SMALLER IMPORTERS HIT HARDEST BY WEAK POUND

September 23 2016.

UK businesses that import either raw materials or finished goods have seen the prices they pay their foreign suppliers rise since the Brexit referendum on June the 23rd, and the subsequent weak pound. But small and medium-sized enterprises (SMEs) have been hit hardest, with many having to curtail their imports in response to the spike in prices, according to figures compiled by foreign exchange specialist FEXCO Corporate Payments.


The study finds that in July, the total number of foreign currency purchases made by SMEs was a relatively modest 7 per cent down on the same time last year. However, the average transaction size was 29 per cent less than in July 2015 as companies sought to rein in spending.

In August the...
 
 
BUILDBASE HONDA LAUNCHES STRONG 2017 AX ONSLAUGHT
September 22 2016.

Buildbase Honda has confirmed it will return to contest the Arenacross Tour in 2017 with a completely new...
  NEW £40m ENTERPRISE CAPITAL FUND FOR SCALEUP BUSINESSES
September 22 2016.

The recently appointed new Small Business Minister, Margot James, has announced the...
  MALOSSI HTQ GEAR KITS FOR VESPA PX, COSA & T5 FROM VE
September 22 2016.

Malossi manufactures a range of gear kits for the Vespa PX, Cosa, and T5 range of Classic scooters which are...
  MEET OXFORD'S AQUATEX
September 20 2016.

Oxford Products has introduced a range of bike covers to suit all shapes and sizes of motorcycles and quads with...
  BUSINESSES IN THE DARK ON APPRENTICESHIP LEVY
September 20 2016.

On the day that business, government, and education leaders gather in London for the BCC’s Business and...
 
   
 
News Story
FIVE WARNING SIGNS YOU SHOULD NEVER IGNORE

REPLACEMENT LOCK SETS FOR AUTOMATIC SCOOTERS & MOTO 50 & 125 FROM VE

FOUR SIMPLE BUSINESS LESSONS FROM THE SCHOOL OF LIFE

FRO SYSTEMS SET FOR 2017 ARENACROSS TOUR DEBUT

MCIA LAUNCHES BREXIT GROUP

OXFORD CAMSTRAP

EIGHT WAYS BANKING HAS BECOME EASIER

BIKER DOWN CONFERENCE WILL SEEK TO SET STANDARDS

SIP DIGITAL SPEEDOS FOR VESPA & LAMBRETTA FROM VE

SMALL BUSINESS LENDING ENJOYS RECORD LEVELS OVER PAST YEAR

HOW TO FIT OXFORD HOT GRIPS VIDEO

SMALL BUSINESS MINISTER BACKS THE PROMPT PAYMENT CODE

DEMYSTIFYING PRIVATE EQUITY

LAMBRETTA & VESPA FAST FLOW FUEL TAPS FROM VE

TWO GIANTS - HEAD TO HEAD

Click here for older news »
 
 
Please select an archived story from the left.
FIVE WARNING SIGNS YOU SHOULD NEVER IGNORE

September 20 2016.

John Buchanan of the chartered accountants HW Fisher & Company outlines the telltale signs your business might be in trouble.


Small business owners are their own CEO, making strategic decisions about the future of their company. But many also spend so much time running day-to-day operations that they can lose sight of the big picture.

This partial blindness can be a liability when things start to go wrong. [stop]Too often, SME-owners are so focused on the details that they miss the warning signs.

Whatever underlying problems a business has, the ultimate reason for a firm going to the wall is invariably the same – insufficient cash-flow. Here are five red flags that indicate that you may be heading towards a cash crisis.

Your turnover is reducing
If your turnover is decreasing, it will adversely affect your business’s profitability, cash-flow and your ability to meet overheads.

For the full story at growthbusiness.co.uk CLICK HERE


Cookie Policy