Opinions
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‘Views from the Outlook’ by Robert May - HM Revenue & Customs and Bonds
HMRC have long had the ability to ask for bonds as security and in these uncertain economic times, these could become more common.
Robert May published this on Wednesday, 8th February 2012 in: News, Opinions 169 views Add your comment
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‘Views from the Outlook’ by Robert May - Credit Crunch 2 (A LIBOR Story)
As I look out of the window at the start of a new year, I can’t help but reflect on where the economy is headed. Quite often, following a successful horror movie, a sequel will be released. Following the most recent 3 month LIBOR rate (the rate at which banks’ lend to each other), it seems that the economy could be heading for Credit Crunch 2, The Sequel as well.
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‘Views from the Outlook’ by Robert May - Merry Christmas…..but maybe not such a good New Year
As I look towards Christmas, I think of all that that means. Christmas shopping, carol singing, visiting the family, eating, drinking and being jolly over the Christmas break, but I also cannot help but wonder how it will affect businesses and in particular, traders and retailers.
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‘Views from the Outlook’ by Robert May - HM Revenue & Customs and payment plan problems
In these times of uncertainty and financial pressure, many businesses find cash-flow tight and the ability to pay their tax bills in one go can be strained. On a number of occasions we at Portland have been asked what we think the attitude of HM Revenue & Customs (‘the Revenue’) is to payment plans.
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Carl Faulds’ insolvency article for 200,000 members of FSB
I was recently asked to write an article for a magazine produced for the 200,000 members of The Federation of Small Businesses (FSB), and a copy of the article is reproduced below:
Carl Faulds published this on Monday, 19th September 2011 in: Opinions 251 views Add your comment
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The negative value of credit searches
Absolutely Bizarre! As Portland, we have just applied to open a credit account for a £20 monthly recurring charge and been told we do not pass the credit check and therefore cannot open the account! This is despite the fact the company has been operating profitably for 12 years, has four professionally qualified directors, has never had any bank borrowings, holds cash at bank in every year’s accounts, and has significant reserves on the balance sheet and always pays its debts in full and on time.
