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Middle market

companies at risk

KPMG says there are growing concerns that many middle market companies are at risk by not managing their cash effectively.

KPMG has canvassed the opinion of 200 companies with turnover between £5m and £500m and it says the results show economic optimism has just started to wane after six months of relative calm.

For middle market firms in particular, cash is king. But 2006 has seen pressure on the sector increase following soaring energy costs, a higher minimum wage and a rise in interest rates.


Cobalt in recruitment drive

London brokerage Cobalt Capital has created a 5m recruitment fighting fund and is offering prospective employees who sign up a 50,000 golden handshake.The fund is enough to enable Cobalt to poach, for example, the entire team of staff from rival brokerages. The fund can be utilised to buy other broker firms outright, and Cobalt has […]

Future Mortgages launches Auto ID

Future Mortgages has implemented an Automated Identification system for all first charge loans, putting an end to old fashioned, time intensive identification methods.Auto ID will reduce application processing times by eliminating the need for mortgage customers to submit original identification documents. Auto ID also removes issues surrounding incorrect certification and improves security, as customers will […]

Mortgage Next warns brokers on FSA advertising rules

Mortgage Next is advising intermediaries who are active in the sub-prime market to seek help rather than guess, when it comes to the FSA advertising and promotions rules.Justine Tomlinson, marketing director at Mortgage Next, says: The FSA has made it clear for a long time that it intended taking a close look at the non-conforming […]

DCLG approves RICS for HCRs

The Department for Communities and Local Government has approved Royal Institution of Chartered Surveyors to regulate those members who wish to carry out home condition reports as part of the government’s proposed Home Information Packs.Steven Gould, RICS director of Professional Regulation and Consumer Protection, says: “We are delighted to be able to provide this new, […]

Why we all need to back the housing underdog

The UK loves an underdog. There is something irresistible about the story of the little guy standing up to the established players and leaving them with a bloody nose, whether it is Henry Cooper putting Muhammad Ali on the mat or the Wallabies trouncing the Kiwis in rugby. At the Conservative Party conference, LendInvest championed […]


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