Latest government data has revealed that an average of six shops a day has been lost in England and Wales over the past seven years. Between 2010 and 2017, 15,856 shops were either demolished or converted into homes as retailers struggled to cope with the popularity of online commerce. There has been little reprieve under the…

Expanding commercial lending has been a strategic focus for many banks over the last few years, and this movement aligns with the growing number of Government-backed schemes to support SME lending. However, challenges inherent within commercial credit processes often hinder growth efforts. When it comes to commercial lending, most credit processes – from application through…

Responding to the 2017 Autumn Budget, Mike Cherry, Federation of Small Businesses (FSB) National Chairman, said “With costs rising and consumer demand flagging, small firms will welcome today’s business-friendly Autumn Budget. It was good to see the Chancellor’s speech acknowledge our concerns about the VAT threshold. Dragging thousands of more small firms into the hugely…

Debt Collection Agency (DCA) Controlaccount has announced it has maintained its ISO certifications for their procedures and systems for the 4th year running. ISO 9001 and ISO 27001 are internationally recognised certifications which outline strict standards that organisations must meet for Quality Management and Information Systems procedures. Controlaccount, based in Stoke Prior, Worcestershire has successfully demonstrated,…

The Insolvency Service is increasingly using ‘public interest’ disqualification orders to remove potentially rogue directors from their positions before they can do more wrong, says Moore Stephens. Data from the Insolvency Service show that the number of ‘public interest’ disqualifications have increased from four in 2015/16 to 28 in 16/17. This type of disqualification is…

Responding to the announcement of a 0.25%  increase in the Bank Rate to 0.5%, Mike Cherry, Federation of Small Businesses (FSB) National Chairman, said: “Today’s rate rise will mean yet more cost pressures for small firms as they battle spiralling prices and flagging consumer demand. An increase was inevitable at some stage so many businesses…

As speculation grows that the Bank of England Policy Committee (MPC) will increase interest rates at its next meeting in November, the ICAEW is advising businesses to be prepared following over 8 years of historically low rates of 0.5% and, since the Brexit vote,  0.25%. Matthew Rideout, ICAEW Director of Business, said: “Many businesses have…

The Information Commissioner’s Office (ICO)  will launch a dedicated telephone service aimed at helping small businesses prepare for new data protection laws. The phone service will add to a package of tools and resources already available for organisations getting ready for the General Data Protection Regulation (GDPR) which comes into effect on 25 May 2018.…

New Government figures show that less than half of eligible English councils have begun allocating their share of the £300 million business rates hardship fund launched six months ago. Sixteen English councils have not implemented any of the three business rates relief measures announced by the Chancellor at the Spring Budget. The area worst affected…

In response to news of the Government’s energy cap draft legislation Mike Cherry, Federation of Small Businesses (FSB) National Chairman,  said: “FSB supports measures to manage the rising cost of energy for those that can least afford it, including many small businesses. However, the current proposals for a price cap on domestic variable tariffs will clearly not help…

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