Recent independent studies undertaken by the Legal Services Board and Xero convey a worrying and consistent theme that SME debt is a ticking time bomb.
UK SMEs are losing more than £40 Billion per year through disputes and have £131 Billion tied up in late payments. YouGov has reported that 82% of SMEs currently have outstanding balances with each firm owed an average £62,957.00.
David Osrin is the Managing Director of Music Makers Business Development Consulting Ltd. He started the company in 2004 with the aim of providing business development support to professional and financial services firms. The company now specialises in a range of sales focused support services, including lead generation, coaching, outsourced sales director and consultancy work.
Ecommerce has seen remarkable growth over recent years, especially during lockdown, and is changing the landscape of how people buy and sell goods and services. The growth in ecommerce is shifting activity away from the high street to digital means, which in turn is changing the way businesses operate. In addition, the popularity of marketplace platforms, such as Amazon and Facebook, has made this growth even more noticeable.
The National Security and Investment Act 2021 (the “Act”) came into force on 4 January 2022, giving the UK government an additional screening process on the grounds of national security.
The Act covers a broad range of transactions, requiring mandatory notification if it is connected to one of 17 key sectors.
ACAS has issued updated guidance on dismissal and re-engagement, which can be accessed here.
What is dismissal and re-engagement?
Dismissal and re-engagement, also known as “fire and re-hire”, is a common (and legal) method that employers can utilise to implement changes to employees’ terms and conditions of employment. Where employees refuse to expressly agree to a change, or where employers do not have the contractual right to make changes, it is likely that terminating the existing contract on notice and offering continued employment on new terms is an employer’s best option.
We are looking for an experienced and enthusiastic Property Finance Paralegal to join our Property and Construction team. The existing team is friendly, welcoming and hard-working and we are seeking a like-minded individual.
Robin Hastings (pictured below), qualified as a solicitor in 2011 having trained in London and after a spell at a large regional firm in Manchester joined Bermans in December 2015. He is now a Senior Associate in the Corporate department.
We met up with Fred Thompson (pictured below), Chief Technical Officer at Clarus WMS, who offer a solution to all your warehouse needs, to chat with him about his typical working day, business challenges as an SME, and exciting plans for the future.
Fred Thompson, CTO
1. What is your business?
I’m the Chief Technology Officer at Clarus Software, featuring ClarusWMS, a cloud-based Warehouse Management System (WMS) that enables modern logistics companies to run their warehouse effectively and to its maximum capability.
Some of you may be aware that Jon Davage is head of our corporate team but did you know he has also contributed a chapter to a book?
Working with our clients, Guy Remond and Ian Brookes from The Start Up Factory, they developed an idea to share their experience of the journey from founder to exit in a tech-based business. They are also involved in Manchester’s first potential “unicorn” business Bankifi.
This is the latest article (and first since 2019) in our series, following the slow but inevitable progress towards a “fixed costs” regime for most civil court disputes involving businesses.