Companies are increasingly cautious over taking risks in their supply chain, with fears over their level of dependence on suppliers and sourcing from high-risk countries dominating their thinking, data in a new report shows. The Q4 2018 Global Supply Chain Risk Report, published today by Cranfield School of Management and Dun & Bradstreet, investigates the…

Eighty percent of business owners admit they worry their work-life balance is negatively impacting relationships with family and friends, research has revealed. To compound the issue, more than a third (36%) of UK SME leaders feel that they struggle to spend enough time with their children, with 46 percent having missed a special occasion and…

Outsourcing specialist Interserve has entered into administration after the company’s shareholders voted against a rescue plan Shareholders voted 59.38% against the plan, which would have seen their stake reduced to just 5%, with lenders being handed the largest share of the business. Last month it outlined a plan to reduce its net debt to £275m…

Almost one in four SMEs see political uncertainty as one of the biggest obstacles facing their business, according to a major survey of over 4,500 small firms. The latest BVA BDRC SME Finance Monitor has found that 24 percent of SMEs now see political uncertainty as a major barrier to their business going forward, up…

Large companies will have to report on their payment practices every year in the first step of a crackdown to end small businesses being paid late, the Chancellor has announced as part of the Government’s spring statement. Philip Hammond said the Government will require companies to review their payment practices through their audit committees, with…

Dun & Bradstreet’s 2019 Compliance and Procurement Sentiment report finds that confidence around the effectiveness to prevent fraud, manage regulation & Brexit-related change and identify environmental, social and governance concerns (ESG) has dropped. The findings show that confidence in the current effectiveness of compliance and procurement decision makers is down 7% since June 2018, with…

The UK’s thriving creative industries are being undermined by late payments. Findings from business finance company MarketInvoice reveal that 48% of businesses in the creative industries were paid late in 2018. Businesses that make up the creative industry are typically smaller companies (usually agencies and consultancies) that provide services to a range of sectors from…

The Treasury Committee has published a unanimously-agreed Report on Economic Crime – Anti-money laundering supervision and sanctions implementation. The report outlines that: More precise estimate of the scale of economic crime in the UK needed Government should review the UK’s anti-money laundering supervision more frequently UK shouldn’t compromise in the fight against economic crime to…

The Government are not acting quickly enough to introduce a tougher regime to tackle larger companies who enforce long payment terms or pay their suppliers late, says Rachel Reeves MP, Chair of the Business, Energy and Industrial Strategy Committee as she commented on the Government’s response to the BEIS Committee Small businesses and productivity report. The BEIS Committee report,…

Boards at some of the UK’s biggest companies still don’t fully understand the potential impact of a cyber attack according to a new report. The Government’s Cyber Governance Health Check looks at the approach the UK’s FTSE 350 companies take for cyber security. The 2018 report published today shows that less than a fifth (16%)…

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