BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / Insights / Initiative aims to restore relationships between City and SMEs

Initiative aims to restore relationships between City and SMEs

FOR BUYERS
Initiative aims to restore relationships between City and SMEs

Led by the Confederation of British Industry, the 'Doing Business Together' initiative aims to improve working relations between financial institutions and SMEs.

If the launch event in Richmond, London – which saw banks, insurers and accountants enter discussions with SMEs - proves successful, the initiative will be rolled out across the country.

Business Secretary Vince Cable is endorsing the plans, which have so far had a mixed reaction from owners and managers of small businesses across the UK.

The man behind the Doing Business Together (DBT) initiative, Chris Poll, who is also the chief executive of accounts software firm, Creditpal, said that many small business owners felt they may not 'receive a fair hearing from their bank or insurer.'

“They are afraid of going to talk to their banks. They don't want to muck up what they already have.

“But that masks an inefficient way of running businesses. Accounts are being filed that reflect the bottom of the market. The banks will get involved if they understand the business,” said Mr Poll.

Alongside the DBT plans, the chief executive of the Richmond commerce chamber, Anne Newton, has also announced that it will launch the first 'mentors register.

The register is part of a government-backed initiative designed to encourage business owners and experienced entrepreneurs to offer advice and coaching to younger, less experienced business start-ups.


Share this article



Latest Businesses for Sale

Roofing Contractor Specialising in Slating & Leadwork
UK Wide

The company is a multi-award-winning roofing contractor specialising in natural slate, leadwork and roof restoration projects. The company primarily completes historic restorations and also carries out commercial and domestic work. The quality of...

Asking Price: Offers Invited
Turnover: £1,200,000

LEASEHOLD


Provider of Data Cabling & Network Infrastructure
UK Wide

The company designs, installs, maintains and supports structured cabling; local area and wireless networks; CCTV and access control systems; and telephony and internet services. Operating nationally, the company caters to a diverse client base that i...

Asking Price: Offers Invited
Turnover: £3,500,000

FREEHOLD


Chinese Takeaway
South East, UK

A long-established business which has been owned and operated by the owners for in excess of 12 years. The premises is well presented throughout, with quality fixtures, fittings and equipment included within the sale price.

Asking Price: Offers Invited
Turnover: £416,000

FREEHOLD



View more businesses for sale

Search Insights

Latest Insights

Tips for scaling up your six-figure business prior to a sale

FOR BUYERS

2023: An outlook on developing M&A trends

INDUSTRY INSIGHTS

Elon Musk, Twitter and Acquisition Mistakes

INDUSTRY INSIGHTS

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Insight Categories

  • - For Buyers
  • - For Sellers
  • - Distressed Businesses
  • - Industry Insights
  • - Sector Guides

View all insights

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member
logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.