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China could become the world’s largest economy in the not-too-distant future and it could represent a fantastic opportunity for many UK SMEs to expand their boundaries.

SMEs rely on finance to fund their business and this is precisely why they want something done to cover the £30.2billion that they are collectively owed.

Joint Administrators Simon Thomas and Nick O’Reilly of Moorfields Corporate Recovery LLP have issued the following statement:

A quarter of SME directors have used personal finance to support their businesses, according to recent research.

If a business is struggling, one of the most important steps to take is to identify how it reached that situation in the first place, as this holds the key to any restructuring policy.

Approximately one third of SMEs in Europe failed to get the complete financing package that they had planned for during 2013, according to a recent survey.

Access to finance is important for job growth and business expansion and this is especially true in the construction industry.

Following Export Week, it is clear to see that many SMEs see overseas investment as being the key to future growth as the level of sales to foreign countries continue to increase.

According to recent research, almost two-thirds (63%) of SME owners plan to pass on their business to a member of their family once they hit retirement, while almost half (48%) would pass their business on to their offspring.

Pre pack insolvency is a procedure whereby a restructuring plan is agreed prior to a company declaring its insolvency.

Moorfields Corporate Recovery LLP has today issued further details of store closures and redundancies following the announcement made on 14 November.

Building regulations are a vital part of any building project and a failure to take them into account can result in massive losses for the businesses and people involved.

Despite the onset of a recovery from the depths of a recession, it appears that many SMEs are still concerned about their financial plight.

Businesses need to innovate and take advantage of the digital technologies that are available to them if they want to be successful on a global scale.

Financial hardship can strike at any time following an unexpected event or dip in market activity, but it is important that companies respond to such situations.

Insolvency is by no means a simple process and many different terminologies only add to the confusion associated with it.

SMEs are reluctant to borrow through fears of building up debt and concerns about the economy rather than because they can struggle to get access to finance, according to new data.

Simon Thomas and Nick O’Reilly of leading restructuring and insolvency firm, Moorfields Corporate Recovery LLP, have today [11 November 2013] been appointed joint administrators of TS Operations Limited t/a Blockbuster.

Plenty has been done by the government to tackle finance issues faced by small and medium-sized enterprises, but there is still scope for improvement according to the National Audit Office (NAO).

Moorfields Corporate Recovery announce the appointment of Nick O’Reilly as Partner, at their London Office.

When a company is experiencing financial difficulties and hardship, it does not necessarily have to result in liquidation.

The government announced that it was launching pension Auto-Enrolment over a year ago. However, it seems there is still a critical lack of understanding and preparation in place.

SMEs are turning to alternative forms of finance, according to the latest research which has showed that banks are slipping down in Google rankings.

SMEs are set to benefit from a new campaign that promises access to widespread information that can help bring about business success.

Innovation is a key driver for businesses all across the world and it seems as though more needs to be done in the UK.