Big Corporates Choking SMEs With Late Payment – Survey

On hold after dealing with automated system (Photo credit: Pahz)

Late payments debt high enough to put UK SMEs out of business

By ECM Plus staff

ECM Plus /London/ +++ As the number of British small and medium-sized businesses facing late payments reaches more than a million – with a total aggregated outstanding debt of almost £36.4 billion, many SMEs are in danger of going under.

That’s the startling finding according to new research undertaken for payment specialists BACS.

According to the shocking findings, nationally, the average amount owed to one of Britain’s SMEs is £36,000 – yet 35 percent of SMEs reported that late payment debts of up to just £20,000 would be enough to put them out of business, in a survey by BACS Payment Schemes, the company the runs the Direct Debit system.

Euro crisis to last a decade – Farage

Nigel Farage with Members of the University of York Freedom Association Society (Photo credit: The Freedom Association)

Currency crisis to bring ‘creeping European dictatorship’

ECM Plus /London/ +++ Businesses trying to plan investment for the future and commerce with increasing mountains of bureaucratic ‘jobsworth’ red tape, compliance, regulations and directives from across the sea had a wake up call this week.

Responding to the ‘State of the Union’ speech by Eurocrat Manuel Barroso, UKIP leader Nigel Farage said Barroso had “totally underestimated the complete fanaticism, Mr Barroso of you, your college of commissioners and the European central bank.”

Businesses boot out banks as ‘trust’ collapses

(Photo credit: Truthout.org)

Survey finds SMEs divorcing bank managers

By ECM Plus staff

ECM Plus /London/ +++ Bank managers are being ditched and divorced, as accountants, lawyers and finance directors become the most trusted financial advisers, according to new research into small to medium-sized enterprises.

The new research of 1,000 British small to medium-sized companies by Hitachi Capital Invoice Finance looked at SMEs attitudes and how they really felt about who they trust to keep their business on track.

Finance reports ‘out of date’ and ‘inaccurate’ – survey

Stack ‘em high (Photo credit: ant.photos)

46 per cent of finance departments believe reports they produce are never used

By ECM Plus staff

ECM Plus /London/ +++ Nearly half of managers and directors view reports produced by someone else no more than once per week. An alarming 46 per cent of finance professionals believe that they produce reports that are never used and 63 per cent believe that senior managers should make more use of financial information.

Big bank insider exposes $20bn UBS tax evasion, awarded $104m

National Whistleblowers Center – www.whistleblowers.org

Whistleblower bags massive $104 million reward for foiling bankster scam

By ECM Plus staff

ECM Plus /Washington, D.C./ +++ Former UBS banker Bradley Birkenfeld has won a massive whistleblower reward of $104 million for his contributions in providing the U.S. Government with insider information on UBS’ illegal offshore banking scheme.

According to the National Whistleblowers Center, this is believed to be the largest reward ever given to an individual whistleblower in the United States and the first major reward issued under the IRS tax whistleblower law.

Good acquires Copiun in collaboration move

Copiun acquired by Good Technology. Photo: Enterprise 2.0 Conference

Good Technology signs agreement to acquire Copiun

By ECM Plus staff

ECM Plus /London/ +++ Good Technology has acquired Copiun Inc., a privately-held company specialising in secure mobile collaboration.

According to the company, Copiun’s products enable mobile users to access file shares, SharePoint or other document stores from anywhere without a VPN connection or firewall reconfiguration.

Business crowdfunding to boost economy

Sheffield to play host to crowdfunding event. Photo: Paolo Margari

British business owners become their own financiers, set to make banksters obsolete 

By ECM Plus staff

ECM Plus /London/ +++ So fed up are British business owners with the bankster establishment, their disinterest in lending or supporting the economy that a group of British entrepreneurs, dissatisfied with ‘business-as-usual’, have come together to ‘tear up the rulebook’  and ‘cutting out the middle-men’.

British exports to ROW exceed EU

Trade exports to ROW now exceeds EU. Photo: Kaveri & Sameer

Trade figures find exports to ROW nations exceed European Union member states for the first time in 40 years as Europe ‘turns inward’.

By Alison Little

BRITAIN sent a defiant message to Europe yesterday after it emerged our trade is booming with the rest of the world.

Yuan trade prospects good for Britain

Britannia on Plymouth Hoe

Hong Kong and England exchange would be good for future British prosperity as euro collapses

By PAUL QUIGLEY

ECM Plus +++ As Europe collapses under the strain of its top-heavy, over-debtedness and uber-bureaucratised idealism, the prospects for Britain are looking infinitely brighter in the light of recent exchange trade talks with the world’s second-largest economy, China.

Reports that the current British chancellor Osbourne is glad-handing the Chinese in the former British colony of Hong Kong comes as a welcome refrain for Britain’s social and economic prosperity, following the disintegration of the euro now taking place across the continent.

Axe gods grab hi-fi firm in high-end audio expansion

Nashville, Tennessee, home of Gibson Guitars

Gibson acquires stake in Onkyo Japan and majority interest in Onkyo USA

By ECM Plus staff

ECM Plus +++ American musical instrument manufacturer Gibson Guitar has just inked a strategic partnership with Onkyo Corporation, the Japanese audio specialist.

According to the Nashville firm, Onkyo will give Gibson’s newly-formed pro audio division substantial technology resources.

Crowd-funding entreprenuers get on their bikes and ride

Hugh Fearnley-Whittingstall presents cheque for £40,290 to The Bicycle Academy, thanks to Peoplefund.it

By ECM Plus staff

ECM Plus +++ Broadcaster and food writer Hugh Fearnley Whittingstall has presented a cheque for £40,290 to Andrew Denham of The Bicycle Academy, at River Cottage HQ, in Axminster.

The money was raised in an amazing 6 days, through website Peoplefund.it and is thought to be the fastest ‘crowd-funded’ enterprise in Britain.