Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • SMEs confident despite challenges of Brexit

    A survey of 1,000 UK SMEs found 60% are confident in the government’s ability to negotiate post-Brexit trade deals and 56% stated that the government is doing enough to support them. However, 47% feel that they’re being rushed to prepare for Brexit and 41% are concerned that importing will become more difficult post-Brexit. Lee Murphy, […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • UK enters Brexit negotiations with confidence

    UK business confidence rebounded in the quarter ahead of the triggering of Article 50, according to the latest Global Economic Conditions Survey. The quarterly survey of global CFOs and finance professionals, conducted by ACCA and IMA, has found that consumer spending has driven UK business confidence to its highest level since the second quarter of […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • Small firms bullish

    A report from the Federation of Small Business has revealed that SMEs’ confidence in the economy is at its highest level in nearly 18 months. The FSB’s index scored their optimism at 20 points, up from -2.9 after June’s Brexit vote. The weak Pound has lifted overseas sales, according to the survey of 1,245 firms. […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • Small businesses owed £44bn in late payments

    A survey by Zurich reveals 52% of Britain’s smallest businesses are owed £44.6bn in late payments between them. More than a fifth (21%) are currently owed more than £25,000, while 9% are owed more than £100,000. Almost two-thirds (65%) thought late payments were forcing some businesses to close their doors, and nearly a quarter (24%) […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • Financial jargon deters half of professional services firms

    Research by LDF has found 48.2% of UK professional services small businesses have been put off applying for finance because of jargon that accompanies the process. But despite this, only 39.8% of them have been turned down for finance. This compares with an average of 46.9% across the sectors surveyed – professional services, administrative services, […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • Entrepreneurs favour pawnbrokers over banks

    The Times looks at how entrepreneurs are increasingly shunning banks in favour of ‘luxury asset lending’ and high-end pawnbrokers. Luxury asset lending is predicted to grow by 10% a year and is used increasingly by business owners who are asset-rich but cash-poor. Companies hoping to take luxury asset lending mainstream include Borro, which has an […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • New payment rules to benefit SMEs

    Writing in the Telegraph, small business minister Margot James details new rules requiring large companies and LLPs to start reporting on their payment practices and performance for their next financial year. Starting from yesterday, large businesses will twice a year have to publish information on the average time taken to pay their supplier invoices. Every […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Jones delivers Brexit advice for SMEs

    The SME Growth Tracker, commissioned by Enterprise Nation and Amazon UK, found that SMEs have raised their revenue growth projections for the third quarter in a row and are now forecasting revenue growth of 2.3% in the next 12 months. A separate survey by eBay showed that 46% were confident about their growth prospects, compared […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Bankers face probe

    Steve Baker, a member of the Treasury select committee, has called for a probe by the FCA into allegations that former HBOS employees covered up an alleged fraud at its Reading branch. Several corrupt financiers were jailed in February over the fraud, which hurt hundreds of small businesses. The Times states that there is some […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 3 weeks ago

New blog articles detected

  • Article 50 triggered

    Theresa May has triggered the two-year countdown to Brexit after her “notification of withdrawal” letter was delivered by the UK’s ambassador to the EU, Sir Tim Barrow, to the European Council president, Donald Tusk at lunchtime yesterday. The six-page letter stated a desire for a “deep and special partnership” between the UK and the EU […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 3 weeks ago

New blog articles detected

  • A third of firms not ready for Brexit

    New research from Anaplan has found that 44% of companies haven’t started planning for Brexit, despite 77% of UK businesses being concerned about the impact of Brexit. Anaplan added that many firms are still relying on outdated, disconnected methods for planning, including pen and paper (58%), email (81%), Microsoft Excel (86%), and Microsoft Word (80%). […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 3 weeks ago

New blog articles detected

  • More firms opt for asset finance

    A report by the Asset Based Finance Association shows asset-based finance is closing in on bank overdraft’s market share as a source of finance. It found that £9.5bn was lent to small businesses via asset based finance in 2016, a 3% increase from £9.2bn in 2015. In contrast, the number of business bank overdrafts decreased […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 3 weeks ago

New blog articles detected

  • RBS accused of watering down compensation scheme

    Royal Bank of Scotland has been accused of undermining a compensation scheme for SMEs that were mistreated by its Global Restructuring Group. It has emerged that any offer of a payout related to the activities of the restructuring division will be withdrawn if companies make an appeal to the retired high court judge who is […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 3 weeks ago

New blog articles detected

  • SMEs stressed over finances

    A report from Nesta, the innovation charity, has found that 40% of British entrepreneurs have admitted that managing their finances and banking have become the most stressful part of running their business. This stress is taking its toll, with one in six (17%) saying it has made them unwell. “For many small businesses financial admin […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Rates concessions ‘don’t go far enough’, says Khan

    Sadiq Khan has said he will continue to pressure ministers to make it easier for entrepreneurs to set up and grow businesses in the face of Philip Hammond’s tough rates rises. “While I am pleased that the Chancellor addressed some of these concerns in the Budget, the measures that he announced did not go far […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Factories see order books grow

    New research has found that the majority of small manufacturers grew orders over the final six months of 2016. The national manufacturing barometer found that 57% of SME manufacturers increased sales while two thirds expect revenues to rise over the first half of this year. SWMAS Group and Economic Growth Solutions, which commissioned the research, […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • SMEs planning to expand

    Almost seven in ten Scottish SMEs plan to expand organically over the next few years despite uncertainty about Brexit and the potential for another Scottish independence referendum. The survey of 300 SME decision-makers across Scotland by Johnston Carmichael found that 69% have ambitions to grow through non-acquisition means in the short to medium term. Some […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Getting beyond the spreadsheet

    The Telegraph highlights some of the approaches SMEs are using to better manage their finances. Simple steps, such as a whiteboard in the office detailing overdue accounts, can help to keep finances under control, while building closer relationships with clients is also recommended as a way of improving the flow of money between companies and […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • IMF “encouraged” by strong UK growth

    Christine Lagarde has said the UK’s growth in recent months has been “encouraging”. The head of the IMF said that the outperformance of the UK was one of the factors helping the world economy to reach a “turning point” as growth starts to pick up. source and read more: http://www.cityam.com/260898/imf-encouraged-strong-uk-growth-christine-lagarde-says

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Businesses could become ensnared in red tape

    A House of Lords report has warned that businesses could become ensnared in red tape unless the government heeds the concerns of industry and retains EU regulations after Brexit. The EU external affairs sub-committee noted that HMRC was planning to replace its IT system to handle the hundreds of millions of additional customs declarations that […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Business rate reliefs unveiled

    A £435m package of business rate relief has been announced, including a £300m hardship fund to enable local authorities to offer discretionary relief to the worst-hit firms. Additionally, rate rises for businesses losing existing relief will be capped at £50 a month for five years. Meanwhile, every pub with a rateable value of less than […]

  • Rising costs top biggest concerns for SMEs

    A new report from Bibby Financial Services has found that 22% of UK SMEs are most concerned about rising costs. The number of businesses that see rising costs as a significant challenge has doubled over the past 12 months, underlining the impact of a Brexit-driven rise in inflation and depreciation of the pound. Increasing competition […]

  • Business rates ‘winners’ set to lose out

    According to the Telegraph, the so-called “winners” of the Government’s revaluation of business rates will receive smaller reductions to their bills than previously thought. New rates bills have revealed that the majority of businesses will not enjoy the full value of their rates decreases because of efforts to compensate companies elsewhere in the country. The […]

  • Reform business rates to ease the tax burden on SMEs

    The British Chambers of Commerce (BCC) has suggested that the Chancellor should reform the business rates system to ease the tax burden on small firms. The BCC wants Philip Hammond to accept lower revenues so he can reduce the rise for the hardest hit, use the CPI rather than the RPI measure of inflation, and […]

  • Business rate relief suggested for SMEs

    Sajid Javid, the Local Government Secretary, is examining proposals for a £150m fund to give relief to small businesses that are facing huge increases in their business rates, according to the Telegraph. Ministers are also considering alternative plans to raise the maximum level at which business rate relief applies, which would enable more companies to […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • UK manufacturing growth remains solid

    British manufacturing growth slowed slightly last month, despite the weaker pound boosting overseas orders for the ninth consecutive month. IHS Markit’s manufacturing PMI eased to 54.6 in February, from a downwardly revised 55.7 in January, as domestic orders slowed. read more and source: http://www.standard.co.uk/business

  • Warner: Britain is heading towards a low wage, low productivity economy

    Jeremy Warner writes in the Telegraph that the UK economy is becoming worryingly dependent on household and government consumption. He says that trade and investment, areas which should benefit from a weaker pound, are net drags on the economy. To boost growth he recommends that Philip Hammond reforms the tax system so as to support […]

  • Business rate relief fund required

    The Shadow Chancellor John McDonnell will today call for a £500m emergency package of funding to help high-street shops which are facing a rise in business rates. He will warn that high streets face becoming a “wasteland” unless small companies are offered help. Meanwhile, Adam Marshall, the director general of the British Chambers of Commerce, […]

  • Inflation will hurt small firms

    The insurance group RSA has forecast that a 2.7% rise in inflation, in turn bumping up the price of imported goods, would add £6.8bn to smaller company costs. RSA said that 2017 was shaping up as a “tough year for businesses”, with Russell White, from RSA’s commercial risk solutions department, calling for the Government to […]

  • Pressure grows for total rethink on business rates

    The government is facing calls to overhaul the business rates system completely, rather than just offer help for small firms affected by the revaluation of properties. Eleven leading trade bodies – including the CBI and the BCC – have written to MPs to argue that the system is “unfair, outdated, and deters investment”. The groups […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Government promises ‘fairer’ business rates system

    The government has promised measures in the Budget for firms facing the “steepest increases” in business rates. Communities Secretary Sajid Javid told the House of Commons it was “clear to me that more needs to be done to level the playing field and make the system fairer”. He added that he and Philip Hammond were […]

  • Business rates blow could be ‘softened’ in budget

    Philip Hammond has signalled that the government is considering alleviating the impact of changes to business rates, following a backlash among some Conservative MPs. The Chancellor told the party’s influential 1922 committee he was “alive” to the impact the changes will have on some high street shops and was “open” about ways to help. Earlier, […]

  • Concerns persist over business rates

    In a private letter to Conservative MPs, Communities Secretary Sajid Javid and Treasury minister David Gauke have criticised a campaign of “distortions and half-truths” that have prompted much outpouring of concern about the impact of forthcoming business rate changes. There was also an attachment to the letter which detailed the list of constituencies that will be […]

  • Businesses tweeting positivity

    The Telegraph’s Business Tracker, an analysis of the Twitter messages of 25,000 British companies and business people compiled by Impact Social, has found British SMEs are largely positive about their financial prospects, with 31% providing positive sentiment and only 12.8% negative. The remainder were neutral. Businesses remain severely divided on Brexit, however, with 11% of […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 2 months ago

New blog articles detected

  • UK inflation highest since June 2014

    Annual inflation as measured by the Consumer Prices Index (CPI) reached 1.8% last month, the ONS said, up from a rate of 1.6% in December. It is the fourth consecutive month that the rate has risen and takes inflation to its highest since June 2014. The rise has been driven by a surge in fuel […]

  • Economic predictions revised

    The European Commission (EC) has predicted that the UK economy will slow down over the next couple of years. Its latest forecast says the UK economy will grow by 1.5% this year and by 1.2% in 2018, compared to 2% last year. The EC says the slowdown is prompted by uncertainty following the EU referendum. […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 2 months ago

New blog articles detected

  • Bank warns against ‘lax financial rules’

    The Bank of England’s Deputy Governor for Financial Stability has warned against relaxing banking regulation, saying that such a move could damage the global economy. Sir Jon Cunliffe said that “lax controls” risked undoing progress that had been made since the financial crisis. His comments come after suggestions that if Britain did not secure a […]

  • Half of SMEs plan to increase prices

    More than half of SMEs say they will increase their prices this year due to the weak pound, a survey by the BCC has found. Meanwhile, about the same proportion said currency was having a negative impact on their profitability. The BCC said rising import costs were “squeezing” SMEs’ margins, and director general Adam Marshall […]

  • SMEs deserve protection from mis-selling

    James Hurley discusses the HBOS scam which saw six people jailed last week for conspiring to asset-strip small businesses and spend the proceeds on a life of luxury. He says such scandals are leading to calls for more protection for SMEs, but the problem lies in the fact that commercial lending is not regulated. Alison […]

  • Small businesses ‘facing bankruptcy’ over rates rise

    Business lobby groups have demanded an easing of exemption rates and other reforms of business rates as part of their request to the Treasury ahead of the Budget. read more and source: https://www.ft.com/content/64def016-e88f-11e6-967b-c88452263daf

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 2 months ago

New blog articles detected

  • Record rise in manufacturing input costs

    The headline Markit/CIPS Purchasing Managers’ Index came in at 55.9 for January, down from 56.1 in December, as manufacturers were forced to increase their own prices at the fastest pace since April 2011. Input costs rose at the fastest pace since the survey was first compiled in 1992, attributed by respondents to sterling’s 12% trade-weighted […]

  • Hope remains for peer-to-peer lending

    The Standard’s Anthony Hilton discusses the peer-to-peer lending model and is optimistic that, despite problems experienced by Wellesley and RateSetter’s bad-debt scare last year, the successes in the sector have the potential to make a lasting impression. It should be expected that smaller operators fail if the economy turns downward, he says, while bigger players […]

  • Small firms suffer financial distress

    Research by Begbies Traynor reveals more than 275,000 companies were showing signs of significant financial distress at the end of last year. The firm’s Red Flag Alert analysis found that on a year-on-year basis, corporate stress rose for the 13th consecutive quarter towards the close of 2016. Furthermore, over 90% of companies experiencing “significant” financial […]

  • UK economy grows by 0.6% in fourth quarter

    The UK economy grew by 0.6% in the October-to-December period, the same rate as in the previous two quarters, and 2% for the year as a whole, according to an initial estimate from the ONS. The services sector grew by 0.8% in the quarter, helped by growth in retail sales, the ONS said, with the […]

  • Manufacturers’ orders hit two year high

    The CBI industrial trends survey reveals factories have started 2017 on the front foot, with total orders climbing to their highest level in nearly two years. A balance of 5% of companies had a rise in orders in January, the best reading in 23 months. Manufacturers also revealed that they were investing and hiring as […]

  • Rising costs concern SMEs

    The latest SME Confidence Tracker from Bibby Financial Services shows more than a fifth of small businesses say rising costs are their biggest concern this year. The proportion of firms expressing such fears has doubled in the space of 12 months. Bibby’s Edward Winterton says business should deal with rising costs by managing overdue payments, […]

  • New P2P lenders may expose investors to risks

    The Times reports that concerns are growing in the P2P lending industry that the market is being flooded with start-ups, that could expose investors to undue risks. Figures from the FCA show that scores of operators are in the process of applying for regulatory authorisation. As of December 28, 56 firms had either “interim permission” […]

  • Nervous SMEs consider hiring freeze

    A survey by Close Brothers has found 51.2% of SMEs were reluctant to hire new staff over 2017 amid nervousness about the prospects for the economy and the uncertainties of the UK’s withdrawal from the European Union. Among the SMEs that do anticipate taking on staff, 22.9% said they would look to temporary workers or […]

  • Drivers and concerns for entrepreneurs

    A new report by the Telegraph and Omnicom Media Group – Entrepreneurial Britain – provides insights into the motivations of the SME founder community, and the common challenges that face small businesses. The chief concerns regarded financing while finding staff with the right skills was also a major area of concern. The inspiration for many […]

  • Small businesses pessimistic over growth during 2017

    A survey of 1,200 SMEs conducted by O2 found just 46% were predicting 2017 will be better than 2016. Digital skills, trade deals and economic uncertainty were key concerns. source and read more: http://www.independent.co.uk/news/business/sme

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 6 months ago

New blog articles detected

  • Britain rises in competitiveness index

    Britain has been named as the world’s seventh most competitive economy, rising three places since last year. The global index, compiled by the World Economic Forum, is based on 100 different indicators, ranging from the flexibility of labour markets to the quality of a country’s infrastructure. Meanwhile, the World Trade Organisation has predicted the UK […]

  • UK SMEs wasting time taking cash to bank

    SMEs spend 26 hours a year travelling to make cash deposits, according to Barclays Business research, which claims the wasted time has led to the loss of 93m hours across all UK small businesses. Some 27% of SME owners regularly put off taking their earnings to banks and 7% admit keeping their cash in a […]

  • Financial services optimism falls while volumes rise

    Forty-eight per cent of UK financial services companies questioned in a quarterly survey by the CBI and PwC said that business volumes were up since Britain voted to leave the EU and 13% said that they were down during the three months to September, generating a positive balance of 34%, up from 22% in Q2 […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 7 months ago

New blog articles detected

  • SMEs see business plans shift following Brexit vote

    The research shows that two thirds of UK SMEs have had to change, or are in the process of changing their plans, which range from hiring to investing in growth opportunities. While the majority of SMEs surveyed have felt no impact to business levels yet as a result of Brexit, many are looking ahead and […]

  • Small Talk: Start-ups that steer clear of the five fatal traps have got a fighting chance

    There is no single secret of success that will guarantee your business makes it. But if you study those ventures that come up short, you’ll find the same mistakes recurring Will 2016 be the year you finally take the plunge? More businesses than ever before were launched in both 2014 and 2015, but still a […]

  • SMEs doing their bit for job growth

    The FSB has heralded the work of SMEs in creating jobs. The latest labour statistics, released today, reveal that employment is up by 174,000 jobs and unemployment has fallen to 1.63 million, down by 39,000 from the previous period. The FSB says that the figures show that, despite the challenge of meeting the demands of […]

  • UK interest rates left unchanged at 0.25%

    The Bank of England’s Monetary Policy Committee has unanimously voted to keep its main interest rate at 0.25%, but indicated it may cut rates further in the coming months. The MPC also acknowledged that in recent weeks, economic data coming out of the UK has been stronger than expected since August’s rate cut. Under a […]

  • No ‘Brexit effect’ in latest jobs data

    Economists have said the slight fall in UK unemployment to 1.63m, between May and July, shows there is yet to be a “Brexit effect” on the jobs market. The unemployment rate was 4.9%, down from 5.5% a year ago and little changed from last month’s rate, ONS data shows, with nearly three quarters of people […]

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