The North East Chair of R3, the insolvency and restructuring trade body, has recently said that the region’s charities should demand more access to financial details to help minimise the risk of being left ‘with an unexpected hole in their finances’. Andrew Haslam points to the theory that many not-for-profit […]
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Managing your business’s cashflow
As outlined in one of Walsh Taylor’s articles in June, managing cashflow is crucial to business success, particularly with start-up companies, where finances are typically tight. Though a lot of the issues surrounding cashflow tend to stem from a lack of effective planning, problems can arise that are beyond the […]
UK retail struggles set to continue
Despite UK retail sales surprisingly picking up across August, a recent survey found that major stores are still expecting large drops in unemployment over the coming months. The Confederation of British Industry’s (CBI) monthly retail sales gauge increased to +29 last month, which was up from +20 in June. It […]
Millennials salaries hit the hardest
The Independent reports that people in their 30s are the worst hit in terms of pay, with median earnings 7 per cent lower than in 2008, while pay for those in their 20s it is 5 per cent lower. However, salaries increased unexpectedly in July hitting 2.6 per cent. Read more… […]
What are informal agreements and when are they suitable?
Informal payment agreement can be arranged by either an individual or a company. They involve speaking to all creditors and coming to an agreement on how the debts will be paid back over a period of time. They tend to be used when the amount owed is low, there are only […]
How CVAs can assist with debt relief
With the House of Fraser case hitting the headlines in recent weeks and many UK businesses struggling in the current economic climate, company voluntary arrangements (CVAs) are increasingly mentioned in the press as a route out of a difficult financial situation. Defined as a voluntary arrangement for a company whereby […]
UK businesses expecting revenue drops
It has been revealed recently that a massive 93% of UK business owners are expecting a decline in revenue in 2019, with Brexit being cited as the biggest reason. The data, which was gathered in a report named ‘Business Insight: The Data Surge’ by MHR Analytics, a tailored commercial software […]
SME growth being held back by cashflow issues
There is certainly no shortage of challenges that SME owners face on a daily basis. In addition to a lack of contingency planning, having difficulty in finding the right staff and struggling to manage time effectively, the obvious, common problem is money. Issues with cashflow often delay recruitment, product launches […]
Consumer borrowing and interest rates rise
Though the warm weather, World Cup and royal wedding have all recently provided the UK economy with a much-needed lift, experts have warned that the nation’s finances are still recovering slowly after a sluggish start to 2018. Earlier in July, for instance, the Royal Institute of Chartered Surveyors said that […]
Official figures reveal England and Wales dept capitals
It is no secret that Britain’s personal debt issue has intensified over recent years. With the likes of payday loans, growing use of personal contract plans for purchasing cars and low interest rates, the total level of consumer debt (excluding student loans) reached over £200 billion last summer. This is […]
