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Business News

From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

UK leads way on inward investment - July 6, 2015
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The UK has maintained its position as the number one destination for foreign direct investment (FDI) in Europe after attracting a record number of projects in 2014-15. Annual figures from UK Trade & Investment (UKTI), published on 17 June, revealed that the UK attracted 1,988 FDI projects – 12 per cent more than 2013-14 – which are … Continue reading UK leads way on inward investment


Companies House launches new search service - July 6, 2015
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Companies House has launched a new, free of charge search service of digital data held on the UK register of companies. The service provides access to more than 170 million records concerning companies and directors, including financial accounts, company filings and details of directors and company secretaries throughout the life of the company. Companies House … Continue reading Companies House launches new search service


Red tape and tax high on government agenda - June 9, 2015
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Cutting £10 billion of red tape for small businesses and freezing key tax rates are among the highlights of the new Conservative government’s legislative programme. A range of measures to reduce regulation on small businesses, making it easier for them to create jobs, was included in the Queen’s Speech, delivered on 27 May, which set … Continue reading Red tape and tax high on government agenda


Cyber insurance ‘should be norm within 10 years’ - June 9, 2015
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Cyber insurance should become as common a purchase for UK businesses as property insurance within the next decade, says the Association of British Insurers (ABI). The ABI said that any business using the internet was vulnerable to threats, including deliberate attacks by thieves and data losses caused by human error, and that cyber cover should … Continue reading Cyber insurance ‘should be norm within 10 years’


Drive targets first time exporters - June 9, 2015
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A new government initiative has been launched to help businesses expand into international markets for the first time. The First Time Exporters (FTE) initiative, run by UK Trade & Investment (UKTI), includes training and advice for companies selling overseas for the first time, such as the opportunity to take part in trade missions to nearby … Continue reading Drive targets first time exporters


Firms warned to beware fraudsters - May 15, 2015
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Fraudsters are using a new scam to target small firms with established finance facilities, according to a small business finance specialist. Ashley Business Finance warned other businesses to beware after two of its clients, in Wigan and Manchester, lost more than £100,000 between them. In both cases, the fraudsters met their victims at networking groups. … Continue reading Firms warned to beware fraudsters


British Business Bank programme set to boost lending - May 15, 2015
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The British Business Bank is opening its ENABLE Guarantee programme to all banks that lend to smaller UK businesses, following completion of the first transaction under the scheme. The programme encourages participating banks to lend more to smaller businesses by reducing the capital they need to hold to support such lending. The first transaction, with Clydesdale and … Continue reading British Business Bank programme set to boost lending


SMEs ‘fail to use expert advisers’ - May 15, 2015
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Small business owners are running the risk of costly mistakes by failing to make use of expert advice when setting up their enterprises, according to new research. A survey of 1,507 small and medium-sized enterprises (SMEs) for insurer Aviva found that two in five (38 per cent) relied on advice from family or friends, while … Continue reading SMEs ‘fail to use expert advisers’


Regulator issues new auto-enrolment guide - April 9, 2015
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A new step-by-step guide to help small businesses get ready for their automatic enrolment duties has been launched by the Pensions Regulator. The online guide, written specifically for employers with between one and 50 staff, explains how to complete key tasks such as knowing when to be ready, providing a point of contact for the … Continue reading Regulator issues new auto-enrolment guide


Big companies told to publish payment practices - April 9, 2015
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Large companies will be made to publish their payment practices, as part of a government drive to level the playing field for small business. Under measures announced on 20 March, from April 2016 large companies would be required to publish their payment practices twice a year, disclosing details including: payment terms the average time taken … Continue reading Big companies told to publish payment practices


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