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Despite the financial downturn and bailing out of financial institutions by the Government, financial institutions are still filling their bonus pots rather than helping small organisations. Where financial institutions do lend to small organisations they seem to be setting high rates of interest, which might well put a lot of small organisations off. Where a [...]
The election result being a hung parliament really puts the forthcoming laws in the balance, since there will be trading to be done if a government is to be formed and who knows what could be up for negotiation. Certainly the business community has bemoaned the proposed National Insurance hikes as bad for any recovery [...]
Consumers and federal governments are buckled with a massive debt mountain. It is fair to say as consumers we, like many of the banks, have taken out too much debt and have our own debt issues. Having a large amount of debt was not an issue several years ago because we often could either use [...]
The new small enterprise may well have been created by a former member of staff of the large enterprise who was given the opportunity to go it alone and promised a project to get them up and running. The large enterprise may have been cutting numbers as part of handling the economic situation, where the [...]
It must come as nothing new that in the recent economic situation some businesses are seeing late payment difficulties. For a small organisation that has been providing support for a large organisation for a long time and has not had any invoice payment difficulties, to find that their latest invoice has remained unpaid beyond the [...]
The Budget of July 8th 2010 did contain elements that will help small companies, such as these as copied from the Directgov website: • Capital Gains Tax – the 10 per cent CGT rate for entrepreneurs will rise from £2 million to £5 million• Corporation Tax – the small profits rate of Corporation Tax will [...]
Since the economic climate the stock markets have been descending more than ascending and this might well have hit enterprises that have investments in stocks and shares as the values will be altering regularly so confidence in them might well be at a low point. The share price of PLCs might well be affected by [...]
The British Chambers of Commerce (BCC) carried out a survey of 5,600 British organisations recently and has reported growth of between 0.6% and 0.7% for the three months to the end of June. They did have some worries though, for maintained recovery and also for recovery in the service sector. Manufacturing was doing better but [...]
The recent economic downturn has certainly revealed a multiplication in the numbers of both Debt Collection Agencies and lawyers who have expeience in business Debt Collection, but is this partly a case of them wanting to tap into the Debt Collection market? They may well have seen enterprises complain that they were not having their [...]
When a small organisation has worked up a good working relationship with a large organisation it may come as a shock when the latest account for work completed[/spin] or items supplied remains overdue after the agreed completion date, when all previous accounts have been paid well before the final date. If the small organisation gets [...]
When one firm has been doing contracts for a larger firm over many years, then it is most likely to have seen a good working relationship develop over that time and one which both firms will surely value. However every relationship has its ups and downs and if the current economic climate puts pressure on [...]
If the small business has not had to recover any bad debts previously and has completed projects for the large business for a long period, this unsettled invoice might come as a bolt from the blue. It might not be so abnormal, given that the country is still in a financial downturn, that some companies [...]
When a small company has completed a project for a larger company and sent in their invoice as always, it may come as a surprise if they are left waiting for payment after the final payment date. In the current recession, many organisations have gone into recievership while others are fighting to stay solvent, so [...]
When a small organisation has been awarded many contracts for a range of larger companies and has never had any overdue settlement of their accounts, it might come as a disappointment if one of the large companies has let their latest bill go past the agreed payment date without paying it. After such a long [...]
While the economic downturn has proved terminal to some enterprises, others which are still in business have to cope with a downturn in business, financial limitations or high interest rates by the banks and although there is a better outlook from the coalition government, no clear path for the future has been publicised as yet. [...]
When a small business has done work for a large business over a period of time and has always had their bills paid on time, it might come as a disappointment to see that their latest invoice is still unsettled after the agreed payment date. Having worked with the large business for some time, the [...]
In these days of the long term, stressful financial climate, it would be no surprise for a organisation to find itself with more than one late bill on its books. When it comes to doing something about this situation is where the organisation will have to make some decisions, such as whether to use a [...]
For a small enterprise which has so far survived the financial downturn so far, to realise that their latest invoice for jobs done for or equipment supplied to a large enterprise is now overdue, this must come as a shock. When the small enterprise has given support services for the large enterprise over several years [...]
When one business has been doing jobs for a larger business over some years, then it is sure to have seen a good commercial relationship grow over that time and one which both organisations will no doubt value. However every relationship has its ups and downs and if the current economic climate puts pressure on [...]
When an entrepreneur has started their own business and has been awarded several contracts with different larger companies, they may be disappointed if one of these large companies leaves their account unpaid beyond the agreed final payment date. If this is the first time that the small business has been let down, they would naturally [...]
With the new coalition government more or less established and having declared their strategy for handling the massive national debt and the governor of the Bank of England has praised the strategy as “strong and powerful”. The announcement was also welcomed by business leaders, the CBI and the British Chambers of Commerce, so this must [...]
maybe the financial climate has hit small companies the hardest in the business community since they might well have a small number of revenue income streams and would value each and every customer they have. If such a small enterprise has been working with a large enterprise for several years and has seen a repeated [...]