News Centre

Alternative finance breaks £3 billion mark

The alternative finance market provided more than £3 billion in funding last year, according to a new report.

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MOORFIELDS APPOINTED ADMINISTRATORS OVER COMMERCIAL & INDUSTRIAL PARK IN GLASGOW

Property specialists Arron Kendall and Nick O’Reilly of leading restructuring and insolvency firm, Moorfields were appointed Administrators over Alexander Short Properties Limited on 30 March 2016.

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MOORFIELDS APPOINTED OVER GRADE II LISTED MANSION IN KENT

Property specialist Arron Kendall of leading restructuring and insolvency firm, Moorfields was appointed as a liquidator over Bayham House in Tunbridge Wells on 30 March 2016.

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SMEs seriously under-estimate the cost of data breaches

SMEs in the UK are seriously under-estimating the potential costs of a cyber-attack and less than half have a data breach response plan in place, according to a new report.

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Moorfields successfully secures sale of Grade II building in Nottinghamshire

Simon Thomas and Arron Kendall of leading restructuring and insolvency firm, Moorfields were appointed Joint LPA Receivers over a Grade II listed building in Nottinghamshire on 29 January 2016.

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A third of SMEs unaware of National Living Wage start date

The new National Living Wage (NLW) will become a legal requirement for employers from 1 April 2016, but despite the closeness of the deadline, a third of small and medium businesses in the UK said they were unaware of the date on which the changes are to be implemented.

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Poll suggests HMRC needs to do more to help struggling businesses

The majority of insolvency practitioners say they are hampered, rather than helped by HMRC, when it comes to developing business rescue strategies, new research claims.

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Small firms could save up to £10,000 by negotiating with suppliers

Around three quarters of SMEs in the UK say they don’t negotiate with their suppliers, according to a new survey.

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SME confidence falls to its lowest level in three years

Small business confidence has fallen to its lowest level since the first quarter of 2013, according to the latest Voice of Small Business Index published by the Federation of Small Businesses (FSB).

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What are the most dangerous ‘hidden’ risks faced by today’s businesses?

Most businesses have cover and contingency plans in place for events such as fires and the impact of crime. Cyber-crime in particular has grown from a minor worry affecting only certain types of businesses to a genuine threat to businesses of all shapes and sizes.

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Was the Budget good news for Britain’s SMEs?

In the run up to the spring Budget a number of lobby groups and trade associations were calling on Chancellor George Osborne to introduce a range of measures to help small and medium businesses. So with the Budget speech delivered, how have SMEs in the UK fared?

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Food and drink sector faces a generational ‘time bomb’

Industry body the National Skills Academy for Food and Drink has warned that the food and drink sector is facing a serious image crisis, with young people ignoring the sector when it came to choosing careers.

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Will a third of UK businesses be hacked in the next 12 months?

More than a third of British business owners in the UK said they expect their companies to be the victims of cyber-crime over the next 12 months, according to a new report.

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Campaign to reform business rates picks up steam

The Government is being urged to act on the thorny issue of business rates. Five of the UK’s biggest industry lobby groups in the British Retail Consortium, British Council of Shopping Centres, Association of Convenience Stores, Federation of Small Businesses, and British Property Federation have joined forces to write to the Treasury. The group says that, more than two years after the Government said it would review the tax, it is now time to act.

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Moorfields appointed over residential portfolio in the North West

Property specialists Simon Thomas and Arron Kendall of leading restructuring and insolvency firm, Moorfields were appointed joint receivers over a residential portfolio on 15 March 2016.

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Trade associations call for Budget assistance

Two leading UK trade associations have issued a joint statement calling on Chancellor George Osborne to address what they see as a number of key issues affecting SMEs in the Budget.

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Nearly 60% of young UK entrepreneurs are women

The majority of entrepreneurs aged under 35 in the UK are now women, a new study suggests. The 59% of female entrepreneurs in this age bracket in the UK was far higher than the global average of 47%.

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Borrowing is up but a third of businesses have no cover in place

More small businesses are applying and being approved for external finance, a new study claims. According to the SME Finance Monitor, carried out by research consultancy BDRC Continental, 70% of SMEs polled were accessing loans, overdrafts and other types of finance. This is up from 65% at the same time last year.

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CMA business banking investigation extended until August

An investigation into the small business banking sector by the UK's Competition and Markets Authority (CMA) has been extended until mid-August.

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Shoppers frustrated with the in-store experience

More than seven in ten consumers feel they know more about the products and services being offered by a shop than the shop assistant who is supposed to be guiding them, a new study has found.

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HMRC cracks down on small business VAT payments

HMRC has raised an extra £3.5 billion over the past 12 months through enquiries into the under-payment of VAT by small businesses, according to new research.

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UK workers are among the least engaged in the world

British employees are less engaged than those from many other major countries, according to a new report.

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London remains the most expensive city to accommodate an employee

The Live/Work Index, compiled by estate agent Savills, looks at the combined costs of both residential and office rental space. The survey placed the UK capital at the top of the list ahead of New York, and at more than double the cost of cities such as Sydney, Los Angeles and Chicago.

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Challanging times ahead for care homes?

Many care operators are already struggling with constant pressure to improve public sector services and manage expectations. The new National Living Wage creates another challenge for operators struggling to meet standard care regulations without further funding.

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Business broadband failure to be subject of new review

Business Secretary Sajid Javid has announced that the provision of broadband for British businesses is to be the subject of a new review.

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