PRESS-NEWS.org - Press Release Distribution
PRESS RELEASES DISTRIBUTION

Survey by FRP Advisory LLP shows private sector growth not strong enough to absorb public sector cuts

Specialist restructuring, recovery and insolvency firm, FRP Advisory LLP, issues findings following survey of senior managers and partners from banks, commercial lenders and law firms.

2010-08-13
LONDON, ENGLAND, August 13, 2010 (Press-News.org) An overwhelming 83% of senior financial and legal professionals believe private sector growth over the next 2 years will not be enough to support the influx into the labour market caused by public sector spending cuts, according to a recent survey by FRP Advisory LLP, the restructuring, recovery and insolvency specialist.

The firm surveyed more than 100 senior managers and partners in July from banks, commercial lenders and law firms.

Commenting on the results, Simon Glyn, partner at FRP Advisory, said: "The experience of advisers is that clients are still wary of expanding too quickly and do not envisage significant levels of growth over the next couple of years. Forecast growth would have to be exceptionally high among privately-held businesses to absorb the 40% public sector cuts - which equate to thousands of jobs, and that simply isn't the case."

The survey also found that 57% of respondents believe it is no easier now, versus 12 months ago, for businesses to secure bank funding. Simon Glyn believes that this, coupled with a stumbling recovery highlighted today by the Bank of England revising its 2011 economic growth forecast down from 3.4% to 2.5%, means the private sector will remain cautious in the short-term.

"The recovery is tentative, making business leaders circumspect in their outlook. Particularly in the SME community where, for many owner-managers, it is very much about nurturing and protecting signs of growth and consolidating the business. This caution is being mirrored by banks and, while securing finance is relatively challenging, the appetite for aggressive expansion will also remain subdued."
- Ends -

Contacts for FRP Advisory:

Kate Macnamara
Grayling
Tel: +44 (0)121 265 2761
Mobile: +44 (0)771 422 2793
Email: kate.macnamara@grayling.com

Georgina Swain
FRP Advisory Press Office
Tel: +44 (0) 207 467 4297
Mobile: +44 (0) 7881 523 345
Email: nationalpressoffice@frpadvisory.com

Click here for information about Simon Glyn: http://www.frpadvisory.com/aboutus_people_simon_glyn.html

About FRP Advisory

FRP Advisory LLP is focused on creating, preserving and recovering value for its clients.

The firm offers a comprehensive suite of services to the mid-market and financial community. These focus on enhancing the performance of businesses, as well as saving businesses in distress.

Services include: commercial & asset finance, corporate insolvency, restructuring, independent business reviews, interim management & placement services, personal insolvency & advisory, creditor services, insolvency investigation services and banking live-side support.

With 28 partners and 200 staff, FRP Advisory is one of the largest restructuring, recovery and insolvency firms in the UK, operating out of 9 locations including London, Bexleyheath, Hornchurch, Birmingham, Manchester, Leicester, North East, St Albans and Worthing.

To find out more, visit http://www.frpadvisory.com

http://www.frpadvisory.com/news_2010-08-11.html


ELSE PRESS RELEASES FROM THIS DATE:

Technology Association of Georgia Launches FinTech Society to Promote Georgia's Financial Technology Industry

2010-08-13
Recognizing that Georgia generates more than $34 billion annually from the financial technology (FinTech) sector; the Technology Association of Georgia (TAG) has formed a society to promote and further the interests of Georgia's FinTech companies, employees, and investors. TAG FinTech's mission includes building recognition of Georgia as the business center of choice for the world's leading financial technology providers and fostering a business environment to help grow the industry and attract investment. "Financial technology is one of Georgia's leading industry sectors," ...

A Positive but Uncertain future for the Business Transfer Market, says BusinessesForSale.com

2010-08-13
The survey results point to many prospective business buyers being keen to capitalise on low credit rates and a perceived buyers market for business opportunities. By far the most common reason given by the 86% who believe it's the right time to buy a business is that continuing economic uncertainty promises low prices, with about half (49%) citing this reason. The overall picture is far from clear though, conversely an overwhelming majority (97%) of business brokers said that the sales cycle was taking longer than before the financial crash in 2008, with 43% saying ...

Achieve Lasting Wellness At New Bridge Foundation Drug And Alcohol Treatment Center

2010-08-13
New Bridge Foundation rehabilitation facility has been serving the community for over 40 years and is regarded among the most successful alcohol and drug treatment centers in California. All of our substance abuse treatment plans are tailored to fit the needs of the individual and are result-oriented and solution-focused in a nurturing and structured environment. The goal of New Bridge Foundation's treatment center is to educate, enlighten and improve the quality of the lives of our clients. Our outcome studies reveal that our graduates enjoy lives free from drug and ...

Technology transfer out of the Blue

2010-08-13
It's a quirk of technology, but not all websites can be viewed on the new iPad and mobile devices as they can on laptops and desktop computers. It's that anomaly that is causing businesses a headache, but one Berkshire company has set out to correct this issue with their new design service. Linear Blue, a web and database development company based in Hurst, is redesigning websites utilising HTML5 which enables websites to be viewed on all desktop and mobile platforms. One of the first Reading companies to trial it is Rabbits Vehicle Hire. Rabbit's Steve Dore said: ...

The Kat Burki Essence: A Twist of Tuberose, will be at the NYIGF (New York International Gift Fair) August 15-19, 2010, with an entire new line of natural scents.

2010-08-13
Kat Burki Inc., Southport CT, a chic and sophisticated retailer offering home furnishings and body and bath luxury products, has announced new additions to their elegant and popular body and bath, Signature Collection. The new offering includes five new refreshing fragrances that have been added to the classic five fragrances currently available in their bath & body line of soaps, natural soy candles, and body crèmes. Kat Burki, founder of the company, describes the new fragrances... "I wanted to add to our body and bath signature collection with invigorating, comfortable ...

WhatsOnWilmington.com Named 2010 Wilmington Webbie Award Winner

2010-08-13
WhatsOnWilmington.com, a website dedicated to Wilmington, N.C. events, has been named the 2010 Wilmington Webbie Winner by Encore Magazine. The Webbie Winner is awarded each year to the best local website (nominated by Encore readers and decided on by Encore employees). WhatsOnWilmington.com is the second annual Webbie Award Winner. WhatsOnWilmington.com is a comprehensive online events calendar dedicated to the greater Wilmington, N.C. area. Each event submission is human-edited by the website's founder and publisher, Ranald Totten. In addition to event submissions ...

LeadMaster Announces Partnership with MarketNet Services

2010-08-13
LeadMaster, a leader in sales and lead management, is proud to announce its affiliate partnership with MarketNet Services, LLC. As affiliate partners, both companies will evaluate customer inquiries with a goal of aligning those potential customers with the lead management solution best suited to their needs. LeadMaster is well suited for those interested in simple, yet robust self-service lead management solutions. MarketNet is positioned to assist those clients with more complicated lead management challenges. LeadMaster has been a leader in sales and lead management ...

AiRISTA's Wi Fi Sensor Technologies

2010-08-13
AiRISTA's Unified Visibility Solutions utilize Wi-Fi Sensor Technologies to automate hospital's refrigeration unit temperature logging and monitoring. Sparks, Maryland - August 4, 2010 - AiRISTA (www.AiRISTA.com) announced the deployment readiness of its highly accurate Wireless Temperature Logging and Monitoring System at local medical center. Sy Sajjad, AiRISTA's CEO states "Mature and highly accurate wireless sensor technologies are very well suited for replacing the current error-prone and time consuming manual logging and continuous monitoring of the conditions ...

Mayne Stage Announces New Shows, Tickets on Sale Friday

2010-08-13
Mayne Stage (1328 W. Morse Ave.; 773-381-4554) announces several new shows for its fall performance schedule including an evening of Brazilian music, artists from the Chicago Guitar Festival, acclaimed indie rock music and more. Brazil in Chicago—A Tribute to Breno Sauer, August 14 On Saturday, August 14 at 8 p.m., transport to South America with the upbeat sounds of Brazilian music with "Brazil in Chicago—A Tribute to Breno Sauer." The first set at 8 p.m. presents The Copacabana Trio featuring Luciano Antonio on guitar and vocals, Neusa Sauer on vocals and Geraldo ...

Reliable Manufacturing reveals date of new What Tool? When? Master Class

2010-08-13
Change management consultancy firm, Reliable Manufacturing, has announced details of its next What Tool? When? Master Class with industry experts Ron Moore and Andrew Fraser. The two-day event will be held at the Holiday Inn Runcorn, near Manchester Airport, on Monday 20th and Tuesday 21st September 2010. There are hundreds of different improvement tools designed to enhance operational performance on the market today - Six Sigma, Lean Manufacturing and Root Cause Analysis, to name but a few. With this multiplicity of methodologies available it is hardly surprising that ...

LAST 30 PRESS RELEASES:

Breakthrough study reveals bumetanide treatment restores early social communication in fragile X syndrome mouse model

Neuroscience leader reveals oxytocin's crucial role beyond the 'love hormone' label

Twelve questions to ask your doctor for better brain health in the new year

Microelectronics Science Research Centers to lead charge on next-generation designs and prototypes

Study identifies genetic cause for yellow nail syndrome

New drug to prevent migraine may start working right away

Good news for people with MS: COVID-19 infection not tied to worsening symptoms

Department of Energy announces $179 million for Microelectronics Science Research Centers

Human-related activities continue to threaten global climate and productivity

Public shows greater acceptance of RSV vaccine as vaccine hesitancy appears to have plateaued

Unraveling the power and influence of language

Gene editing tool reduces Alzheimer’s plaque precursor in mice

TNF inhibitors prevent complications in kids with Crohn's disease, recommended as first-line therapies

Twisted Edison: Bright, elliptically polarized incandescent light

Structural cell protein also directly regulates gene transcription

Breaking boundaries: Researchers isolate quantum coherence in classical light systems

Brain map clarifies neuronal connectivity behind motor function

Researchers find compromised indoor air in homes following Marshall Fire

Months after Colorado's Marshall Fire, residents of surviving homes reported health symptoms, poor air quality

Identification of chemical constituents and blood-absorbed components of Shenqi Fuzheng extract based on UPLC-triple-TOF/MS technology

'Glass fences' hinder Japanese female faculty in international research, study finds

Vector winds forecast by numerical weather prediction models still in need of optimization

New research identifies key cellular mechanism driving Alzheimer’s disease

Trends in buprenorphine dispensing among adolescents and young adults in the US

Emergency department physicians vary widely in their likelihood of hospitalizing a patient, even within the same facility

Firearm and motor vehicle pediatric deaths— intersections of age, sex, race, and ethnicity

Association of state cannabis legalization with cannabis use disorder and cannabis poisoning

Gestational hypertension, preeclampsia, and eclampsia and future neurological disorders

Adoption of “hospital-at-home” programs remains concentrated among larger, urban, not-for-profit and academic hospitals

Unlocking the mysteries of the human gut

[Press-News.org] Survey by FRP Advisory LLP shows private sector growth not strong enough to absorb public sector cuts
Specialist restructuring, recovery and insolvency firm, FRP Advisory LLP, issues findings following survey of senior managers and partners from banks, commercial lenders and law firms.