Tag: cash flow

Auto Windscreens enters administration

Auto Windscreens enters administration

Auto Windscreens, which is the UK’s second largest windscreen repair and replacement company, has been placed into administration, putting more than 1,000 jobs at risk. Deloitte, which has been appointed as administrator for the Chesterfield-based company, said there were no funds with which it could continue trading. According to Deloitte, the company has suffered trading […]

February 14, 2011 More
Survey reveals VAT hike will hurt SMEs

Survey reveals VAT hike will hurt SMEs

A survey by Aldermore, the banking group, has revealed the recent VAT hike will hurt small and medium sized enterprises (SMEs). According to the survey, around 35% of Britain’s SMEs said the new rate, from 17.5% to 20%, will put a strain on their cash flow and they will need extra funding to cope with […]

January 24, 2011 More
Potential buyers emerge for crisis-torn Reader’s Digest

Potential buyers emerge for crisis-torn Reader’s Digest

March 1, 2010 More
Reader’s Digest UK files for administration

Reader’s Digest UK files for administration

February 17, 2010 More
Alliance & Leicester to increase SME lending

Alliance & Leicester to increase SME lending

Alliance & Leicester (A&L) has announced plans to increase lending to small business (SME) customers by more than 25% this year. Increased lending will “help customers to stabilise their business finances,” the bank said. The announcement follows a 49% increase in small business lending by the Santander-owned bank during 2008; in the past three years […]

March 2, 2009 More