offshore company formation company formations
uk and offshore companies Legal company registration
Date and Time
About Us
Contact Business Inc
UK Incorporations
offshore company incorporation
Virtual Office Services
Business Credit Search
Bank Account UK & Offshore
Merchant Accounts
Web Services
Company Software
IT Services
Graphic Design
Links & Useful Info
Press Release
Legal - Terms and Conditions
Members Login
+44(0) 20 7392 7900
Business Inc company profile, Company Registration, Offshore companies, Virtual Office, Company services Business Banking, Merchant Accounts, Web Services, Business Software, IR services, Graphic design. Company Credit reports, Publication and tax books
Form a Company
UK company formation agent IncorporatorBusiness News

Small businesses feel they are on their own

24/05/2007  11:25:36



Thousands of small businesses feel they are not sufficiently catered for by the nations banks.

According to new research from Yorkshire Bank, 36 per cent of business start-ups and other small firms feel that banks are only interested in helping large companies.

Some 37 per cent of those opting for independent company formation, who originally wanted to be their own boss, also admitted they miss having a "sounding board" to discuss ideas with when making business decisions.

Gary Lumby, head of retail and small business at Yorkshire Bank said: "Its worrying that smaller businesses dont know where they can turn to for business advice and feel that banks dont cater for their needs.

This is particularly concerning when you consider that our research shows 42 per cent of people set up their own business in a field that is alien to their experience and that just one in four (27 per cent) running their own business have any managerial experience at all."

Other major issues concerning respondents included management of cashflow, compliance with company legislation - specifically EU legislation, chasing late payments and marketing issues.

There are currently over four million business enterprises in the UK, the vast majority of which are classed as "small" (0 to 49 employees).

See copyright notice

return to previous     Book Mark Manager  
Other Top Business News Stories

29/05/2007 Small businesses can now get free web presence
29/05/2007 Half of Britons would consider starting own business
25/05/2007 Many SMEs have limited web understanding
25/05/2007 Businesses worldwide grappling with tax regulations
24/05/2007 Small businesses feel they are on their own
24/05/2007 Guernsey counters claims it may be "tax haven"
23/05/2007 Small firms are not "under the radar", warns FSA
23/05/2007 Jersey wins international finance award
22/05/2007 Offshore tax amnesty off to slow start, experts suggest
22/05/2007 SMEs hit by licensing clamp-down

Low cost web-design, hosting and e-commerce development Online Business News by Category

UK & Offshore company formation and banking news


Tax Havens, Asset Protection and Tax News


Director and Company Credit reports



Business News Archive

May 2007 | April 2007 | March 2007

Offshore Companies

Information on offshore companies and offshore corporate structuring is available on several sections of this site. Incorporation and company law information is available in the offshore companies section. Specific information can be found on the relevant jurisdiction page. Further information is available on our excellent Tax Cafe publications. Related topical news stories can be found on this page.

bvi companies | panama offshore incorporation | FAQ UK formation | UK company guides | Company House forms | online company formation | public limited company plc | uk business bank account | london accountant | non geographic numbers | uk company credit report | European business credit reports | international company credit reports | Incorporate Online

Business Inc Company Profile
Click on the links to get the service
Company formation with bank account
Click on the links to get the service
Click on the links to get the service
Tel: +44(0)20 7183 1164
Follow us
Click on the links to get the service
Cheap letterheads & Cards
Click on the links to get the service
  Business-inc certified by ISO 9001  
  Company Formation  
company limited by guarantee | google | limited liability company formation | llc formation | Merchant Accounts | Payroll Services |
UK and offshore company formations agent providing a comprehensive range of business services. © 2007 Business Inc Ltd All rights reserved
Business-inc company profile see our business partners Register and reseve for £ 19 Comapny Credit Reports Profile Partners legal Contact Us checkout