The calendar year 2023 gave us the unwelcome statistic of the highest annual figure for business failures on record, as 26,766 companies across the whole UK went into one or other insolvency procedures. Since then, the rolling twelve-month total rose almost uninterrupted until it reached 27,188 in July 2024. The publication of the latest corporate insolvency number of 1,976 for
The old business cliché that ‘Cash is King’ has a dark flip side for businesses. A lack of cash can mark the trigger point for a business’s decline. When cash flow is poor, bills may not be paid on time, meeting payroll becomes an issue, suppliers may query the delivery of goods and services or even cease taking orders through
Many commentators have previously hailed the relentless adoption of automation, machine learning and artificial intelligence as the answer to keeping UK manufacturing competitive, but with little obvious consideration of the elephant in the room – regulatory compliance. If only embracing the latest industrial revolution was that simple. Non-compliance can have severe implications. It can result in legal penalties, operational disruptions,
Does the new government necessarily herald a new economic era? There has certainly been a change of tone, even if it seems rather more difficult to detect an actual change of mood as yet.
One of the greatest political comebacks in living memory will throw many aspects of life and politics in the USA into flux, but it may also mean a major disturbance to the fiscal strategy here in the UK set out only last week by the Chancellor. You can read our analysis of the effect of the Budget on UK businesses
When we last reported on the financial health of the hospitality sector in June this year, the position was far from positive. In particular, we noted that: The average financial health rating for the hospitality sector is only 31 out of 100, compared to the whole economy at 45. Over half of hospitality companies are at serious risk of insolvency
