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WHAT COST TO YOUR BUSINESS IF YOU OR KEY MEMBERS OF STAFF ARE UNABLE TO WORK OR AWAITING CONSULTATION FOR MEDICAL TREATMENT? The pressures on the National Health Service today mean that waiting lists for both minor and major surgery are unacceptably high. Long gone are the days when the state would look after you if you were ill or have had an accident and could not work. The chances of you being unable to work through ill health at some stage in your career is much greater than you may think. The means to opt for immediate private treatment is essential, but is private medical insurance affordable? Premiums can vary from company to company with very little difference in benefit levels. ACF will find you the most competitive scheme available that matches your needs and make sure that you continue to get the best advice in the future. Our advisers can provide advice
Why not call us today on: 01480 471615 you can email us at: info@angliancommercialfinance.co.uk or use our online contact form |
BUSINSS FAILURES SOAR A perfect storm of headwinds has driven company insolvencies to their highest levels since the aftermath of the financial crisis. underscoring the effects that high interest rate and soaring prices have had on the economy. The second and third quarters of this year saw the highest and second highest volume of insolvencies since 2009, data from the Insolvency Services showed. Some 6.319 and 6,208 companies tipped into insolvency in the second and third quarters respectively. Christina Fitzgerald, former president of R3, the UK insolvency and restructuring trade body, described the dynamic as a"perfect storm of economic issues. SMALL COMPANIES REGAIN CONFIDENCE Small businesses are slowly regaining confidence in the economy, despite falling revenues and tightening recruitment, a survey shows. Optimism was measured at minus 8 points in the third quarter of the year, up from minus14.2 points in the second but still below the first-quarter reading of minus 2.8. It means that confidence among small companies has been negative territory for about 18 months.The quarterly report by the Federation of small businesses also showed that most do not predict growth over the next year, while one in eight expect to contract. The share of small firms planning to hire more staff in the fourth quarter has fallen back slightly, to about one in nine. HOUSE PRICES FALL House prices fell for a sixth month in a row in September, but nevertheless held up better than expected. Average prices fell by 0.4% last month, according to Halifax, half the decline that economists had forecast. A separate house price index this week from Nationwide, the rival high street mortgage lender, also defied experts@ predictions. The average UK house price peaked at just over £292,000 in September last year, but now stands at £278,600, back at where prices were at the beginning of last year.. PAWNBROKER SHINES Ramsdens, the pawnbroker and jewellery retailer, expects full-year pre-tax profits to hit at least 10 million, up from £8.4 million in 2022. In a trading update for the year to September 30, Ramsdens said that it continues to benefit from the strength of its diversified business model. COSTS THREATEN ZOMBIE FIRMS Tens of thousands of so- called "zombie" companies will fall prey to rising interest rates and inflation in the coming months according to the boss of Begbies Traynor. Ric Traynor, executive chairman of the insolvency specialist, predicted that highly indebted companies that have only managed to cling on thanks to cheap borrowing costs will fall over the next 18 months. |
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