Succession planning: UK family firms stick to generational commitment January 19, 2024 An Investec study, shared exclusively with City A.M., shows that nine out of 10 of the family businesses surveyed have "robust" succession plans in place for the next generations, with one in three being "open" to the idea of selling.
SME business activity returns to growth, but priorities are changing January 18, 2024 Business activity for UK small and medium enterprises (SMEs) has reached its highest since May of last year, the latest data shows, but one particular challenge remains clear.
Cynergy Bank chief urges struggling SMEs to ‘de-risk’ current accounts January 18, 2024 The boss of challenger Cynergy Bank has said small firms are letting too much money languish in no-interest current accounts, as it launches a new offering that puts it in more direct competition with Britain’s major lenders. Chief executive Nick Fahy told City A.M. that small and medium-sized enterprises (SMEs) are increasingly struggling to afford [...]
Current VAT threshold poses threat to small business growth, FSB warns January 16, 2024 The Federation of Small Businesses (FSB) said today that an increase from £85,000 to £100,000 would be "key" to unleashing those who may be stuck in "economic firepower".
Why Gen Z is avoiding the corporate ladder and what ‘tough questions’ it poses for business January 16, 2024 Generation Z is beginning to shrug off the corporate ladder climb, new research suggests, while some experts believe the UK entrepreneurial landscape – and the workplace – could be changing. An analysis of Companies House data by accounting firm Hazlewoods showed the number of Gen Z directors of UK companies jumped 42 per cent in [...]
Ancient + Brave: Meet the female-led wellness brand breaking down barriers January 16, 2024 Sitting at the kitchen table with three things in mind – profit, people and the planet – Kate Prince discovered the perfect way to combine her passion for sustainability, creativity and female empowerment into one.
Small businesses expect positive year despite ‘incredibly challenging’ 2023 January 15, 2024 Small businesses are confident in reaching profit targets this year, new research shows, despite high interest rates and an “incredibly challenging” 2023. A new survey by accountant and business advisory Moore UK shows 80 per cent of small businesses expect to reach their profit targets, with 91 per cent saying their profitability will increase over [...]
‘I’ve been able to do a lot more… by doing less’: The entrepreneur who’s made a business out of balance January 13, 2024 Starting a business often comes with finding the right balance — not every up-and-coming entrepreneur has the leeway to quit their day job right off the bat.
Over a dozen black-owned businesses in London awarded £10,000 in funding support January 12, 2024 A boost for 13 black-owned businesses in London is underway as the winners were announced for the 2024 UberEats Black Business Fund. Run by the small business support platform, Enterprise Nation, the campaign works to tackle the ongoing funding challenges that face underrepresented businesses in the hospitality sector. “It’s an industry that’s been squeezed tightly by higher [...]
Working from home back in vogue for SMEs facing cost crunch January 10, 2024 Ongoing funding challenges for small and medium-sized enterprises (SMEs) are beginning to cause some business owners to sacrifice the way things work. New research by Nucleus Commercial Finance suggests SME confidence in stalling – now sitting at an average 40.1 out of 100, where a reading under 50 represents a slip in confidence – due [...]