For most SMEs there is no distinction between management and ownership and as such they would argue that corporate governance is an expensive and unnecessary luxury. Why introduce systems which impose limits on how they conduct business? They could impact profitability, creativity and speed of response. For many companies happy with what they are, then […]
Micro-Entity accounts Implemented 1 December 2013
What are the Changes and who does it apply to? Micro-entity accounts are a new type of accounts that can be submitted to Companies House from 1 December 2013. They will provide the smallest companies with the opportunity to prepare and publish simplified financial statements (profit & loss account; and balance sheet) if they wish. […]
Alternative forms of finance
I attended the ACCA conference on Alternative Finance (AF), hosted by Barclays Bank at Canary Wharf on the 8th July. Speakers included Emma Jones (Enterprise Nation), Marte Borhaug (CBI), Jonathan Moules (FT), Rebecca McNeil (Barclays) and Irene Graham (BBA). AF is becoming a real alternative to conventional bank funding, especial for SME’s looking to grow. […]
Virtual Finance Director to SME’s
Many small growing companies do not have a Financial Director, but need support in order to develop their businesses. This is often the type of support that their Auditors / Accountants are unable to provide. These companies need someone who can be part of their management team, but is not going to cost them at […]
Part time FD support for the growing SME business
How often are Managing Directors working late at night trying to prepare financial information, when they should be concentrating on using their skills to develop the business? Many expanding SME companies can not afford the cost of having a full time Financial Director! But they often need financial support on a temporary or part time […]