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25 February 2015

Business as usual is private companies’ biggest threat

More risks but more opportunities for reward have private company leaders feeling optimistic about their prospects for the year ahead, according to research among more than 700 private company CEOs as part of PwC’s 18th Annual Global CEO Survey. Nearly 60% of private company leaders say they face more threats...

21 February 2015

Alternative Finance – The awkward years

Alternative Finance has had a flying start with a rich variety of business models and providers forming a vibrant UK scene. Like any fast-growing businesses though, they’ll face challenges as they grow. Undoubtedly, the sector is gathering momentum. £1.74bn was originated last year: nearly three times the level of the...

19 January 2015

Private Business Awards: Does your business have what it takes to become a winner?

Nominations are now open for the 2015 UK Private Business Awards, a national programme in it's fifth year, that celebrates the contribution private businesses make to their communities and the UK economy. Enter the 2015 awards The UK Private Business Awards is sponsored by PwC, to seek to recognise the...

14 January 2015

SME Surgery: Moving in to your first business property

By Brian Henderson Brian Henderson is head of PwC’s fast-growth company programme and a private business specialist. Q. I’m wary of taking on an expensive property commitment for my business. What are my options? First of all, are you sure you have to take on premises? In today’s interconnected world,...

03 December 2014

Autumn Statement 2014: Measures for small businesses

Following the Autumn Statement, PwC comments on measures for small businesses. Alex Henderson, tax partner at PwC, said: "Small businesses might be excused for feeling like the Cinderella part of the economy in recent Budgets and Autumn Statements, waiting to go to the ball. Two big concerns for small businesses...

Business Rate changes means many happy shopkeepers

Responding to the Chancellor's announcement on Business Rates today, Brian Henderson, private business partner at PwC, said: "The Autumn Statement has provided further support for SME's following on from the raft of measures announced last year. "As predicted, the annual inflationary increase will again be pegged at 2% for the...

Autumn Statement 2014 and the impact on the regions

In response to the Chancellor’s announcements on small business support, road and rail improvements and the North science hub, Stephanie Hyde, PwC Executive Board member and head of regions, commented: "Small and medium businesses, the majority of which are outside London, have three things on the top of their wishlist:...

26 November 2014

Could your business benefit from grant funding?

Many companies today find themselves financially constrained and unable to make business investments at the right time to allow them to expand their operations. Traditional funding routes, such as banks and other funders, can prove costly and take time. One option that should always be considered when looking at potential...

23 November 2014

UK economy recovering at a relatively strong rate

Our latest UK Economic Outlook, which we launch three times a year, was released this month and has some interesting findings for the UK. Below is a summary of the report, which can be downloaded at the end of this article. Consumer spending growth has been boosted over the past...

20 November 2014

Accelerus signs up to PwC’s cloud-based accounting service, My Financepartner

Manchester based business growth specialists, Accelerus, is one of the first companies in the region to sign up to PwC’s recently launched, cloud-based accounting service My Financepartner. Accelerus was set up in September 2013 by Steve Benger, to provide businesses with industry experts to help them grow and succeed. His...

16 November 2014

Holiday from hell for many businesses following holiday pay ruling

John Harding, pay expert and partner at PwC looks at the implications of the new holiday pay ruling, what it means in practice and how it may affect start-ups and small to medium-sized businesses. Under EU law, workers are entitled to four weeks' holiday pay a year but there were...

07 November 2014

Understanding Alternative Finance

The alternative finance industry is quickly becoming an important part of the UK economy. The innovative, technology led approach has improved access to finance for SMEs and seems to be having a positive impact on social and charitable enterprises. We are therefore delighted to be supporting Nesta and the University...

05 November 2014

PwC sponsors Seedcamp — accelerator for fast-growth enterprises

PwC has become a sponsor of Seedcamp – the investment fund that supports and accelerates startups from the pre-seed and seed capital stage. PwC will also offer its new cloud-based accounting service for SMEs, My Financepartner, to this September’s Seedcamp intake. My Financepartner was recently launched by PwC and is...

31 October 2014

SME Surgery: How to appoint specialists and manage advisers

By Brian Henderson Brian Henderson is head of PwC’s fast-growth company programme and a private business specialist. Q. How do I appoint specialists and manage advisers? Early stage businesses typically need help in looking after most areas of finance, tax and HR, amongst other things. Such resources can be informal,...

30 October 2014

PwC and Santander Masterclass for Growing Private Businesses

As part of the Santander Breakthrough Scheme, PwC My Financepartner is hosting a Masterclass on 4 November 2014, designed specifically for the CEOs/Owner-Managers of growth orientated private businesses. The three main objectives of the Masterclass are: To inform: share the current trends and experiences PwC My Financepartner has with growing...

16 October 2014

The Challenge of Business Growth

Suzanne Houghton of PwC’s My Financepartner outlines the challenges of business growth. Growing a business is never easy. Some say that the difficulty of creating the processes necessary to be able to sustain a business beyond say 10 or 20 employees explains why so few companies make it. There are...

UK's most flexible small business - the search is on

A £1,000 prize is up for grabs in a competition launched to find the UK’s ‘most flexible’ small business. The initiative, run by flexible working experts Timewise, will champion small companies that offer flexible work options to employees, and will aim to prove that SMEs are recruiting and employing staff...

15 October 2014

Family Business Survey 2014 - Planning to succeed: Succession planning in family firms

Click here to download the full report There’s an old saying in business that if you fail to plan, you plan to fail. Nowhere is this truism truer than for the family firm as it approaches the moment when the business passes from one generation to the next. Only 12%...

Family Business Survey 2014 - ‘Head and heart’: Professionalising the family business

Click here to download the full report There was one word that came up again and again in this year’s PwC Family Business Survey, and that was ‘professionalise’. The economic climate remains tough and global megatrends like the digital revolution are making the business landscape more volatile and competitive than...

Family Business Survey 2014 - New technology and the family firm: Are we seeing a new digital divide?

Click here to download the full report In this year’s 17th Annual Global CEO survey, 81% of those questioned cited technological advances as one of the top three global trends most likely to transform their business over the next five years. According to our 2014 Family Business Survey, that figure...