News Centre

The average cost of a UK data breach stands at more than £2.5 million

The average cost of a data breach for global businesses has risen by almost a third since 2013, according to a new study.

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Select committee suggests pay cut for execs overseeing data breaches

Chief executives who fail to prevent cyber-security breaches could face having a portion of their pay docked, according to a Culture Media and Sport Select Committee report on cyber-crime.

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Are businesses failing badly on mobile security?

Businesses could be failing to provide adequate protection to mobile workers and the sensitive data they may carry.

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SMEs are still not prioritising cyber-security

Small and medium businesses could be putting themselves at risk by not taking effective steps to protect themselves from cyber-attacks, a new survey claims.

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HMRC looks for a technology partner to help predict insolvency risks

HMRC has announced that it is seeking a partner to collaborate on a system that would use predictive analytics to identify and manage insolvency risks in private companies.

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A third of Europe’s ‘Unicorns’ are British businesses

The number of unicorn businesses – tech-based start-ups valued at $1 billion or more – in Europe is on the rise.

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Small businesses could be losing thousands each year on preventable breakdowns

Small businesses in the UK are losing themselves an average of nearly £3,500 every year due to preventable vehicle breakdowns, according to a new report.

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Moorfields appointed administrators over converted mission house

Property specialists of Moorfields have been appointed joint administrators over Oakwood Developments (Holdings) Limited on 16th June 2016.

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A third of SMEs have missed opportunities due to lack of mainstream funding

Nearly a third (31%) of small and medium enterprises in the UK have missed out on a business deal or investment opportunity due to a lack of access to funding from mainstream lenders, a new report claims.

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Internet outages could be costing businesses more than £12 billion a year

Internet outages cost UK businesses an estimated £12.3 billion last year, according to a new study.

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MPs warn that the UK faces a digital skills crisis

The UK is facing a worsening digital skills gap, a new Select Committee report has warned.

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Smaller firms being ‘disproportionately hit’ by cyber-crime

High-profile attacks on large multinationals might grab the headlines but a new report from the Federation of Small Businesses (FSB) claims that smaller firms could be shouldering a higher proportion of the costs of cyber-crime.

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Moorfields appointed receivers over investment properties in Leeds

Property specialists Simon Thomas and Arron Kendall of Moorfields have been appointed joint LPA receivers over Streetcrest Limited.

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SMEs warned to tighten contracts to avoid losses in insolvency disputes

Changes to the rules under the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO) could have unintended consequences for businesses owed money by companies entering administration, a new report has warned.

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UK firms could be neglecting physical data protection

The costs of data breaches via cyber-crime tend to dominate the headlines these days and many business owners and decision-makers perceive online threats as some of the biggest risks facing their organisations.

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Moorfields appointed receivers over residential property in Bradford

Property specialists Simon Thomas and Arron Kendall of Moorfields have been appointed joint LPA receivers over Kes (1960) Limited on 10 June 2016.

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Moorfields appointed administrators over part build development site in Kent

Property specialists Arron Kendall and Simon Thomas of Moorfields have been appointed joint Administrators over Beach Street Associates Limited.

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Nearly a third of start-ups are fuelled by redundancy and unemployment

Many people dream of starting a business and working for themselves. A recent survey from the Start Up Loans Company revealed that more than 60% of British parents would like to quit their jobs and start their own business. Reasons cited included increased flexibility, the opportunity to be their own boss, the chance to make more money, to turn a hobby or passion into a living and to gain a sense of self-achievement.

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SME confidence wanes as economic uncertainty takes hold

Small and medium-sized businesses in the UK are increasingly concerned about their prospects for growth in the coming 12 months, a new survey shows.

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Small businesses reveal their biggest worries of the year

Around a third of small businesses are concerned about sales and more than one in ten are worried about access to finance, according to a new survey. However, they are relatively relaxed about issues such as pension auto-enrolment, meeting the obligations of the National Living Wage and attracting and retaining skilled workers.

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Solvent liquidations tripled in the run up to April’s tax changes

March saw a record number of solvent companies being liquidated as directors looked to cash-in before tax changes were introduced that could have potentially tripled their tax bills.

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BIS launches consultation to shake-up of the UK’s corporate insolvency regime

The Department for Business, Innovation and Skills (BIS) has published a new consultation paper reviewing the corporate insolvency framework within the UK. According to the department, the review is focused on helping to facilitate company rescue rather than liquidation where this is possible and appropriate.

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SMEs remain evenly split on EU referendum

Big business might be largely in favour of remaining as part of the European Union, but with less than three weeks to go until the referendum, small and medium enterprises appear to be evenly divided on the issue.

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A third of SME owners use personal funds over professional finance solutions

Around one in three (30%) SME owners resorts to personal funds rather than professional lending and other financing options, according to a new study.

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Moorfields appointed receivers over Retail Portfolio

Property specialists Arron Kendall and Simon Thomas of restructuring and insolvency firm, Moorfields have been appointed joint receivers over 6 retail units.

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