Author: Scott Dylan

In the wake of stringent lending criteria imposed by banks, UK entrepreneurs are increasingly turning to pawnbrokers to secure essential funds. This trend reflects the growing challenge small business owners face in obtaining traditional financing.Rising Reliance on PawnbrokersChris Gillespie, CEO of H&T, Britain’s largest pawnbroker, has observed a surge in small business owners using personal valuables to obtain loans. These valuables often include jewellery and watches. Gillespie highlights the difficulty many entrepreneurs encounter when seeking loans from banks, prompting them to explore alternative financing options, such as pawnbroking. “We’ve seen a noticeable increase in shopkeepers and builders using our services…

Female founders in the UK have a golden opportunity to accelerate their business growth.A competition, offering up to £18,000 in support, is set to provide an invaluable lifeline for aspiring female entrepreneurs.The Female Founders CompetitionThe Female Founders Competition is a collaborative initiative designed to empower women entrepreneurs. Open to any female founder based in the UK, the competition provides a platform for innovative business ideas to flourish.Four finalists will be paired with top-tier female business mentors for six weeks and receive £3,000 in credits to develop their business concepts. These mentors include prominent figures such as Julie Waddell, Elsie Rutterford,…

Recent data highlights a concerning trend: a significant number of UK workers are not disconnecting from their jobs during holidays. This behaviour is particularly notable among higher earners, further blurring the lines between work and personal life.A survey conducted among affluent customers reveals that 42% of the British workforce continues to check emails during holidays. High earners are even more engaged, with many working up to three days out of a typical week-long holiday.High Earners and Holiday WorkloadsThe survey specifically targeted those with substantial incomes. Among respondents earning more than £100,000 annually, 66% admitted to working during their holidays. These…

Independent schools are appealing to the Treasury to delay the imposition of VAT on school fees until September 2025. The schools argue that a January implementation could cause significant disruptions.In a letter to the Treasury, headteachers, governors, and bursars from around 50 schools expressed concerns over the short consultation period and potential consequences for both private and state schools.Concerns Over Short Consultation PeriodIndependent schools are set to raise fees by up to 20 per cent starting in January, following a recent government consultation on this policy. The schools have requested a postponement of the policy until September 2025 to allow…

Business leaders are urging Sir Keir Starmer to reconsider plans for a significant expansion of union powers, warning that the move could hamper economic growth and deter investment in the UK.These reforms may compel companies to recognise and negotiate with trade unions, even if only a minority of employees are members. The proposed changes have sparked concern among employers and business groups.Proposed Union Empowerment ReformsThe Labour Party is reportedly developing proposals that would compel companies to recognise and negotiate with trade unions, even if only a minority of employees are union members. These measures could also grant unions a new…

In a noteworthy move, Bridgwater’s renowned nutraceutical manufacturer, Calleva, has officially merged with the Swedish pharma giant, Wellma. This significant partnership marks Wellma’s entrance into the UK market, establishing its first operations outside the European Union.The merger, valued at several million pounds, holds the promise of broadening both entities’ horizons. As Calleva comes under Wellma’s umbrella, a synergy of opportunities becomes available, promising expanded product lines and enhanced research and development capabilities.The merger between Calleva and Wellma is a strategic alignment that combines two dynamic forces in the nutraceutical industry. Calleva, known for its development of nutritional liquids and powders,…

Asos shareholders have overwhelmingly approved a new executive pay scheme.The scheme, known as the ‘Value Creation Plan’ (VCP), received 91.92% support.The VCP will reward senior leaders based on substantial growth and value for shareholders.Shareholders also approved amendments to the Long Term Incentive Scheme 2022, with 99.18% in favour.The announcement initially impacted Asos’s share price, which briefly declined.In a decisive move, Asos shareholders have shown strong backing for a new remuneration scheme aimed at incentivising senior executives. The scheme, known as the ‘Value Creation Plan’ (VCP), was endorsed by 91.92% of voting shareholders during the annual general meeting (AGM) held in…

Business development is often seen as a mysterious and elusive practice within organisations. However, its true essence lies in strategic execution and consistent effort.By embracing its principles, companies can unlock new opportunities, harness deeper client relationships, and drive significant growth. Let’s delve into the nuances of why business development is indispensable.Who is responsible for business development? While one might think it falls solely on those with titles related to client relations, the reality is that every team member plays a role. Every interaction a team member has reflects the brand, contributing to its representation.Even those who are not master networkers…

Disney has chosen to withdraw its attempt to use a Disney+ contract clause to prevent a wrongful death lawsuit from going to court.The case revolves around the tragic death of Dr. Kanokporn Tangsuan, who succumbed to a severe allergic reaction at Disney World.The lawsuit, initiated by Jeffrey Piccolo, seeks justice for his wife, Dr. Kanokporn Tangsuan, who died in 2023 after suffering a severe allergic reaction at Disney World in Florida. Initially, Disney argued that the case should be resolved through arbitration due to a clause in the terms and conditions of its Disney+ streaming service, which Mr Piccolo had…

Fujifilm Diosynth Biotechnologies has inaugurated its state-of-the-art microbial manufacturing facility in Billingham. This £100 million investment marks a significant step in enhancing the UK’s capabilities in biopharmaceutical production.Announced in 2021, this facility is crucial for Fujifilm’s expansion, focusing on microbial production. The site will produce pioneering therapies, supporting global health initiatives and commercial pharmaceutical partners.Business leaders and government dignitaries gathered to celebrate the grand opening of Fujifilm Diosynth Biotechnologies’ new facility. This occasion underscores the importance of the investment in the UK’s pharmaceutical infrastructure. The facility is part of a broader strategy to bolster the nation’s preparedness for future pandemics.With…