More corporate insolvencies are the last thing the small business world wants to see, so what are company owners doing to keep bankruptcy from their doors? They're working 65 hours a week in some cases, that's what.
Number crunchers at Abbey and Alliance & Leicester Business Banking have been looking into the lengths small-firm owners are going to in a bid to keep their businesses afloat. And it turns out one in six are rea... Continue Reading
From Enterprise Tsar to small-screen Dragon: there must be something in the air prompting familiar faces to throw their two cents' worth on small businesses' finance woes into the ring.
After The Apprentice star Lord Alan Sugar was pilloried for deeming struggling small-firm owners "moaners", fellow entrepreneur Duncan Bannatyne has spoken out in support of the very same recession-hit demographic.
There should ... Continue Reading
Interesting figures to emerge from the Las Vegas of Lancashire this week: despite a healthy tourism season, Blackpool now has guest houses, self-catering apartments and hotels for sale to the tune of £72 million.
Number-crunchers say 300 holiday accommodation outlets have gone on the market in the last 12 months alone, but shifting them is proving a problem f... Continue Reading
News of a pub sale with a difference reaches us this week, after two residents of a tiny Herefordshire village stepped in to stop their much-loved local falling into the hands of property developers.
Leintwardine's Sun Inn, one of the nation's last parlour pubs, was being put up for sale at auction until local businessmen Gary Seymour and Nick Davis came along with their offer after rallying around to raise the necessary fi... Continue Reading
He left struggling small-business owners picking their jaws up off the floor when he called them "moaners" earlier this week, but so-called Enterprise Tsar Lord Alan Sugar still has the backing of the prime minister.
The national council of the 215,000-strong Federation of Small Businesses called for Sugar to be replaced by "someone with more understanding and empathy for the small business sector" after the comments, made at a finan... Continue Reading
Using the services of professional valuers will go some way towards ensuring you don't pay more than necessary when buying a business. That, and taking a thorough look at stock levels, customer traffic and the books of account for tax returns.
Because it's illegal to under-report tax returns to the authorities, submitting the wrong figures after buying a business will attract penalties, notes business consultancy boss Josep... Continue Reading
After a year that saw it narrowly avoid going into administration, put up for sale and subsequently acquired by Smiths News, Norwich-based book wholesaler Bertrams is now looking to acquisitions of its own.
The positive progress is down to a £500,000 profit posted by the book and library supply business for the five months to the end of August, a boost that can probably be attributed to a handful of million-pound deals with the Dai... Continue Reading
Expect to see more restaurants for sale springing up in the coming months and years – perfect if you're looking to bring a touch of authentic Italian (well, Italian American) flavour to the business table.
US-owned pizza delivery franchiser Papa John's is set to open ten new stores before the year is out, bringing its 2009 total to 40. Over th... Continue Reading
If you're keeping an eye on hotels for sale in the London area, you'll be glad to hear the results of PricewaterhouseCoopers' latest UK hotel forecast - it shows the industry's over the worst, though a drop in corporate travel has undoubtedly left the sector weakened.
Liz Hall, the accountancy firm's head of hotels research, says budge... Continue Reading
Small Business Week 2009 is upon us, if you hadn't noticed, and BT Business have released the results of this year's Business Pulse report, which they say is the UK’s biggest survey of small and medium-sized businesses.
Out of over 7,000 respondents, three-quarters reckon the economy is set to pick up next year, with an optimistic 35 per cent pencilling... Continue Reading
After a five-week due diligence process, Spain's Cosmen family and CVC Capital Partners have walked away from a National Express takeover, sending the bus and coach operator's shares plunging.
Talks have also been ended by Stagecoach, which had been liaising with the consortium about purchasing National Express's UK bus and rail operations.
Sources have suggested due diligence presented "lots of little thi... Continue Reading
It could be good news from Royal Bank of Scotland (RBS) for cash-strapped small businesses this week.
The owner of Natwest, now 70 per cent controlled by the nation's taxpayers, is feeling pressure from the Treasury to hit lending targets and is thus pulling out the stops to attract more small business banking customers, we hear.
And the first step? A new hotline - staffed by senior bankers with experience of previo... Continue Reading
Small business veterans keeping an eye on hotels for sale in the UK may like to take note of what pub owner Thwaites had to say about last month's sale of the Stafford Hotel in Mayfair.
Philip Johnston, head of hotels at Savills (who advised Thwaites on the multimillion-pound sale), said the deal with leisure firm Britannia Hospitality highlighted renewed... Continue Reading
Small businesses in the UK are taking deliberate steps to diversify during the recession, with the owners of restaurants, pubs and firms in the leisure sector in particular admitting cash flow is their main concern at the moment.
That's one of the main findings to come from new research by business insurance advisers at Aviva. While three-quarters of pub, restaurant and leisure bosses surveyed by the group singled out money as t... Continue Reading
We've been charting rock-bottom cafe prices and the recent rise in coffee bars for sale with interest here at Bizsale, and now we hear the sun could be setting on the "Starbuckisation" of London.
Various reasons are being singled out for the £47 million lost by the chain's UK cafes during the downturn, from soaring milk prices to sterling's coll... Continue Reading
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