Poor accounting hits investments

22 January, 2010

The Forum of Private Business says small firms are failing to get finance because they aren’t presenting their management accounts in the correct format to the credit industry.

A survey by the FPB and Creditpal – a free accounts analysis system for small businesses – found? firms were trying to take steps to manage costs internally rather than go through the rigmarole of applying for new finance?.

The FPB said the need to show current management accounts would increase in 2010, as historical accounts filed at Companies House would generally start to show the recession’s worst trading figures?.

Chief executive Phil Orford said: “Business owners should be proactive in controlling their own destinies by providing thorough financial projections utilising new systems ??to produce up-to-date financial information.”?




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Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
total a

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