Doing it the ARD WAY
There have been no European handouts for Manchester. EN finds out how else the city...
Bespoke tailoring
Tinker, tailor, soldier, sailor. You'd think that might give you a clue about the profits...
Join the club
Clouds are gathering over the economy, but, other than join the Freemasons, what is a...
Venue Finder
Looking for somewhere to host your event? EN's Venue Finder lets you search by location, capacity and event style, across the best venues in the North of England.
Andy Makeham reveals...
He's an acquisition- hungry former programmer who's looking for tired technology firms with customers ready to upgrade to his "sexy" software packages. Elizabeth Donevan shovels down the oysters and tries her best to get turned on as K3 boss Andy Makeham reveals...
| Company insolvencies soar |
|
Corporate recovery specialists at law firm Hammonds in Manchester say that the credit crunch is having a significant impact on Corporate UK, with dramatic rises in the numbers of corporate failures in the first quarter of 2008
The latest insolvency statistics, issued today by the Government’s Insolvency Service, show that there were 60% more receiverships and administrations in the first quarter of 2008 than in the last quarter of 2007 and a 40% increase on the same period last year. The number of liquidations shows a similar although less dramatic trend. Susan Kelly, a corporate recovery partner at Hammonds said: “The impact of the credit crunch and the general economic slowdown has really started to bite in the first quarter of 2008. The numbers reflect the fact that it is much harder to raise finance and that more and more businesses are suffering acute cash flow problems.
"Twelve months ago it was fairly easy to refinance a business that was suffering cash flow difficulties. That isn’t the case any more. In the current conditions businesses have to face up the reasons they are having cash flow issues and work with their financiers and advisers to address and manage their way out of those difficulties.”       |
Analysis
Columnists |
SME Toolkit
Marketing
Building a brand
Creating a "brand" is the holy grail of the business world, but what is a brand and how do you build one? The latest in our SME toolkit series.
Finance
Attracting investment in a downturn
The economic clouds are gathering thick and fast. Is it still possible to attract an investor to fund your growth?
Finance
Managing Cashflow
Cash is king, as the cliché goes. Join the revolution and help make it more democratic
Finance
Twenty ways to tough out the crunch
Worried about the current climate? Don’t be. Read this advice instead.
