Insolvency and restructuring firm CVR Global has opened a new office in Bristol and made three appointments. Steve Ramsbottom has been appointed as Partner. Ramsbottom has more than 28 years of restructuring and insolvency experience, including spells with Moore Stephens, Deloitte and KPMG. Jess Jennings has also joined CVR Global’s Bristol office as Associate Director,…
Read moreBusiness Energy specialist, PCMG has seen UK companies spending up to seven-figure sums on TNUoS charges, which have gone up by around 160% since 2010. Transmission Network Use of System charges cover the cost of transporting electricity long distances from power stations to regional networks. They make up approximately 6% of the total energy bill…
Read moreThe number of debt decrees registered against businesses in Scotland fell during the third quarter of the year, according to figures released today by Registry Trust. There were 561 decrees against all businesses in the third quarter 2017, down 43 percent compared with the same quarter a year ago. The total value of all business…
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New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) fell by 6% in September, compared with the same month last year. In Q3 2017, new business fell by 2% compared with the same quarter in 2016. While new finance for business equipment grew…
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The Treasury Committee has launched a new inquiry into household finances. The Committee will take a broad look at the state of UK household balance sheets, including whether households are saving adequately in the current economic environment. It will scrutinise problematic indebtedness, inter-generational issues, lifetime financial planning, and the effectiveness of the market in financing solutions…
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A new report by the Office of Tax Simplification (OTS) has made a number of recommendation to improve and simplify VAT. The OTS’s core recommendations includes: that the government should examine the current approach to the level and design of the VAT registration threshold, with a view to setting out a future direction of travel for the threshold, including…
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Small European businesses based in the UK pay their invoices more than two days faster than their British counterpart according to research by Opal Transfer. The research shows EU businesses based in the UK, are 9% quicker to pay invoices than British owned business. EU firms based in the UK take 18.4 days on average…
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While UK companies are is struggling to find confidence, there are some reasons to be cheerful, according to the latest ICAEW Business Confidence Monitor. Companies have seen improvements in profit growth, capital investment and sales volumes and are expecting continuing growth in 2018. Key findings for Q4 2017 in the report suggest: Although the Business Confidence…
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Credit information specialist Cocredo has announced it is celebrating its 15th anniversary. The business was established as part of Wyse Leasing and became a stand-alone Private Limited Company in 2005. Managing Director, Dan Hanocks has been with CoCredo from the start and took over complete ownership of the business in 2015. He has seen the company…
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Liquidation notices have been issued and advertised in the London Gazette for the following companies: A & N PENNINGTON (MANCHESTER) LTD A.JÆS AUTO SERVICES LTD ABB TRADING LTD ACCESSDATA CORPORATION LTD ACE ARC LTD ADVANCED CLIMATE CONTROL LTD ADVICE 4 BUSINESS (UK) LTD ALEXANDER LUCEY LTD ALLSURE LTD T/A CHASE ALEXANDER ALLWOOD INTERIORS LTD AMAVI LTD…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 12 PROPERTY RENTALS LTD 15 GREENWOOD PARK LTD 2028 X LTD A & D TRANSPORT LTD A C MORRIS BUILDERS LTD A STAR DRIVERS LTD ACORNFORD ESTATES (NORTHERN) LTD ACURATE SECURITY SERVICES LTD ADD A ROOM LOFTS LTD…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 01662739 LTD AAJ LOCKSMITHS (YORKSHIRE) LTD ABS CASES LTD ACQUASCIENCE LTD ADBRAIN LTD ADEN MORGAN SUMMERS LTD ADVANCED CLIMATE CONTROL LTD ALL EVENT STAFF LTD ANNE CLARKE ASSOCIATES LTD ASTBURY ESTATES LLP AVRO AVIATION LTD AVRO LTD B.M.J. (MANUFACTURING) LTD BAY…
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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…
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