Category: Manchester Business

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…




3 SME Business Cash Flow Hacks

As a small business owner you will no doubt be aware of the importance of cash flow to your business. If we think of cash flow as the lifeblood of our business, then it is important to pay it the attention it deserves, which means not forgetting to collect, ask for payments or process them….




Data Shows It’s More Important Than Ever To Get A Grip On Finances

Accountants hate to be the bearer of bad tidings but sometimes it’s necessary to make business owners aware of the financial realities to ensure a business can get through any economic storms that may be on the horizon. Current data shows that there is little to feel optimistic about in the coming months. Calls are…




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…




HMRC’s Digital Revolution Raises Concerns

In its drive to modernise the process of collecting tax returns, the increased digitisation of the process is raising concerns that it will lead to more fines, investigations and even the prospect of submitting multiple tax returns during the year. While the vast majority of the self-employed and landlords will have submitted their tax returns…




Most Manchester Businesses Support Devolution

With over two thirds of the country unaware of what Northern Powerhouse idea is all about, it should at least come as encouraging news to the government, that businesses are welcoming devolution in Manchester. According to a recent survey, the vast majority of businesses think that devolution will bring positive benefits, including investment in the…