Local Authorities told to work with more small firms

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Local authorities have been urged to prioritise working with small firms, following the publication of figures that show just a handful of the biggest companies earn almost as much from local government contracts as all small firms put together.

 

EU Directive makes 11,000 businesses ‘small’

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Over 10,000 medium-sized businesses in the UK will become ‘small’ in the coming few years, as the EU Accounting Directive comes into force.

 

 

Is it Worth Pursuing my Rental Debt?

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It is surprising how many landlords give up chasing their tenant when they have left the property. Landlords are often so relived that they have possession of their property back, that they write off many bad debts, and in doing so incur a huge loss.

 

Pensions peak starts clock ticking for 1.6m SMEs

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A surge in activity in the auto-enrolment pensions market means the clock is well and truly ticking for the 1.6 million SMEs required to enrol into a scheme over the coming four years.

 

Fear of the Unknown: Disaster-proofing your cash flow

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Setting up a business can be an exciting time; you have an idea, perhaps even a physical product or invention, and you’re almost certain it’s going to make you rich.

 

How the Debt Market Integrator will tackle govt debt

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The government’s eye-watering outstanding debts have been making headlines since the publication of a National Audit Office report on the issue in February; however, over that same period, the Debt Market Integrator has gone largely under the radar.

 

Red tape and cash flow ‘biggest threats to growth’

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Despite high levels of business confidence, many firms remain concerned about red tape and cash flow as their two biggest barriers to growth.

 

Local council late payments ‘lag behind govt guidance’

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Despite the government’s pledge to pay its suppliers faster, local councils are failing to meet their targets, according to a report from the Asset Based Finance Association.

 

Prompt Payment Code ‘needs power and authority’

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Despite legislation being in place to enforce fair payment practices, more needs to be done in order to ensure big companies treat their smaller suppliers fairly, according to the Federation of Small Businesses.


UK growth ‘held back by late payments’

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Overcoming the problem of late payments to SMEs by their larger customers could not only help out small suppliers; it could also have widespread implications for the economy as a whole.


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