Mr Vince Cable, the Business Secretary, has recently made it known that banks are “not acting in the national interest”. This is because many of the banks do not tend to be lending to small companies and some small companies are failing, maybe because of lack of funding. From the banks side, they state that [...]

Continue reading " The Business Secretary Warns The Banks About Lending To Small Enterprises, But A Small Company May Need Help To Get An Invoice Paid By A Large Company. "

The election verdict being a hung parliament really puts the forthcoming Acts of Parliament in the balance, since there will be deals to be made if a government is to be formed and who knows what could be open to discussion. Certainly the business community has been worried by the proposed National Insurance rises as [...]

Continue reading " Will The Outcome Of The Election Make Any Difference To The Legislation Applicable To Businesses Who Are Waiting For An Bill To Be Paid By Another Enterprise? "

The Office of National Statistics has reported that the UK economy has grown to 1.1% in the second quarter, which is way better than the predicted growth of 0.6%. The improvement areas were services and construction, but transport was down, presumably from the repercussions of the Icelandic volcanic ash clouds that prevented flying for so [...]

Continue reading " The UK Economic Growth Has Risen To 1.1%, So This Should Help A Small Organisation Get A Large Organisation To Pay Their Latest Invoice. "

The finance houses do not appear to be treating small firm clients very well, even treating them badly in some cases it looks. In one case the owner of a small firm, when it was time to review his overdraft, his finance houses representative recommended that he take out a business loan to cover the [...]

Continue reading " A Small Business Needs Help From Their Bank After Having Outstanding Invoices, But All They Get Is Their Overdraft Downgraded. "

Despite the economic downturn and bailing out of finance houses by the Government, finance houses are still filling their bonus pots rather than helping small companies. Where finance houses do lend to small companies they seem to be setting high rates of interest, which could well put a lot of small companies off. Where a [...]

Continue reading " Banks Still Pour Money Into Their Bonus Pots, But Refuse To Lend Money To Small Enterprises At Reasonable Rates. "

The financial turmoil that has hit some European countries such as Greece, Spain and Portugal, where they have seen their economies suffer and almost faced bankruptcy, only to be saved, almost at the eleventh hour, by other eurzone countries, has caused much concern in the money markets. While the UL economy has large debts, there [...]

Continue reading " The Euro Bailout And Its Effect On Confidence In Enterprises Could Hurt Small Enterprises Looking To Get Finance. "

The poor financial climate has brought many issues to companies, large and small, but when a small, business is left waiting for a large business to pay an overdue bill, then to see finance houses posting large profits and paying out bonuses, but refusing to extend overdrafts must be hard to accept. If the small [...]

Continue reading " A Small Organisation Has An Overdue Invoice With A Large Organisation And Needs Finance, But Banks Make Big Profits But Still Won’t Lend To Small Businesses, So What Is Left? "