Category: <span>Business News Yorkshire</span>

Accounting Terminology Basics

Though, of course, as a business owner you will need to relay upon the skills of a qualified accountant to help with the financial management and reporting of your business, it is important that you develop a keen grasp of some of the concepts and principles involved in managing the finances of your business. Here…




Five Top Tips on what to look for as a small business when choosing an accountant

As a small business owner choosing the right accountant is one of the most important decisions you can make, and what works for one business may not be appropriate for another. This quick guide is designed to provide you with some of the most critical points to consider. Research and make your choice early Ideally…




Do KPIs guarantee success?

Matching the right KPIs to your business strategy; keep it relevant!  If you have a good grip on what makes your business tick then it’s useful to be able to ‘glance’ at the business and its performance against plan by way of a brief set of business measures; Key performance Indicators (KPIs). KPIs typically track…




More than 500,000 UK Companies in Significant Financial Distress

509,000 UK companies are in significant financial distress—the highest number ever measured. The coronavirus lockdown has seen the largest quarterly increase in the number of businesses in significant distress since the end of 2017, growing by 15,000 companies. This figure is expected to increase throughout Q2 as COVID-19 restrictions continue. The number of critically distressed…




Thinking of setting up a Limited Company? Here’s your 3 step process..

Whether you’re just setting up a new venture or you’ve been trading under your own steam for a while and looking now to take the next step, either way it’s important to consider your move to becoming a Limited Company carefully. Before taking the decision it’s best to take professional advice and here at Langricks…




Economic Figures Confusing For Economists And UK Businesses

With the vote on remaining in the EU looming recent figures on economic growth or the lack of it show that the UK faces an uncertain future. Few people if anyone outside of economists and politicians are able to decide whether to vote in or out due to the confusing arguments for and against. This…




Another Poll Shows Businesses Against Brexit

As the crucial in or out vote on being part of the EU looms large on the horizon, another poll of business leaders from across Europe shows that the vast majority are against a Brexit. Whatever your political view, the view of business leaders is an important consideration in the complex decision over whether to…




Best Place To Start a Business In The UK?

Less than 50% of startups are still running after five years even in the best UK locations so it is probably worth assessing the area you intend to set up in to give your business the best chance of success. An article in the Guardian recently looked at various aspects of starting up a business…




Manufacturing Firms Will Be Taking A Hard Look At Accounts As A Result Of “Brexit”

Whatever the views on whether Britain should be in or out of the EU, the impact the uncertainty is having on the UK manufacturing sector is proving to be particularly severe. According to the latest statistics, UK factory growth has hit its lowest point for 34 months which a setback for a sector which had…




Eco Stores announces £1m Sales

Eco Stores Direct, an online heating company has announced that it has broken the £1m sales barrier during just 10 months of trading. Started early last year, the company headed by Paul Walker and based in Knaresborough, Yorkshire specialises in electric radiator sales and has grown due to the reducing levels of Gas available in…