News and Press
This is a new section to our site, as well as providing information of some related topics and as a trusted business to both corporate and government bodies within industry, we are very interested to hear from both our buyers and sellers of what they are looking for from an online disposal company.
As well as giving all buyers and sellers useful insights into our business by keeping everyone posted with auctions and tenders, we also invite buyers, sellers and associates to write interesting but brief articles relating to themselves or of course their perspective on the economy.
Corporate Auctions were the featured article in the business section of The Manchester Evening News.
Read the full article here >>>
Simon Atkins of McKenzie Goldberg, Johnson Insolvency Practitioners writes:
Dear All,
This month's 'world of insolvency' is a newsflash - today's unemployment headline figures are down, but it's a mixed bag on closer investigation; the total level of employment in the economy is down, the total level of 'inactivity' is up - and this will continue to impact on the wider economy, depressing spending and activity.
But on the other hand, unemployment - no matter how you cut the numbers - does lag the economic cycle. We'd expect to see unemployment increasing as the recovery starts. Now is the time when you or your clients should consider the overall business climate; and for businesses staggering under an unmanagable burden of debt, a sale to a new company via a liquidation or a pre-pack administration order may be just the ticket to take advantage of any green shoots, especially in the export market.
If we can help you or your clients to resolve their debt problems, please get in touch.
Regards
Simon Atkins
MGJ Limited
T 0845 680 0315
Daily Telegraph 17/03/2010
UK unemployment shows surprise fall
The number of people seeking jobseeker's allowance fell by the most since 1997 last month, offering hope that the economic recovery is gathering pace.
The so-called claimant count was 1.59 million in February after a fall of 32,300 from the previous month, according to figures from the Office for National Statistics on Wednesday.
Total unemployment, including those not eligible for benefit, was down by 33,000 over the quarter to January to 2.45 million, the lowest for almost a year, and the biggest three-monthly fall for almost three years.
But the good news was tempered with other figures showing a record 8.16 million people classed as economically inactive, while the number of people out of work for longer than a year jumped by 61,000 to 687,000, the worst figure since 1997.
The number of people in work also fell in the latest quarter, down by 54,000 to 28.86 million, giving an employment rate of 72pc.
Officials at the Office for National Statistics said the reason unemployment and employment were both falling was the rising numbers classed as economically inactive.
The number of inactive people, which includes students, those on long-term sick leave or who have given up looking for work, increased by 149,000 over the three months to January.
Unemployment among 18 to 24-year-olds fell by 34,000 to 715,000, but for over-50s, joblessness rose by 14,000 to 398,000.
The unemployment rate fell by 0.1pc to 7.8pc, the first quarterly fall for almost two years.
The claimant count has fallen for three out of the last four months.
Other figures today showed a 39,000 increase in job vacancies to 480,000, although the number of jobs in the UK fell by 119,000 to 30.75 million.
The number of workers in the public sector increased by 7,000 to 6.1 million in the last few months of 2009, while private sector employment fell by 61,000 to 22.76 million.
The economic inactivity rate is now 21.5pc of the working age population, up by 0.9pc on a year ago.
Written by Simon Atkins of McKenzie Goldberg, Johnson Insolvency Practitioners in review of a recent article in the Daily Telepgraph.
Dear All,
It's a lovely autumn day in Crewe so here's some good news for a change - from today's Daily Telegraph.
The longer term picture may be more mixed - at some stage the quantitative easing will need to be turned off and the public finances restored to some sort of order. Somebody, somewhere, will be left with the debt hangover.
Optimism can cause trip ups, too. The key risk for your clients will be overtrading - as demand increases and sales opportunities beckon, purchases are made and output ramped up - but creditors always seem to want paying before the debtors cough up for the goods and services received.
Don't let your clients fall into the overtrading trap - a close eye on a rolling 13 week cash flow forecast can do wonders. The message is the same in recovery as well as recession - if you or your clients think they have a problem, get in touch and we can chat through the issues and a strategy to protect the business, assets and the directors' financial future.
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