News Centre

New late payment guidance to tackle growing threat to SMEs

Guidance that aims to tackle late payment practices has now been published which confirms that regulations will come into force in April.

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A third of UK SMEs fear for exports post-Brexit

Nearly a third of the UK’s small businesses have revealed export concerns should the UK leave the single market as part of Brexit negotiations.

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New insolvency rulings target the domino effect

A new set of insolvency rulings are set to be introduced in the UK this April, with the aim of streamlining, modernising and consolidating existing procedures.

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New Senior appointment at Moorfields to boost presence in the South East

Leading restructuring and insolvency firm Moorfields Advisory Ltd, take on David Gilbert as Partner to boost growth in the South East.

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Unpaid VAT bills totalling £2.6 billion owned by UK businesses

The UK’s small businesses owe billions of pounds in unpaid VAT bills as tax deadlines loom, new research has revealed.

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Businesses face losing customers with data breach failures

Firms that fail to adequately protect data from security breaches run the risk of losing customers, according to new research.

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Moorfields appointed Administrators of Shopping Centre Portfolio

Property Specialists Arron Kendall and Simon Thomas of Moorfields Advisory have been appointed administrators over three companies within the Frogmore group following the borrower’s failure to repay the loans when due. The assets comprise the Broadwalk Shopping Centre in Bristol, Port Arcades Shopping Centre in Ellesmere Port and Belle Vale Shopping Centre in Liverpool.

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Going digital could generate £8.4 billion annually for offline businesses

A fifth of the UK’s small businesses lack an online selling platform where can people can purchase the goods and services they offer, and new research suggests it is severely limiting their growth potential.

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Less than half of small firms expect growth in 2017

Under half of the UK’s small and mid-sized firms see growth as a potential outcome for their business in 2017, according to new research.

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Nearly half of SMEs claim banking advice failed them in 2016

Almost half of the UK’s small business owners have claimed the advice they received from major banks in the last year had a detrimental effect on their business.

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Small firms could face £52 billion of security fines by 2018

The UK’s army of small businesses could be left reeling by fines for security breaches in the coming years, according to new research.

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Small firms slam local government business support

The majority of small business owners in the UK believe that local government business support does not support their requirements.

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Stressed SME workers look to leave roles

Two thirds of employees at the UK’s small and medium-sized firms admit to lacking motivation in the workplace, yet 81% of employers do not believe there is an issue.

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UK firms missing R&D tax saving opportunities

Some firms could be missing out on millions of pounds of potential research and development tax savings annually, according to new data.

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Cyber criminals increase attacks on UK SMEs

Cyber-attacks on the UK’s small businesses surpassed 1,000 a day in late 2016, according to new figures.

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SME borrowing to top £50 billion in 2017

Small businesses in the UK are set to borrow more than £50 billion this year, marking a 22% year on year rise according to new research.

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Small businesses reveal skills recruitment concerns

Small firms across London are struggling to find skilled workers that suit their needs, which is having a huge impact on their growth potential.

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Delayed invoice payments a major issue for six in ten SMEs

A rising number of small businesses are facing financial difficulty due to delayed invoice payments, new research has revealed.

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Two-thirds of businesses reliant on outdated internet connections

The majority of the UK’s small businesses are heavily reliant on outdated internet connection, which could be negatively impacting their growth potential.

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Moorfields appointed over leisure facilities in Lancashire

Property specialists Simon Thomas and Arron Kendal have been appointed joint administrators over PMG Leisure Limited on 20th December 2016.

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Burnout forcing small business owners to assess options

Small business owners in the UK are facing burnout and many are reporting that it is having a detrimental effect on their business.

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North West outperforms London for new business start-ups

The North West offers better conditions for business start-ups than London, with growth of 10% higher than that found in the capital, according to new figures.

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