Nearly 4,000 businesses ceased trading as increased financial uncertainty gripped the UK in the first quarter of 2017. Marginally more than two thirds of the 3,967 insolvencies – 68 per cent – were voluntary, with the overall number rising by 4.5 per cent in real terms compared to the fourth quarter of 2016. The research, carried out on
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Businesses still do not have a cyber security plan
by Owen Gough • • 0 Comments
Nearly half (45 per cent) of small businesses don’t have a cyber security plan for their business according to research by Smith & Williamson, the accountancy, investment management and tax group. The recent WannaCry cyber attack crippled parts of the NHS as well as other high profile companies such as Nissan and Renault and the effects
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Extreme sports and business success go hand in hand
by Owen Gough • • 0 Comments
A new survey of business people from different industry sectors and pay grades suggests a strong link between risk taking and business success. The research, commissioned by telephone answering service, Moneypenny, shows that 50 per cent of senior executives and those in upper management and 48 per cent of self-employed have participated in extreme sports, compared with
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Late payments crisis will not be solved by new payment practice laws
by Owen Gough • • 0 Comments
The vast majority (74 per cent) of SMEs do not think new guidelines, forcing large businesses to detail how they pay smaller suppliers, will have an impact on late payments, according to new findings from Crossflow Payments, the supply chain finance platform. Just 17 per cent of the decision makers from the 5.4 million British SMEs think
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Why protecting the reputation of your business is important
by Owen Gough • • 0 Comments
The Federation of Small Businesses (FSB) is urging the UK’s 5.5 million smaller businesses and the self-employed to put in place expert crisis PR management tools following BA’s ‘PR nightmare’ that damaged their reputation this weekend. Almost no smaller businesses have access to professional PR advice, despite loss of reputation now being one of the
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Most CMOs in financial sector are now prepared for GDPR
by Owen Gough • • 0 Comments
New research from Relay42 identifies profound challenges for the financial services industry regarding the General Data Protection Regulation (GDPR) updates — which will be effective exactly a year from today, 25th May 2018. The research shows that 96 per cent of C-level finance marketers (CMOs) believe that GDPR is the responsibility of their IT counterparts, only
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The perks of work – staff want early finish Fridays and flexible hours
by Owen Gough • • 0 Comments
A lot of employers have the perception that offering staff benefits has to cost a fortune, but new research from Paymentsense shows that it’s not the expensive perks that employees actually want. The research, conducted on 2,000 full time office workers, from across the UK, shows that the main perks that staff want are an
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UK businesses at risk through poor reference checking practices
by Owen Gough • • 0 Comments
A thorough reference checking process, which should act as a safeguard against candidate fraud and a validation of claims made during the hiring process, is not happening in all UK businesses and is putting them at risk, according to new research released by Xref – the cloud-based referencing platform. The Xref Referencing and Recruitment Risk
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Rewarding behaviour: gifting rewards boosts SME employment retention
by Owen Gough • • 0 Comments
New research from American Express finds that almost all (94 per cent) small and medium sized enterprises (SMEs) gift rewards to their employees, with half (51 per cent) saying that motivating their workforce is the main reason for doing so. Creating this positive culture has a direct long term benefit for smaller firms – a third
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How UK businesses can stay protected online
by Owen Gough • • 0 Comments
Earlier this year, businesses and organisations of all sizes from around the world were hit by a large-scale cyber attack, known as WannaCry, leaving them unable to access online systems and data. The attack continued to affect companies over the days that have followed. WannaCry is a form of ransomware, meaning it is a computer
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