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SMEs and the cost of living crisis

SMEs and the cost of living crisis

The cost of living crisis is a ‘cost of doing business’ crisis for a very large number of Small and Medium Enterprises (SMEs). While inflation hit a fresh 40-year high of 9.4% in June, input price inflation for the 12 month period reached 24%, its highest on record. ...

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Airline survival needs more than a wing and a prayer

Airline survival needs more than a wing and a prayer

In a year of major anniversaries and jubilees, one ‘ruby’ milestone in the restructuring world has passed largely without notice in 2022: 40 years since the high profile collapse of transatlantic budget airline Laker Airways. Time flies, even if Laker doesn’t anymore....

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Directors must avoid misguiding creditors over trading

Directors must avoid misguiding creditors over trading

The very public dispute between recently rescued fashion retailer Missguided and its suppliers raises the important issue of wrongful trading and the risk it poses to company directors. Missguided was acquired in May by Mike Ashley’s Frasers Group in a pre-pack...

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On this Jubilee weekend, God Save the Boss!

On this Jubilee weekend, God Save the Boss!

Would HM The Queen make a good CEO? It’s an odd question, I know, but one I’ve been asking myself in recent weeks as her Platinum Jubilee coincides with a very challenging period for businesses. In some ways, the Queen is already a boss on a very large scale. When her...

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Boris Becker jailed: A Salutary Warning to Bankrupts

Boris Becker jailed: A Salutary Warning to Bankrupts

Boris Becker’s two-and-a-half year custodial sentence after being found guilty earlier this month of four charges related to his 2017 bankruptcy is a shocking wake up call to all Bankrupts - whether they are High Net Worth Individuals or not when they find they have...

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STRICKEN SMEs IGNORE TECHNOLOGY AT THEIR PERIL

STRICKEN SMEs IGNORE TECHNOLOGY AT THEIR PERIL

UNDERSTANDABLY, many small businesses see technology as a necessary evil and a sunk cost. Pressures arising from the pandemic, compounded by Brexit and again by war in Ukraine, have done little to encourage SMEs to embrace new aspects of the digital world. Strapped...

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Recovery Loan Scheme clock is ticking for SMEs

Recovery Loan Scheme clock is ticking for SMEs

Rising energy prices, broader inflation worries and an underwhelming Spring Statement from the Chancellor may have overshadowed a useful avenue for help that will be closed to SMEs in less than three months. The Recovery Loan Scheme (RLS), which ends on 30 June, may...

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Royals remember Philip with some reminders for business

Royals remember Philip with some reminders for business

THE British Royal Family is often referred to as ‘The Firm’ by some of its own members. It’s a tightly run operation, in which key players are expected to pull their weight in service of the country. The corporate analogy is not wasted on the sizeable organisation...

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