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Mercian opts to dismount as bike sales slow
The Bank Holiday weekend will almost certainly have seen a spike in sightings of the MAMIL – Middle Aged Man in Lycra. Often heading a queue of overtaking traffic at weekends, these cyclists clad in spray-on ‘technical’ apparel breathed new life into 21st century bike...
May 2024 Newsletter: Trust me, I’m a crypto dealer
Cryptocurrency ‘academy’ Amey Finance has been closed by the Insolvency Service, which claimed founder Desmond Amey used it to “recklessly persuade” people to partake in loss-making investment schemes, including an alleged $1.7 billion crypto “Ponzi”. Communications...
LETTER FROM LONDON – POLITICAL PROSPECTS – MAY 2024
Now that the final set of local contests before the General Election is behind us, political attention turns to national campaigning strength and strategies. Since the beginning of 2022 the Labour Party has enjoyed consistent double-digit leads in the opinion polls....
Toffees in sticky mess as football season closes
Everton FC’s cashflow problems, dependence on a US backer and now, talk of entering administration, show yet again that even in the Premier League it’s hard for football clubs to balance the books. Affectionately nicknamed the Toffees, Everton has only played four...
One swallow doesn’t make a summer
Optimism is generally a good quality when running a business. It fosters positive energy and a can-do approach, without which success is much more difficult. Nonetheless a healthy dose of realism might be useful when considering the recent fall in corporate...
Landlords lose appetite for meeting tenant demand
Mortgage costs have increased by twice the level of earnings growth in the last 25 years, pushing rental demand sky high; buy-to-let landlords, however, are heading for the door. The period of relatively cheap mortgages immediately following the 2008 financial crisis...
Stricken TV producers open insolvency toolkit
The ripple effects of a sector’s global downturn will often continue to hurt small operators for long after the big players have steadied themselves. The TV industry, with a long tail of independent suppliers, is a sad example close to home. Recent weeks have seen a...
Factories firing up for a comeback
Debating the UK’s economic future inevitably leads to questioning the strength of our industrial base: what can generate earnings outside financial and professional services, or early stage tech development? Manufacturing’s share of the UK economy is around 10% today,...
More trouble ‘down the rub-a-dub’
Britain’s pubs will be totting up the long weekend’s takings, hoping that mixed weather over an earlyish Easter wasn’t too much of a dampener. Sadly these things matter in an industry that has at best limped along since Covid and saw nearly 800 boozers enter...
EV troubles cast a shadow over early stage tech
Britain’s fledgling electric vehicle industry seems to have run out of juice - but we shouldn’t be too hasty in writing off our entire tech sector. Lunaz, backed by football legend David Beckham, this month put its commercial transport arm Lunaz Applied Technologies...
March 2024 Newsletter: Failing firms reveal slowness of recovery
It is far too early to tell whether business conditions for struggling UK-registered companies will soon turn the corner: inflation has eased, but not far enough for the Bank of England’s liking; the UK economy officially dipped into recession after two shrinking...
Covid loan fraud bounces back on sole traders
Almost four years after the government’s Bounce Back Loan (BBL) Scheme was rolled out to save small businesses at risk from pandemic lockdowns, closer scrutiny of businesses now unable to repay the loans is leading to action against an increasing number of...
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