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Entries from July 2014

ICM Launches Cashflow Guides

Sarah Bean - Friday 31.07.09, 08:30am

In addition to a healthy cash flow, credit control and managing debtors is essential to any business.  The Institute of Credit Management (ICM) has created an online portal designed to help businesses get paid on time.
Peter Mandelson Secretary of State for Business, comments: “Cashflow is critical to business survival but all too often the day [...]

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Tags: Cash Flow · Factoring · SME

EFG in the Spotlight

Sarah Bean - Thursday 30.07.09, 08:11am

Business Minister Shriti Vadera has 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.
Six months after being introduced, well over half a billion pounds worth of eligible EFG applications have been granted or are in the process of [...]

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Tags: EFG · Loan · SME · Small Business

Wright Time

Sarah Bean - Monday 27.07.09, 08:24am

Sharon Wright’s appearance on Dragon’s Den was a masterclass in how to spot a gap in the market and gain investment.  Sharon invented Magnamole, a magnetic rod that feeds wires and cables through wall cavities. She discovered a business opportunity when having a phoneline installed by a professional engineer using a coat-hanger as one of [...]

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Tags: SME · Small Business

London’s SMEs Defy Recession

Sarah Bean - Friday 24.07.09, 09:36am

As London’s small businesses bear the brunt of the recession many are still looking to grow, according to Business Link in London’s new Diverse Business Confidence Index (the Index). The first of its kind, the Index surveyed over 3,000 small businesses in London and found that 84 per cent are planning on expanding and growing [...]

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Tags: Business Link · SME · Small Business

Fighting Crimes Against Small Business

Sarah Bean - Wednesday 22.07.09, 09:00am

The Federation of Small Businesses (FSB) is launching a best practice checklist for police officers to use to prove their commitment to their local business community, warning that ‘recessionary crime’ against business is on the rise.
A growing number of businesses have reported an increase in crime in the last 12 months, with 64 per cent [...]

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Tags: SME · Small Business

New Leasing Rules May Hit Small Businesses

Sarah Bean - Monday 20.07.09, 08:39am

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 [...]

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Tags: SME · Small Business

Inconsistent Banks Harm Small Businesses

Sarah Bean - Friday 17.07.09, 09:15am

Small firms are failing to secure finance because banks are not being consistent in their lending policies.
The research was carried out by Ipsos MORI on behalf of the Institute of Chartered Accountants in England and Wales (ICAEW).
It found that there were often differences in lending decisions between between bank managers and their head offices, and [...]

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Tags: Banking · SME · Small Business

MacLeod Review - Engage with Employees

Sarah Bean - Thursday 16.07.09, 09:06am

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.
The MacLeod Review of employee engagement has recommended government support and more cooperation by UK businesses both large and small, to make sure [...]

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Tags: SME · Small Business

Retirement Under Review

Sarah Bean - Monday 13.07.09, 08:35am

The Government is today launching a strategy, “Building A Society For All Ages”, to help Britain prepare for our ageing society.
Minister for Pensions and the Ageing Society Angela Eagle said: “The Government is already taking action so that we can all make the most of the opportunities that longer lives bring.  We have fundamentally reformed [...]

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Tags: Uncategorized

Swine Flu Advice for SMEs

Sarah Bean - Friday 10.07.09, 08:24am

With the number of confirmed swine flu cases reaching 7,500 in the UK and health bosses expecting 100,000 new cases to be diagnosed every day by the end of August, the Forum of Private Business (FPB) is calling for all smaller businesses to make sure they are properly prepared.
The predicted pandemic could see a quarter [...]

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Tags: SME · Small Business · UK Economy