According to data collected by StartUp Britain, a record breaking 80 businesses are being created by entrepreneurs every hour in the UK. The number of new businesses registered with Companies House between January and June 2016 reached 342,927.
The UK economy retained its ‘AA1’ trade risk rating in a new post-Brexit UK country report from Euler Hermes.
The Insolvency Service will be introducing a new fee structure on Thursday 21st July 2016. Back in 2014, The Insolvency Service agreed with the HM Treasury that they would review the full fee structure and devise a more transparent charging system in accordance with the ‘Managing Public Money’[...]
A Warwickshire based Building Services and Facilities Management Company, EIC Ltd has ceased trading, resulting in almost 400 job losses. Consulting and business advisory services firm, AlixPartners were appointed to handle the administration of business in June 2016.
The health of the global economy is expected to deteriorate further in 2016 as corporate insolvencies are expected to rise 2 percent worldwide, according to a new report from Euler Hermes. Weak long-term growth, increased turbulence in sectors like commodities, and the domino effect of major[...]
New figures from the Association of British Insurers (ABI) show that nearly £36 million was paid in insurance claims to small businesses in 2015 equalling 25% of the total claims for the whole year. These claims were due to customer insolvency or late payments and with the growing economic[...]
In March 2016, liquidations of UK companies who were not suffering financially hit a record breaking high.More than 2,000 companies went into voluntary liquidation according to data from Companies House, just before changes to the UK tax rules were brought to fruition in April.
According to a new study from trade credit insurer Euler Hermes, UK-based companies in sectors which are highly dependent on the European market including the chemical, automotive, machinery and equipment sectors will be hardest hit by an EU exit, if new Free Trades Areas (FTA) are not created.
According to market analysis by the Centre for Retail Research, there have been 26 major retail failures in the period since the recession, incorporating 11,220 stores and 138,134 employees. The retail businesses vary widely, from Blacks Leisure in 2008, to Brantano and BHS in 2016, with the[...]
This article is from 2016. Follow the link for more recent information on finance options.
