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News Tag: cash flow

February 14, 2011

Auto Windscreens enters administration

by Kay Mitchell
”Auto
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 and cash-flow problems, while a major creditor served ...




January 24, 2011

Survey reveals VAT hike will hurt SMEs

by Kay Mitchell
”Survey
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 the rise. Aldermore chief executive Philip Monks ...





February 17, 2010

Reader’s Digest UK files for administration

by Kay Mitchell
...




March 2, 2009

Alliance & Leicester to increase SME lending

by David Masters
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 A&L has given financial support to over ...