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Company insolvencies fall through 2012
Posted on December 10, 2012
There were 3,971 compulsory liquidations and creditors’ voluntary liquidations in total in England and Wales in the third quarter of 2012 (on a seasonally adjusted basis). This was a decrease of 2.8% on the previous quarter and 6.6% less than the same quarter a year ago.
Mastering your cashflow finances
Posted on September 5, 2012
An independent survey of business owners conducted showed that 8 out of 10 business owners don’t feel like they have their business’ cashflow under control. A further 79% admitted to not knowing what their cash balance would be in 6 months’ time.
Key points about starting a business
Posted on September 5, 2012
Key research conducted by pawn asset lender Borro shows that entrepreneurs require about £94000 in order to start-up a business. Furthermore, about 38% of SME owners polled revealed that they had to sink into their personal funds from their savings into the business. As the general economic climate continues to hunt businesses, 10% of SME […]
Economy figures spark fears of high administration numbers
Posted on September 4, 2012
Figures released by the Office for National Statistics (ONS) show that the UK economy fell by 0.5% between the months of April and June (Quarter 2). Though all may seem gloom, the good news is that the data is less than the original estimate of a 0.7% contraction published in July.
Is Administration always a bad thing?
Posted on August 28, 2012
Although a business would go into administration if when they are unable to pay their debts (insolvency), it doesn’t necessarily mean the end of the world. In fact, an administrator will make it their interest to keep the company running and trading as normal, if they can. In this case, Administration may be seen as […]
Financial Risk Assessment
Posted on July 24, 2012
It goes without saying that every business is subject to numerous risks. No matter the sector; no matter the product, there are always risks involved. Even in an industry thought for many years to guarantee profits such as Crude Oil production,
7 Rules all Young Entrepreneurs Should Follow
Posted on July 11, 2012
Young entrepreneurs have never had it so tough. Reduced funding and investment opportunities combined with a lack of government assistance in a number of legislative areas mean young entrepreneurs have Olympic hurdles to jump before they even get off the starting block. Thus, it goes without saying that good advice is invaluable to young entrepreneurs, which is why we have put together this list of top tips from industry insiders that if followed, are sure to get any young firebrand off to a good start.
Plugging the Holes of Inefficiency
Posted on July 2, 2012
There are different definitions of efficiency in the schools of business, and economics, but it all boils down to this: make the most of your resources. In other words, are you getting the maximum productivity from your workers, assets and your liabilities?
Putting Your Business On A Budget
Posted on June 29, 2012
For every complex business problem there is a simple solution. Most consultants want to make the solution seem more difficult in order to charge more for their services. Here at Business Recovery we treat our clients the way they deserve. With all the costs and fees that come with running a business, who needs the extra financial burden? That is why our methods are cost-effective, and our clients keep coming back for more. We also look at the full picture, so our solutions take into consideration other aspects of your operation, so we make sure it is the right fit for you.
Make Business Bankruptcy a Thing of the Past
Posted on June 29, 2012
Instead of running to the bank every time your business is in trouble why not come to a business consultant instead? The banks job is to give you money and make you dependent on them; our job is to show you how much money you already have, and to make you self-dependent. If your business […]
