Over a third (36%) of Europe’s CFOs feel more pessimistic about their companies’ financial prospects than they did three months ago, according to Deloitte European CFO Survey. This percentage has doubled since the first survey in spring 2015, when the figure stood at 18%. Fewer than one in five CFOs (18%) consider now to be…

The number of insolvencies of pub and bar companies has increased by 13% to 530 in the last year (year-end September 30, 2019) up from 470 the previous year according to new UHY Hacker Young research. The research shows that this is the third successive year in which pub company insolvencies have increased. This is…

The Federation of Small Businesses (FSB) is calling on all political parties to put the self-employed community front and centre when drawing-up business policies for their election manifestos as its latest research shows confidence among sole traders in negative territory for five consecutive quarters. Fresh findings from its full Q3 SBI report, published today, show…

Nine out of 10 business owners across construction suffer a range of mental health issues due to payment and other business pressures, according to a survey run by leading engineering services trade bodies BESA and ECA. The new survey, conducted in association with 25 other construction trade bodies, found that business owners have an array…

Fresh figures from the Valuation Office Agency show that a new business rates appeal platform has caused the number of firms registering a challenge to their bill to fall by 94% across England. The Check, Challenge, Appeal (CCA) system was established in April 2017 to coincide with the most recent business rates revaluation. Following its…

Declining turnover is often identified as the initial sign of corporate distress, but a new study from Euler Hermes shows it is not as reliable as it seems. Euler Hermes’ study highlights three other indicators that can provide warning signs up to four years before an acute insolvency risk for European small and medium enterprises (SMEs)…

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 5% in September, compared with the same month in 2018.  In Q3 2019 as a whole, new business was also 5% higher than in the same quarter in 2018. New finance for…

A  new report by trade credit insurer Atradius has revealed the top trading risks within Eastern Europe’s major markets.  The report reveals that despite the end of a technical recession in Turkey, economic growth is forecast to level off this year (0.1%) and a 10% increase in business insolvencies is expected. Payment delays and default risks…

Almost two-thirds (64%) of CFOs expect that within the next five years the financial world will no longer be able to operate without big data, however, 13% of CFOs think this is already the case. Currently, financial directors are mainly using big data to make well-informed decisions (54%), to make predictive analyses (41%) and to…

Twenty firms – including IBM and Unilever – have been suspended from the Prompt Payment Code for failing to pay suppliers on time, the Chartered Institute of Credit Management (CICM) have announced. Diageo, GlaxoSmithKline and Kier businesses are also among those that have failed to honour their Code commitment to pay 95% of all supplier…

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