Women business owners in the UK receive a third of the amount of start-up
finance as male counterparts, prompting concerns that this could exacerbate the
entrepreneurial gulf between the sexes.
The ACCA research also revealed that women were less likely to use external
financing as their business grew. Victoria Johnson, senior policy adviser at
ACCA, said no progress had been made in the last seven years in boosting women
entrepreneurs’ access to finance.
‘Banks say they are undercapitalised. If start-ups don’t have enough funding,
it could stop the business growing and could ultimately lead to it failing,’ she
While male entrepreneurs ranked accountants as the main source for business
advice, women in the sample were more likely to go to friends and family or a
local Business Link, ranking accountants fifth in their list.
ACCA will launch the research at an event with MPs next Monday.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.