Late payment threatens survival of smaller businesses

The growing problem of late payment is threatening the survival of many SMEs, according to new research. The credit reference agency Graydon UK, working in conjunction with the Forum of Private Business, surveyed 500 small firms across the UK. The responses showed that 16% had almost been put out of business as a result of

Business succession – keeping it in the family

Handing over a family business to the next generation may seem straightforward but it can create unforeseen problems. In fact, succession plans involving family members may contain more risks than handovers involving complete strangers. With strangers, people tend to be cautious and get legal advice; with family they often rely on goodwill and a muddle