

Manufacturing still struggling to enter sustainable recovery

Wed, 13 Jan 2010 18:09:27 +0100

Commenting on the manufacturing output figures for November 2009, published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Index of Production for November shows 6.0% annual fall

Wed, 13 Jan 2010 17:09:23 +0100

According to figures released by the Office for National Statistics, year on year, overall production output in November 2009 was 6.0 per cent lower than in November 2008.

Supermarket watchdog welcome, but more is needed to help small shops and suppliers

Wed, 13 Jan 2010 15:55:45 +0100

Small suppliers are finally being given protection from supermarkets in the form of an ombudsman, but the Forum of Private Business (FPB) is calling for further measures to help both suppliers and shops.

Small businesses given breathing space over pension reform but fear sting in the tail

Tue, 12 Jan 2010 16:38:08 +0100

The Forum of Private Business (FPB) is cautiously welcoming the Government’s concessions to small businesses over pension reform.

Move towards export-led growth not sufficiently strong

Tue, 12 Jan 2010 15:33:16 +0100

Commenting on the November trade figures published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Treasury calls for more choice in business finance

Tue, 12 Jan 2010 09:51:28 +0100

Work to increase options for UK businesses in need of non-bank finance is the subject of a discussion document released by the Treasury today. The document seeks views on the barriers to more diverse financing for firms with the intention to introduce proposals for reform later in the year.

UK economy improving, but struggling to enter recovery phase

Tue, 12 Jan 2010 09:19:58 +0100

The results of the British Chambers of Commerce (BCC) Q4 2009 Economic Survey show improvements in most key national indicators, and a particular boost for manufacturing. However, progress has generally been weaker than it was in the third quarter of last year.

FSB calls for default retirement age to be scrapped

Mon, 11 Jan 2010 17:24:50 +0100

The Federation of Small Businesses (FSB) supports the Government's proposal to bring forward the review on the default retirement age and is calling on the Government to scrap the default retirement age.

October / November 2009 small business figures from the high street banks

Mon, 11 Jan 2010 17:03:50 +0100

According to figures just released by the British Bankers Association (BBA), there was £573mn of new structured-term lending to small businesses in November, following on from £592mn in October. Total lending stocks stand at £55.6bn, while deposit levels are at £54.5bn.

SMEs turn to overdrafts in pursuit of finance

Mon, 11 Jan 2010 16:14:09 +0100

Small to Medium Sized Enterprises (SMEs) have resorted to bank overdrafts, rather than business loans, to finance their operations reveals new research from CreditPal.

Pick-up in UK financial services sector activity disappointing, though profitability still improving

Mon, 11 Jan 2010 12:57:42 +0100

Activity in the UK financial services sector increased slightly over the past three months, continuing the rally of the previous quarter, but the modest growth was less than expected and firms expect volumes of business to fall in the coming quarter, a new survey revealed today (Monday).

Research analyst and spread better friend 'committed market abuse'

Mon, 11 Jan 2010 12:24:59 +0100

A former research analyst, Robin Chhabra, and his friend Sameer Patel have been found to have committed market abuse by using inside information to carry out a series of profitable spread bets.

Invoice finance providing an effective solution for businesses

Fri, 08 Jan 2010 12:02:19 +0100

Latest figures from the Asset Based Finance Association (ABFA) show the amount of funding advanced to businesses in the UK in Q3 of 2009 has risen to £48,667 million, an increase of four per cent on Q2 figures.

OECD composite leading indicators continue to signal a recovery

Fri, 08 Jan 2010 11:33:56 +0100

OECD composite leading indicators (CLIs) for November 2009 provide stronger signals of recovery than in last month’s assessment.

CBI reacts to Bank of England's MPC decision

Fri, 08 Jan 2010 11:19:57 +0100

The Confederation of British Industry (CBI), has reacted to the announcement from the Bank of England's Monetary Policy Committee.

MPC and Government must reinforce efforts to improve business access to finance

Fri, 08 Jan 2010 09:52:37 +0100

Commenting on yesterday’s Monetary Policy Committee (MPC) decision, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Employee absenteeism because of bad weather could cost Â£230 million

Tue, 05 Jan 2010 13:14:47 +0100

The Forum of Private Business (FPB) is warning that the cost of a single day of employee absenteeism because of the freezing winter conditions could be at least £230 million.

ACCA calls for improved dialogue between regulators and businesses in 2010

Mon, 04 Jan 2010 15:38:42 +0100

Regulators and businesses need to be able to engage in a common sense business dialogue to ensure that global financial regulation heads in the right direction in 2010, says the Association of Chartered Certified Accountants (ACCA).

FSB National Chairman's New Year Message 2010

Wed, 30 Dec 2009 12:46:19 +0100

John Wright, National Chairman of the Federation of Small Businesses (FSB), has issued his New Year message for 2010.

Forum of Private Business New Year Message 2010

Wed, 30 Dec 2009 12:14:07 +0100

Phil Orford, chief executive of small business support group the Forum of Private Business (FPB), has issued the following New Year message.

MPC must make greater efforts to boost bank lending to business

Thu, 24 Dec 2009 08:06:29 +0100

Commenting on the Monetary Policy Committee (MPC) minutes, published today by the Bank of England, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Disheartened entrepreneurs turn to politics ahead of the General Election

Wed, 23 Dec 2009 11:35:32 +0100

New figures suggest that more candidates with business and finance management experience are putting themselves forward as prospective MPs because they are disillusioned with existing enterprise policies.

GDP and Unemployment: Recessions compared

Tue, 22 Dec 2009 12:00:45 +0100

The Office of National Statistics (ONS) have issued figures comparing GDP and unemployment records in the current recession with those of the 80s and the 90s.

GDP estimates suggest that 'economy should emerge from recession shortly but still risks exist'

Tue, 22 Dec 2009 10:59:31 +0100

Responding to this morning's revised GDP figures, PricewaterhouseCoopers LLP confirmed that the UK economy as a whole was still in recession in Q3 2009, with only a small upward revision in the overall GDP growth figure from -0.3% to -0.2% in the third quarter. GDP in Q3 was 5.1% lower than a year earlier and 6% below its pre-recession peak.

Over Â£500m of Government-Backed Loans Boosts Business Prospects

Tue, 22 Dec 2009 10:01:10 +0100

Companies from printing firms to lighting groups have improved their business prospects after benefitting from more than half a billion pounds of Government-backed loans, Small Business Minister Lord Davies announced today.

Business strength improves and insolvencies fall in November, according to Experian

Mon, 21 Dec 2009 10:56:53 +0100

The latest Insolvency Index from Experian®, the global information services company, has revealed a positive picture in November, as the number of failing businesses continued to fall and the financial strength of businesses improved.

Alan Sugar writes exclusively on 'moaners' controversy for small business group

Mon, 21 Dec 2009 10:00:45 +0100

Alan Sugar has hit back at his critics in a hard-hitting new article for the FPB. Writing exclusively for the FPB in the latest edition of its quarterly Business Insight magazine, Lord Sugar insists he is ‘passionately committed' to helping small firms.

Weak lending to business threatens investment and recovery

Mon, 21 Dec 2009 09:37:02 +0100

Commenting on the Bank of England’s trends in lending figures, and the revised business investment data published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Urgent action needed to preserve Britain's international credit rating

Mon, 21 Dec 2009 09:12:37 +0100

Commenting on the November public finance figures published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Tentative UK recovery to slowly gather pace over next two years - CBI

Mon, 21 Dec 2009 08:54:17 +0100

The UK economy is expected to exit the recession in the fourth quarter of 2009, but thereafter growth will remain subdued and GDP is unlikely to have reached pre-recession levels by the end of 2011, the CBI said today (Monday).

The Future Financial Landscape - Speech by David Miles

Wed, 16 Dec 2009 15:26:29 +0100

In a speech today in London, Professor David Miles – an external member of the Monetary Policy Committee – discusses the current problems in the banking sector, how it might operate differently in the future, and the near-term and long-term monetary policy implications.

Venture Finance provides Â£1m funding line to GJF Fabrications

Tue, 15 Dec 2009 09:15:40 +0100

Premier Invoice and Asset Based Lender Venture Finance has provided West Midlands-based GJF Fabrications Ltd with a £800,000 Invoice Discounting package to help the company realise its growth ambitions. The package also came with a £200k Enterprise Finance Guarantee (EFG) loan, backed by the Government.

Comment from Peter Ewen, MD of Invoice & Asset Based Lender Venture Finance on chancellor's PBR

Fri, 11 Dec 2009 11:08:21 +0100

"Was it me, or did the words 'fiddling while Rome burns' come to mind when the Chancellor spelt out his Pre-Budget Report to Parliament this week?

MPC and Government must concentrate on boosting bank lending

Thu, 10 Dec 2009 13:13:57 +0100

Commenting on today’s Monetary Policy Committee (MPC) decision, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

FSB response to Chancellor's Pre-Budget Report

Thu, 10 Dec 2009 11:45:53 +0100

The Federation of Small Businesses (FSB) welcomed measures by the Chancellor to give small businesses a helping hand by extending finance to small firms and calling off a 1p rise in small companies' Corporation Tax in his pre-budget report.

Government Extends Loan Guarantee Scheme

Thu, 10 Dec 2009 11:22:52 +0100

The Government announced in the Pre-Budget Report that its successful guarantee scheme to support business loans will continue for another year.

Darling's employment tax will 'hit small firms hard'

Thu, 10 Dec 2009 10:45:56 +0100

The Forum of Private Business (FPB) described the move to hike the National Insurance Contributions announced as part of the Pre-Budget Report. as a ‘tax on employment’ which will hit small firms hard and hinder employment.

No pain but few pleasures for small firms in lacklustre PBR, says FPB

Thu, 10 Dec 2009 10:30:25 +0100

The FPB has welcomed some of the small business-friendly measures outlined by the Chancellor, including the extension to the Enterprise Finance Guarantee Scheme, the freeze on corporation tax for small firms and the extension of the Time to Pay scheme.

Pre-Budget report - Comment by Bibby Financial Services

Thu, 10 Dec 2009 09:56:41 +0100

Commenting on the pre-Budget, Edward Rimmer, Bibby Financial Services chief executive, UK & Ireland, said: “By not penalising businesses and extending the 'Time to Pay' scheme in what is possibly the most important pre-Budget for the Chancellor, Darling has offered UK firms a lifeline out of the recession.

Venture Structured Finance allows printers MBO to press ahead

Thu, 10 Dec 2009 09:47:27 +0100

Venture Structured Finance, a division of Venture Finance has provided printer Bell & Bain with £3m funding to allow the company to complete a Management Buy-Out (MBO).

BCC Pre-Budget Report reaction

Wed, 09 Dec 2009 18:30:32 +0100

Reacting to the Chancellor’s Pre-Budget Report, David Frost, Director General of the British Chambers of Commerce (BCC), said:

FSA publishes feedback statement on remuneration

Tue, 08 Dec 2009 18:12:36 +0100

The Financial Services Authority (FSA) has today published the summarised feedback it received on whether to extend its code on remuneration policies to other FSA-authorised firms.

Manufacturers downbeat about future output - CBI

Tue, 08 Dec 2009 17:55:15 +0100

UK manufacturers predict production will fall a little over the next three months, having expected a pick-up in output in the two previous surveys, the CBI said today.

Pre-Budget Report must empower business to drive recovery

Tue, 08 Dec 2009 17:49:12 +0100

Ahead of the Pre-Budget Report, the British Chambers of Commerce (BCC) has outlined the measures business wants to hear from the Chancellor, which will boost economic growth, job creation, and help the private sector to drive the UK’s recovery.

Bibby Financial Services urges debtors to 'pay up'

Mon, 07 Dec 2009 13:02:27 +0100

Big businesses are continuing to monopolise on their dominant market position and delay invoice payment to small and medium sized businesses, according to Bibby Financial Services.

Call to boost employment and skills training in Pre-Budget Report

Mon, 07 Dec 2009 10:33:32 +0100

As the Government prepares to outline its enterprise policies in next week’s Pre-Budget Report (PBR), the Forum of Private Business (FPB) is calling for a timely boost to employment and skills training for small firms.

CGI Announces Launch of CGI Enterprise Gateway

Fri, 04 Dec 2009 10:13:53 +0100

CGI Group Inc., a leading provider of information technology and business process services, has announced the launch of CGI Enterprise Gateway®, a managed service that supports IT interfaces to third party services, helping clients significantly reduce overall costs and achieve greater efficiencies.

Small businesses need better bank lending as well as new growth capital fund, says FPB

Thu, 03 Dec 2009 17:14:11 +0100

The Forum of Private Business (FPB) is calling for bank lending to be made more accessible and affordable following a report identifying a ‘permanent gap’ in small business finance.

Ashley announces profits in excess of Â£1m

Wed, 02 Dec 2009 21:44:30 +0100

Ashley Commercial Finance, the “Friend of the Smaller Business”, is pleased to announce a pre-tax profit of £1,021,822 for the year ended 31st March 2009.

Small firms are growing but still need support to sustain a full recovery

Wed, 02 Dec 2009 17:14:11 +0100

More than half of businesses have resisted the worst of the recession by innovating, creating new products and services, according to a new survey by the Federation of Small Businesses (FSB) and ICM.

Pre-Budget Report must include support for small business investment, says FLA

Wed, 02 Dec 2009 15:38:32 +0100

Asset finance providers report that businesses, especially hundreds of thousands of small businesses, are still delaying investment in essential business equipment. The Finance & Leasing Association (FLA) has called for next week’s Pre-Budget Report to include tax incentives to help businesses to invest in leasing new equipment.

Software Developer Draycir Awarded Special Recognition Award by Sage

Wed, 02 Dec 2009 14:59:33 +0100

Sage (UK) Limited, the business software and services provider, has presented its first ever special recognition award to Draycir, the business and credit control software developers.

Albany Software launches a rental option for its solution portfolio

Wed, 02 Dec 2009 10:34:37 +0100

Albany Software, the UK’s leading e-transactions software author, has today announced a new rental strategy – offering its market-leading solutions to customers for a monthly fee rather than an upfront capital outlay. This flexible payment alternative comes at a time when more and more businesses are becoming increasingly careful with their cash flow management in the current economy.

Key appointments for Aon's credit insurance team

Tue, 01 Dec 2009 11:14:58 +0100

Aon Trade Credit UK (ATC), the UK’s largest credit insurance broker, has appointed Phil Simmons, Kevin Finch and Nicola Smith formerly of RK Harrison.

Venture Finance helps Trixter move up a gear

Mon, 30 Nov 2009 16:31:05 +0100

Venture Finance has provided Gloucestershire-based interactive exercise bike specialist, Trixter Europe Ltd, with a funding package comprising Factoring with Bad Debt Protection. The £300k funding line from the leading independent Invoice and Asset Based Lender will allow Trixter to action ambitious plans to grow its presence in the lucrative health club market.

Unexpected sales dip pushes service sector profits lower

Mon, 30 Nov 2009 11:37:30 +0100

Firms operating in the UK’s service sector saw an unexpected fall in sales in the last three months, pushing profitability lower and keeping business levels well below normal. That is according to the latest Confederation of British Industry (CBI) Service Sector Survey.

CreditPal offers solution for the SME business challenges identified by the CBI

Fri, 27 Nov 2009 16:41:27 +0100

CreditPal has endorsed the CBI’s assertion in its white paper ‘Shape of Business – the next ten years,’ that financing for SMEs remains a significant challenge.

Small businesses divided over environmental measures

Fri, 27 Nov 2009 15:48:15 +0100

More than one in five small firms are delaying embracing environmentally-friendly measures because of the recession but almost as many are being encouraged to implement them, a survey carried out by the Forum of Private Business (FPB) suggests.

MCR appointed Administrator to Borders (UK) Ltd

Thu, 26 Nov 2009 17:26:07 +0100

Philip Duffy, Geoff Bouchier and David Whitehouse of MCR have been appointed Joint Administrators of book-store chain Borders (UK) Ltd. Borders (UK) Ltd, which has 45 branded Borders and Books Etc stores across the UK.

UK businesses finding funding harder to come by

Thu, 26 Nov 2009 11:21:24 +0100

An overwhelming majority of financial advisers say that securing funding for small and medium sized businesses is becoming more troublesome, according to an annual survey benchmarking the opinions of financial advisers and brokers by Bibby Financial Services.

Financial choices are vital for businesses in "new era"

Thu, 26 Nov 2009 10:45:47 +0100

With the CBI this week unveiling its vision for a “new era” for businesses, times will undoubtedly change for UK firms says Edward Rimmer, chief executive at leading independent invoice financier Bibby Financial Services.

Small firms set to be overlooked in expected decision on bank charges

Thu, 26 Nov 2009 10:12:44 +0100

Ahead of the expected decision of the newly-formed Supreme Court to allow unfair bank charges to be investigated, the Forum of Private Business (FPB) is calling for protection for all small businesses as well as consumers.

Almost a third of job losses result from company liquidations

Thu, 26 Nov 2009 09:49:11 +0100

New research shows that the last year has seen an estimated 164,000 people in England and Wales lose their jobs as their employer has gone into liquidation. With the number of unemployed rising by 569,000 over this period, liquidations account for 29% of the total increase

Blake Lapthorn boosts Insolvency team with partner hire

Thu, 26 Nov 2009 09:43:24 +0100

Blake Lapthorn is pleased to announce the appointment of Adrian Owen as a partner in its Insolvency and Business Recovery team.

HML Wins Global Excellence Award for BPM Project

Wed, 25 Nov 2009 23:30:29 +0100

HML, the financial outsourcing provider, has won the Silver Award for Europe in the 2009 Global Awards for Excellence in Business Process Management (BPM) and Workflow.

Small firms set to be overlooked in expected decision on bank charges

Wed, 25 Nov 2009 16:24:45 +0100

Government Proposal to Help Fund Business Growth

Tue, 24 Nov 2009 16:51:39 +0100

The Government yesterday welcomed the publication of Chris Rowlands’ independent review into the availability of growth capital to small and medium sized businesses.

Action needed to reverse fall in business investment

Tue, 24 Nov 2009 12:02:44 +0100

Commenting on the preliminary business investment figures for Q3 2009, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Biennial Employee Fraud Research by Actimize, Finds Increasing Magnitude of Employee Fraud

Mon, 23 Nov 2009 15:59:08 +0100

Actimize, a NICE Systems company and the largest and broadest financial crime, compliance and risk management solutions provider to the financial services industry, today announced the results of its biennial research measuring employee fraud within financial institutions.

One in two workers is an unsung hero of recession

Mon, 23 Nov 2009 15:21:38 +0100

Half of UK workers have taken actions that help companies survive the recession, according to research commissioned by R3, the insolvency trade body. By accepting pay freezes, working longer hours or making other changes to their work patterns, they are helping companies stay afloat and preserving jobs.

Government's credit insurance scheme 'still not working'

Mon, 23 Nov 2009 15:17:07 +0100

Commenting on the news that the £5 billion Government fund set up to help small businesses which have seen their insurance cover diminish has only been used by 72 companies, Edward Rimmer, chief executive at leading independent invoice financier Bibby Financial Services, said:

Venture Finance urges industry to drop 'alternative' tag

Fri, 20 Nov 2009 13:50:14 +0100

In a newly published white paper Venture Finance is urging the Invoice and Asset Based Lending industry to drop its 'alternative finance'tag , and embrace its mainstream position within corporate finance. The document, endorsed by the Asset Based Finance Association (ABFA), is entitled 'The Evolution of Invoice and Asset Based Lending' and outlines the themes, discussions and conclusions arising from a recent industry think tank.

Absolute strengthens proposition by joining forces with Aldermore

Wed, 18 Nov 2009 18:07:50 +0100

Absolute Invoice Finance (“Absolute”), the specialist provider of factoring and invoice discounting solutions to small and medium sized enterprises (SMEs), has today joined forces with Aldermore Bank PLC (“Aldermore”) in a move that saw Aldermore acquire the business from AnaCap Financial Partners (“AnaCap”). AnaCap is a specialist private equity firm focused on financial services, which acquired Aldermore earlier this year.

Businesses report worsening access to finance situation

Mon, 16 Nov 2009 09:45:48 +0100

Access to finance remains a serious problem for British businesses, despite the Bank of England pumping £200 billion into the economy to boost money supply and stimulate lending.

Freeze new small business laws until election 'to allow for review of red tape'

Fri, 13 Nov 2009 14:49:52 +0100

The Forum of Private Businesses (FPB) is calling for a freeze in new business legislation to allow the Government to re-assess the burden of red tape. The proposed moratorium would last until the General Election, which is expected to take place in May.

Call for action on 'phoenix' companies leaving small businesses unpaid after becoming insolvent

Thu, 12 Nov 2009 15:56:27 +0100

A probe into corporate insolvencies must address the problem of ‘phoenix’ companies starting again under a different name leaving their smaller creditors unpaid, the Forum of Private Business (FPB) is arguing.

Returning the economy to growth 'must be top policy priority'

Thu, 12 Nov 2009 09:59:45 +0100

In his initial comments on the Inflation Report, published yesterday by the Bank of England, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Up to Â£1.4 billion in new loans for onshore wind farms

Tue, 10 Nov 2009 16:29:13 +0100

Three UK-based banks will start offering new loans to eligible onshore wind farms today. Wind farm developers and the banks will have an opportunity to start brokering the deals at a forum in the city hosted by Ed Miliband and Chancellor Alistair Darling.

LG advises Australian noteholders on Court of Appeal win under Lehman Dante programme

Tue, 10 Nov 2009 16:19:48 +0100

We are pleased to announce that the Court of Appeal has upheld the Chancellor's decision in another victory for the English law investing public in the set-piece battle being fought out by Lehman investors in the English High Court. ...

Small firms shown how to sweeten relations with bank managers in the wake of Alan Sugar controversy

Tue, 10 Nov 2009 14:52:32 +0100

A business support group has developed a free guide aimed at helping small businesses to secure crucial bank support. The guide, entitled Get your bank manager to say ‘YES’!, has been produced by the Forum of Private Business (FPB) in response to mounting concerns over bank lending to smaller firms.

Cashflow UK appoints Andrew Bullard as new head of business

Mon, 09 Nov 2009 16:49:55 +0100

Leading invoice finance broker, Cashflow UK, has strengthened its management team with the appointment of Andrew Bullard as Head of Business.

Venture Finance provides progressive funding for Progressive Die Components Ltd

Mon, 09 Nov 2009 11:00:32 +0100

Premier Invoice and Asset Based Lender, Venture Finance has provided a £150k funding facility for new business Progressive Die Components to help the company get off the ground.

Credit Collections & Risk magazine - now online, free!

Fri, 06 Nov 2009 13:19:05 +0100

Credit professionals have welcomed the opportunity to read Credit Collections & Risk magazine free of charge online for the first time ever; in a move aimed at making sure the industry stays up to date with the latest news and best practice, and at beating the postal strikes.

FPB responds to Sir Alan Sugar's comments on 'moaning' small business owners

Thu, 05 Nov 2009 23:02:43 +0100

A small business lobby group has responded to controversial remarks made by Sir Alan Sugar in Manchester this week. According to reports, the Government enterprise czar was highly dismissive of complaints over bank lending to small businesses.

Jenkin to head Aon Trade Credit's pulp and paper team

Thu, 05 Nov 2009 23:00:46 +0100

Aon Trade Credit, the UK’s largest credit insurance broker, has appointed Elizabeth Jenkin as sector leader for pulp and paper products in the UK. She will be responsible for leading a specialist team to deliver broking and technical support to the trade.

41% of UK businesses experiencing export growth, defying recessionary pressures

Thu, 05 Nov 2009 22:59:22 +0100

A significant proportion of small to medium-sized businesses in the UK have reported an increase in the export side of their business, according to new research from leading independent invoice financier Bibby Financial Services.

FPB public procurement research reveals 'postcode lottery' for council suppliers

Thu, 05 Nov 2009 22:49:59 +0100

A major study by the Forum of Private Business (FPB) has revealed vast differences in the amount of time British councils take to pay their suppliers.

Atradius increases cover on over 13,000 UK companies

Wed, 04 Nov 2009 14:43:08 +0100

Leading trade credit insurer Atradius is pleased to announce increased credit insurance capacity on 13,000 UK companies following a comprehensive review of its risk underwriting strategy. Atradius estimates that SMEs in particular will benefit from the change and that over £1 billion of extra trade could be facilitated in the coming months.

FPB and Accept Cards Ltd help firms save money on merchant services

Tue, 03 Nov 2009 15:02:31 +0100

The Forum of Private Business (FPB) is helping small businesses cut adrift by the providers of credit card merchant services or struggling with the cost of processing card payments.

Groundbreaking service launched to unblock SMEs access to credit and finance

Tue, 03 Nov 2009 12:20:24 +0100

Future Route and Graydon, the commercial credit reference agency, are proud to announce the launch of CreditPal, a free online service offering monthly credit reviews, which aims to unblock the flow of credit and finance to Small to Medium Sized Enterprises (SME’s).

BPF comment on Blacks' CVA proposal

Tue, 03 Nov 2009 11:28:47 +0100

Liz Peace, chief executive of the British Property Federation, said: "The conditions around each CVA will always vary.

Taxman targets pre-pack offspring with VAT demand

Tue, 03 Nov 2009 11:00:02 +0100

The Government has beent of “thwarting” enterprise with demands from the owners of collapsed businesses of up to six months of VAT for the right to start again, according to a report in The Times.

Bibby Financial Services urges small firms to seize cashflow lifeline

Mon, 02 Nov 2009 13:15:37 +0100

With lack of cash flow a key factor in the majority of business failures, leading independent invoice financier Bibby Financial Services is urging small businesses to address their finances now to avoid becoming another statistic.

New focus for procurement and supply chain management

Mon, 02 Nov 2009 11:02:12 +0100

Shirley Cooper the Procurement and Supply Chain Director for Computacenter, will become the new elected President of The Chartered Institute of Purchasing & Supply (CIPS) on 1st November for 2009-10. Shirley will take over the role from incumbent President Bola Afolabi and will be concentrating on developing relationship management and reputation in the profession. Shirley has been the Vice President for the past 12 months.

Confidence levels in Manufacturing show sharp increase

Fri, 30 Oct 2009 17:12:18 +0100

Confidence levels in the manufacturing sector jumped in the third quarter, according to new research by accountants and business advisers BDO LLP, which looked at confidence levels in the sector over the next six months.

Support for leasing 'can kickstart business investment'

Thu, 29 Oct 2009 15:24:00 +0100

The Finance & Leasing Association (FLA) has today in its Pre-Budget Report Submission to the Chancellor called for Government support for small and medium sized businesses who invest in capital equipment through leasing.

John Healey: Â£450m to get workers back on stalled housing sites

Thu, 29 Oct 2009 14:51:28 +0100

Housing Minister John Healey today finalised a £450m funding package to kickstart work on over 150 stalled housing developments, getting work back on track and builders back on site.

US recovery positive for the world but highlights Britain's predicament

Thu, 29 Oct 2009 14:46:38 +0100

Commenting on the US GDP figures for Q3 2009, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said: “The news published today, confirming that the US economy has officially exited recession is excellent news for the global economy.

Firstsource reports second quarter fiscal 2010 revenues of USD 99.70 million

Wed, 28 Oct 2009 17:30:47 +0100

Firstsource Solutions Limited, among India’s leading pure-play BPO companies, reported its consolidated financial results for the quarter ended September 2009, according to Indian GAAP.

Postal strikes could cost small businesses up to Â£5,000, says FSB poll

Wed, 28 Oct 2009 15:08:16 +0100

National postal strikes could cost small businesses anywhere between £500 and £5,000, a poll by the Federation of Small Businesses (FSB) has shown.

Government support for small businesses 'must not be sacrificed in public spending cuts'

Tue, 27 Oct 2009 15:05:12 +0100

The Government must not sacrifice its support for small businesses as part of widely-anticipated spending cuts to plug the gap in public finances, the Forum of Private Business (FPB) is warning.

August '09 small business figures for the high street banks

Tue, 27 Oct 2009 13:19:09 +0100

Figures just released by the British Bankers Association (BBA) show that new structured term lending to small businesses totalled £574 million in August. Lending stocks, at £56 billion, were little changed in the month, while deposits fell marginally.

Barclays deal with European Investment Bank gives a boost to UK Further Education Colleges

Mon, 26 Oct 2009 10:32:07 +0100

Some 24 Further Education Colleges across the UK will benefit from lower cost finance comprising a total of £200 million to fund almost £1billion of capital projects, due to a loan facility made available following the signing of a new contract between Barclays and the European Investment Bank (EIB).

Deeply disappointing GDP figures highlight need for supporting measures

Fri, 23 Oct 2009 16:16:25 +0100

Commenting on the preliminary GDP figures for the third quarter of 2009, published today by the ONS, Dr Adam Marshall, Director of Policy at the British Chambers of Commerce (BCC), said:

White paper charting potential for Invoice and Asset Based Lending industry published

Fri, 23 Oct 2009 12:53:59 +0100

Premier Invoice and Asset Based Lender Venture Finance has published its "The Evolution of Invoice and Asset Based Lending" white paper following a high-level industry think tank.

MPC must support fragile recovery

Wed, 21 Oct 2009 18:31:09 +0100

Commenting on the MPC minutes, published today by the Bank of England, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Launch of cashflow guide for UK exporters

Wed, 21 Oct 2009 18:14:03 +0100

De-stocking throughout 2009 has fuelled UK exporters’ need for immediate cash on winning a contract and the new Guide to Financing Exports from the British Exporters Association (BExA) sets out the options for trade finance. Susan Ross, chair of BExA and director of Aon Trade Credit, the UK’s largest credit insurance broker, has edited this practical guide.

Chancellor urged to put small business finance at the forefront of the pre-budget

Wed, 21 Oct 2009 17:56:55 +0100

In advance of the impending pre-Budget, Edward Rimmer, UK and Ireland chief executive at leading independent invoice financier Bibby Financial Services, commented:

Document Outsourcing Limited recognised for process quality

Mon, 19 Oct 2009 15:10:27 +0100

Bellshill based Document Outsourcing Limited have just been successfully re-assessed against the International Quality Standard ISO9001:2008 for ‘the provision of client data printing and associated ‘primepost’ sortation and mailing services.’

Venture Finance achieves highest new client levels for a decade

Mon, 19 Oct 2009 10:04:14 +0100

Venture Finance PLC announces today that its Q3 results for 2009 are the best it has achieved in a decade. The Independent Invoice and Asset Based Lender has provided consistent support to UK businesses, in what has been a difficult time for liquidity. As a result, Venture has witnessed a 42 per cent increase in new clients above the usual third quarter average, dating back to 2000.

End of year uplift 'a false dawn'

Mon, 19 Oct 2009 09:12:07 +0100

The final quarter of 2009 will see increasing business failures and trading conditions are likely to worsen again in quarter one of 2010 according to predictions released today in a new business index.

Angela Knight speaks at BBA Annual Supervision Conference

Wed, 14 Oct 2009 17:12:06 +0100

Speaking at yesterday's BBA conference, chief executive Angela Knight said:

Target deploys state-of-the-art commercial lending solution

Tue, 13 Oct 2009 17:10:45 +0100

Target, a leading provider of lending solutions, has signed a contract to deliver a new state-of-the-art commercial lender system. The client, who wishes to retain commercial confidentiality, has ambitious launch plans as market conditions improve.

Large firms to help SMEs punch above their weight

Tue, 13 Oct 2009 15:07:53 +0100

A major new initiative is being launched across the UK, which will give thousands of small and medium-sized businesses the chance to learn from some of the country’s biggest and most successful companies.

UK on the 'brink of leaving recession'

Tue, 13 Oct 2009 11:58:50 +0100

Results from the Quarter 3 2009 British Chambers of Commerce (BCC) Economic Survey (QES) show that the UK is on the brink of leaving recession.

Charles Mayhew MICM elected onto the FCIB European Advisory Council

Tue, 13 Oct 2009 10:57:04 +0100

Moreton Smith is proud to announce that Charles Mayhew MICM, a Director at Moreton Smith, one of the largest privately owned credit management solutions specialists, has been elected by the FCIB Board of Directors to the FCIB European Advisory Council for a three-year term beginning 2009.

Companies must manage success efficiently to avoid growing pains

Tue, 13 Oct 2009 09:49:47 +0100

As companies win more customers and gain more revenue, they will need larger facilities and more employees to keep up with the pace. Not only can this be very costly but maintaining a good solid cashflow ultimately becomes more difficult and in many cases is manually impossible.

Graydon UK announces launch of new enhanced credit information report service

Mon, 12 Oct 2009 16:15:20 +0100

Graydon UK, the commercial credit reference agency, today announces the launch of the world’s first enhanced credit information report service based on monthly company financial information.

State aid rules must not force banks to abandon small businesses, says FPB

Fri, 09 Oct 2009 15:47:02 +0100

The Forum of Private Business (FPB) is urging the European Commission not to force the UK’s part-nationalised banks to abandon more than two million of their small business customers.

MPC must act resolutely to counter threats of relapse

Fri, 09 Oct 2009 10:17:51 +0100

Commenting on yesterday's MPC decision, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Bank of England Maintains Bank Rate at 0. ...

Fri, 09 Oct 2009 10:15:59 +0100

The Bank of England’s (BoE) Monetary Policy Committee yesterday voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%.

Begbies Traynor Group plc and Mesirow Financial Consulting, LLC Announce Joint Venture

Thu, 08 Oct 2009 12:56:19 +0100

Begbies Traynor Group plc (BTG) and Mesirow Financial Consulting, LLC (MFC) today announced a joint venture - BTG Mesirow Financial Consulting – which becomes one of the largest insolvency and restructuring practitioners in the world.

CVAs and pre-packs not interchangeable

Wed, 07 Oct 2009 18:31:52 +0100

With the Government considering adopting legislation to increase the use of Company Voluntary Arrangements (CVAs), CVAs have been seen as a ‘positive insolvency tool’ in cases such as JJB Sports and Focus DIY. However, their increasing usage is not necessarily designed to phase out pre-packs.

Venture Finance acts fast to save furniture manufacturer and 72 jobs

Wed, 07 Oct 2009 18:10:26 +0100

Premier Invoice and Asset Based lender Venture Finance has provided Merseyside-based Dams Furniture Ltd with a Confidential Invoice Discounting (CID) and Plant & Machinery funding package.

VocaLink Take Home Pay Index falls for the first time since May

Wed, 07 Oct 2009 17:34:52 +0100

The VocaLink Take Home Pay Index for September emphasised the fragility of the UK labour market, dropping to just 1.7% wage growth. This was down from August's 2.0% pay growth figure which was the highest since February 2007. The turbulence of the wage growth figures is interpreted as a sign that even as the UK pulls out of recession, the labour market remains delicate.

Venture Structured Finance provides refinancing package to Makin Metal Powders

Wed, 07 Oct 2009 16:54:33 +0100

Venture Structured Finance, a division of the Venture Finance group has provided a refinancing package to Makin Metal Powders.

Employment tax break for new start ups given a cautious welcome by business group

Wed, 07 Oct 2009 16:42:26 +0100

A plan for a National Insurance (NI) tax holiday for new start-ups could create 60,000 jobs, it has been claimed by the Shadow Chancellor George Osborne at today’s Conservative Party conference in Manchester.

Almost a fifth of small firms in the South West are already experiencing an upturn in trade

Thu, 01 Oct 2009 18:50:38 +0100

Research carried out by the Forum of Private Business (FPB) has found that while some of the region's small businesses are still shedding jobs and cutting costs, 18% are already seeing an increase in orders and sales, with a further 54% expecting an increase over the coming year.

MCR Appointed Administrators For BlueSky Travel Systems

Thu, 01 Oct 2009 14:17:24 +0100

MCR has announced that BlueSky Travel Systems was placed into administration on September 29th 2009. Phil Duffy, partner at MCR, has been appointed as administrator.

Help amid fears rates revaluation could hit small firms hard

Wed, 30 Sep 2009 16:51:05 +0100

Members of the Forum of Private Business (FPB) are being given access to a free business rates appraisal service amid fears that they will be forced to pay inflated rates bills for five years, according to a recent FPB survey.

North West small firms believe business can grow - but need better treatment from banks,

Tue, 29 Sep 2009 15:49:32 +0100

Research carried out by the Forum of Private Business (FPB) has found that while some recession-hit small businesses in the region are still making redundancies and cutting costs, most expect to see a much-needed upturn in trade over the next year.

Businesses Battle Bad Debt with Late Payment Interest

Mon, 28 Sep 2009 10:06:40 +0100

Huge pressures on cash flow this year have driven more businesses than ever before to exercise their right to charge late payment interest (LPI) on bad debt according to Lovetts, one of the UK’s leading debt recovery law firms.

204,000 Tax Arrears Ticking Time Bombs

Mon, 28 Sep 2009 10:04:09 +0100

The summer is now well and truly over and the economic realities may be coming home to over 200,000 UK businesses. Since November 2008 HM Revenue & Customs has agreed some 204,000 so-called ‘time-to-pay’ arrangements following the launch of the Business Payment Support Service (BPSS) late last year. This scheme was specifically designed for small businesses.

Many small businesses believe they will 'prosper and grow' as Britain heads out of recession

Thu, 24 Sep 2009 08:39:40 +0100

Research carried out by the Forum of Private Business (FPB) has found that almost half of its members (47%) expect to see an increase in trade over the next year.

HML makes key hire with new head of compliance

Wed, 23 Sep 2009 17:43:30 +0100

HML, the financial outsourcing provider, has announced the appointment of Julie Sadler as head of compliance to be based within its Skipton office.

Target Loan Servicing achieves Servicer Ranking with Standard & Poors

Wed, 23 Sep 2009 17:38:07 +0100

Target Loan Servicing has been assigned an ”AVERAGE” servicer ranking by international ratings agency Standard & Poor’s (S&P). This ranking was assigned for primary residential mortgage servicing and primary consumer finance servicing in the UK.

Hoare Capital adds to its specialist credit team

Tue, 22 Sep 2009 12:29:47 +0100

West End based agency broker Hoare Capital is adding to its Credit, ABS and Inflation teams as it gears up into Q3 2009.

Poor payment tops list of business owners concerns in latest Economic Downturn Panel survey

Tue, 22 Sep 2009 11:31:02 +0100

Cash flow worries as a result of increasing late payments are causing small businesses the most headaches, according to the latest Economic Downturn Panel survey carried out by the Forum of Private Business (FPB).

Trade credit insurance claims fall for first time in four quarters, uncertainty in economy continues

Mon, 21 Sep 2009 18:00:06 +0100

Latest ABI figures show that trade credit insurance claims have fallen for the first time in four quarters. In Quarter 2, 2009:

Government loan powers up electric car maker

Mon, 21 Sep 2009 12:59:41 +0100

The government today announced a £10M loan to Tata Motors European Technical Centre (TMETC) under the Automotive Assistance Programme (AAP) set up to support investment in a lower carbon future for the industry.

BCC warns party leaders: Give business the freedom to drive UK recovery

Mon, 21 Sep 2009 12:58:46 +0100

As the leaders of the main political parties prepare to deliver their keynote speeches during this year’s crucial party conference season, the British Chambers of Commerce (BCC) has issued a warning that all three parties must present a clear vision that gives business the freedom to create opportunities, jobs and growth to drive the UK’s recovery from recession.

Help at hand for small firms struggling with employment law

Wed, 16 Sep 2009 17:11:55 +0100

The Forum of Private Business (FPB) has launched its new Employment Guide to help small businesses comply with employment law, which is an increasing headache for companies forced to make redundancies because of the recession or dismiss staff following disciplinary breaches.

ICM Editor takes new role in commercial development

Wed, 16 Sep 2009 09:42:48 +0100

Rob Beddington is relinquishing his role as Editor and Advertising Manager of Credit Management, the Institute of Credit Management's (ICM) monthly magazine, to focus on developing the ICM's relationships with the credit industry and the wider business community.

TLS wins new 55 van flexible rental deal with JBW Group

Tue, 15 Sep 2009 12:01:28 +0100

A new deal to supply 55 vans to JBW Group on flexible rental, replacing the company’s existing outright purchased fleet, has been won by TLS Vehicle Rental.

CGI provides banks with improved working capital capabilities through new trade finance offering

Mon, 14 Sep 2009 16:48:23 +0100

CGI Group Inc., a leading provider of information technology and business process services, today announced the addition of accounts receivable and cash management capabilities within its global trade and supply chain platform, Proponix360£.

Venture Finance North West reports consecutive growth quarters

Mon, 14 Sep 2009 12:40:28 +0100

Premier Invoice and Assed Based Lender also bolsters senior business development staff to capitalise on two most successful quarters post recession.

Agreement on the recapitalisation of servicing operations of the Crown Group

Mon, 14 Sep 2009 12:23:56 +0100

Crown Mortgage Management and Forum Partners have today announced an agreement involving the recapitalization of the servicing operations of the Crown Group. The agreed transaction, which is subject to regulatory approval, will result in the purchase of Crown’s servicing and mortgage co-investment operations from Crown Westfalen Bank with financing proceeds from an affiliate of Forum Partners, a global real estate investment management firm.

Business group finds steep cost of lending is leaving viable businesses in the cold

Fri, 11 Sep 2009 16:20:18 +0100

The Forum of Private Business (FPB) has learned that banks are imposing a raft of charges, increasing interest rates and demanding personal guarantees as preconditions for lending to small businesses, including under the Government’s Enterprise Finance Guarantee (EFG) scheme.

MPC should take steps to stimulate lending to businesses

Fri, 11 Sep 2009 15:49:41 +0100

Commenting on today’s Monetary Policy Committee (MPC) decision, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

73% of businesses fail to conduct credit checks

Thu, 10 Sep 2009 13:33:21 +0100

According to recent reports, 73% of companies in the UK fail to carry out a credit check on new customers. This is the most basic form of protection against bad debt and possible business failure, warns leading business information provider, Equifax.

Energy watchdog must heed all small businesses concerns, says FPB

Wed, 09 Sep 2009 15:53:57 +0100

With less than a week to go before Ofgem’s probe into the energy supply market closes, the Forum of Private Business (FPB) is urging the watchdog to review its initial recommendation not to ban costly rollover contracts.

Recovery arriving quicker than expected but activity will remain weak, says OECD

Fri, 04 Sep 2009 15:15:33 +0100

Recovery from the global recession is likely to arrive earlier than had been expected a few months ago but the pace of activity will remain weak well into next year, according the Organisation for Economic Co-Operation and Development's (OECD) latest Interim Economic Assessment.

Small firms now 'waiting up to four months to be paid'

Wed, 02 Sep 2009 12:58:56 +0100

Small firms are waiting up to four months for invoices to be paid by several big brand names, Federation of Small Businesses (FSB) research has revealed.

Over 5,000 retailers to go out of business next year

Tue, 01 Sep 2009 16:42:59 +0100

The retail sector will dwell in the doldrums for longer than other industries, with the number of business failures rising in 2010, according to the latest Industry Watch report by accountants and business advisors, BDO Stoy Hayward LLP.

GDP growth - Economy contracts by 0.7% in Q2 2009

Fri, 28 Aug 2009 10:57:17 +0100

Gross Domestic Product (GDP) contracted by 0.7 per cent in the second quarter of 2009. This has been revised from a fall of 0.8 per cent in the preliminary estimate of GDP, due to upward revisions to production. GDP is 5.5 per cent lower than the second quarter of 2008.

FPB asks all UK councils and health trusts how long they take to pay suppliers

Fri, 28 Aug 2009 10:52:55 +0100

A small business support and lobby group was this week submitting Freedom of Information Act requests to every single council and health trust in Britain asking how long they take to pay their suppliers. The exercise, which involves contacting more than 700 different organisations, is being carried out by the Forum of Private Business (FPB) and got underway today (Friday, 28 August).

Help Support MCR Run the London Half Marathon and Raise Money for the NSPCC

Fri, 28 Aug 2009 10:46:37 +0100

Andy Stoneman, Paul Clark, Jason Godefroy, Phil Duffy, Paul Williams and Steve Clancy and many other staff of corporate turnaround specialists MCR, will be running the Royal Parks Foundation Half Marathon to raise money for the NSPCC along with clients from HBOS, Eurofactor, GE Capital UK, KBC Bank, Kennedys Law, Wedlake Bell, Berg Legal Osborne Clarke and Kelso Place Asset Management.

Changes in business investment figures from the ONS

Fri, 28 Aug 2009 10:39:46 +0100

Business investment for the second quarter of 2009 is estimated to be 10.4 per cent lower than the previous quarter and 18.4 per cent lower than the same period last year.

Falling business investment heightens long-term threats to the economy

Fri, 28 Aug 2009 10:28:54 +0100

Commenting on the preliminary business investment figures for the second quarter of 2009, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

SMEs can unlock vital funds to survive the recession

Thu, 27 Aug 2009 17:22:59 +0100

Managing cash flow is one of the most demanding aspects of running a business in the current climate, according to more than half of the 2,000 SMEs that participated in a recent survey carried out by Hilton-Baird Financial Solutions on behalf of the Asset Based Finance Association (ABFA).

Services sector recession waning, but profits hit by falling prices

Tue, 25 Aug 2009 12:05:40 +0100

Business levels in the services sector are still below normal, but less so than in the previous three quarters, according to the latest CBI Service Sector Survey. However, downward pressure on profits is being compounded by deflation in the sector.

SMEs could save up to £30k a year just by talking!

Mon, 24 Aug 2009 18:23:42 +0100

Research released today from the annual Barclaycard Commercial Business Travel Survey shows that forty percent of SME employees claim that they do not follow a business travel policy because either there isn’t one (23%); they ignore it (4%); they don’t know if one exists (4%); or, they only follow it on an occasional basis (9%).

Bank of Ireland provides 133mn for Silverfleet's acquisition of Kalle

Thu, 20 Aug 2009 10:04:44 +0100

Bank of Ireland today announces its role as Mandated Lead Arranger and Global Coordinator of a €133 million financing package for the acquisition of Kalle GmbH (“Kalle”) by Silverfleet Capital, subject to anti trust approval in Germany and Russia. The debt financing comprises €113 million of term debt and a €20 million revolving credit facility.

FLA figures show SMEs turn to leasing to prepare for recovery

Tue, 18 Aug 2009 07:41:31 +0100

An increasing number of businesses are taking advantage of operating leasing, according to new asset finance figures published today by the Finance & Leasing Association.

Jail For Slough Businessman Who Cannot Be Trusted

Tue, 18 Aug 2009 07:28:42 +0100

A businessman who ran a recruitment company into the ground, racked up over £750,000 in debt and kept incomplete financial records was sentenced to nine months in prison at Reading Crown Court. He was also banned from running a company for five years.

185,000 UK businesses given more time to pay taxes

Mon, 17 Aug 2009 15:15:29 +0100

Chancellor Alistair Darling will today visit the hub of the HMRC Business Payment Support Service (BPSS) in Cumbernauld, Glasgow to see how the 7-day a week service is performing in its work to support struggling businesses across the UK.

FLA figures show SMEs turn to leasing to prepare for recovery

Mon, 17 Aug 2009 14:47:07 +0100

An increasing number of businesses are taking advantage of operating leasing, according to new asset finance figures published today by the Finance & Leasing Association (FLA).

Dont bank on it Bibby urges start-ups to shop around for funding

Mon, 17 Aug 2009 14:34:05 +0100

Following Darling’s ‘three line whip’ to Britain’s banks over the rising cost of loans to small businesses, leading independent invoice financier Bibby Financial Services, is urging start-up businesses to do their homework when seeking funding and to consider alternatives to traditional bank lending.

Struggling firms freed from rollover telecoms contracts

Thu, 13 Aug 2009 15:19:57 +0100

Business owners have been given a timely boost to help them manage soaring utilities costs in a deal offering freedom from rolling telecoms contracts and the best possible rates.

£3 Million Investment For Tech Firms

Thu, 13 Aug 2009 15:11:26 +0100

Technology firms KeTech and Vamosa are the first to benefit from a government-backed fund providing vital investment to innovative small businesses.

CBI comments on FSAs remuneration code

Wed, 12 Aug 2009 17:55:50 +0100

The CBI today (Wednesday) commented on the Financial Services Authority’s introduction of a remuneration code of practice for large banks, building societies and broker dealers.

'Go online' to win public contracts

Tue, 11 Aug 2009 13:41:26 +0100

The Forum of Private Business (FPB) is advising businesses to go online to maximise their chances of winning public contracts, following the Government’s decision to scrap its policy of charging a maximum of £180 per year to use its supply2.gov.uk portal.

FSB warns against high street banks holding small business monopoly

Mon, 10 Aug 2009 17:20:59 +0100

The Federation of Small Businesses (FSB) is challenging a potential monopoly of power being built up by high street banks over small firms seeking finance, two years after the credit crunch started.

Growth ahead for CIF with new parent company

Mon, 10 Aug 2009 16:32:59 +0100

The UK’s leading independent business funder, Cattles Invoice Finance and Cattles Invoice Finance Oxford (“CIF”), has agreed conditional terms to be acquired from Cattles plc by financial services specialist private equity fund, AnaCap Financial Partners LLP (“AnaCap”), in a deal that values the company at £70 million.

KPMG Business Outlook Survey - Outlook for UK manufacturing improves markedly

Mon, 10 Aug 2009 15:35:53 +0100

Latest data from the KPMG Business Outlook Survey shows a strong rebound in confidence amongst UK manufacturers following the dramatic deterioration recorded in the preceding two surveys.

Lack of lending behind the surge in company closures, says FPB

Fri, 07 Aug 2009 16:33:21 +0100

The Forum of Private Business (FPB) is highlighting a record drop in lending as the main reason behind the increase in company insolvencies, as revealed in new figures published today.

Lack of lending 'behind the surge in company closures'

Fri, 07 Aug 2009 16:14:02 +0100

The Forum of Private Business (FPB) is highlighting a record drop in lending as the main reason behind the increase in company insolvencies, as revealed in new figures published today.

Statistics release: Insolvencies in the second quarter 2009

Fri, 07 Aug 2009 15:34:36 +0100

Statistics showing insolvencies in the second quarter of 2009 are published today (7 August) by the Insolvency Service.

Half of businesses 'considering redundancies'

Fri, 07 Aug 2009 12:05:01 +0100

The latest British Chambers of Commerce (BCC) Monthly Business Survey, published today, reveals the continued threat to the UK labour market, with one in two firms considering or certain to make redundancies over the next 6 months.

Businesses Given Free Access To Thousands Of New Opportunities

Fri, 07 Aug 2009 12:00:22 +0100

Every small business in the UK will now have free access to thousands of lower value government contracts on the Government’s website www.supply2.gov.uk.

Credit managers facing redundancy as credit crunch bites deeper

Wed, 05 Aug 2009 17:12:13 +0100

The Credit Crunch is affecting those credit managers responsible for keeping the cash flowing, according to new research.

Ombudsman - Bad for customers

Tue, 04 Aug 2009 13:31:09 +0100

Customers will be the ultimate losers from an expensive and unnecessary supermarket Ombudsman, said the British Retail Consortium (BRC).

Smaller manufacturers see fall in orders and output easing

Tue, 04 Aug 2009 13:21:00 +0100

The rate of decline in orders and output among the UK’s small and medium-sized manufacturers is slowing, according to the Confederation of British Industry's (CBI) latest quarterly SME Trends Survey. Moreover, medium-sized companies are predicting a return to growth in the next quarter, thanks to an improvement in export orders.

Atradius responds to the recent press release regarding pre packs from the ABI

Mon, 03 Aug 2009 18:32:02 +0100

Shaun Purrington, regional director of Atradius UK and Ireland said: “We feel strongly that further steps need to be taken as a matter of urgency to protect the interests of unsecured creditors during the ‘pre-pack’ process.

ABI Calls on Insolvency Service to improve transparency of pre-pack administrations

Mon, 03 Aug 2009 15:41:31 +0100

The ABI is calling for reforms to the system that regulates ‘pre-pack’ administrations, to give unsecured creditors more protection against business failures.

ifs School of Finance welcomes Treasury Committee recommendation on banking qualifications

Mon, 03 Aug 2009 11:40:51 +0100

The ifs School of Finance has welcomed the report published by the House of Commons Treasury Select Committee today on the Banking Crisis, and in particular it's recommendation that appropriate qualifications should be a core indicator when assessing bank practitioners' competence and suitability for a particular role.

Banking specialist joins Harrison Clark insolvency services team

Fri, 31 Jul 2009 13:22:53 +0100

Harrison Clark has expanded its insolvency services team with the appointment of a senior banking specialist. Jason Newbold joins the firm in the newly created role of Head of Recoveries, in response to increased demand for its services.

BRC urges more bank lending and credit insurance

Fri, 31 Jul 2009 11:40:15 +0100

A third of small and medium-sized (SME) retailers and almost a fifth of large retailers have experienced a reduction in bank lending in the last three months, according to a major business trade body.

63 profit warnings in Q2 2009: picture more complex than numbers suggest

Thu, 30 Jul 2009 09:56:54 +0100

Research released earlier this month by Ernst & Young shows that UK plc issued 63 profit warnings in the second quarter of 2009, a year-on-year drop of 36% and the lowest second quarter since 2003.

Call for businesses to pay fair

Wed, 29 Jul 2009 10:06:41 +0100

Rosie Winterton visited Seevent Plastics near Brighton to highlight the importance of ensuring that companies pay their suppliers promptly, without changing their agreed terms.

Advanced Manufacturing Building Britains Future

Wed, 29 Jul 2009 09:59:32 +0100

A significant package of measures to help UK manufacturers seize the opportunities provided by emerging technologies was launched today by Business Secretary Lord Mandelson.

More Businesses Encouraged To Consider Government-Backed Loan

Tue, 28 Jul 2009 09:41:07 +0100

Business Minister Shriti Vadera today welcomed the Business and Enterprise Select Committee report on the Enterprise Finance Guarantee (EFG), which has seen thousands of businesses benefit from the government guaranteed loan.

FPB calls for case-by-case bank lending to help struggling small businesses

Mon, 27 Jul 2009 15:51:43 +0100

A business support and lobby group today welcomed the Chancellor’s meeting with the British Bankers’ Association over a shortage in lending to recession-hit small firms.

June '09 small business figures for the high street banks

Mon, 27 Jul 2009 10:02:47 +0100

Lending to small businesses rose by £391 million in June, whilst almost 50,000 new small business banking relationships were established. Deposits from small business grew by £577 million.

Statistics from the Office of National Statistics

Fri, 24 Jul 2009 17:24:01 +0100

Statistics from the Office of National Statistics (ONS) show that Gross Domestic Product (GDP) decreased by 0.8 per cent in the second quarter of 2009, compared with a decrease of 2.4 per cent in the first quarter.

More Businesses Encouraged To Consider Government-Backed Loan

Fri, 24 Jul 2009 16:59:52 +0100

Enterprise Finance Guarantee scheme falls short, says FLA

Fri, 24 Jul 2009 12:27:30 +0100

Commenting on today’s report by the Business and Enterprise Committee report on the Enterprise Finance Guarantee scheme, Julian Rose, Head of Asset Finance at the Finance & Leasing Association, said:

Contraction in manufacturing is easing, but return to growth could be distant - CBI

Wed, 22 Jul 2009 19:26:17 +0100

The contraction in manufacturing output is easing, but a return to growth could still be some way off, the latest quarterly CBI Industrial Trends Survey shows.

Leading restaurant, pub and bar groups see sales ahead 0.4% in June

Wed, 22 Jul 2009 19:12:25 +0100

Britain’s leading restaurant and pub operators are continuing to hold their own despite tough trading conditions. Aggregated figures from 13 major groups show that like-for-like sales in June were ahead 0.4% on the same month last year.

Thomas Eggar LLP advises C & C Marshall Ltd on sale

Wed, 22 Jul 2009 18:01:51 +0100

Leading Southern law firm Thomas Eggar LLP continues to demonstrate its capabilities in the manufacturing sector with the announcement that it has advised C & C Marshall on the sale of its business and assets relating to drainage and rainwater products. The sale stemmed from a strategic realignment by C & C Marshall to enable it to concentrate on its key product range and future growth opportunities.

LPM delivers outsource to in-source solution for MAN Financial Services

Wed, 22 Jul 2009 17:57:09 +0100

The credit crunch has certainly made it more difficult for expanding businesses to get finance from traditional sources. However, this situation has also provided opportunities for companies with access to capital to establish their own captive leasing operations and in doing so enter new markets or better manage their own growth.

R3 welcomes Calman commission call to change Insolvency Laws without delay

Fri, 17 Jul 2009 17:17:38 +0100

R3, the insolvency trade body, has welcomed the Calman Commission’s call to clean-up company insolvency law in Scotland by re-reserving all power on the issue to Westminster. And it strongly backed the Calman conclusions that changes should be made ‘with a minimum of delay.’

Deeper cost-cutting on the cards as firms look to make sustainable change

Fri, 17 Jul 2009 15:33:39 +0100

Companies are planning further cuts of up to 25 per cent in the next couple of years, having already done the ‘easy bit’ by trimming costs and curbing discretionary expenditure, according to a survey by CFO Europe Research Services for KPMG.

FPB urges Competition Commission to help small retailers, not just the big four

Fri, 17 Jul 2009 15:28:11 +0100

A business support and lobby group today urged the Competition Commission to consider the plight of Britain’s small retailers, instead of the major supermarkets.

Up to 40,000 small businesses to be hit by new accountancy rules

Thu, 16 Jul 2009 16:26:28 +0100

Hundreds of thousands of UK small businesses will be affected by new accountancy rules for leasing if proposals in a discussion paper by the International Accountancy Standards Board are adopted. According to a joint response by the Forum of Private Business (FPB) and the Finance & Leasing Association (FLA), the impact on small businesses has been ignored.

CC sets out case for competition test for grocery retailers

Thu, 16 Jul 2009 16:14:55 +0100

The competition test for grocery retailers will bring lasting benefits for consumers, the Competition Commission (CC) has provisionally concluded in a report published today.

Inconsistent bank lending practices inhibits SME access to finance

Thu, 16 Jul 2009 16:12:41 +0100

Banks need to be more consistent and transparent in their relationships with small and medium sized businesses (SMEs), according to new research by the Institute of Chartered Accountants In England and Wales (ICAEW). Differences in both lending decisions and relationships between bank managers and their head offices are having an adverse affect on small businesses when applying for finance.

Mortgage Brain adds ClearStart Partnerships to platform

Thu, 16 Jul 2009 16:01:12 +0100

ClearStart Partnerships, the UK’s leading supplier of B2B debt solutions is partnering with Mortgage Brain, the market leading technology solutions provider, enabling intermediaries to gain free access to the complete range of debt solutions as a way of assisting their clients who are struggling with debt and who are unable to refinance, plus as a viable alternative revenue stream.

British business future lies with engaging its employees

Thu, 16 Jul 2009 15:52:11 +0100

Involving employees fully in the future of the firms they work for will be a key step if businesses are to innovate and take advantage of new opportunities, an independent review announced today.

Grim unemployment figures set to rise further - CBI

Wed, 15 Jul 2009 15:09:23 +0100

Commenting on today’s figures showing that unemployment has hit 2.38 million, the highest since 1995, Katja Hall, Director of Employment Policy, at the Conferderation of British Indusrty (CBI), said:

May 09 small business figures for the high street banks

Wed, 15 Jul 2009 14:58:41 +0100

New figures released today by the British Bankers Association (BBA), show that high street banks' lending to small businesses rose by £153 million in May and deposits increased by £250 million.

Bibby bolsters management team in Yorkshire and the North East

Mon, 13 Jul 2009 17:35:06 +0100

Leading invoice finance provider, Bibby Financial Services, has strengthened its team in the north of England by appointing Mark Storey as managing director for Yorkshire and the North East.

Cattles Invoice Finance expands South West team

Fri, 10 Jul 2009 09:12:44 +0100

Cattles Invoice Finance (CIF) has strengthened its Thames Valley and South West service offering with the appointment of Martin Bennison to the position of regional head of sales.

MPs debate FPB research on red tape affecting small firms

Thu, 09 Jul 2009 15:06:57 +0100

A Westminster committee this week responded to the FPB’s research into red tape as part of a review of Government legislation.

FSB takes Keep Trade Local campaign to Number 10

Thu, 09 Jul 2009 15:04:44 +0100

The Federation of Small Businesses (FSB) today hands over its national Keep Trade Local (KTL) petition to Number 10, Downing Street. FSB National Chairman, John Wright will hand over the petition which received over 55,000 signatures.

Index of Production - May 2009 - ONS

Tue, 07 Jul 2009 11:52:05 +0100

Figures just released by the Office of National Statistics (ONS) show that, in the three months to May 2009, the seasonally adjusted chained volume index for the output of the production industries decreased by 1.8 per cent compared with the previous three months.

PwC comment on Graduate job prospects / AGR Winter Survey

Mon, 06 Jul 2009 17:17:17 +0100

PricewaterhouseCoopers LLP, the UK 's top graduate employer, comments on the Association of Graduate Recruiters Winter Survey results reporting that graduate vacancies have plummeted by 24.9% in the latest recruitment round, approaching levels not seen since the last recession in 1991. The firm has maintained graduate recruitment levels at around 1000 for the past three years.

Latest corporate insolvency figures show steep drop

Fri, 03 Jul 2009 17:41:24 +0100

Monthly corporate insolvency figures from KPMG show a substantial drop in the number of companies going into administration.

Strategic recruitment to strengthen SEB Cash Management in Germany

Thu, 02 Jul 2009 18:22:55 +0100

Manfred Fleckenstein, a well-known senior transaction banking professional in the German market, will join SEB Cash Management on 1 September as head of CM Advisory Germany.

Crown appointed to manage £1 billion commercial property portfolio

Wed, 01 Jul 2009 12:18:10 +0100

Crown Mortgage Management has been called under standby to service a £1 billion securitized commercial property portfolio of small and medium sized loans. The appointment is the first time a ‘standby servicer’ has ever been called upon to take over a commercial or residential portfolio in the UK.

How does your jurisdiction rank for international dispute resolution?

Tue, 30 Jun 2009 22:07:40 +0100

As dispute resolution becomes ever more international, new research by European and international law firm Taylor Wessing LLP provides a comprehensive assessment of current trends and attitudes in the sector.

Two new Partners at corporate restructuring specialists MCR

Tue, 30 Jun 2009 19:18:29 +0100

MCR, the corporate restructuring and insolvency specialist, has appointed two new partners with effect from 1 July 2009 in a move that aims to strengthen further the firm’s mid-market and large corporate offering.

ABI reaction to draft Financial Services and Business Bill

Mon, 29 Jun 2009 17:41:55 +0100

Responding to details of the draft Financial Services and Business Bill, Peter Vipond, the Association of British Insurers' (ABI) Director of Financial Regulation, said:

Prepare for success with lenders, says business group ahead of summit on finance

Mon, 29 Jun 2009 15:36:16 +0100

Amid calls for the Government to replace its temporary lending guarantees with a long-term plan to secure finance for the future, the Forum of Private Business (FPB) is working to help small businesses access the funding they need.

Code of practice on tax for banks

Mon, 29 Jun 2009 13:10:47 +0100

The Government today published a consultation document on a code of practice on tax for banks. The code sets out the behaviours the Government expects from banks in the management of their tax affairs and in their relationship with HMRC, including governance, tax planning and the relationship between banks and HMRC.

New proposals for businesses are unlikely to result in significant adminstration reductions

Thu, 25 Jun 2009 12:50:43 +0100

The Insolvency Service is consulting on two important measures that will offer additional financial help to large and medium-sized companies facing difficulties. These companies will be given more time and space while they seek legally binding Company Voluntary Agreements (CVAs) with their creditors.

Recession lengthens the working day

Wed, 24 Jun 2009 11:12:31 +0100

The economic downturn is making people work harder, according to a survey conducted by international recruitment consultancy Robert Walters.

Best of UK Businesses Make the Final of MX09

Fri, 19 Jun 2009 16:08:40 +0100

The world’s economy may have slowed down but some British businesses are battling through the downturn and have reached the final of the Institution of Mechanical Engineers’ Manufacturing Excellence Awards 2009 (MX09).

Manufacturing conditions remain tough as exports orders weaken - CBI

Fri, 19 Jun 2009 11:02:20 +0100

Manufacturers experienced another challenging month as overseas demand for UK-made goods weakened again, according to the CBI’s latest monthly survey.

Putting a price on privacy protection

Fri, 19 Jun 2009 10:27:11 +0100

The Information Commissioner’s Office (ICO) is inviting interested parties to bid to undertake a three-month research project with the aim of developing a sound business case to persuade organisations to invest in proactive privacy protection.

Small business group launches www.smallbusinesschannel.co.uk

Fri, 19 Jun 2009 10:15:04 +0100

Business owners are benefitting from the most comprehensive resource of recorded information and support available on the web, courtesy of the Forum of Private Business (FPB) and GuruOnline. From bank lending to business development, entrepreneurs are now able to view 2,000 short videos of experts offering essential advice to help them beat the downturn.

HML appoints new director of client relations

Fri, 19 Jun 2009 09:41:10 +0100

HML has announced the appointment of Martin Frazer as Director of Client Relations from 17 June, following the appointment of Jeff Quilter as Director of Strategy.

HML announces new executive team structure

Wed, 17 Jun 2009 18:54:53 +0100

HML, the financial outsourcing provider and subsidiary of Skipton Group, has announced it has restructured its executive team. The move comes in the wake of a number of key strategic developments including the acquisition of integration of Baseline Capital and the announcement HML is to integrate with former Scarborough Building Society subsidiary SMS.

Cash flow key to unlock UK business investment

Wed, 17 Jun 2009 18:49:47 +0100

Although a potential end to the recession may be in sight, times could remain stormy for UK businesses for some time according to the CBI. With that in mind, leading independent financier Bibby Financial Services is urging businesses to consider their cashflow options now to ensure they have the opportunity to grow once the financial forecast improves somewhat.

R3 welcomes Calman commission call to change Insolvency Laws without delay

Tue, 16 Jun 2009 18:13:40 +0100

Inflation risks can only be dealt with after the recession ends

Tue, 16 Jun 2009 17:53:04 +0100

Commenting on the May inflation figures published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Monetary Policy Committee: appointment of Adam Posen to the MPC

Tue, 16 Jun 2009 17:51:00 +0100

The Chancellor today announced that Adam Posen has been appointed to succeed Tim Besley as an external member on the Monetary Policy Committee (MPC). The appointment, which was made in accordance with the new process for external MPC appointments announced by the Chancellor in June 2008, will take effect on 1 September 2009.

Banks stress need for international cooperation on reform

Mon, 15 Jun 2009 15:11:30 +0100

Proposed reform of UK banking regulation needs more work and must take account of how British financial services interact with global markets the British Bankers’ Association [BBA] said today.

New Insurance Sector Director at the FSA

Mon, 15 Jun 2009 12:43:42 +0100

The Financial Services Authority (FSA) today announced the appointment of Ken Hogg, currently interim Chief Financial Officer at MGM Assurance, as Insurance Sector director.

HSBC sells its 49 per cent stake in HSBC Merchant Services

Fri, 12 Jun 2009 16:29:01 +0100

HSBC Bank plc has sold its 49 per cent holding in HSBC Merchant Services LLP (HMS), the card processing joint venture that serves its UK business clients, to its partner in the venture, Global Payments Inc., for a consideration of US$307.7 million in cash.

Barclays comment on the Office of National Statistics (ONS) manufacturing figures for April 2009

Wed, 10 Jun 2009 15:25:37 +0100

Graeme Allinson, Head of Manufacturing, Transport and Logistics at Barclays Commercial Bank, said:

Hilton-Baird bridges the funding gap for BLOODHOUND SSC land speed record project

Tue, 09 Jun 2009 16:01:50 +0100

Leading independent financial services provider Hilton-Baird Financial Solutions has helped keep Richard Noble’s latest world land speed record project on track after securing new short-term funding.

Opal ready to step into breach following keydata administration

Tue, 09 Jun 2009 15:57:48 +0100

OPAL, the UK’s largest provider of structured product services and administration to investment companies, banks, building societies and other third parties, has contacted PWC and other major structured product providers to offer ongoing support for all portfolios following KeyData being placed into administration.

National lobby group appoints Bollington businessman as director

Tue, 09 Jun 2009 15:10:25 +0100

The Forum of Private Business (FPB) has appointed Howard Jackson as a non-executive director. Howard is the Managing Director of HCSS Education – based in Bollington, Cheshire – which helps schools and local authorities to manage their finances.

April 09 small business figures for the high street banks

Tue, 09 Jun 2009 13:02:03 +0100

Lending to small businesses by the high street banks rose by £287 million in April and there were over 48,000 new small businesses banking relationships established. Deposits from small businesses rose by £119 million.

FSB welcomes appointment of Sir Alan Sugar as Enterprise Champion

Mon, 08 Jun 2009 16:14:59 +0100

The Federation of Small Businesses (FSB) is celebrating victory with the Government's introduction of an Enterprise Champion – in the form of respected businessman Sir Alan Sugar.

BCC and UKTI chiefs in joint drive to get more British businesses exporting

Mon, 08 Jun 2009 16:08:16 +0100

Two of the UK’s foremost international trade advocates have joined forces to encourage more British businesses to rediscover their mercantile spirit during the recession.

Venture Finance increases London presence

Mon, 08 Jun 2009 15:12:54 +0100

Leading Invoice and Assed Based Lender Venture Finance today announces the appointment of Paul Levy as Business Development Manager to its London office.

Credit insurance scheme 'doesn't hit the mark'

Fri, 05 Jun 2009 16:18:57 +0100

The Government’s proposed credit insurance scheme for small businesses falls well short of the mark according to Bibby Financial Services.

BCC and Government form partnership to promote World Trade Week

Wed, 03 Jun 2009 08:17:48 +0100

Ahead of World Trade Week UK on June 8th, the British Chambers of Commerce (BCC) has teamed up with the Department for Business Enterprise and Regulatory Reform (BERR) and the Department for International Development (DFID) to help promote the benefits of global trade.

Accountants report 'bad debt epidemic' - Survey reveals scale of problem faced by UK businesses

Mon, 01 Jun 2009 15:19:25 +0100

Research commissioned by premier Invoice and Asset Based Lender (ABL), Venture Finance has revealed the overwhelming scale of bad debt being suffered by UK businesses at the front-line of the recession.

60,000 Tax Arrears Ticking Time Bombs

Mon, 01 Jun 2009 14:55:15 +0100

Over 60,000 companies have agreed 'time to pay' tax arrangements with HMRC since the Business Payment Support Service (BPSS) was launched late last year.

Micro businesses must have a designated Small Business Sector Skills Council

Fri, 29 May 2009 13:36:19 +0100

The UK's smallest businesses – which make up the majority of the workforce – must be given their own Small Business Sector Skills Council that will focus on the needs of micro-firms, according to the Federation of Small Businesses (FSB).

New credit show for Scotland

Fri, 29 May 2009 13:30:17 +0100

Scotland’s leading exhibition organiser, QD Events, has launched a new trade show for the credit industry, Credit Show Scotland. The show, the first of its kind in Scotland, will take place at the SECC, Glasgow on March 23 2010.

Retail trading conditions remain tough as sales fall CBI

Thu, 28 May 2009 16:43:25 +0100

Retail sales fell again in the year to May, following a brief pause in April, the CBI said today. This month’s decline in sales was in line with retailers’ expectations and, other than in April, was the least negative result in nearly a year.

Holiday in the UK to 'boost small businesses and the economy'

Thu, 28 May 2009 16:01:08 +0100

The Forum of Private Business (FPB) is campaigning to promote tourism in the UK by encouraging cash-strapped holiday-makers to explore the diversity available on their doorsteps this summer.

Graduates and school leavers set to sweat over job prospects in this summers tight labour market

Wed, 27 May 2009 12:08:51 +0100

The latest CIPD/KPMG Labour Market Outlook report highlights a jobs market sure to strike fear into school-leavers and graduates taking first steps into the jobs market. The labour market outlook looks set to be fraught for all young people, with nearly half (45%) of UK companies not planning to recruit from either of these groups.

European Burdens Barometer reveals staggering cost of red tape on business

Wed, 27 May 2009 11:51:17 +0100

Research published today by Eurochambres, the representative body for Chambers of Commerce across Europe, has revealed that the cumulative cost of red tape on Europe’s businesses over the last 11 years amounts to a staggering €1 trillion. Similarly, estimates of the annual cost of all EU regulations are in excess of 12 per cent of EU GDP.

Improvements in bank lending for some small firms boosting business confidence

Fri, 22 May 2009 13:21:52 +0100

The Forum of Private Business (FPB) is helping small firms to maximise signs that business confidence is slowly returning despite falling sales, late payments and spiralling costs.

BBA LIBOR: the worlds most important number now tweets daily

Fri, 22 May 2009 10:12:44 +0100

The benchmark for an estimated $350 trillion worth of financial contracts worldwide is now using the online messaging service Twitter to provide daily updates to borrowers.

Manufacturing investment suffers in Q1, says FLA

Thu, 21 May 2009 12:20:41 +0100

In the first quarter of 2009 most categories of asset finance saw a drop in business from the levels seen last year. Finance for plant and machinery fell by 44 per cent, reflecting the impact of the recession on UK manufacturing.

Aons Susan Ross appointed chair of British Exporters Association

Wed, 20 May 2009 07:48:09 +0100

Susan Ross, director of Aon Trade Credit, has been appointed chair of the British Exporters Association (BExA) after three years as deputy-chair. She succeeds Richard Hill of BAE Systems in the position.

BCC launches European manifesto

Mon, 18 May 2009 17:17:16 +0100

The British Chambers of Commerce (BCC) has today published its European manifesto ahead of the EU Parliamentary elections on June 4.

2009 World Credit Congress and Exhibition to be Held in Dublin

Thu, 14 May 2009 09:10:02 +0100

Dublin, Ireland has been chosen to host the 2nd World Credit Congress & Exhibition (WCCE). The WCCE is primarily the platform for the exchange of ideas, knowledge, research, as well as being a forum for interaction between national and international credit professionals, risk management professionals, CEOs and business owners who are involved in or concerned with the function of credit collections.

Raphaels Bank appoints new CEO

Thu, 14 May 2009 09:07:56 +0100

Miles Roberts, formerly Managing Director of specialist motor finance company, Southern Finance, has been appointed as the new CEO for Southern Finance’s sister company, R Raphael & Sons plc.

More FTSE 100 companies sign up to Prompt Payment Code

Wed, 13 May 2009 18:21:25 +0100

The FPB is welcoming the commitment of an additional 19 FTSE 100 listed companies to sign up to the Government's Prompt Payment Code following today's meeting of business representatives and officials from the Department of Business, Enterprise and Regulatory Reform (BERR).

Fox joins Else to be head of property

Wed, 13 May 2009 16:14:31 +0100

A leading Staffordshire commercial property lawyer has joined Else Commercial Solicitors as head of property.

FSB Calls on European Election Candidates to Think Small First

Mon, 11 May 2009 16:32:51 +0100

The Federation of Small Businesses (FSB) is calling on candidates in the European Elections to Think Small First and to remember that small businesses have a vital role to play in reversing economic meltdown and tackling climate change.

Sign up to Prompt Payment Code, another big business is named and shamed

Fri, 08 May 2009 15:42:12 +0100

Following the re-entry of the retail giant Argos into its Late Payment Hall of Shame, four years after its first appearance, the Forum of Private Business (FPB) is urging the UK's biggest businesses to sign up to the Government's Prompt Payment Code.

State Street passes stress test

Fri, 08 May 2009 12:04:59 +0100

State Street Corporation today announced that the Board of Governors of the Federal Reserve System has determined that, under the stress test administered under The Supervisory Capital Assessment Program (SCAP), State Street does not need additional capital.

Report sets out vision for UK financial services sector

Thu, 07 May 2009 12:20:29 +0100

A reformed financial services sector will play an important role in Britain's economic recovery, according to a report published today by the Financial Services Global Competitiveness Group, co-chaired by the Chancellor Alistair Darling and former Citi Chairman Sir Win Bischoff.

Bank of England needs to go further with its quantitative easing programme

Wed, 06 May 2009 16:21:43 +0100

In advance of the Bank of England’s Monetary Policy Committee (MPC) announcement on interest rates tomorrow (7 May), John Hawksworth, head of macroeconomics, PricewaterhouseCoopers LLP, said:

Asia's growth prospects exceed Western growth

Wed, 06 May 2009 09:29:56 +0100

ING Investment Management (IM) is convinced the Asian region has the strongest baseline position for world economic growth. ING IM believes Asian emerging markets will produce the strongest growth with high population growth and the proximity of major economic powers (China and India) as major supports. Asia accounts for the majority of the real gross domestic product of all emerging economies (around 61%).

Lending restrictions limit benefit of enhanced capital allowances for small businesses

Tue, 05 May 2009 15:39:45 +0100

The Forum of Private Business (FPB) is joining the Finance and Leasing Association (FLA) in pointing out that, despite the Government’s claims, increasing capital allowances in the Budget to encourage investment will not significantly benefit small businesses.

Crown Mortgage Management receives backing from global real estate manager Forum Partners

Tue, 05 May 2009 15:27:05 +0100

Forum Partners, a leading global real estate investment management firm, today announced it has completed an investment in the Crown group of companies and Crown Mortgage Management, an independent provider of mortgage management services.

Government's trade credit insurance top up scheme goes live

Fri, 01 May 2009 12:03:33 +0100

Firms suffering from a reduction in credit insurance will from today be able to purchase up to six months top-up cover as part of the Government's trade credit insurance scheme, announced in last week's Budget.

Report of the proceedings of the Channel Finance Summit

Thu, 30 Apr 2009 18:12:32 +0100

The Professional Computing Association has over 700 members which includes vendors, distributors, resellers and other channel partners & service providers. P&A Receivables plc provides a wide range of financial services in a variety of markets.

UK welcomes progress by Isle of Man on Tax Information Exchange

Thu, 30 Apr 2009 15:49:24 +0100

The United Kingdom welcomes the Isle of Man’s recognition by the Organisation for Economic Co-operation and Development (OECD) as a jurisdiction that has substantially implemented the internationally agreed standard on exchange of information in tax matters and on its ongoing progress in signing Tax Information Exchange Agreements (TIEAs).

PwC research shows UK insolvencies continue to rise

Thu, 30 Apr 2009 13:18:58 +0100

5,483 organisations became insolvent in the first three months of 2009, trustees in sectors hit hardest by the recession, including manufacturing, retail and construction, face particular challenges.

UK protects working time opt out

Tue, 28 Apr 2009 15:58:20 +0100

Talks on the EU Working Time Directive have broken down without agreement being reached. The collapse sees the end of the European Parliament's proposal to phase out the opt-out in three years. The UK and other countries have consistently held firm against this proposal.

Real help with lending and advice for local businesses

Mon, 27 Apr 2009 16:42:24 +0100

Business Minister Shriti Vadera today urged local companies to take advantage of Government-backed support on offer to help them through the economic downturn, at a regional lending roadshow held in Birmingham.

Navigating employment law a major problem for UKs small firms

Mon, 27 Apr 2009 13:02:42 +0100

Navigating a mass of employment law is a major problem for the UK’s smallest firms, with nearly half having faced difficulties working with the legislation, according to new research from the British Chambers of Commerce (BCC).

FSB reaction to the Chancellor's 2009 Budget

Fri, 24 Apr 2009 18:06:11 +0100

The Federation of Small Businesses (FSB) today warned that the Chancellor's budget largely ignored the small businesses that are at the heart of job creation and economic recovery.

Small businesses losing faith in Government following 2009 Budget

Fri, 24 Apr 2009 18:00:16 +0100

Research carried out by the Forum of Private Business (FPB) following the 2009 Budget suggests that owners of smaller firms are losing faith in the Government.

GDP Growth - UK output decreases by 1.9%

Fri, 24 Apr 2009 12:30:02 +0100

According to latest figures from the Office of National Statistics (ONS) the UK Gross Domestic Product (GDP) contracted by 1.9 per cent in the first quarter of 2009, compared with a decrease of 1.6 per cent in the fourth quarter. The increased rate of decline in output was due to weaker services and production output.

Government announces trade credit insurance cover for business

Fri, 24 Apr 2009 09:39:55 +0100

Business Secretary Lord Mandelson today launched a scheme providing up to £5bn of additional trade credit insurance to businesses who have suffered reductions in their level of cover.

Football club relegated after administration

Fri, 24 Apr 2009 09:36:58 +0100

Southampton FC were effectively relegated from the Championship (second division) on Thursday when the Football League docked the club 10 points for going into administration earlier this month.

R3 welcomes Budgets support of business rescue culture

Thu, 23 Apr 2009 18:19:26 +0100

R3, the insolvency trade body welcomed yesterdays Budget announcement that the Government’s insolvency service will be consulting on company rescue procedures, and introducing a new report on pre-pack administrations.

Incentives for investors must be back by support for businesses and consumer lenders

Wed, 22 Apr 2009 18:08:30 +0100

Today’s Budget recognises that incentives for business and personal investment can help lift the UK out of recession. But many businesses can only access capital allowances via leasing, and the Budget does nothing to make this easier.

Budget will do little to help small businesses, says business lobby group

Wed, 22 Apr 2009 18:02:53 +0100

The 2009 Budget will provide little support for small businesses to survive and grow, the Forum of Private Business (FPB) is warning.

Bridge Business Recovery set for expansion in Kent following key appointment

Wed, 22 Apr 2009 17:54:02 +0100

Insolvency experts Bridge Business Recovery LLP are aiming to become the leading business turnaround specialists in Kent after appointing a new Partner in Tunbridge Wells earlier this month.

Now is the time to start moving the UK economy from survival mode to recovery

Tue, 21 Apr 2009 13:33:37 +0100

With the Chancellor of the Exchequer due to give his Budget speech tomorrow, Barry Marshall, UK head of tax at PricewaterhouseCoopers LLP, is urging Alistair Darling to provide a clear vision of how the tax system is going to help rebuild the UK economy and emerge from recession in a strong, competitive and sustainable position.

Modify Working Tax Credits to subsidise short-time working

Mon, 20 Apr 2009 15:56:26 +0100

The Forum of Private Business (FPB) is urging the Government to help small firms control employment costs yet retain key staff by modifying the existing Working Tax Credits Scheme (WTC) in support of reduced working hours.

Rapid growth in online finance marketplace reported

Mon, 20 Apr 2009 13:01:58 +0100

Smartfundit.com, the world’s first online business finance marketplace, today announced that the level of demand for financing through its online platform rose to a total of £20 million in March, up from £3.1 million in January.

Go-between needed to 'reconnect banks and business'

Fri, 17 Apr 2009 12:02:25 +0100

Small businesses need a go-between to help rebuild ailing relationships with the banks and revive the flagging economy, latest figures from the Federation of Small Businesses (FSB) show.

Firstsource restructures its leadership team

Fri, 17 Apr 2009 11:58:36 +0100

Firstsource Solutions, a leading global provider of business process outsourcing (BPO) services, has announced the restructuring of its leadership team, to consolidate the company’s position in its key vertical sectors of Banking, Financial Services & Insurance (BFSI), Telecommunications & Media, and Healthcare.

Small signs of recovery 'must be nurtured' in 2009 Budget

Thu, 16 Apr 2009 16:30:32 +0100

Following research showing some small businesses are beginning to experience an improvement in market conditions and the availability of credit, the Forum of Private Business (FPB) is urging the Government to put in place a strategy in next week’s Budget to nurture economic recovery by boosting business and consumer confidence.

Support required now for more small businesses to win government contracts

Thu, 16 Apr 2009 14:57:43 +0100

Proposals designed to help more small businesses win government contracts should be prioritised in the forthcoming Budget, the Forum of Private Business (FPB) is arguing.

Year on year business failures increase by 35%

Thu, 16 Apr 2009 11:43:01 +0100

Leading business information provider, Equifax, has released its Business Failures Report for the first quarter of 2009. The comparison with the same period in 2008 is stark with an overall increase in businesses going bust of 35%.

Small firms must be given fairer opportunity to access public contracts

Thu, 16 Apr 2009 11:36:52 +0100

The All Party Parliamentary Small Business Group has published its report into SME access to public procurement. Commenting, David Frost, Director General of the British Chambers of Commerce (BCC), said:

Real help with lending and advice for local businesses

Tue, 14 Apr 2009 16:32:05 +0100

Business Minister Ian Pearson today urged local companies to take advantage of Government-backed support on offer to help them through the economic downturn, at a regional lending roadshow in Greater Manchester.

Art displays not answer to empty shops

Tue, 14 Apr 2009 16:15:19 +0100

The way to prevent ‘high streets becoming ghost towns' is to remove burdens and help retailers survive in them, continuing to provide jobs and services.

Governments high street plan laudable but fails to address fundamental problem

Tue, 14 Apr 2009 16:07:11 +0100

The government has today announced plans which it hopes will prevent high streets turning into ghost towns. The plans include using empty shops as art galleries and cafes.

Debt denial - two thirds of those with major financial problems are not seeking advice

Thu, 09 Apr 2009 16:23:42 +0100

R3, the insolvency trade body, is concerned that those with financial problems do not think they ‘need’ debt advice, while those that do seek advice are not always going to the right places for it. Last month the OFT told 11 financial management businesses to close down websites that ‘looked like’ governmental or charity advice sites.

Give small businesses a break this Easter

Thu, 09 Apr 2009 10:40:41 +0100

As the nation prepares for the Easter Bank Holiday break many struggling small business owners will be considering Northern Ireland or Wales as an ideal destination not just for a break but a relief from the increasing costs of business rates.

Commission fights late payments

Wed, 08 Apr 2009 17:41:51 +0100

Despite some improvements during the past years, late payments in commercial transactions between companies or between businesses and public authorities still happen in the EU.

Government urged to increase scrutiny of banks lending to small businesses

Wed, 08 Apr 2009 17:01:22 +0100

Business owners struggling to access finance from major lenders are sceptical about support from the Government, despite its commitment to scrutinise the behaviour of banks via its Small Business Lending Monitoring Panel.

Hitachi Consulting acquires UK IT consulting firm

Wed, 08 Apr 2009 11:38:55 +0100

Hitachi Consulting, the global business and IT consulting company of Hitachi Ltd., today announced that it has acquired Edenbrook Ltd., a United Kingdom-based IT consulting firm which specialises in delivering Microsoft and Oracle solutions. Edenbrook’s client base includes Virgin Media, easyJet, BUPA, Lloyds TSB and Whitbread.

FLA calls for chancellor to "get Britain lending"

Wed, 08 Apr 2009 11:31:16 +0100

In its Budget Submission to the Chancellor the Finance & Leasing Association (FLA) has proposed an extension of capital allowances for SMEs.

Government 'must take action' to save vital rural firms in April's Budget

Wed, 08 Apr 2009 11:04:03 +0100

Rural businesses continue to struggle in the recession with over eight in ten seeing costs rise and nearly half seeing a decrease in trade, a Federation of Small Businesses (FSB) poll reveals.

BCC welcomes EIB lending package for car industry

Wed, 08 Apr 2009 10:56:28 +0100

Commenting on the announcement that the European Investment Bank (EIB) is to provide loan guarantees to Jaguar Land Rover and Nissan, David Frost, Director General of the British Chambers of Commerce (BCC), said:

Pace of service sector decline appears to be slowing

Tue, 07 Apr 2009 16:37:56 +0100

The results of the Quarter 1, 2009 British Chambers of Commerce Economic Survey confirm that the UK recession is still very serious, and is likely to continue for some time.

IoD response flexible working

Tue, 07 Apr 2009 16:35:58 +0100

Commenting on new flexible working legislation, Alistair Tebbit, Head of Employment Policy at the Institute of Directors (IoD) said:

Government must help small businesses retain staff as well as recruit

Mon, 06 Apr 2009 18:36:03 +0100

Subsidies for companies recruiting and training extra staff will not go far enough to protect employees and small businesses hit by the recession, the Forum of Private Business (FPB) is warning.

Quantitative strategy must be clearer and more forceful

Mon, 06 Apr 2009 18:31:05 +0100

Commenting on the choices facing the MPC at its April meeting next Thursday, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Firms suggest credit crunch 'maybe becoming less severe'

Mon, 06 Apr 2009 15:21:24 +0100

There are signs that the credit crunch may have become less severe for some businesses, according to the latest CBI figures recently published.

Business confidence 'remains weak'

Mon, 06 Apr 2009 15:17:39 +0100

Confidence amongst British businesses remained weak in March, despite a slight increase in firms’ optimism over activity levels, according to the latest Lloyds TSB Corporate Markets Business Barometer.

The average UK house price declined by 1.9% in March

Fri, 03 Apr 2009 16:03:51 +0100

According to the Halifax House Price Index March 2009, house prices declined by 1.9% in March which was lower than February's 2.3% fall: the UK average price has returned to where it was in May 2004 (£157,326).

February 09 small business figures for the high street banks

Fri, 03 Apr 2009 15:49:34 +0100

The latest BBA statistics show that the high street banks' lending to small businesses increased by £211 million in February, similar to the rise recorded in January.

PwC welcomes the measures announced by the G20

Fri, 03 Apr 2009 15:45:27 +0100

John Tattersall, chairman of the UK financial services regulatory practice, PricewaterhouseCoopers LLP, said: "The G20 communiqué is a significant achievement though inevitably a compromise.

Nearly Half of Businesses Failing to Adapt Decision Making to Downturn Industries

Fri, 03 Apr 2009 15:27:04 +0100

Despite the dramatically different and fast changing economic environment in which businesses are now operating, 45 percent of business directors appear to be adopting a head in the sand approach, failing to make strategic changes to their decision making and continuing to pursue the same options for their organisation as they were 12 months ago, according to KPMG research.

British business forced to 'abandon the banks'

Thu, 02 Apr 2009 16:40:18 +0100

Research commissioned by premier Invoice and Asset Based Lender (ABL), Venture Finance has revealed that the number of business clients being refused finance by traditional lenders this year has almost tripled.

BRC welcomes Mastercard scheme fee decision

Thu, 02 Apr 2009 16:32:11 +0100

MasterCard's decision to drop its scheme fees was welcomed by the British Retail Consortium (BRC), who are now urging the banks to pass on the full savings.

Government moves on business rate bills

Wed, 01 Apr 2009 16:42:29 +0100

Following FSB pressure, Chancellor Alistair Darling has scrapped plans to increase business rates by 5 per cent in April, instead limiting the hike to 2 per cent.

Businesses given more time to pay business rates

Wed, 01 Apr 2009 14:55:12 +0100

Businesses will be able spread payment of this year’s inflation up-rating to Business Rates over three years, under new legislation announced by the Government today.

Freeze fuel duty to save small businesses from spiralling costs

Tue, 31 Mar 2009 23:05:11 +0100

Struggling small businesses will be hit by a 6% increase in the cost of fuel in less than 18 months, the Forum of Private Business (FPB) is warning. Following today’s 2p rise in fuel duty, the FPB is calling on the Government to freeze a further increase planned for 2010 in its upcoming Budget, which will be announced on 22 April 2009, in order to ease the cost burden on businesses threatened by closure.

MCR appointed Administrators for toiletries wholesaler and distributor

Tue, 31 Mar 2009 14:30:21 +0100

MCR has announced that Vitality Group Limited, the largest independent toiletries wholesaler in the South East was placed into administration on March 26th, 2009. Andrew Stoneman and Jason Godefroy, partners at MCR, have been appointed as joint administrators.

Getting what you pay for

Tue, 31 Mar 2009 14:26:33 +0100

Late summer is likely to see more than just the usual retail ‘summer
sales’. R3, the trade body for insolvency practitioners believes that
the recession will mean a significant increase in the number of
businesses being sold this year, but warns those companies in a
position to expand to be cautious when completing ‘distressed’ deals.

Blake Lapthorn launches new asset based lending team

Mon, 30 Mar 2009 12:46:56 +0100

Blake Lapthorn is pleased to announce the launch of its new Asset Based Lending (ABL) team. The team, which will be based in Blake Lapthorn's London office, will sit within the firm's Finance Group. The Asset Based Lending team will be headed by partner Chris Willison.

Chancellor's Budget must solve banking and unemployment crises

Mon, 30 Mar 2009 10:03:17 +0100

Federation of Small Businesses launches its Budget submission – with tangible solutions to tackling recession.

Hilton Baird Financial Solutions Wins Industry Accolade

Fri, 27 Mar 2009 11:25:15 +0100

Hilton-Baird Financial Solutions has affirmed its role as one of the UK’s most respected and dynamic asset based funding introducers and solutions providers by scooping the title of Asset Based Finance Broker of the Year at the prestigious Business MoneyFacts Awards Dinner held at the London Marriott Hotel Grosvenor Square, London, last night.

Cost of regulation on British business rises to £77 billion

Fri, 27 Mar 2009 11:03:57 +0100

The British Chambers of Commerce (BCC) has today released its 2009 Burdens Barometer - the first time it has been published during a recession.

Cattles Invoice Finance expands its Manchester team

Fri, 27 Mar 2009 10:57:29 +0100

Independent business funder, Cattles Invoice Finance (CIF), has strengthened its Manchester sales team with the appointment of regional manager, Adele Berry.

Retailers warn of toughest quarter day since last recession

Thu, 26 Mar 2009 18:49:11 +0100

This will be the toughest quarterly rents payments day for at least 18 years warned the British Retail Consortium (BRC), as it urged landlords to show more flexibility on retail rents. Today (Wednesday) is the first quarter day of 2009. Hard-pressed retailers face rent bills totalling hundreds of millions of pounds.

We must fight the recession together - FSB

Tue, 24 Mar 2009 13:46:59 +0100

The National Chairman of the Federation of Small Businesses (FSB) today promised to provide shelter for small businesses struggling through the storm of recession.

CBI calls for budget to build confidence and competitiveness

Mon, 23 Mar 2009 19:08:58 +0100

The Confederation of British Industry (CBI) is calling on the Chancellor to deliver a confidence-building Budget, shaped around supporting jobs, investment and competitiveness through the recession and beyond. The UK’s leading business group is also urging him to come up with a clear and credible strategy to get the public finances back under control.

Small businesses respond to the challenge of the credit crunch

Mon, 23 Mar 2009 18:39:16 +0100

Small businesses continue to have trouble getting new finance, with nearly one fifth seeing an increase in bank fees, according to the latest research by the Federation of Small Businesses (FSB).

Britain's SMEs anticipate deflation

Mon, 23 Mar 2009 17:34:42 +0100

Two thirds (66%) of Britain's small business owners believe that inflation will either flatten out (31%) or possibly decrease (35%) over the course of the year, resulting in a period of deflation, according to research by Bank of Scotland.

Support asset finance for SMEs in the downturn

Fri, 20 Mar 2009 17:03:24 +0100

Responding to comments made at the Federation of Small Business’ annual conference, Stephen Sklaroff, Director General of the Finance & Leasing Association (FLA), said:

Small businesses face a double rates blow

Fri, 20 Mar 2009 16:26:20 +0100

The Forum of Private Business (FPB) is urging the Government to ease the burden of business rates on small businesses. Many are already being hit by the impact of the recession and spiralling costs, yet face a 5% rise in rates in April 2009. In addition, the Government is planning to allow local authorities to impose additional business rates under its Business Rates Supplements Bill.

ICM launches 70 top tips for credit management

Wed, 18 Mar 2009 17:13:48 +0100

Following on from the success of its Managing Cashflow guides and Prompt Payment Code, the Institute of Credit Management (ICM) has published a booklet with 70 tips for good credit management, from knowing your customer to enforcing a judgement.

ACP Accreditation - Achieve better bottom line results

Mon, 16 Mar 2009 17:27:54 +0100

The Credit Crunch is hitting us all and with forecasts of a negative RPI no Credit Management, Debt Management or Collections department can afford to be underperforming.

State Street elects two new board members

Mon, 16 Mar 2009 15:20:41 +0100

State Street Corporation, the world’s leading provider of financial services to institutional investors, today announced the election of Robert Kaplan and Patrick de Saint-Aignan to its board of directors.

One in 56 businesses 'will fail this year'

Mon, 16 Mar 2009 15:14:27 +0100

The number of UK businesses that are expected to fail in 2009 will increase to 36,000 (one in every 56 businesses), according to the latest Industry Watch report by accountants and business advisors, BDO Stoy Hayward LLP.

Recession spawns new breed of business owner

Mon, 16 Mar 2009 10:44:01 +0100

Natural selection is not only confined to the theories of Darwin according to a new study which has unearthed a new breed of business owner, fit to survive the current recession and well into the future.

Business unaware of governments flagship lending scheme

Fri, 13 Mar 2009 11:10:57 +0100

The British Chambers of Commerce (BCC) has today published the results from its latest Monthly Business Survey.

Recession barometer of small businesses highlights continued concerns over lending

Fri, 13 Mar 2009 10:43:48 +0100

The Government and banks could do more to support small businesses struggling to cope with the impact of the recession and credit crunch, a survey carried out by the Forum of Private Business (FPB) suggests.

Finance must now reach automotive supply chain

Thu, 12 Mar 2009 16:32:00 +0100

The Government has met the automotive sector to discuss the help available to the stricken industry. Commenting, David Frost, Director General of the British Chambers of Commerce (BCC), said:

Increasing redundancy payouts could 'backfire on small businesses'

Thu, 12 Mar 2009 15:06:09 +0100

The Forum of Private Business (FPB) is warning that a plan to increase redundancy pay to help workers laid off as a result of the recession could backfire, forcing businesses to close rather than attempting to recover and grow, adding to unemployment and leaving the taxpayer to pick up the bill.

FSB calls on local authorities to listen to business

Thu, 12 Mar 2009 12:14:39 +0100

The Federation of Small Businesses (FSB) today celebrated a new agreement given by local authorities to include small businesses in decision-making.

Small firms being tied to costly rollover contracts by utilities companies

Wed, 11 Mar 2009 17:23:32 +0100

The Forum of Private Business (FPB) is calling on utilities companies to state clearly on bills when contracts with commercial customers are to expire. Many struggling firms are being tied in to costly deals because their contracts are rolled over from one year to the next with little or no warning, leaving them unable to switch suppliers to save money.

P&A Receivables - directors change

Wed, 11 Mar 2009 17:15:02 +0100

The Directors of P&A Receivables Services are pleased to announce changes to their board. Jacky Cooper moves to take over a new role as director of performance management with specific responsibilities for developing the business infrastructure and the development and training of staff. Charles Bliss takes over the role of operations director.

G-T-P Launches Travelodge Business Account Card

Wed, 11 Mar 2009 12:21:30 +0100

G-T-P Group Ltd has launched a new Travelodge Business Account Card, which offers Travelodge business customers up to 8 weeks free credit.

Manufacturing figures highlight urgent need for action

Tue, 10 Mar 2009 16:53:03 +0100

Commenting on the January manufacturing figures, published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

CBI calls for urgent amendments to Business Rates Supplement Bill

Tue, 10 Mar 2009 16:44:41 +0100

Businesses faces a double burden of unwanted extra taxes at the worst possible time if a new bill is passed by Parliament, the Confederation of British Industry (CBI) warned today.

Boom time for white collar crime

Mon, 09 Mar 2009 18:17:10 +0100

PricewaterhouseCoopers LLP is warning its clients and the wider business community to prepare for the increase in workplace crime and fraud that will accompany the UK recession.

Chancellors Budget must offer credible plan to curb future borrowing

Mon, 09 Mar 2009 17:40:02 +0100

The British Chambers of Commerce (BCC) is today publishing its March 2009 Economic Forecast. It comes in the wake of the MPC slashing interest rates to a new historic low and the Bank of England’s move into unchartered territory by creating £75 billion of new money to boost the economy.

CIF promotes Simon Adcock to associate director

Mon, 09 Mar 2009 07:47:39 +0100

The London and South East office of business funder, Cattles Invoice Finance (CIF), has promoted Simon Adcock to associate director.

Small businesses outraged at plans to tax their own car parking spaces

Fri, 06 Mar 2009 16:41:34 +0100

Small businesses are outraged at the Government’s plans to tax them for using their own car parking spaces. Under the Transport Act 2000, local authorities have the power to introduce Workplace Parking Levy (WPL) schemes, allowing them to charge firms which provide employees with private parking.

New figures show small business are depositing less into banks

Thu, 05 Mar 2009 18:28:07 +0100

The latest figures from the British Bankers’ Association (BBA) show that deposits by small businesses into the UK’s banks have eroded substantially.

Businesses advised to plan for the deepest recession since the early '80s

Thu, 05 Mar 2009 11:12:47 +0100

Economists at PricewaterhouseCoopers LLP (PwC) have warned that companies need to plan for a deep and prolonged recession.

January 09 small business figures for the high street banks

Thu, 05 Mar 2009 11:00:01 +0100

The level of banks' lending to small businesses rose by £235mn to £54.2bn in January, new figures from the British Bankers' Association revealed today.

Make finance decisions locally, FSB urges banks

Thu, 05 Mar 2009 10:33:42 +0100

The Federation of Small Businesses (FSB) is calling on banks to restore decision-making powers to local branches and is launching a code of good practice for banks to follow and to support more lending to small firms.

Barclays Commercial Bank launches new initiative to help UK businesses

Wed, 04 Mar 2009 17:41:20 +0100

Barclays Commercial Bank today launches a new initiative to assist its 81,000 business clients in battling recession.

Small businesses call for dedicated utilities watchdog

Tue, 03 Mar 2009 16:13:18 +0100

Small businesses suffering at the hands of utilities companies believe a dedicated watchdog should be restored to ensure they receive an efficient, cost-effective service, research carried out by the Forum of Private Business (FPB) suggests.

Safeguarding Government infrastructure investment

Tue, 03 Mar 2009 14:49:26 +0100

The Chief Secretary to the Treasury, Yvette Cooper, today announced Government action to ensure vital PFI infrastructure projects will go forward as planned despite the current financial market conditions.

BCC launches National Business Recovery Plan

Mon, 02 Mar 2009 13:30:10 +0100

The British Chambers of Commerce (BCC) has today launched a strategic framework outlining the policies required to foster business growth in the short-term and lay the foundations for economic stability in the long-term.

Bank reveals lending to small business customers increased significantly in 2008

Fri, 27 Feb 2009 15:39:07 +0100

Alliance & Leicester Commercial Bank has announced that it plans to increase its total lending to small business customers by over a quarter in 2009. This follows record lending from the bank in 2008, which saw total small business lending balances increase by 49 per cent.

Enhanced recruitment services for ICM members

Fri, 27 Feb 2009 13:21:18 +0100

Hays has signed a strategic partnership with the Institute of Credit Management (ICM) to provide ICM members with an enhanced dedicated recruitment service.

CCR-interactive, 6 October, Central London Download The Pack

Thu, 26 Feb 2009 22:39:19 +0100

The UK’s leading editorial one-day conference is to return on 6 October at the five-star Guoman Tower Hotel in Central London. An Information Pack is now available to download with all the information on this world-class day of knowledge and networking.

Statement on the Governments Asset Protection Scheme

Thu, 26 Feb 2009 16:15:16 +0100

On 19 January the Government set out a comprehensive plan to remove the remaining obstacles to increased bank lending and restore confidence to financial markets. The Government is today announcing the implementation of its Asset Protection Scheme (the “Scheme”).

Over 100 MPs back FSB automatic rate relief bill

Thu, 26 Feb 2009 15:55:24 +0100

Support is growing for a Private Members Bill pioneered by the Federation of Small Businesses (FSB) with over 100 MPs signing an Early Day Motion calling for rate relief to be made automatic for eligible firms.

Paying on time is good for business

Thu, 26 Feb 2009 13:47:42 +0100

A new initiative to promote the benefits of prompt payment has been launched by the Institute of Credit Management (ICM), to coincide with the first official feedback on the success of the government’s new Prompt Payment Code (PPC) and the success of its free business ‘Health Checks’.

Industry leading icm09 award winners announced

Wed, 25 Feb 2009 15:51:38 +0100

Brian Morgan of Veolia Environmental Services UK Ltd was named Credit Professional of The Year at the prestigious icm09 Awards. He fended off stiff competition from Paul Saunders of the National Magazine Co and Jerry Nightingale of BT.

New business restructuring partner at BDO Stoy Hayward

Wed, 25 Feb 2009 15:11:48 +0100

BDO Stoy Hayward LLP is pleased to announce the appointment of Jo Wright as Business Restructuring partner within its business restructuring team in Birmingham.

Top-Up Solutions freed from financial pressure, thanks to Factoring facility

Wed, 25 Feb 2009 12:39:54 +0100

Venture Finance has provided Hounslow-based Top-Up Solutions with a Factoring facility to enable the young company to concentrate on growth during the critical early stages of its operation. The whole deal was completed within six days, allowing Top-Up Solutions fast access to finance just when they needed it most.

'Power shift' from ratings agencies to insurers over credit worthiness

Wed, 25 Feb 2009 10:02:22 +0100

Credit insurers have taken over the mantle from ratings agencies in determining UK companies’ credit worthiness, according to Aon Trade Credit, the leading credit insurance broker.

Business would back proposed moratorium on legislation which imposes extra burden

Tue, 24 Feb 2009 10:09:40 +0100

Ministers have been asked to “advise” on the effects of planned legislation on business, according to some reports yesterday, with the aim of reducing the financial burden on companies during the economy’s downturn.

Government cap on guarantees 'restricting bank lending to small firms'

Tue, 24 Feb 2009 09:52:49 +0100

Amid revelations that small businesses hit by the recession still cannot access sufficient finance from the UK’s banks, the Forum of Private Business (FPB) has learned that the Government has imposed a ‘cap’ on its much-publicised Enterprise Finance Guarantee (EFG).

New online tax help for small businesses

Mon, 23 Feb 2009 23:38:38 +0100

A series of online, bite-sized video guides for new and small businesses has been launched today by HM Revenue & Customs (HMRC).

Banks refill the finance gap

Mon, 23 Feb 2009 23:24:18 +0100

Banks are supporting individuals and businesses British Bankers' Association Chief Executive Angela Knight said today. She said the major high street banks were currently providing around two-thirds of all new home loans and were stepping up to fill the lending gap created by overseas banks retrenching to their home markets.

Drinks companies 'named and shamed' for squeezing suppliers

Mon, 23 Feb 2009 17:53:27 +0100

The Forum of Private Business (FPB) is naming and shaming two leading alcoholic drinks companies for imposing changes to payment terms and conditions on their smaller suppliers.

Creditsafe Group appoints New Chief Operations Officer

Mon, 23 Feb 2009 11:57:30 +0100

Creditsafe Group, the business information experts, today announced the appointment of Matthew Debbage to the position of Chief Operations Officer (COO). Matthew will have responsibility for ensuring effective strategic and tactical operational management across the group’s operations in the UK, Ireland, Sweden, France and the Netherlands.

Government guaranteeing more than £1m loans a day

Fri, 20 Feb 2009 16:21:50 +0100

Business Secretary Lord Mandelson today highlighted the success of a Government loan guarantee scheme after more than £1m of loans a day was underwritten to companies during the first few weeks.

Buy to let lending fourth quarter 2008

Fri, 20 Feb 2009 13:50:38 +0100

New lending for buy-to-let continued to decline in the fourth quarter of 2008. There were 37,000 new loans, worth £3.9 billion - 12% down (19% by value) in the third quarter, and 56% down (65% by value) compared with the fourth quarter of 2007.

Operational note from Coface in the UK and ROI: Press Relations

Thu, 19 Feb 2009 17:05:38 +0100

In the UK and Ireland, Coface are now dealing direct with the press and not using a PR agency.

Review of regulatory guidance 'should have offered a lifeline rather than a helpline'

Tue, 17 Feb 2009 18:14:48 +0100

The FPB (Forum of Private Business) and ACCA (the Association of Chartered Certified Accountants) are disappointed by the recommendations of the review of regulatory guidance led by Sarah Anderson CBE.

Wool Clip Co-operative opens new store

Mon, 16 Feb 2009 16:49:35 +0100

A Cumbrian co-operative is bucking the economic trend with a move into larger retail premises. The Wool Clip is a Cumbria-based co-operative of sheep farmers, spinners, dyers, knitters, feltmakers, weavers and other wool workers set up in 2001 in the wake of the foot and mouth crisis to add value to local wool and to market members’ skills and products.

London SMEs suffer worst sales slump as the North East forges ahead

Mon, 16 Feb 2009 12:13:54 +0100

Small firms in London have been hit harder by the economic downturn than those in other regions of the country, triggering widespread job losses in the capital, according to a new report published today.

Cardinal Brands Ltd chooses Venture Finance

Mon, 16 Feb 2009 12:01:50 +0100

Premier independent Invoice and Asset Based Lender, Venture Finance, is pleased to announce the latest addition to its client portfolio, Cardinal Brands Limited one of the UK's leading manufacturers of carbonless stationary products.

December 08 small business figures for the high street banks - BBA

Mon, 16 Feb 2009 11:07:31 +0100

Average monthly growth in term lending to small businesses was higher in 2008 than in 2007. Last year also saw average monthly borrowing on overdrafts increase slightly and deposits fall, contrasting with 2007 movements.

Barclays augments small business support with free seminars

Mon, 16 Feb 2009 10:37:45 +0100

As part of its ongoing commitment to provide practical support to small businesses and help them through these uncertain times, Barclays today launches its ‘Let’s Talk’ seminar programme, focusing on setting-up, surviving and thriving in this climate.

Global confidence crisis pushes UK deeper into recession

Mon, 16 Feb 2009 09:45:32 +0100

The rapidly deteriorating global economy and the continued difficulties UK businesses are facing in accessing credit will push the economy deeper into recession in 2009, the CBI said today (Monday 16th February, 2009).

Business reports deteriorating relationship with bank managers

Mon, 16 Feb 2009 09:29:42 +0100

The results from over 400 businesses across the UK show deteriorating relationships with local bank managers, major disappointment with the Government’s VAT cut, and an increasingly pessimistic mood on turnover prospects.

£1billion cashflow boost to business

Thu, 12 Feb 2009 16:08:00 +0100

Over 60,000 businesses have agreed time to pay tax arrangements with HM Revenue & Customs (HMRC) totalling more than one billion pounds.

The future of Europe's financial services

Thu, 12 Feb 2009 09:11:52 +0100

The ABI (Association of British Insurers) has launched a three-stage plan to help restore confidence and trust in European financial services. A report outlining the ABI’s priorities for Europe, published today, also highlights key principles for a global recovery. The launch came as the ABI Board met in Brussels, and had discussions with senior European officials and MEPs.

Small businesses in the South West need protection as recession begins to bite

Wed, 11 Feb 2009 16:31:30 +0100

More than one in three small businesses in the South West of England are already experiencing the effects of recession, with a quarter seeing a decline in new business, according to PFA Research's South West Business Pulse Survey.

Delay new laws that could cost small businesses £800 million

Wed, 11 Feb 2009 16:25:14 +0100

The Government must delay passing new laws which could cost small businesses nearly £800 million a year, the Federation of Small Businesses (FSB) said.

CCTAs second Annual Golf Day

Wed, 11 Feb 2009 15:55:00 +0100

CCTA’s (Consumer Credit Trade Association) second Annual Golf Day will take place on Wednesday 6 May 2009 at the Marriott Forest of Arden Hotel in Warwickshire, on the championship Arden course.

Alternative finance is key for small firms in wake of recession

Tue, 10 Feb 2009 15:55:08 +0100

Following news from the Insolvency Service showing a 51 per cent rise in the number of firms going bankrupt in the last quarter of 2008, Bibby Financial Services, the UK’s leading independent invoice financier, is urging small and medium sized firms to consider all options before they face insolvency.

PIC Solutions Partners with True Integrated Marketing in Dubai

Tue, 10 Feb 2009 15:11:46 +0100

PIC Solutions, the leading credit risk solutions company in the EMEA region has signed a partnership agreement with True Integrated Marketing (TIM).

CBI calls for urgent government intervention

Mon, 09 Feb 2009 12:46:24 +0100

Without urgent intervention from the Government, the credit crunch hitting companies will get even worse over the next three months, according to new CBI research, published today (Monday).

FSB calls for more action to stimulate the economy

Mon, 09 Feb 2009 09:36:43 +0100

Government action to stimulate the economy is not working, the Federation of Small Businesses (FSB) warned today, after a member survey found that recent VAT cuts, bank lending guarantees and pledges on payment practices have had no impact.

Specialist financiers prove to be a lifeline for SMEs

Sun, 08 Feb 2009 19:46:52 +0100

More and more businesses are turning to alternative funding as a method of riding out the economic downturn, according to new figures from SME business funder, Cattles Invoice Finance (CIF).

Insolvency epidemic spreading rapidly into other sectors

Fri, 06 Feb 2009 19:51:06 +0100

Commenting on today’s insolvency statistics showing a 11.9% increase in company insolvencies on the previous quarter a 51.6% increase on the same quarter a year ago, Carl Jackson, head of Tenon Recovery, said:

Weak manufacturing data confirms need for forceful policy response

Fri, 06 Feb 2009 12:37:33 +0100

Commenting on the total production and manufacturing output figures for December, published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

Businesses take action for automatic rate relief

Fri, 06 Feb 2009 12:33:48 +0100

Businesses in England are calling for the tax relief they are eligible for to be made automatic – saving them £400 million in total each year.

Insolvencies to soar to 5,000 in 2009, predicts KPMG

Thu, 05 Feb 2009 12:52:38 +0100

KPMG Restructuring predicts that corporate insolvencies (administrations and receiverships) will rise dramatically in 2009 reaching 5,000 by the end of the year.

FPB welcomes new £3bn fund to boost lending to small businesses

Thu, 05 Feb 2009 12:37:55 +0100

The Forum of Private Business (FPB) is welcoming a £3 billion fund to boost lending to small businesses. Following the Government’s decision in January 2009 to restructure its investment in the Royal Bank of Scotland (RBS) and Natwest, the bank has announced the fund, which will be split into 12 regional tranches of £250 million each.

CBI urges government to retain much improved R&D tax credit

Thu, 05 Feb 2009 12:22:34 +0100

Research and development is critical for Britain’s future economic success, and the government must resist the temptation to allow the much improved and user-friendly R&D tax credit to wither on the vine, as it is particularly valuable during a recession, according to The Confederation of British Industry (CBI).

Evidence of credit 'starting to flow'

Wed, 04 Feb 2009 11:44:08 +0100

The bank of England’s Monetary Policy Committee meets tomorrow to decide whether they are going to cut interest rates, to revive the economy. However signs that credit has begun to flow have started to engage.

SMEs to benefit from debt rule change

Tue, 03 Feb 2009 16:59:28 +0100

A relaxation in Government regulations on how small firms can finance their bids for public sector contracts should provide a welcome boost to the economy, according to a leading banking lawyer.

Firstsource reports third quarter fiscal 2009 revenues

Tue, 03 Feb 2009 16:21:08 +0100

Firstsource Solutions Limited (NSE:FSL, BSE:532809), among India’s leading pure-play BPO companies reported its results for the quarter ended December 2008 according to Indian GAAP.

Experian protects Beaverbrooks website from fraud

Tue, 03 Feb 2009 11:38:35 +0100

UK jewellery retailer Beaverbrooks has selected Experian®, the global information services company, to put a stop to fraudulent transactions via its website.

BRC product standard cracks America

Tue, 03 Feb 2009 11:36:03 +0100

A British Retail Consortium (BRC) product standard is poised to crack America. A significant new partnership with North America's leading retail trade association is likely to lead to some of the world's biggest retailers requiring their consumer products suppliers to show they meet the BRC safety standard.

Woolworths to be relaunched as online retailer

Mon, 02 Feb 2009 16:17:16 +0100

Sir David and Sir Frederick Barclay have bought the Woolworths chain following its administration in November and will relaunch the former high street giant as an online retailer.

Early indications suggest banks are still not lending to small businesses

Fri, 30 Jan 2009 16:53:49 +0100

Despite a series of government measures designed to guarantee lending, members of the Forum of Private Business (FPB) are still not able to access finance from the banks.

Don't let small businesses chew over tax deadline

Fri, 30 Jan 2009 12:52:37 +0100

Small businesses which file their self-assessment tax forms in late during these testing times must be given a break by HM Revenues and Customs (HMRC), the Federation of Small Businesses (FSB) urged today.

Maggie Craig appointed ABI's first Director of Scottish Affairs

Fri, 30 Jan 2009 11:54:08 +0100

The ABI’s Maggie Craig has been appointed the ABI’s (Association of British Insurers) first Director of Scottish Affairs, to provide a specific focus on Scotland at the heart of ABI. Her appointment was announced on the day that the ABI hosts a reception in Edinburgh for Members of the Scottish Parliament, Scottish business groups and publishes ABI in Scotland.

Fraud Costs Rise, Challenging Online Businesses

Wed, 28 Jan 2009 16:29:51 +0100

Fraud is taking a bigger bite out of UK online revenues. One in eight businesses in 2008 suffered fraud losses in excess of 5% of total online revenues, while rates of more than 1% are now common.

Impose fewer regulations rather than replicating existing support

Wed, 28 Jan 2009 16:15:33 +0100

Following a review of regulations imposed on small businesses, the Government is considering creating a ‘one stop shop’ for advice on health and safety, and employment law, according to The Forum of Private Business(FPB).

Smartfundit.com and CHP Consulting unlock asset financing market

Wed, 28 Jan 2009 15:50:00 +0100

Smartfundit.com, the world's first business finance marketplace, and CHP Consulting, the leading supplier of software solutions and consultancy services to top asset finance organisations worldwide, today announced a strategic partnership to enable leading financial institutions to deliver fast and affordable asset financing to UK businesses.

Small businesses must have a say on 'how their taxes are spent'

Wed, 28 Jan 2009 13:07:49 +0100

The Federation of Small Businesses (FSB) has expressed concern that the incoming Business Rate Supplements Bill will impose extra tax burdens on businesses and has suggested a series of amendments to soften the blow of the legislation.

CBI response on loan guarantees to the car industry

Wed, 28 Jan 2009 12:39:08 +0100

Commenting on the announcement of loan guarantees to car makers, Richard Lambert, CBI Director-General said:

FPB responds to Treasury Committees review of Pre-Budget Report

Wed, 28 Jan 2009 00:01:01 +0100

The Forum of Private Business (FPB) is welcoming the Treasury Committee’s call for the Government to continually review its measures designed to increase bank lending to small businesses.

Mandelson announces support package for the Automotive Industry

Tue, 27 Jan 2009 00:00:00 +0100

The Government today announced a package of measures aimed at freeing up lending of more than £2bn for the automotive industry.

Factoring facility gets Wicked Imports back on track

Mon, 26 Jan 2009 16:41:23 +0100

Premier independent Invoice and Asset Based Lender, Venture Finance, has provided Wicked Imports Ltd, a wholesale distributor of gadgets, gifts and toys, with a Factoring facility providing the company with a cashflow boost and reassurance of Bad Debt Protection.

New business development manager to grow Intrum Justitia offer in new markets

Mon, 26 Jan 2009 12:32:14 +0100

Europe’s leading provider of credit management services says the appointment of their latest Business Development Manager will help boost its growth across new UK sectors.

Unemployment fears rise in small businesses as the country slides into recession

Fri, 23 Jan 2009 14:29:54 +0100

The Federation of Small Businesses (FSB) reported a dramatic rise in calls to its legal advice line on redundancies from concerned small businesses, on the same day as the official announcement that the UK is in recession.

Falling GDP highlights vital need to restore confidence

Fri, 23 Jan 2009 13:22:52 +0100

The economy shrank by 1.5 percent in the fourth quarter of 2008. Commenting on the preliminary GDP figures, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said: “The worse than expected decline in GDP not only confirms that the UK economy is in a recession, but it also highlights the critical need to persevere with forceful corrective measures.

New rules provide confidence for cross-border trade

Thu, 22 Jan 2009 18:35:43 +0100

The government has announced that it will implement a European Commission regulation that will provide confidence for cross-border trade. Choice of law in contract affects all UK businesses entering into contracts with companies or consumers overseas, as well as UK consumers buying goods or services from abroad.

Small businesses to converge on Newport for major conference

Thu, 22 Jan 2009 18:23:43 +0100

Small businesses will be gathering against the backdrop of recession in South Wales later this year, at the Federation of Small Businesses (FSB) Annual Conference 2009.

Aon Consulting appoints client development director for admin outsourcing

Thu, 22 Jan 2009 18:05:12 +0100

Leading pension, benefits and HR consulting firm, Aon Consulting has appointed Ros Flavell as client development director for its pensions administration team to build upon continued success through 2008 and anticipated growth in 2009.

eg clients reach the FST awards finals with eg s/ware suite

Thu, 22 Jan 2009 17:20:10 +0100

eg solutions plc (eg), the AIM listed operations management software company, today announced that two of its key clients have been short-listed by the prestigious Financial Sector Technology (FST) Awards.

Interim forecasts for 2009-2010 in the European Union

Tue, 20 Jan 2009 13:25:49 +0100

The slowdown will sharpen but growth will come back before the end of 2009. GDP growth in the European Union is expected to fall by 1.8 % in 2009 before recovering moderately to 0.5% in 2010.

MPC must move forcefully to 'avoid distinct risk of deflation'

Tue, 20 Jan 2009 13:15:11 +0100

David Kern, Chief Economist at the British Chambers of Commerce (BCC), has commented on the December 2008 inflation figures published today by the ONS.

More severe penalties for health and safety breaches

Tue, 20 Jan 2009 13:06:42 +0100

The Forum of Private Business (FPB) is warning the owners of small businesses to put in place stringent health and safety procedures, following a legal change imposing more severe punishments for health and safety breaches that could leave them facing up to two years in prison or a large fine.

Tieto will release new version of TIPS in February 2009

Tue, 20 Jan 2009 12:50:57 +0100

Tieto Integrated Paper Solution (TIPS) 13.0 will advance usability, data analysis, efficiency and profitability. The new version will offer functional enhancements, which have been developed based on customer research and feedback.

SIFMA and ESF Welcome HM Treasurys Financial Intervention Package

Mon, 19 Jan 2009 17:08:23 +0100

The Securities Industry and Financial Markets Association (SIFMA), together with its affiliate the European Securitisation Forum (ESF), today welcomed HM Treasury’s announcement of a package of initiatives designed to reinforce the stability of the financial system.

Concerns over job application fraud prompts increase in staff checks

Mon, 19 Jan 2009 14:35:52 +0100

Experian®, the global information services company, today revealed that demand for its specialist candidate verification service, Experian Background Checking, has surged by 70 per cent in the past six months as concerns over fraudulent job applications soar.

BGL Group moves to support local small business

Fri, 16 Jan 2009 16:29:43 +0100

As part of its commitment to the communities in which it operates, the BGL Group has pledged to support the small businesses it works with in view of the current economic climate.

Lift employment burdens on small businesses, says business lobby group

Fri, 16 Jan 2009 13:16:14 +0100

With evidence mounting that business-owners are being forced to make further redundancies because of the economic downturn, the Forum of Private Business (FPB) is urging the Government to remove the barriers that could prevent job growth when the economy begins to improve.

20,000 businesses helped with time to pay

Fri, 16 Jan 2009 12:55:24 +0100

Over 20,000 businesses have delayed paying more than £350 million of tax after contacting HMRC's Business Payment Support Service (BPSS) in the last six weeks.

FSB and MP unite to make small business rate relief payments automatic

Fri, 16 Jan 2009 12:49:58 +0100

The Federation of Small Businesses (FSB) is working with a leading MP to pioneer a Private Members' Bill (PMB) which would see business rate relief granted automatically for small businesses - a vital boost during the economic downturn.

Banks welcome business announcement - BBA

Fri, 16 Jan 2009 12:28:01 +0100

Moves to bring confidence and stability to businesses have been welcomed by the UK’s banks and financial services. The British Bankers’ Association (BBA) said proposals to guarantee business lending would help provide more finance for small and medium sized enterprises who are being hit by the recession.

CCTA Delivers Real Value for Money

Thu, 15 Jan 2009 16:10:11 +0100

Membership of a group brings a greater strength to the whole than the sum of its individual parts. This is certainly true at CCTA where competitors work together for mutual benefit and CCTA supports its Members through a minefield of challenges, never more daunting than as 2009 unfolds.

Don't forget the alternative financial providers

Wed, 14 Jan 2009 15:33:17 +0100

News of a £10bn government-backed Working Capital Scheme for small businesses comes just in time for many companies, and almost two months after plans to help UK companies were laid out by Alistair Darling.

FLA asks government to ensure that non-bank lenders have access to funding too

Wed, 14 Jan 2009 15:25:01 +0100

Responding to today’s announcement of further government help for business funding, Stephen Sklaroff, Director General of the Finance and Leasing Association, said:

Governments small business finance plans a welcome next step

Wed, 14 Jan 2009 15:14:26 +0100

The Forum of Private (FPB) is calling on the banks to increase lending to business customers without delay, following the Government’s announcement of a scheme to free up funding for small firms.

Banks have run out of excuses as Government announces £1bn fund for small firms

Wed, 14 Jan 2009 15:00:57 +0100

The Federation of Small Businesses, (FSB), today welcomed a new £1.3 billion fund for small firms – much needed support for small firms that the FSB has been campaigning for since October.

Business Secretary unveils new package for SMEs

Wed, 14 Jan 2009 14:43:09 +0100

Business Secretary Lord Mandelson today unveiled a package of measures designed to address the cash flow, credit and investment needs of small and medium businesses.

Business Failures Reach Staggering Heights

Tue, 13 Jan 2009 17:53:03 +0100

Leading business information provider, Equifax, has released its Business Failures Report for the whole of 2008 as well as for the last quarter of the year. And the figures reinforce the British Chamber of Commerce report released earlier today – that the downturn has taken real hold in the UK economy with little sign of any uplift so far.

SMEs - Make a New Years Resolution to Push Traditional Boundaries

Tue, 13 Jan 2009 14:53:47 +0100

Credit control is one of the most challenging business tasks facing small to medium-sized enterprises (SMEs) today, according to more than half of the SMEs that participated in a recent survey carried out by Hilton-Baird Financial Solutions on behalf of the Asset Based Finance Association (ABFA).

Economic survey results are worst on record

Tue, 13 Jan 2009 13:47:08 +0100

The British Chambers of Commerce (BCC) is today publishing its Fourth Quarter Economic Survey. Nearly 6,000 businesses, employing over 680,000 people, responded.

AP Driveline Technologies Limited in administration

Tue, 13 Jan 2009 11:46:41 +0100

David Bennett, Colin Haig and Matthew Hammond of PricewaterhouseCoopers LLP were appointed joint administrators of AP Driveline Technologies Limited on 12 January 2009.

UK Trade Deficit widened to £4.5 billion in November

Tue, 13 Jan 2009 11:37:43 +0100

The UK's deficit on trade in goods and services was £4.5 billion in November, compared with the deficit of £3.9 billion in October (the same as originally published).

Beleaguered retailers face £7 billion property cost battering

Mon, 12 Jan 2009 23:55:21 +0100

Government proposals could push the beleaguered retail sector's business rates bill up to £7 billion by 2010/11. Government proposals could push the beleaguered retail sector's business rates bill up to £7 billion by 2010/11.

MEGA has been named by Forrester Research as a leader

Mon, 12 Jan 2009 18:54:39 +0100

MEGA, the company that provides leading enterprise architecture (EA) and business process analysis (BPA) solutions, has been named by Forrester Research as a leader in its January 2009 report, 'The Forrester Wave': Business Process Analysis, Enterprise Architecture (EA) Tools, and IT Planning, Q1 2009.

Profit warnings by UK-listed firms hit seven-year high

Mon, 12 Jan 2009 13:02:25 +0100

Profit warnings by UK-listed firms hit a seven-year high in 2008, according to a survey published on Sunday. Ernst & Young said profit warnings last year totalled 449, the highest yearly figure since 2001 and 17 percent higher than 2007.

FSB launches Five Point Plan to create 400,000 new jobs

Mon, 12 Jan 2009 12:52:07 +0100

The Federation of Small Businesses (FSB) today launched its blueprint for tackling rising unemployment with a plan to create 400,000 new jobs.

Manufacturing slumps at fastest pace since 1981

Fri, 09 Jan 2009 14:45:44 +0100

Factory output slumped in November at its fastest annual pace since 1981, increasing the likelihood that the economy shrank sharply at the end of 2008 and faces a deep recession in 2009.

More bankruptcies predicted in auto industry

Thu, 08 Jan 2009 22:25:19 +0100

KPMG’s 2009 survey of the global automotive industry says that senior executives expect more companies will go out of business – as revenues and profits continue to fall. Optimism reported a year ago has now been deferred, if not abandoned. In established markets, sales expectations continue to fall, investments are being reviewed and some very large auto companies are close to insolvency.

FSB responds to interest rate cut

Thu, 08 Jan 2009 22:02:49 +0100

The Federation of Small Businesses (FSB) has today welcomed the Bank of England's Monetary Policy Committee's latest interest rate cut but has warned that the real worry is not just the cost of finance but access to it.

More pressure on banks to lend to small businesses

Thu, 08 Jan 2009 14:59:21 +0100

A third of small businesses surveyed in the Forum of Private Business’s (FPB’s) latest Referendum poll of members actively sought finance during the last quarter of 2008. However, despite the Government’s high-profile bail-out and pressure on banks from the FPB, almost half were either partially or completely rejected by UK lenders.

Business lobby group appoint new national chairman

Tue, 06 Jan 2009 18:00:53 +0100

The FPB has appointed Noel Guilford as its new National Chairman. Noel, who has been a non-executive board member of the FPB since 2003, is the managing partner of Chester-based Guilford Consulting, and has more than 30 years' experience as a chartered accountant and management consultant. He has been acting Chairman since June 2008, but now takes on the role full time.

Sharp rise in liquidations shows impact of recession on Irish business

Tue, 06 Jan 2009 16:04:23 +0100

The impact of the economic downturn and the squeeze on credit has been put into stark relief by figures published today by Experian®, the global information services company. The figures from Experian show that company liquidations in Ireland over the past year have more than doubled since 2007.

Allianz Commercial launches online legal solution

Tue, 06 Jan 2009 15:09:54 +0100

Allianz Commercial has launched a new online legal protection service available to all Allianz SME policyholders. Allianz Legal Online can provide over 100 legal documents that businesses require supporting the needs of employees, complying with legislation and assisting Companies in doing business.

CBI comments on BoE's latest Credit Conditions Survey

Mon, 05 Jan 2009 12:22:58 +0100

Richard Lambert, CBI Director-General, has commented on the Bank of England’s latest Credit Conditions Survey and the need for measures to restore credit flows across the economy, including the car industry.

US Treasury unveils rescue package for car manufacturer

Tue, 30 Dec 2008 15:45:17 +0100

The US Treasury has unveiled a $6bn (£4.1bn) rescue package for GMAC -General Motors' troubled car loan arm, co-owned by Chrysler's owner, Cerberus in a move to encourage them to offer funding to would-be vehicle buyers.

Experian suggests small business resolutions for 2009

Tue, 30 Dec 2008 15:31:03 +0100

With market conditions impacting on all sizes of organisation in virtually every sector of the economy, Experian®, the global information services provider, has outlined a series of New Year¹s resolutions for small businesses, providing those organisations most exposed to late payment and potential cash flow problems with advice to help them through the downturn.

UK Manufacturing business failures set to rocket by 37 per cent

Tue, 30 Dec 2008 15:18:46 +0100

The number of UK manufacturing failures is predicted to increase by 37 per cent by the end of 2008 in comparison to 2007, according to research from accountants and business advisors, BDO Stoy Hayward LLP.

GDP contracts by 0.6% in 3rd quarter

Wed, 24 Dec 2008 08:12:38 +0100

Figures released by the Office of National Statistics (ONS) show that Gross Domestic Product (GDP) contracted by 0.6 per cent in the third quarter of 2008, revised down from the previous estimate of 0.5 per cent and down from 0.0 per cent in the second quarter of 2008. The level of GDP in the third quarter of 2008 is now 0.3 per cent higher than the third quarter of 2007.

Make a new year's resolution to secure your confidential waste

Tue, 23 Dec 2008 16:18:06 +0100

As staff wind down for the festive season, and attention turns finally to that long overdue office clear out, Smurfit Kappa Security Shredding is warning businesses and organisations to recycle responsibly to ensure that confidential files and documents do not fall into the wrong hands.

Credit still not flowing around the economy says CBI

Mon, 22 Dec 2008 17:45:50 +0100

Healthy companies will struggle to survive unless Government takes urgent action to deal with the intensifying credit crunch, according to Richard Lambert, Director-General of the CBI.

TietoEnator's transformation continues - announcing the new Tieto brand

Tue, 16 Dec 2008 16:16:32 +0100

TietoEnator, a leading IT services company in Northern Europe, launched a new corporate brand Tieto on 1 December 2008. The new Tieto brand and logo will now start to be visible in all Tieto offices around the world. The official registered name of the company, TietoEnator Corporation, will remain unchanged for the time being as the change of the registered company name is subject to a decision by the Annual General Meeting.

Rural firms are suffering in silence this Christmas

Mon, 15 Dec 2008 18:30:45 +0100

The Federation of Small Businesses (FSB) is today expressing concern that rural businesses are becoming the silent victims of the credit crunch this Christmas. Most rural businesses have seen trade fall this year with four out of five saying the Government isn''t helping them out of the downturn.

Government scheme to encourage prompt payment unlikely to succeed

Thu, 11 Dec 2008 15:22:16 +0100

The Governments launch of a voluntary code on payment terms to encourage the prompt payment of bills between businesses as firms across the UK battle to survive the downturn is unlikely to spark a genuine move away from late payment culture in the UK, warns commercial credit agency Graydon UK.

Parking restrictions 'hitting crucial Christmas trade'

Tue, 09 Dec 2008 17:09:48 +0100

The Forum of Private Business (FPB) is concerned that steep car parking charges and limited waiting times are keeping Christmas shoppers away from the UKs high streets. The FPB is calling on local authorities to relax parking restrictions in order to boost trade for struggling retailers during the key Christmas period.

Economic uncertainty hits businesses hard

Mon, 08 Dec 2008 18:13:58 +0100

Leading business information provider, Equifax, has released an interim report on business failures for October/November which shows that, perhaps not surprisingly, there have been year on year increases across all sectors and all regions of the UK.

Government hears concerns of small businesses at second finance meeting

Mon, 08 Dec 2008 18:08:22 +0100

Representatives from the UKs banks and business groups met government officials today (8 December 2008) to discuss the impact of the economic downturn on small businesses. At the meeting of the Small Business Finance Forum, the Forum of Private Business (FPB) presented the latest findings of its economic downturn panel of member-firms, whose owners are being surveyed every fortnight to present a true picture of market conditions and lending restrictions for small firms.

HSBC delivers new $5 billion fund supporting businesses globally

Mon, 08 Dec 2008 17:57:36 +0100

HSBC has created a new $5 billion global working capital fund for small and medium-sized businesses (SMEs) to ensure that they continue to have access to appropriate credit through the current financial and economic crisis.

Natwest and RBS provide further reassurance to its small business customers

Mon, 08 Dec 2008 17:53:16 +0100

NatWest and RBS have announced the introduction of a raft of further practical initiatives to give small businesses added peace of mind while trading through the current economic downturn. These moves come hot on the heels of the Bank's recent announcement to guarantee small business customers' overdraft agreements and pricing until at least the end of 2009.

New head of sales for software application vendor

Mon, 08 Dec 2008 17:26:05 +0100

eg solutions plc, the business software application vendor, announces the strengthening of its sales team with the appointment of Mr. Robert Maxfield as Head of Sales.

FSB to confront bank's Scrooge-like tactics at finance forum

Mon, 08 Dec 2008 01:00:00 +0100

Around a third of small businesses are still struggling to get affordable credit from the banks despite commitments to lend fairly, according to new figures from the Federation of Small Businesses (FSB).

Banking code to become legally binding

Fri, 05 Dec 2008 17:13:08 +0100

The British Bankers' Association (BBA) said that bringing the Banking Code more firmly into statutory regulation is now appropriate and that it has no problems with this approach.

New director for LCL Collections Limited

Fri, 05 Dec 2008 16:23:10 +0100

Andrew Langton has been appointed a director of LCL Collections Limited, the Yorkshire based National B2B debt collection business. Managing Director Gerry Barron said: "Andrew has been an integral part of the growth of the business and has worked hard to develop our brand across a crucial part of the client base and we are pleased that his hard work is reflected in his appointment to the Board

Banks urged to pass on interest rate cut to small businesses

Thu, 04 Dec 2008 18:16:25 +0100

The Forum of Private Business (FPB) is welcoming the Bank of Englands decision to slash interest rates to 2% the lowest level since 1951 but warning that struggling small businesses will only benefit if the banks follow suit.

UK Business failures set to rocket by 50%

Thu, 04 Dec 2008 18:09:55 +0100

The number of UK business failures is predicted to increase by almost 50% in 2009, from 2008, according to the latest report by accountants and business advisors, BDO Stoy Hayward LLP.

Paperwork cuts save time and money

Thu, 04 Dec 2008 17:42:29 +0100

Businesses are saving an estimated £418m a year from the costs of dealing with employment law, new research has found. According to the Department for Business, Enterprise and Regulatory Reform (National) (BERR), free advice and simple online tools have helped firms cut the time and money they spend on compliance.

Amlin closes for new business

Thu, 04 Dec 2008 17:37:46 +0100

The troubled credit insurance sector has suffered a further blow with the complete withdrawal from the market by Amlin. The insurance group has decided not to write any new policies for businesses supplying goods to other businesses on credit, partially because of problems securing reinsurance.

French govt steps in to offer credit insurance

Thu, 04 Dec 2008 17:34:54 +0100

The French government is set to provide insurance to companies who offer credit to the businesses they trade with. As the threat of insolvency increases with the slowdown, insurers are less willing to provide credit insurance. Without this insurance against not being paid, many suppliers are unwilling to offer credit to customers, forcing them to pay cash.

Woolworths closure hits Euler revenues

Thu, 04 Dec 2008 17:28:11 +0100

Following the bankruptcy of Woolworths Group (UK) and higher than expected claims development in the fourth quarter, Euler Hermes has revised its 2008 results to 100 million. The Woolworths Group had to file for bankruptcy after unsuccessful negotiations with the banks last week.

FPB launches franchising awareness campaign

Wed, 03 Dec 2008 16:35:53 +0100

An organisation which represents the interests of thousands of small businesses in the UK has launched a campaign to raise awareness of franchising to its members. The Forum of Private Business (FPB), which has its headquarters in Knutsford, Cheshire, believes that franchising could be a solution for some firms that are still in a position to expand but are struggling to raise the finance from banks at the moment.

Government legislation on additional business rates criticised

Wed, 03 Dec 2008 15:45:58 +0100

A proposed law allowing local authorities to impose additional rates on small businesses is being criticised by the Forum of Private Business (FPB). The Business Rate Supplements Bill was not mentioned in the Queens Speech, but has been announced as part of 2009s legislative programme. The FPB believes that small firms already pay too much in tax, and is opposing plans to levy supplementary business rates (SBR) from 2010.

Banks' lending risk to small business 'overstated'

Tue, 02 Dec 2008 18:48:09 +0100

The Forum of Private Business (FPB), which represents 25,000 small and medium-sized businesses across the UK, believes that the banking sector should be put under more pressure based upon what its own industry figures reveal.

VAT cut could prove 'costly for smaller retailers'

Fri, 28 Nov 2008 15:33:53 +0100

The Governments 2.5% reduction in VAT has come under fire from smaller retailers, who believe that the cost of administering the change will vastly overshadow the benefits of the reduction. The FPB is warning that the tax cut designed to boost high street trade could backfire because it is unlikely to convince many retailers to slash their prices.

GDP figures 'support need for full one per cent rate cut'

Fri, 28 Nov 2008 15:24:20 +0100

The Office for National Statistics (ONS) has published revised GDP figures for quarter three 2008 suggesting that 'the UK economy is now in serious recession'. Construction and distribution appear to be the main sectors driving the downturn.

British businesses facing debt barrier

Fri, 28 Nov 2008 15:09:41 +0100

Creditsafe, the business information experts, have published new research identifying the credit curve, which highlights that the cost of servicing debt trebles for businesses expanding from a turnover of £250,001-£500,000 to £500,001-£1,000,000.

ICM appoints new head of recruitment

Thu, 27 Nov 2008 18:42:23 +0100

The Institute of Credit Management (ICM) has promoted Lindsey Burke to Head of its recruitment service The Recruitment Consultancy - following Ann Stutzs retirement.

Credit Management Training appoint new director

Thu, 27 Nov 2008 18:40:54 +0100

James Jenkins MICM (Grad) FACP (Grad) has been appointed as director of training at Credit Management Training Ltd.

Britain's businesses need survival plan to cope with problem of late payments

Thu, 27 Nov 2008 18:38:48 +0100

British businesses are increasingly being hit by the late payment of bills by customers, new research reveals. On average, invoices are paid after 55.5 days across the European Union as a whole with Portugal, Spain and Italy taking a staggering 91 days to meet their bills.

Temporary measures announced in Pre-Budget report 'do not go far enough'

Thu, 27 Nov 2008 18:36:33 +0100

Following the Governments Pre-Budget report announcement, the Forum of Private Business (FPB) believes that measures to help more small firms access finance in the short term could be offset by its failure to deliver much-needed tax reforms, including a reduction in small firms corporation tax.

UK PLC payment delays hits small business

Thu, 27 Nov 2008 18:18:21 +0100

As the credit crunch begins to squeeze British business, UK PLC is delaying payment of debts well past 90 days according to research by Leeds University Business School¹s Credit Management Research Centre (CMRC).

Commission to overlook SME lending

Thu, 27 Nov 2008 18:06:19 +0100

Business secretary Peter Mandelson has announced the creation of a new panel to monitor how banks are lending to small businesses.

Late payments top problem poll

Thu, 27 Nov 2008 18:05:28 +0100

Despite the attention being placed on how much money banks are lending to small businesses, a poll by UK Business Forums has revealed it is tackling late payment which entrepreneurs think the government should make their top priority.

Accountants are preferred source of financial advice for SMEs

Thu, 27 Nov 2008 18:01:23 +0100

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.

Banks promise to help business through bad times

Thu, 27 Nov 2008 17:58:46 +0100

The UK's leading banks are committed to helping Britain's businesses to weather the economic downturn, according to the British Bankers Association (BBA).

Sales Monitor shows worst sales figures for three years

Thu, 27 Nov 2008 17:57:14 +0100

UK retail sales values fell 2.2% on a like-for-like basis, from October 2007, when they had risen 1.0%, according to the latest BRC-KPMG Retail sales Monitor.

Call to extend VAT relief scheme to ease payment pain for struggling firms

Thu, 27 Nov 2008 17:54:44 +0100

A business lobby group has said that more businesses in the UK should be eligible to join the Cash Accounting Scheme (CAS) and defer paying VAT until they are paid themselves.

Late payments top problem poll

Fri, 14 Nov 2008 01:00:00 +0100

Commission to overlook SME lending

Fri, 14 Nov 2008 01:00:00 +0100

Business secretary Peter Mandelson has announced the creation of a new panel to monitor how banks are lending to small businesses.

Call to extend VAT relief scheme to ease payment pain for struggling firms