Our last detailed report on the UK construction industry in early November 2024 showed that its finances appeared to be stable but at a relatively low base line. The average financial rating remained at 42 out of 100, and 35% of companies stayed at heightened risk of insolvency. On the other hand, debt was rising, gearing increasing and the percentage
How will America’s ‘Liberation Day’ hit UK businesses? After weeks of increasingly fevered speculation, we finally know how the main thrust of the pivot towards protectionism in the US might affect the UK economy and what UK exporters will have to deal with: Tariffs will be charged at 10% on all goods exported by the UK to the USA, with
Major fiscal events are always a game of winners and losers. This Spring Statement was no different, though given the weak state of the UK economy and global uncertainty this was an even more precarious financial tightrope balancing act than many. The urgent need to boost defence spending was largely dealt with through the controversial slashing of the international aid
The mood for the UK economy may be somewhat less than positive as it lurches sluggishly just above and below the zero-growth line, but our parochial worries pale into insignificance set against the implications of what is unfolding in Washington. Running a business, never mind planning for and investing in its future when global trade relationships and tariffs are being
There are many reasons why companies need to be closed. Sometimes it can be single-purpose companies that have achieved their objective, such as the completion of a property development, or a charity dedicated to dealing with a specific social issue which is achieved its purpose. Other reasons could be the retirement of the owner, or the mutually agreed ending of
As we continue on what looks to be an uncertain road through the UK economy in 2025, all eyes have turned to the USA and the second incarnation of Donald Trump as the 47th US President. The threat of tariffs hangs over the world, potentially affecting many industries and businesses. The UK cannot escape the new global economic realities. The
