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Business distress already rising across regional economy before covid-19 outbreak, report reveals

Business distress was becoming more prevalent across every sector of the economy, both in Yorkshire and in the UK as a whole, immediately before the outbreak of the coronavirus pandemic in the country, according to the latest research from leading independent insolvency firm Begbies Traynor. The firm’s latest quarterly Red Flag

More work needed to make emergency loans a success, say small firms

Responding to new UK Finance figures which show that 6,016 of the 28,461 small business finance applications made through the Coronavirus Business Interruption Loan Scheme (CBILS) have been successful, Federation of Small Businesses (FSB) National chairman Mike Cherry said: “This improvement marks a starting point, but while one in five formal

Accountancy firm launches online tool to support small businesses during Covid-19 crisis

Leeds-based internet accountancy firm, Accounts Department Online, has launched a new tool to help small businesses find out what financial support they are eligible for quickly during the Covid-19 crisis. The tool can be accessed at: By answering just five simple questions, small business owners can receive an instant online summary

Sheffield City Region gets over £30m growth boost from NPIF

The Northern Powerhouse Investment Fund (NPIF), delivered by British Business Bank, has invested £16m in ambitious, high-growth businesses in the Sheffield City Region with an additional £15.1m invested from the private sector. Since its launch in February 2017, NPIF has delivered equity finance, debt finance, and microfinance solutions, ranging in size

Bank of England could cut rates in days not weeks says RSM

Commenting on the current turmoil in the global financial markets, Kevin O’Connor, RSM’s regional managing partner for Yorkshire and the North East said: "With markets reacting to the global health crisis and the accompanying supply shock, we could see the Bank of England cut its base rate by 0.5 per cent

BHP Corporate Finance boosts Transaction Services team with senior appointment

BHP Corporate Finance has strengthened its due diligence offering further with the appointment of Charlotte Ellerby as assistant director. Charlotte joins BHP Corporate Finance from EY’s Transaction Services team in Leeds, where she gained seven years’ transactional experience after joining them as a graduate. Throughout this time Charlotte worked on a wide