In This Issue
New pet product is set to take the industry by storm
Screening and responsible breeding are improving dog health, new statistics show
Dog Rocks looks to appoint Head of Sales
Pet shop couple retire after 27 years in the business
Dog owner no longer wanted pet because it was sitting in 'front of the TV while the football was on'
PATS lead results in extra business for AmPet director
Petface introduce ‘Doggy Dino’s’ – a range of dog toys
Turkey Sausages with Cranberry are a festive hit
Top line-up of speakers at first Natural Dog Conference
PetSafe encourages retailers to 'Paws for Thought'
Ceva gives Hope to dogs with its ‘Happy Homes’ initiative
King British launches new website with Advent giveaway
Ex-Pets at Home store manager jailed
Pet food manufacturer fined after injury to teenage worker
Pet Industry Federation announces new member benefit
Nearly 1 million UK cats at higher risk of HIV type virus
Online retailers sees 300% increase in sales on Black Friday
London pet firm expands its reach into the North
Forthglade announces partnership with Guide Dogs
Small businesses forced to borrow to cover essential outgoings
Canterbury's new Pets at Home store opens tomorrow
Three million working days lost caring for sick children
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Small businesses forced to borrow to cover essential outgoings
Almost half of small and medium sized businesses have been forced to urgently borrow money in order to cover basic monthly costs such as wages.

IGF Invoice Finance, who conducted the research, is urging SMEs to seek financial guidance and prepare in advance of the Christmas period, when these essential outgoings peak.

Across all industries, Christmas can bring great opportunity with boosts in sales, increased consumer appetite and preparations for the New Year. However, these often come with the requirement to increase staff headcount, purchase higher volumes of stock and prepare for a reduction in the number of working days. These factors will all lead to a disruption in business and potential strains on cashflow.

Tracy Ewen, managing director at IGF, warns: “Outgoings such as wages are essential to any business and a cost that must be met. This research highlights the struggle that some companies have even during times of ‘business as usual’.  In the winter season we see many businesses experience an increase in these costs and a reduction in the efficiency of managing their income.” 

SMEs can find themselves in treacherous waters without reliable sources of working capital over Christmas because many senior staff responsible for approving supplier payments take holiday during the period.  To counter these festive challenges, small businesses need to ensure that they reach out to sources of free advice well in advance in order to fully prepare for the season of late payments.

Ewen continues: “This year, the Bank Holidays around Christmas further reduce our working days, so we are imploring SMEs to avoid the difficulties of the season. By seeking advice in to the options available, short-term and unsustainable forms of borrowing can be avoided in place of practical and reliable solutions; enabling everyone to enjoy the festivities.”

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