FSB raises cyber fraud alarm

The Federation of Small Businesses (FSB) has warned small businesses in the UK to take urgent steps to protect from a cyber ransomware attack this week, following specific concerns it has received from the National Cyber Security Centre. As well as following its cyber protection advice, FSB says smaller businesses should put in place specific cyber…

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Asset finance increases by 9%

15th May 2017 Asset Finance |

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 5% in March, compared with the same month last year, and by 9% in Q1 2017 overall. For deals of up to £20 million, asset finance new business in March grew…

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British Business Bank vital to small firms post-Brexit

11th May 2017 Business Lending |

The British Business Bank should be readied to replicate the current role of the European Investment Bank (EIB) and European Investment Fund (EIF) in supporting small business finance markets once the UK has left the EU, according to the Federation of Small Businesses (FSB) Brexit in a new report. Under FSB’s new proposals, the British…

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Brexit funding gap a threat to growth and productivity

10th May 2017 Business Lending |

Billions of pounds in EU funding dedicated to supporting small firms must be replaced to avoid the risk of an economic slowdown post-Brexit, according to the latest Federation of Small Businesses (FSB) report. FSB is calling on the new Government to seize the opportunity presented by Brexit to radically reform England’s business support landscape. Its…

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Report: How new-model finance is changing the game for small businesses

The Centre for the Study of Financial Innovation (CSFI) has published a new report examining the growth of Peer to Peer and how it is been used by small businesses and investors. In the report, Andy Davis looks at the explosive growth of new sources of finance for small businesses over the past five years represents…

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Small firms should not pay the price of energy bills plan

The smallest businesses should not be excluded from plans to cap ‘rip off’ energy bills, according to the Federation of Small Businesses (FSB). A price cap for the 17 million households on variable standard tariffs would deal a double blow to microbusinesses – these firms are the most vulnerable and so deserve protection. Under today’s…

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LIQUIDATION NOTICES: Meeting of Creditors – April 2017

4th May 2017 Business |

Liquidation notices have been issued and advertised in the London Gazette  for the following companies: 1066 IT SOLUTIONS LTD ‎108 VAUXHALL LLP 4D MEP CAD LTD A C PRODUCE (IMPORTS) LTD ‎A L BENEFIT SOLUTIONS LTD ‎AA INDUSTRIES LTD AAHP LTD ABE HEALTH CARE LTD ‎ABLE DIGITAL CONSULTING LTD. ABSOLUTE PROPERTY SERVICES GROUP LTD ‎ACCIDENT CLAIM…

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INSOLVENCY NOTICES: Winding Up Petitions – April 2017

4th May 2017 Business |

Winding up Petitions have been issued and advertised in the London Gazette for the following companies: A.G. LAMB LTD ACQUISITION 395446180 LTD ACQUISITION 395448370 LTD ACS FACILITIES LTD ADC TRADING (UK) LTD ADRIAN V LTD AESTHETICS OF LONDON LTD ‎AIREDALE ENVIRONMENTAL SVS LTD ALBY DISTRIBUTION GROUP LTD ALEGRO ADVISORS LTD ‎AMB ROOFING SERVICES LTD ARCRO HOLDINGS…

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Six-year high in Directors receiving lengthy bans

4th May 2017 Business |

The Insolvency Service has handed out 573 director disqualifications lasting more than five years in 2016/17, the highest figure since 2010/11. In 2015/16, it handed out 532 bans. Data from the regulator showed that, in total, there were 1,214 director disqualifications in 2016/17, compared with 1,210 one year earlier. The regulator said the average period of…

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Scottish company debt decrees increase

4th May 2017 Business |

The number of debt decrees registered against Scottish companies rose by 21 percent during the first quarter of the year, according to figures released today by Registry Trust. Over the same quarter the average value of a company decree rose by five percent. By contrast decrees against businesses which were not incorporated moved strongly in…

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Companywatch appoints new CEO

3rd May 2017 Appointments |

Companywatch has appointed Jo Kettner (née Roberts) as its new Chief Executive Officer (CEO). Kettner takes over the firm’s leading executive role from co-founder and former CEO Denis Baker who will remain with the firm as a board director and full-time member of staff. Since 2003, Kettner has held a number of roles at Company Watch. Initially…

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Corporate insolvencies rise by 5.3% in comparison to last year

28th April 2017 Business |

The latest results Insolvency statistics from The Insolvency Service for Quarter 1 (January to March 2017) reveal that Company Insolvency numbers have gone down. The main findings of the report were: Total company insolvencies in Q1 2017 decreased compared with the unusually high level in the previous quarter, when a large number of connected personal service…

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Research: Trend of expanding strategic role of Financial Leaders increases mistake risks

25th April 2017 Commercial Credit Management |

An independent study commissioned by Dun & Bradstreet has shone a light on the complexities of the modern Financial Leader role – highlighting a community under intense pressure to balance traditional accounting tasks with more strategic revenue-generating activities. Of the 200 UK Financial Leaders surveyed, almost three-quarters (71%) believe finance teams are under too much…

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