Business Insights

Forward planning is the key to the long-term success of any business. Despite this, almost two-thirds (61%) of UK SMEs in a recent survey admitted that they fail to forecast sufficiently.

Property insolvency can be an incredibly complex and opaque process that demands specialist knowledge and a thorough understanding of insolvency law and regulation. This is particularly true when the effect which the current economic climate has had on property markets is considered.

A new set of government statistics have indicated that there were a total of 276 receiverships among the 1,007 corporate insolvencies which were recorded in the fourth quarter of 2012 across England and Wales.

The Bank of England’s latest credit conditions survey has revealed that while lending to businesses increased in the first quarter of 2013, this increased availability failed to have an impact on small businesses – with SMEs reporting that there was little change in lending conditions in the first three months of the year.

The Chancellor’s decision to cut beer duty by 1p has been met with mixed reactions from those in the industry, with some arguing that it will provide the lift which the industry needs, while others have argued that the move doesn’t go far enough.