Business 2021 Goals and Actions; Insolvencies Start to Rise; and Late Payment Penalty Call

Business Finance Bulletin

This time of year, people tend to set new goals and actions and businesses are no different. We open this edition of the Business Finance Bulletin podcast by reviewing the latest Business Barometer report from Hitachi Capital Business Finance. The report highlights three key actions businesses plan to take in 2021. After nearly a year where the number of businesses entering some form of insolvency arrangement has been lower than in previous years, we look at figures from the Insolvency Service which reveal the first increase. Is pressure on businesses now beginning to become evident? To wrap up this podcast, a call from members of the Institute of Directors for the Small Business Commissioner to be allowed to issue penalties to businesses with late payment practices.