This article appeared on the Daily Mail online – Sunday 24 October 2010
The spending review last week confirmed a broad programme of public spending cuts as the key element in trimming £81billion off the budget deficit by 2014, a policy commanding wide –spread public support.
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This article first appeared on Management Today – www.managementtoday.co.uk
It’s one of the hardest things in business, persuading tough, professional moneybags to part with some of their readies to invest in your company. Experienced entrepreneurs will tell you how hard they found it to extract funding from private equity groups, venture capitalists or business angels. Many simply decide not to bother, leaving their businesses under-capitalised and cash-starved. Such firms rarely make the FTSE-100.
Few cities in the world, never mind Europe can match the splendour and style of Vienna on a sunny October day, mercifully shorn of many of its tourist hordes as the harsh chill of winter beckons. The architecture has a grace and grandeur all its own and the fashion boutiques reek of wealth and privilege, while what can possibly beat the illicit thrill of treacly thick hot chocolate and a slice of Sacher Torte, except perhaps a repeat order.
Nick Hood Comments in Management Today, Wednesday 13 October 2010
According to Begbies (home of MT’s Traveller’s Tales blogger Nick Hood), the number of companies going out of business has fallen by 18% – but that’s a slower rate of recovery than during the same time last year, when insolvencies fell by 20%. And the amount businesses owe has gone up: the total debt for those with critical financial problems has now hit £57.5bn – up from £55bn back in March. Ouch. It doesn’t exactly help, either, that in an effort to shore up its tax revenues, HMRC is adopting an increasingly hard line when it comes to chasing up taxes.
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City’s small businesses are crying out for help – City A.M, Friday 15 October 2010
IT IS a known fact that when recession strikes there is a lag between companies beginning to feel the pain and actually getting into real difficulties. This time around it is no different and, with just days to go until the Comprehensive Spending Review is unveiled, many UK businesses that are already struggling are hoping the cuts don’t finish them off.
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Property and construction recovery to struggle as 28,000 companies in financial trouble – Property Week.com, Thursday 14 October 2010
Nearly 28,000 property and construction companies are in “significant” or “critical” financial trouble, a report from Begbies Traynor has said.
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Thousands of City firms are struggling – London Evening Standard.co.uk, Thursday 14 October 2010
The number of companies based in the City who are in financial trouble rose sharply in the last three months.
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UK spending review to further hurt prop. sentiment-data – Reuters.com, Thursday 14 October 2010
LONDON, Oct 14 (Reuters) – Frail hopes of a recovery in Britain’s stalling construction and property sectors will be further hurt by the government’s spending review next week, financial advisor Begbies Traynor said on Thursday.
BGN member, Hamilton, a law firm based in Stockholm has recently merged with Nilsson & Co to form one of the City’s leading law firms, with nearly 60 lawyers. The firm will continue to trade under the Hamilton name.