Monthly Archives: October 2011
A new European Commission measure to freeze the assets of British businesses deals a severe blow to the UK’s rescue culture, warns insolvency trade body R3. The European Account Preservation Order (EAPO) is set to give courts anywhere in the … Continue reading
Another 3,515 construction companies went bust over the last year[1], says Wilkins Kennedy, the Top 21 accountancy firm.
Spiralling inflation is continuing to hit small businesses hard, with runaway energy costs impacting on them the most, research carried out by the Forum of Private Business has shown.
71% of accountants say their medium sized business (MSB) clients are delaying growth plans Large firms exert downward price pressure, while supplier costs rise 80% of accountants report falling margins at MSB clients
High street banks recorded £8.4bn of gross mortgage lending in September, up 7% on the same period of 2010 and £0.1bn ahead of August’s total, as buy-to-let lending drove activity, according to the latest figures.
New research has found that payday loans are fuelling consumer debt problems, while demand for this type of easy-access credit looks to be soaring across the UK.A new survey1by national debt charity, Debt Advice Foundation has found that 41 per cent … Continue reading
Experian, the global information services company, today reveals that late payment among UK firms increased by almost a day during the third quarter of the year. UK firms settled bills an average of 26.13 days late in July, August and … Continue reading