Three out of four UK businesses have said they have yet to feel any positive or negative financial impact from the Brexit vote, according to new research by the insolvency and restructuring trade body, R3.In contrast, 16% of all businesses say that the vote has already had a negative financial[...]
Data analysis has shown that small businesses in the UK are used to waiting for payments from their customers. The analysis conducted by Ormsby Street revealed that the average time big retailers take to make payments to suppliers is 45 days beyond the agreed terms. Out of the 20 retailers studied,[...]
We recently received an email from one of our key insurance partners reminding us of their core beliefs and services. Following the Brexit result in June, the economy is faced with uncertainty for the future; therefore we thought it would be appropriate at this time to remind everyone of the[...]
The latest CBI Quarterly SME trends have shown that 25 per cent of the UK’s SMEs have increased business optimism and export prospects. The survey reported that the number of new orders increased slightly during the three months to October as well as a steady rise in output. Export orders remained[...]
According to research by Direct Line for Business, any two-week disruptions to their working operations cost small businesses £8,775. Their research, which looked at data from the last two years, has found that more than 550,000 small businesses have been forced to temporarily cease trading[...]
A landmark ruling by a High Court Judge has today confirmed that Theresa May must present plans to Parliament and gain their support, before she can trigger Article 50 and start the Brexit process. It will mean that MPs are able to contribute and must approve the Article 50 process, not just the PM[...]
The Insolvency Service has released the insolvency statistics for Quarter 2 – April to June 2016.
The Insolvency Service has today released updated insolvency statistics for Quarter 3 – July to September 2016.
The Insolvency Service has recently released modernised and consolidated insolvency rules which have been put before Parliament and which will come into force in April 2017. The new rules will replace the Insolvency Rules 1986 and their 28 subsequent amendments, and seek to better represent modern[...]
According to research by Hampshire Trust Bank, almost 45% of businesses now have plans to increase the amount of cash in their business and savings accounts, in a bid to create a ‘cash buffer’ against uncertainty. This represents a 6% increase in businesses worried about uncertainty, with 38% the[...]
