eBay has conducted research into the broken bond between British banks and small businesses and found the financial institutions have remained unsupportive of lending, even more so following the coalition between the Conservatives and Liberal Democrats.
Business chiefs need to break a "culture of acceptance" amongst their employees to curb expenses fraud and save over £100m a year.
With every company comprising an executive team with different backgrounds, dynamics, cultures and strategies, it's fair to say the role of the financial director is unlikely to be the same at two businesses. As such, during our Real FD Live event, we looked at the position of the FD and the often underestimated power that comes with it, exploring how those in the role can bring out the best in their boards.
Those running small and medium sized enterprises have so much to do on a day to day basis that every often the hiring fellow directors, useful though it would be, is far down on the agenda.
Growth in the UK economy is now filtering into financial services, although turning that into profitable growth remains a challenge. During a Real FD Live Event, it was found that ownership models, from crowdfunding and private equity, to banks and public markets, have never been as flexible.
A majority 87.5 per cent of British SMEs have claimed their financial advisers have never mentioned crowdfunding or P2P lending opportunities, so a new collaborative “finance matchmaker” service from Workspace and Informed Funding looks to change that.
Across the news it has been suggested that it's looking more and more likely that we are about to see a hung parliament. But when it comes to the next general election, FDs and CFOs would much rather see the Conservative party win outright.
In 2013 it was found that only 14.5 per cent of respondents thought the government's interventions helped businesses in search of finance, but according to the 13th annual FDs' Satisfaction Survey, conducted in partnership with the ICAEW, this problem no longer persists.
A key challenge for any CFO or FD is how to balance day-to-day “heartbeat” responsibilities with significant one-time projects.
In 2014 a CBI and PwC report suggested that the UK's financial sector had a new-found appetite for recruitment, and if their rapid rate of hiring continues then there could be 26,000 more people employed in finance than that of Q2 2013. However, this is still 58,000 fewer jobs than at the end of 2008. Is this due to a skills shortage?
British Gas FD is set to take the top finance role in Heathrow, following José Leo's departure in March.
Deborah Findlay has been named the new finance director of law firm Taylor Wessing.