January 15th, 2010
Millions of sole traders in the UK are leaving their businesses vulnerable by not insuring against profit losses or the cost of replacing their "key person", it's been claimed. That's despite 77 per cent of sole traders who have a key person in their business admitting their enterprise wouldn't survive the loss of that individual.
Research from the Scottish Widows Business Protection Report reveals that around 2.6 million sole traders have… Continue reading
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Posted in Exit Strategies | No Comments »
January 14th, 2010
Many of us dream about quitting the rat-race and setting ourselves up with a nice café, B&B or guesthouse business in a beautiful area. Well they don’t get much quainter than this – a luxury B&B, tearoom and restaurant in Ludlow.
When buying a business, it’s important to consider if the business you are buying is a success (is it making a profit? does it have a unique selling… Continue reading
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Posted in Buying a Business | No Comments »
January 14th, 2010
The number of new businesses being set up around the world has fallen as a result of the recession, according to new figures from Global Entrepreneurship Monitor (GEM).
The report shows that the number of start-ups was down by 10 per cent last year in 20 of the world’s wealthiest nations.
The UK came off relatively well with only a 6 per cent fall in new businesses being registered while the US… Continue reading
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Posted in Entrepreneur | No Comments »
January 8th, 2010
Following our observations towards the end of last year that Blackpool had guest houses, self-catering apartments and hotels for sale to the tune of £72 million, despite a healthy tourism season, budget chain Travelodge has defied the recession and announced plans to invest £115 million in 26 new outlets this year.
You might remember that a surge in the overall cost of hotels for sale in the… Continue reading
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Posted in Trends | No Comments »
January 6th, 2010
The saga continues in what must be one of the most gripping cases of a business for sale for some time. Now, after US food giant Kraft tempted Cadbury shareholders with more cash than that promised by its initial £10.2 billion bid, the British confectioner has written off the revised offer as "derisory".
In an attempt to sweeten its offer for Cadbury, Kraft – maker of Toblerone and Terry's Chocolate Orange… Continue reading
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January 1st, 2010
Statistics might show that 80 per cent of businesses affected by a major incident close down within 18 months, but nearly half of small firms still don't have plans in place to deal with the effects of flood or storm damage.
That's according to the British Insurance Brokers' Association (Biba), which is using its research to stir the government into action to help small companies survive incidents like a fire, a… Continue reading
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December 23rd, 2009
Small firms in Wales are welcoming the news that their government will be giving them more help with their business rates from April. The Welsh Assembly Government says that, from then, companies with a rateable value up to £7,800 will qualify for a 25 per cent reduction in their rates through rate relief, replacing the previous threshold of £6,500.
The threshold for 50 per cent general relief will also increase, from… Continue reading
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December 18th, 2009
Fourteen outlets had already closed over the past few months, and now cafe and coffee kiosk operator Puccino's has officially thrown in the towel. That means another 29 units will stop trading immediately and 43 are being transferred to Puccino's Worldwide Ltd.
Before collapsing into adminstration, Puccino's shifted more than 5.5 million espresso shots every year, holding 80 outlets in the south-east alone. Its fall marks the latest line of coffee… Continue reading
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December 16th, 2009
It looks like a Derby establishment could be joining the growing list of hotels for sale in the UK, as its owners confirm they've appointed an agent to look into the possibility of putting it on the market.
Midland Road's three-star Legacy Aston Court Hotel is the latest in a long line of potential hotels for sale after experiencing the sting of the economic downturn.
Andy Townsend, chief… Continue reading
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Posted in On the Market | No Comments »
December 11th, 2009
Businesses in London are more optimistic now about their prospects for 2010 than they've been in the last 18 months. So say pollsters from the Confederation of British Industry (CBI) and KPMG, who have unveiled the results of their latest survey of firms in the capital.
Most companies are still cautious about future investment, though, and they have their doubts about London's longer-term status as a world city. An overly burdensome… Continue reading
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Posted in Business News | No Comments »