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# The iBOSS: We Will Help Grow Your Business

## Sitemaps
[XML Sitemap](https://theiboss.co.uk/sitemap_index.xml): Includes all crawlable and indexable pages.

## Posts
- [Manufacturers question ability to expand production capacity](https://theiboss.co.uk/manufacturers-question-ability-to-expand-production-capacity/): Reuters reports that a survey of British manufacturers suggests the UK’s ability to rapidly expand domestic production in a crisis is mixed. This raises questions about the possibility to rebuild strategic industrial capacity in areas such as defence and energy. The poll of 358 manufacturers by the Manufacturing Technologies Association revealed that 38% of firms say they could increase output within three months. A further 18% said it would take three to six months. However, 29% said they would be unable to add capacity at all, and more than a quarter said they had no interest in supporting a drive to boost sovereign manufacturing. Funding shortages were cited as the biggest obstacle to expansion, followed by a lack of space. Interestingly there were significant signs of scepticism toward government policy, with 55% saying the industrial strategy had made no difference to their business and was unlikely to do so in future.
- [Staying in Business?](https://theiboss.co.uk/dont-struggle-staying-in-business/): Running a small or medium-sized enterprise has never been simple, but in today’s landscape the challenge is steeper than ever. Markets shift quickly, technology evolves at pace, and customer expectations continue to rise. For many business owners, simply keeping the lights on can feel like a full‑time job, let alone finding the time, clarity, or resources to fuel real growth.
- [Buying a Business?](https://theiboss.co.uk/help-with-buying-a-business/): Buying an existing business can be one of the most rewarding decisions an entrepreneur makes, but it is rarely simple. Hidden challenges, financial hurdles and organisational blind spots can quickly transform an exciting opportunity into a stressful uphill climb. That’s why specialist support can make the difference between a dream realised and a deal that never quite gets off the ground.
- [Starting a Business?](https://theiboss.co.uk/starting-a-business/): Starting a business is one of the most exciting steps you can take in your professional life. It represents freedom, creativity, and the opportunity to shape your own future. But with that excitement often comes uncertainty; “Is my idea good enough? Where do I begin? What should I be thinking about first?”.
- [iBOSS introduces Interim Management Support](https://theiboss.co.uk/iboss-introduces-interim-management-support/): Many business owners wonder whether Interim Management Support is just another name for Business Coaching. It’s a fair question—they both aim to improve performance and help a business move forward. But in reality, they serve very different purposes, especially when you’re dealing with rapid change, unexpected challenges, or a shortage of time and resources. Let’s break it down in a simple way.
- [Businesses brace for new employment laws](https://theiboss.co.uk/businesses-brace-for-new-employment-laws/): The first reforms under the Employment Rights Act have come into force. These enhance trade union powers for the benefit of employees. Key changes include the repeal of most of the provisions of the Trade Union Act 2016. They include instead new protections against dismissal for participating in industrial action. One of the partners at Mayer Brown said that “This is a gamechanger. One that will put an even greater onus on employers to prove cause”. Additional measures, including whistleblowing protections, will take effect on 6 April,. Expectation is that employers are planning redundancies ahead of unfair dismissal reforms coming into force next January. The cap on compensation for unfair dismissal will also be lifted. This could also become a significant issue for those employing high earners.
- [Tax loophole favours Chinese importers](https://theiboss.co.uk/tax-loophole-favours-chinese-importers/): The chief executive of Associated British Foods, (owner of Primark), has warned that the Government's delay in addressing a tax loophole benefits Chinese firms and is harming UK retailers. He has urged ministers to eliminate a rule allowing firms like Shein and Temu to ship parcels worth up to £135 without duty.
- [SMEs face £680m hit from Labour’s union plans](https://theiboss.co.uk/smes-face-680m-hit-from-labours-union-plans/): Labour’s plan to let trade unions into workplaces according to the Telegraph. It points out that this could hit small businesses with a £680m bill. Under the Employment Rights Act, union officials will be granted "statutory right of access" to workplaces on a weekly basis.
- [Forecast that four hospitality businesses to close daily in 2026](https://theiboss.co.uk/forecast-that-four-hospitality-businesses-to-close-daily-in-2026/): City AM reports that the hospitality sector in Britain is facing significant challenges, with four businesses closing daily. According to the NIQ Hospitality Market Monitor, the number of food and drink venues decreased by 0.4% between October and December 2025.
- [Monzo Bank launches free tax tool for traders](https://theiboss.co.uk/monzo-bank-launches-free-tax-tool-for-traders/): Monzo has introduced a free, HMRC-recognised tax tool to assist sole traders and landlords with the upcoming Making Tax Digital (MTD) for Income Tax regulations, effective April 2026. The tool allows users to submit tax updates directly through the Monzo app.
- [More help for struggling hospitality businesses.](https://theiboss.co.uk/more-help-for-struggling-hospitality-businesses/): Both the FT and the Telegraph report that The Chancellor has stated that only pubs will receive tax relief from the Government's recent business rates U-turn. This leaves other hospitality businesses without the support they need. She was speaking at the World Economic Forum in Davos. She went on to say "The situation the pubs face is different from others in the hospitality sector."
- [Tax rule change forces firms to rethink vans.](https://theiboss.co.uk/tax-rule-change-forces-firms-to-rethink-vans/): The Times reports that businesses are reconsidering their vehicle choices. This is due to new tax rules introduced by Chancellor Rachel Reeves. The problem is that the changes classify double-cab pick-up trucks as cars for tax purposes. This potentially doubles the tax bill for employees.
- [Be Prepared! – Cyber-attack could sink 10% of firms](https://theiboss.co.uk/be-prepared-cyber-attack-could-sink-10-of-firms/): Research by Vodafone Business claims that 10% of British firms could face closure as a result of cyber-attacks. According to the study a combination of poor crisis planning, weak password practices, and employee susceptibility to phishing scams are the likely sources of vulnerability.
- [Young Brits embark on entrepreneurship surge](https://theiboss.co.uk/young-brits-embark-on-entrepreneurship-surge/): According to City AM more young UK adults are considering embarking on entrepreneurship. This is based on a report by financial services firm Block. It reveals that 67% of 18–34-year-olds interviewed are interested in starting a business. This appears to be contrary to many recent  reports of a  decline in business confidence and rising job losses among UK SMEs.
- [Pubs & Hotels face increasing financial crisis after tax hikes](https://theiboss.co.uk/pubs-hotels-face-increasing-financial-crisis-after-tax-hikes/): Pubs in the UK are facing severe financial challenges. This follows the Chancellor's recent Budget, which has led to increased business rates. Landlords warn that pint prices could exceed £18 due to rising costs, with some pubs already raising prices by 15-20% and cutting staff hours. The British Beer and Pub Association estimates that England could lose six pubs daily without government intervention.
- [SMEs will share the pain of threshold freeze!](https://theiboss.co.uk/smes-will-share-the-pain-of-threshold-freeze/): SMEs are facing increased financial pressures following the Budget. Key changes include rising dividend taxes and the extension of a freeze on income tax thresholds until 2030/31, which will push more workers into higher tax bands, thereby reducing their spending power.
- [Class distinction in apprenticeship uptake? No thanks!](https://theiboss.co.uk/class-distinction-in-apprenticeship-uptake-no-thanks/): According to the Times, a report by the Education Policy Institute (EPI) reveals that middle-class students dominate degree apprenticeship programmes. Degree apprenticeships combine university-level study with paid, work-based training, leading to a degree-level qualification without having to pay tuition fees. In 2022/23, only 10.7% of degree apprentices were identified as disadvantaged, compared to 19.4% of all undergraduates. The EPI recommends targeted maintenance grants and outreach efforts to improve access for underprivileged youngsters.
- [Advice to small firms with closure concerns](https://theiboss.co.uk/advice-to-small-firms-with-closure-concerns/): A Federation of Small Businesses (FSB) survey of nearly 1,500 small business owners and sole traders warns that thousands of small businesses could be at risk of closure. This is due to declining revenues and rising tax bills. The survey shows that 30% expect to either contract, downsize or collapse over the coming year. The poll revealed that 55% of companies say that their income fell over the past three months, with a £25bn tax raid having an impact. This came after changes in last year's Budget saw the main rate of employer National Insurance contributions climb from 13.8% to 15%. In addition the earnings threshold reduced to £5,000 from £9,100. Tina McKenzie, policy chair at the FSB, said: "Millions of small businesses shrinking, closing or selling up instead of growing means a vicious cycle of a lower tax take, higher unemployment. Inevitably greater demands on the state will all exacerbate each other in a downward spiral." 
- [iBOSS supports UK surge in new businesses](https://theiboss.co.uk/iboss-supports-uk-surge-in-new-businesses/): The Times reports that, the UK had 5.7m businesses, at the start of 2024. This was an increase of 191,000 from the previous year, according to the Department of Trade & Industry (DTI). It is claimed that this is primarily due to 201,000 new self-employed and one-person companies being registered. Interesting that this is despite a decline of 9,000 in firms employing staff. Jonny Haseldine from the British Chambers of Commerce noted: "It's really welcome to see the UK's entrepreneurial spirit created more private businesses in 2024." However, he warned that many SMEs face "widespread cost pressures" and urged the Chancellor to avoid new taxes on businesses.
- [UK Government advise SMEs to get security against cyber-attack.](https://theiboss.co.uk/uk-government-advise-smes-to-get-security-against-cyber-attack/): Amid a surge in cyber-attacks targeting major businesses, the Government has advised businesses to prepare for potential cyber-attacks. This includes by maintaining physical copies of their operational plans. The recommendation follows a rise in serious cyber incidents, with the National Cyber-Security Centre (NCSC) reporting 204 "nationally significant" attacks this year, a 50% increase from last year. As a result consultancy firms are expected to see a significant increase in demand for cybersecurity services.
- [Labour’s tax plans depress UK property market](https://theiboss.co.uk/labours-tax-plans-depress-uk-property-market/): The Telegraph reports that the UK property market is experiencing a significant slowdown due to Labour's proposed tax changes. It is claimed that properties are remaining unsold for extended periods, with house prices declining and sales falling through. A representative of Sotheby's noted that this summer has been "one of the quietest we've seen for some time." Furthermore Simon Gerrard, from Martyn Gerrard estate agents, reported that nearly 20% of agreed sales fell through in August. Not surprisingly, the uncertainty surrounding the upcoming Budget has left buyers hesitant, with many adopting a "wait-and-see" approach.
- [Increasing exports to USA](https://theiboss.co.uk/uk-firms-increasing-exports-to-usa/): Research by HSBC shows that UK businesses are experiencing a surge in trade with the US. Payments from UK firms to US counterparts rose by 23% in the year to June, while payments from the US to the UK increased by 13%. The analysis shows that one-third of UK businesses gained new US customers, with 37% reporting revenue growth. HSBC's head of global trade solutions, Stephanie Betant, noted that the UK’s service-oriented economy has helped mitigate the impact of US tariffs on goods.
- [IMS – Affordable support for property developers](https://theiboss.co.uk/ims-affordable-support-for-early-stage-property-developers/): We know from our clients’ experience that moving into Property development can put a strain on both time, resources and ‘peace of mind’. This is where the iBOSS Interim Management Support (IMS) service can be so valuable to those starting down this path.
- [UK Firms looking to increase spending on AI](https://theiboss.co.uk/uk-firms-looking-to-increase-spending-on-ai/): According to the Barclays Business Prosperity Index survey British businesses invested an average of £236,000 in artificial intelligence (AI) over the past year. Large companies, with over 250 employees, spent an average of around £400,000 on AI and emerging technologies. Medium firms spent £225,500, while small companies invested £125,250. The survey went on to report that 68% of those approached, which included 1,000 decision-makers, have plans to increase their AI budgets next year. Matt Hammerstein, chief executive of Barclays UK corporate banking, said: "Our research suggests that AI is becoming a key tool to drive innovation, encourage investment and upskilling to lift productivity and build confidence in the UK as a global business hub."
- [Help for Our Client Buying a Business](https://theiboss.co.uk/helping-our-client-to-take-the-floor/): iBOSS was approached, by a legal advisor contact of ours, to help a client of his, who was considering buying a well-established retail business. That business is based in Cambridgeshire and trades under the name of Cambridge Interiors. This was a ‘retirement sale’ of a company involved in selling curtains, carpets and other flooring materials. It has been in existence for some 30 years with a solid customer base.
- [Cyber threats encourage Fintech hiring.](https://theiboss.co.uk/cyber-threats-encourage-fintech-hiring/): It is reported that the UK fintech industry is poised for significant growth. Hiring is projected to rise by 32% in 2025. This is due largely to increased demand for risk and compliance roles. The result of the series of cyber-attacks on major retailers that we are all aware of. A spokesperson for Morgan McKinley UK, said: "This isn't a hype-driven rebound, it's a grounded response to real-world pressures." It is predicted that there will be a 29% increase in risk and compliance staffing this year. This will be accompanied by a 50% surge in demand for financial anti-crime professionals. Overall, fintech employment is expected to grow by 19.4% in 2025. Companies expected to lead the charge in new hires include the likes of Deel, Starling, and Monzo.
- [Energy bills forecast to fall in July](https://theiboss.co.uk/predicted-fall-in-energy-bills/): According to the BBC, analysts at Cornwall Insight predict that domestic energy prices will fall by almost 7% a year in July. The £129 reduction in Ofgem's price cap helps. This means that the average gas and electricity bill should fall to £1,720 a year. This is down from the current level of £1,849. Cornwall Insight had originally predicted a larger fall - to £1,683. They commented, however, that the new forecast reflected higher wholesale energy prices. It has also predicted that the energy price cap will fall again in October, followed by another drop in January 2026.
- [Export sales slump for many UK SME’s](https://theiboss.co.uk/the-chamber-of-commerce-reports-fall-in-export-sales/): According to the British Chambers of Commerce (BCC), many small UK businesses are experiencing a decline in overseas sales. Unsurprisingly this has been exacerbated by President Donald Trump's tariffs. The Chamber’s outlook report surveyed 1,800 SMEs. It revealed that over a quarter of exporters had experienced decreased sales in the first quarter of the year. This is a significant rise from the previous 14%. The stats showed that nearly a third of manufacturers faced sales declines This indicating broader issues within the sector. William Bain, BCC's trade policy head, said: “We believe the Government has adopted the right strategy for tariffs of negotiation not retaliation, and the signals from the White House are there is a deal to be done.” He added: “It is also right to pursue a closer trading relationship with the EU and to point businesses towards the burgeoning opportunities in the Indo-Pacific region.”
- [Firms predicted to re-establish manufacturing in the UK](https://theiboss.co.uk/uk-firms-to-re-introduce-manufacturing-into-the-uk/): UK companies are projected to invest $650bn over the next three years according to the Times. The plan is to re-establish manufacturing in the UK. This is brought about by concerns over geopolitical risks and supply chain disruptions. This was revealed in a survey by Capgemini. Of British firms surveyed, 59% plan to enhance their manufacturing capabilities both domestically and in nearby countries by 2028. Rob Walker, UK managing director of Capgemini, stated that this reindustrialisation “represents a big opportunity for economic growth.”
- [UK’s ‘Tech’ start-ups face international acquisition](https://theiboss.co.uk/uk-tech-startups-face-international-acquisition/): The Independent reports that the UK is at risk of becoming an "incubator economy". Tech start-ups are increasingly being acquired by international competitors. The warning comes from Universities UK. They report that start-ups are being lured abroad due to insufficient funding for growth in the UK. The analysis by Universities UK (UUK) predicts that with adequate support, around 27,000 new start-ups could emerge by 2028, generating a turnover of approximately £10.8bn. The chief executive of UUK, said: “The growth in university supported start-ups over the last decade has been a staggering success. We can, however, do more to ensure that they can remain in the UK and grow here.” The Federation of Small Businesses also stressed the importance of universities in fostering entrepreneurship, highlighting regional disparities in support.
- [Need support setting up or buying a business? Help is at hand!](https://theiboss.co.uk/help-in-setting-up-or-buying-a-business/): Setting up or buying a business can be both exciting and overwhelming, especially if it is your first time!. This is when we at iBOSS can help. Not only have we helped many clients, but all of our directors have experience of setting up their own businesses. We understand the does & don’t as well as the potential pitfalls and know how to avoid them! Importantly, we do not just sit on the sidelines making suggestions. We are quite prepared to roll our sleeves up and adopt a ‘hands-on’ attitude where needed.
- [Government plan to cut tech sector red tape](https://theiboss.co.uk/plan-to-cut-tech-sector-red-tape/): Technology Secretary Peter Kyle has pledged to ease unnecessary regulation that hinders development and use of cutting-edge technology. In announcing this he says that “there is no route to long term growth without innovation.” This comes as part of the Government’s first-ever dedicated strategy for the digital and technology sector. Lord David Willetts, a former Science Minister, has been appointed as the first chair of the Regulatory Innovation Office. He says that the unit will work to “shape regulatory approaches that empower new technologies.”
- [Warning over employment claims!](https://theiboss.co.uk/warning-over-employment-claims/): A recent analysis by law firm Birketts warns of increasing employment claims. It revealed that English and Welsh businesses have spent increased time (& money) handling Employment Tribunal claims. This amounted to an average of 4.8 weeks in the last 24 months. The most common claims were found to be those related to unfair dismissal (23.9%). Disability discrimination (22%) came a close second. A partner in Birketts’ employment team, says employment claims “have become a costly burden for businesses.”
- [Consumers to be source of future growth](https://theiboss.co.uk/consumers-to-be-leading-source-of-future-growth/): According to analysts at Capital Economics, consumer spending will rise by 1.4% in 2025. This will be followed by 2% in 2026 as the household savings rate falls. Ashley Webb, the firm’s UK economist, said consumer spending will be “a key driver” of economic growth. The report suggests that GDP will increase by 1.3% this year and 1.6% next year.
- [UK SMEs concentrate on local growth](https://theiboss.co.uk/uk-smes-are-concentrating-on-local-growth-of-the-business-rather-than-seeking-to-export/): The Mail reports on new research indicating that the UK's smallest businesses are prioritising local growth over international expansion. According to Zempler Bank, 27% of these businesses prefer regional development. Only 12% said their main goal was to expand internationally. Interestingly, while 54% of businesses expect modest growth, 24% have no ambition to grow.
- [Gen Z seeks longer employment opportunities.](https://theiboss.co.uk/gen-z-seeks-longer-employment-opportunities/): The Mail reports that research by Admiral reveals a significant shift in employment attitudes among workers under 27. Many are showing a strong preference for long-term employment. The study indicates that 75% of 18 to 27-year-olds (Gen Z) are seeking stable, long-term roles, with many prioritising career development over higher salaries. Unlike Millennials, who often switch jobs for pay increases, 70% of Gen Z workers prefer to grow within a single firm. Matt Wintle, head of talent and acquisition at Admiral, noted that younger employees are keen to invest in their workplace and seek personal development and work-life balance.
- [Tax relief reduction sparks fears of imminent business closures.](https://theiboss.co.uk/tax-relief-reduction-sparks-fears-of-imminent-business-closures/): Following the Budget, Industry leaders have raised concerns that a reduction in property tax relief will lead to store closures. This, when added to the other measures announced that are detrimental to small businesses, at least in the short term, will undoubtedly cause job losses. This is particularly so in the small retail, hospitality, and leisure sectors.
- [UK new business creation slumps](https://theiboss.co.uk/post-on-reporets-that-new-business-creation-in-the-uk-has-slumped/): It is being reported that fewer businesses are being established in the UK. There has been a 3.7% decline in new firms established during the third quarter of 2024. This is compared to the same period in 2023 according to the Office for National Statistics. The downturn affected 13 out of 16 main industrial sectors. The most significant reductions observed were in the construction, transport, and storage industries.
- [Manufacturers optimistic about economic growth in 2024.](https://theiboss.co.uk/uk-manufacturers-optimistic-about-economic-growth/): According to a recent report by Make UK and BDO, three in five manufacturers are optimistic about improved  economic growth in 2024. This is  despite some recent negative vibes. Interestingly, only 6% of the 300+ surveyed companies expect a decline. As a result, Make UK has revised its growth forecast for 2025 from 0.8% to 1.8%. A senior economist at Make UK, stated:  "Despite output turning negative in the short-term and recruitment dipping, investment remains positive and business confidence continues to climb.” Richard Austin, the head of manufacturing at BDO, commented that "With a new Government in place with a substantial majority, Manufacturers are hoping for a period of greater political stability. This should provide a better economic outlook ahead. That in turn is boosting business confidence.”
- [Covid insurance – Court rules in favour of businesses.](https://theiboss.co.uk/covid-insurance-court-rules-in-favour-of-business-on-covid-insurance/): The Court of Appeal has upheld a significant ruling regarding insurance claims for business losses linked to the COVID-19 pandemic. Court has ruled in favour of businesses. The decision rejected appeals from insurance firms against a June 2023 High Court ruling. This could enable thousands of businesses to seek compensation. The case in question involved a £16m claim from London's ExCel centre. Lawyers claimed that the ruling would allow many businesses previously denied coverage to pursue significant claims. The result is that thousands of businesses affected by the Covid lockdowns who have not yet had a payout from their insurers, may now be able to pursue a claim. Many policyholders previously denied cover may in fact have significant payments available to them under their insurance policies.”  
- [Concern as High Street shop closures climb](https://theiboss.co.uk/concern-as-high-street-shop-closures-climb/): Concern expressed as High Street shop closures climb. This is according to The Mirror which reports a surge in retail closures. Speculation is that pressure on high street stores has been exacerbated by a significant shift towards online shopping. This and the ongoing cost-of-living crisis has left consumers with less disposable income. According to PwC, 14,081 shops from chains exited UK high streets in 2023, averaging 39 closures daily. Undoubtedly a matter of concern.
- [UK private sector economy grows](https://theiboss.co.uk/uk-private-sector-economy-grows/): Activity in the UK's private sector has grown to reach a four-month high in August. This was driven by a "robust upturn" in new business. This is according to the purchasing managers' index (PMI). This recorded a level of 53.4, up from 52.8 in July. The chief business economist at S&P Global Market Intelligence commented that “August is witnessing a welcome combination of stronger economic growth, improved job creation and lower inflation.” The easing of inflationary pressures, particularly in the services sector, contributed to this growth. The rate of employment growth was the fastest since June 2023. Despite expectations of a slowdown in GDP growth for the third quarter, the PMI suggests a solid quarterly expansion rate of around 0.3%.
- [Young entrepreneurs skip higher education to start business](https://theiboss.co.uk/young-entrepreneurs-skip-higher-education-to-start-their-own-business/): Recent research suggests that young entrepreneurs are skipping higher education in favour of starting their own businesses. A poll of digital micro businesses by GoDaddy’s research initiative Venture Forward shows that 22% of entrepreneurs under 30 started their business after their A-levels instead of pursuing a university degree. Andrew Gradon, head of GoDaddy UK & Ireland, said the research “indicates entrepreneurship is becoming an increasingly attractive alternative to higher education.”
- [Encouraging signs of Manufacturing sector production growth](https://theiboss.co.uk/signs-of-growth-in-the-manufacturing-production/): It is reported by the Telegraph that the UK manufacturing sector has experienced its fastest production growth since February 2022. The Purchasing Managers' Index (PMI) registered 52.1 in July, up from 50.9 in June. A reading above 50 indicates growth in the sector. Companies credited the growth to higher demand from new product launches, efforts to clear backlogs of work, and improved intakes of new business. Output, new orders, and employment were all up, with the first increase in workforce levels since September 2022. However, inflationary pressures remain a concern, with input costs rising and selling prices increasing. Dave Atkinson, UK head of manufacturing at Lloyds Bank, said the growth will provide a boost to the sector and may encourage businesses to reconsider investment plans. 
- [FSB exec calls to support high street firms](https://theiboss.co.uk/the-fsb-calls-for-support-for-high-street-businesses/): Tina McKenzie of the FSB says small businesses are playing a crucial role in revitalising high streets and local economies. She advocates action to ensure their survival and contribute to the future of town centres. This includes addressing business rates, transport, and parking. One suggested innovative solution is the introduction of loyalty schemes. This would encourage collaboration among local businesses and incentivise consumers to shop locally.
- [SME Growth Guarantee Scheme launch](https://theiboss.co.uk/british-business-bank-launches-new-growth-guarantee-loan-scheme-for-smes/): It is reported that the British Business Bank has launched the Growth Guarantee Scheme. This aims to Provide access to finance for UK SMEs. The scheme is expected to support around 11,000 smaller businesses between July 2024 and March 2026. To date, 41 Lenders have been accredited for the scheme, with more to follow! Of these 20 are ready to accept applications.
- [Business acquisition and Exit planning.](https://theiboss.co.uk/blog-on-buying-or-selling-a-business/): The Team at iBOSS have many years of experience of both acquiring and selling businesses. This is both on a personal basis and supporting and guiding clients through the process. Here we are talking about established businesses, although we can also help with planning and financing startups.
- [Increase in SME profits despite decline in revenues!](https://theiboss.co.uk/increase-in-sme-profits-despite-decline-in-revenues/): The Times reports that small businesses have seen an increase in profits by 6.5% in the first quarter of 2024. This is despite a decline in revenues. According to Sage's small business tracker, companies have been cutting costs to bolster profitability. It states, however, that many are waiting for a more stable economic and political climate before making investments.
- [Confidence in UK manufacturing highest for 10 years.](https://theiboss.co.uk/confidence-in-uk-manufacturing/): It is reported that UK manufacturers' confidence is at its highest level in a decade. Businesses are seeing  signs of a real economic turnaround. A survey by Make UK, reports that both output and orders have improved. Thus confidence has reached a rating of level 7 (on a scale of 1 to 10). This is only the second time it has reached this level since 2014. This is due in part by Manufacturers being hopeful that interest rates will fall as inflation cools. One benefit is that, with demand soaring and optimism increasing, more businesses expect to recruit over the next few months. The manufacturing sector is expected to outpace overall growth this year. Growth is forecast at 1.2% compared to 0.9% across the broader economy.
- [Re-arranging the deckchairs is not enough  for UK Business.](https://theiboss.co.uk/more-support-for-growth-of-uk-businesses/): UK businesses organisations are urging the future Government to be far more proactive in helping firms to adjust to changes in the global economy. The Confederation of British Industry wants the next government to deliver a programme of targeted subsidies. The purpose: to help firms adopt new technologies. Meanwhile, the British Chambers of Commerce (BCC) has called for the appointment of an ‘AI champion’ to mastermind the uptake of new technologies among SMEs. The Director of policy at the BCC, said this will require “long-term buy-in from our politicians.”
- [The big banks to reduce funding to Small business?](https://theiboss.co.uk/the-big-banks-to-reduce-funding-to-small-business/): One of the established ‘alternative’ lenders to SMEs, iwoca, has published a new Broker survey. This claims that the main high street banks are expected to further reduce funding for SMEs. They claim that 77% of SME finance brokers believe high street banks will decrease their appetite to fund small businesses. It also says that 86% of brokers expect to see increased demand for SME finance in the next six months. However 68% believe that, in spite of this the high street banks will still reduce access to working capital for SMEs.
- [Report that UK SME management have below average skills.](https://theiboss.co.uk/sme-management-have-below-average-skills/): According to the Office for National Statistics (ONS) the decision-making skills of the worst-performing UK SMEs were well below average in 22/23. They were more likely to make guesses when faced with challenges than make decisions based on business analysis.
- [FSB reports SME confidence climbing.](https://theiboss.co.uk/the-fsb-reports-that-sme-confidence-is-climbing/): The FSB reports that confidence among small businesses has climbed in the first three months of 2024. Their index returned to positive territory for the first time in two years as business confidence increased by 20 points between January and March. The increase took the balance of firms feeling confident to 5.5 points. The most confident sector was manufacturing, which rated 19.1 points. Having said this, when questioned about challenges, 83.7% said that increases in operating costs were their main concern. This particularly related to rising utility and labour costs. The Policy Chair at the FSB, said that “The rebound in confidence levels in most sectors is a good indicator that the shallow recession recorded at the end of 2023 is firmly in the past. Many SMEs are now keen to look ahead to expansion and better trading conditions.”
- [Apprenticeship a better option?](https://theiboss.co.uk/apprentices-out-earn-graduates/): The Telegraph has reported that apprentices are a better option for learning. The claim is that they can out-earn university graduates. This applies to the first 5 years of their working life. Furthermore they avoid the £45,000 of student debt that graduates can incur. Engineering apprentices in the electricity generation, water provision and manufacturing earn an average of £39,200 after five years. This surpasses the estimated £36,500 earned by engineering degree graduates. Apprentices in building and construction also tend to out-earn their university counterparts. Another advantage of many apprenticeships is that they offer more immediate job opportunities. Figures show that 77% of apprentices are in sustained employment one year after completion. This compares with 62.5% of graduates. 
- [Police announce plans for new anti-fraud website.](https://theiboss.co.uk/article-announcing-police-introducing-anti-fraud-web-site/): James Thomson, chair of the City of London Police Authority Board, has announced a new £152m service to replace Action Fraud.
- [Many Brits would like to start their own business.](https://theiboss.co.uk/50-of-adults-want-to-start-their-own-business/): A recent survey, commissioned by AXA, of 2,000 UK adults found that over 50% of them had a desire to start their own business. It reported that one-third of these individuals want to pursue their plans within the next two years. The main reasons for wanting to become their own boss included having freedom to make their own decisions and the possibility of improving their work-life balance. Undoubtedly this is, in part, related to the after-effects of the lockdown and the emphasis that had on the concept of working from home! Interestingly, according to the survey, 16% of respondents already manage side businesses, while 13% are actively saving funds to achieve their future business objectives.
- [Number of UK start-up hits record](https://theiboss.co.uk/the-number-of-new-business-start-ups-hits-record/): According to The Independent, record numbers of people are starting new businesses. Also an increasing number are being set up by women or minorities. New business applications jumped in 2020 as the pandemic and ‘Lockdown’ started. New registrations are being filed at a record pace. In a recent survey of 1,300 owners who started their small business last year, women made up 49% . Black entrepreneurs made up 6% of new business owners in 2023. This was double the rate seen before the pandemic. Hispanic entrepreneurs made up 13% of new owners, compared to 8% last year. Meanwhile, 44% of these businesses are being started as “moonlighting”. In other words, entrepreneurs starting a new business while working another job.
- [Company operating profit figures to be standardised by 2027](https://theiboss.co.uk/reports-on-operating-profits-to-be-standardised/): Companies will have to publish standardised operating profit figures from 2027. This is a new requirement from the International Accounting Standards Board (IASB). The IASB writes book-keeping rules for companies across 147 countries. The aim is to end the discretion of companies to decide what constitutes operating profit in their income statement. Currently, many companies report earnings before interest, taxes, depreciation, and amortisation (EBITDA), a figure that is not defined under IASB rules and can be compiled in different ways. The new IASB rules define mandatory sub-totals for operating profit, which will include depreciation, amortisation, and impairment on goodwill, and profit before financing and income taxes. Common adjustments, such as for currency fluctuations, can only be included in footnotes to the statement.
- [High banking charges hinder SME expansion](https://theiboss.co.uk/high-banking-charges-hinder-sme-expansion-into-export-markets/): A  study of 3,000 small business owners has found that high banking charges are a bigger obstacle to international expansion than Brexit red tape.
- [Keeping company Tax records?](https://theiboss.co.uk/keeping-company-tax-records/): We must point out firstly that we, at iBOSS, are not accountants. Nevertheless we reproduce below information from TaxAssist Accountants that we think may be useful to SME owners/managers. It provides information on time-scales for keeping company tax records.
- [UK manufacturing continues to struggle.](https://theiboss.co.uk/uk-manufacturing-continues-to-struggle/): It is reported that UK manufacturing continues to struggle. This is due, in part, to continued supply chain difficulties. The S&P Global/CIPS UK manufacturing PMI survey shows a slight reduction in the rate of decline. The sector remains, however, below the contraction threshold. Manufacturers are adopting a cost-cautious approach. This is leading to cutbacks in purchasing and stock holdings.
- [Highest Consumer confidence for 2 years](https://theiboss.co.uk/highest-consumer-confidence-for-two-years/): Report on improved optimism in household finances over the next 12 months.
- [FSB calls for VAT threshold change](https://theiboss.co.uk/change-to-vat-threshold/): The report by FSB is calling for the Government to consider raising the VAT threshold from £85,000 to £100,000. The argument is that this will remove a barrier to growth. Since the present freeze was introduced in 2017, more companies are being brought into the VAT system due to inflation.
- [Helping our client to buy a retail business.](https://theiboss.co.uk/buying-a-retail-business/): Alistair and Jonathan at the handover
- [HMRC Employer Bulletin](https://theiboss.co.uk/hmrc-employer-bulletin-on-payroll-matters/): The HMRC has published its latest issue of bi-monthly ‘The HMRC Employer Bulletin’. This is a publication that provides information on the latest matters relating to company payroll. The December issue has information on a range of topics, including:
- [Helping a children’s nursery to grow](https://theiboss.co.uk/article-on-how-we-are-helping-a-nursery-school-to-grow/): We, at iBOSS, were recently approached by the owner of a children’s Nursery. She was looking for assistance in developing her business, which operates as a Ltd Company. The Nursery itself performs very well in regard to the educational and care aspects of the business. It is currently operating on a firm financial basis and has recently gained an ‘Outstanding’ rating from OFSTED.  What the owner was looking for was help and guidance in terms of commercialisation and growth of the business.
- [Setting up a ‘Smart-tech business?](https://theiboss.co.uk/setting-up-a-smart-tech-business/): iBOSS help with setting up Smart-tech businesses.
- [Advice on Cyber security from Keba Computers](https://theiboss.co.uk/advice-on-cyber-security-from-keba-computers/): protection for our IT systems is increasingly becoming a problem. This is true for all businesses and individuals.
- [Board directors willing to take on more risk in 2024](https://theiboss.co.uk/board-directors-willing-to-take-on-more-risk-in-2024/): According to a recentfinancial services-generated report, more than 60% of board directors are willing to take on additional risk next year
- [Excessive taxation on UK high earners could backfire on the economy.](https://theiboss.co.uk/excessive-taxation-on-uk-high-earners-could-backfire-on-the-economy/): According to The Wealth Club (a retail investment firm) the UK’s top 100,000 taxpayers paid some 24% of all income and capital gains tax in 2021/22. Their average bill was in the region of £559,000. This is up 18% compared with the previous year. The top 100 earners paid an average £46m each. This is up by 14%. According to the Wealth Club income and capital gains tax on the top 100,000 has risen by 45% over the past 5 years.
- [<strong>Are you stressed & losing sleep over  how to expand your business?</strong>](https://theiboss.co.uk/are-you-stressed-losing-sleep-over-how-to-expand-your-business/): Increasing numbers of people are stressed and losing sleep worrying over how to expand thier business. A recently Nat-West commissioned report says that 60% of businesses have admitted that 2023 is one of their most stressful years. Top of  the list of the biggest challenges are:
- [Plans to crack down on companies with poor customer service.](https://theiboss.co.uk/plans-to-crack-down-on-companies-with-poor-customer-service/): Information on possible future Government legislation on improving Customer Service.
- [How well do you know your customers?](https://theiboss.co.uk/how-well-do-you-know-your-customers/): Let us at iBOSS help you to really get to know your customers and what they need
- [Successful hive out of a specialist division from a large Law Firm](https://theiboss.co.uk/hive-out-of-specialist-law-firm/): The team at iBoss have increasingly become involved in projects that extend beyond their planning and advisory services. One recent example of this arose when we were approached by a Partner in charge of a specialist division within a prominent Law Firm. His employers offered him the opportunity to hive out his division, which was achieving annual billings of circa £4m, as it was decided that the service offering was one that the Law Firm, for strategic reasons, wanted to exit.
- [Preparing a successful High-tech business for sale](https://theiboss.co.uk/preparing-a-successful-high-tech-business-for-sale/): The team at iBoss have a very broad range of skills and experience in both large and small businesses. As a result, we have increasingly become involved in more major business structuring and development projects, both with and without specialist partners in areas we are not qualified to cover. One very good example of the type of projects we are taking on successfully is as follows:
- [Small business owners report the mental health impact of the pandemic](https://theiboss.co.uk/small-business-owners-report-the-mental-health-impact-of-the-pandemic/): An article in the Daily Mirror highlighted that research carried out for Santander has found that working through the COVID-19 pandemic has led to negative mental health effects for a third of small business owners – while two in five are questioning whether they want to continue running their business. Around 40% of women reported an impact on their mental health, compared to less than a third of men.
- [Business Mentor News: Lockdown encourages new start-ups](https://theiboss.co.uk/business-mentor-news-lockdown-encourages-new-start-ups/): Business mentoring in Northampton iBOSS Ltd - if you need advice for your business planning call us today
- [Business Mentor on NLive Radio – Open for Business](https://theiboss.co.uk/business-mentor-nlive-radio/): We were pleased to be asked to take part in the NLive radio production on Tuesday night at 7-9pm. We spoke about how our business mentor support services help local SMEs. We also got to listen to some great music too, so Listen (or Listen Again) on www.nliveradio.com right now - or catch up with the interviews at https://anchor.fm/nliveopen4business 
- [Business News – UK start-ups adapting to survive the crisis](https://theiboss.co.uk/business-news-uk-start-ups-adapting-to-survive-the-crisis/): In an article in Business Money Richard Bearman, managing director of Start Up Loans, commented: “I am in awe at the determination and creativity of small business owners across the UK, who have not only survived COVID-19 thus far but have actively capitalised on the new trends it has created by always staying one step ahead of the curb.
- [Business News: SMEs detail pandemic impact](https://theiboss.co.uk/business-news-pandemic-impact-on-smes/): iBOSS Business News Comment:
- [FREE BUSINESS ADVICE – ‘it’s good to talk.’](https://theiboss.co.uk/free-business-advice-its-good-to-talk/): iBOSS loves to give free business advice to all our clients. This is our advice today!
- [Older freelancers hit hardest by coronavirus](https://theiboss.co.uk/older-freelancers-hit-hardest-by-coronavirus/): Business support is high in demand right now. An article in The Times has highlighted that those self-employed and over 65’s have been particularly affected by the COVID-19 pandemic – with those in both camps faring even worse.
- [Nearly a fifth of small businesses would not survive the second lockdown](https://theiboss.co.uk/nearly-a-fifth-of-small-businesses-would-not-survive-the-second-lockdown/): iBOSS News -Nearly a fifth of small businesses would not survive the second lockdown
- [Cyber Security and Working from Home](https://theiboss.co.uk/cyber-security-and-working-from-home/): Dolly Parton sang about "Working 9-5" and for many office workers, this described their work week perfectly. Then COVID happened and working hours have become a lot more blurred.Aside from the human implications of life and work becoming blurred, the Cyber Security implications can be dire. We have not only moved away from our office desks but also our office networks. Networks that are secured with firewalls, intrusions prevention systems and web filters.
- [New SME grant scheme launches this month](https://theiboss.co.uk/grant-scheme-funding-for-small-businesses/): This week I sat in on a network meeting where Ruth Cozens from SEMLEP – South East Midlands Local Enterprise Partnership gave us an excellent update regarding a new grant-funding scheme. It launches this month to help SMEs recover from the impact of COVID-19. The £20m fund, will distribute grants of between £1,000 and £5,000 and will be administered by growth hubs led by Local Enterprise Partnerships. Understandably there will be huge interest and demand from SME’s. £20m does not go a long way these days!At iBOSS we help SME’s the best way to start a business, turnaround a business or grow your business during difficult times.
- [Women inspired to launch businesses due to COVID-19 situation](https://theiboss.co.uk/women-inspired-to-launch-businesses-due-to-covid-19-situation/): Now more than ever, new potential businesses need new start up business advice from a professional The initial excitement and euphoria of starting a new business can quickly dissipate if the business model isn't thought through thoroughly. Money from redundancy, savings or a family loan can soon run out.

## Pages
- [Business Coach Daventry](https://theiboss.co.uk/business-coaching-daventry/): Business Coach Daventry - Hands On Business Coaching & Support For Daventry Business Owners Who Need More Than Just Advice
- [Improve Your Business Sales & Profits](https://theiboss.co.uk/improve-your-business-sales-profits/): Helping Businesses Increase Sales, Improve Profitability & Grow Smarter
- [Business Coaching](https://theiboss.co.uk/business-coaching/): Hands-On Business Coaching & Support For Business Owners Who Need More Than Just Advice
- [Help With Selling A Business](https://theiboss.co.uk/help-with-selling-a-business/): Selling a business is one of the biggest financial and personal decisions a business owner will ever make.
- [Help With Buying A Business](https://theiboss.co.uk/help-with-buying-a-business/): Buying a business can be one of the biggest and most important decisions you ever make.
- [Home 2](https://theiboss.co.uk/home-2/): Helping Business Owners Grow, Buy, Sell & Improve Their Business, By Working Alongside You
- [News](https://theiboss.co.uk/news/)
- [Blog](https://theiboss.co.uk/helpful-advice/)
- [Home](https://theiboss.co.uk/): More than business coaching, this is Interim Management Support, we step in and work inside your business with you.
- [Useful Business Contacts](https://theiboss.co.uk/useful-business-contacts/): If you would like to appear in this business directory and up to 20 others for free and can arrange to add a list to your website please contact us.
- [Success Stories](https://theiboss.co.uk/success-stories/): The Enquiry
- [Our Services](https://theiboss.co.uk/our-services/): Level 1 Support
- [About Us](https://theiboss.co.uk/about-us/): Independent Business Owners Support Services Ltd (iBoss) was set up by Peter Douglas, Phil Jones and John Landers, and now run by Phil & John, who between them have a wide range of experience in most aspects required for running successful SME businesses. As can be seen from our below, between us we have had many successful roles in a wide range of industries. With the addition of our Interim Management Support service we offer far more than just business consultancy or Mentoring.
- [Cookie Policy (UK)](https://theiboss.co.uk/cookie-policy-uk/): This Cookie Policy was last updated on 9 July 2025 and applies to citizens and legal permanent residents of the United Kingdom.
- [Contact Us](https://theiboss.co.uk/contact-us/): Phil Jones - Director