Posts Tagged ‘late payment legislation’

Corporate Insolvencies in 2017, Duty to Report Payment Practices and Business Plans – BFB Epsd 200

Posted on: February 3rd, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Here we are with the 200th episode of the Business Finance Bulletin – another milestone achieved in bringing you the latest small business finance news and tips.

We start this episode by taking a look at the 2017 corporate insolvency figures released by the Insolvency Service. Whilst the whole year makes sombre reading in terms of an increase in the number of businesses entering insolvency proceedings, the last quarter of the year though does make better reading.

One tool the government has in its toolbox to help tackle late payment is the Duty to Report requirement imposed on larger business in April 2017. We take a look at the payment practices of these firms as revealed in the first six monthly report.

When it comes to business planning, many business owners shy away from preparing a Business Plan because they are unsure what to include. To close this Bulletin, we share a quick content guide focused on four key areas.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

New Female-Only Crowdfunding Platform, The Small Business Commissioner and Your Credit Report – BFB Epsd 143

Posted on: October 28th, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Access to finance can be a challenge at the best of times but research has shown that female entrepreneurs struggle more than their male counterparts when it comes to raising funds. In this episode of the Business Finance Bulletin we take a look at the launch of a new, female-only crowdfunding platform, which not only provides access to equity funding but also to an Angel Network, business support and mentoring.

One long awaited element of The Small Business Enterprise and Employment Act is the appointment of a Small Business Commissioner. Part of the role will be to ensure the scourge of late payment is tackled but it appears that government is still not ready to roll out this much-needed resource.

Having a clean Credit Report is often overlooked when it comes to raising finance and in this Bulletin, we share a recent lesson on why it’s important to know what your Credit Report contains.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Bank Lending, High Growth Support, Late Payment and HMRC Tax Investigations- BFB Epsd 115

Posted on: April 1st, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In the latest episode of the Business Finance Bulletin a look at the latest statistics from the Bank of England on how much money UK businesses are borrowing from banks. Once again it’s small businesses which are coming out on top.

There’s news of a partnership between Barclays Bank and the UK Business Angels Association with the announcement of mentorship and growth advice service for High Growth businesses based in Birmingham.

Efforts to tackle late payment have been high on the UK government’s agenda but in an ironic twist of fate the government is now late in launching a ‘name and shame’ programme promised as part of the Small Business Enterprise Act.

With HMRC looking for every penny it can lay its hands on we share a warning from accountancy firm UHY Hacker Young that small businesses are vulnerable to coming under HMRC scrutiny.

In the Business Finance Tip of the Week, a question you should ask your bank manager if they have said ‘no’ to your finance request.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

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