Research by financial management solutions provider QSP, explains that the spate of UK dot.com disasters including boo.com proves the market expects online companies to grow up and show a sound business model.
The research, which looked at 100 dot.coms, found 94% cited financial management as essential for rapid growth – while 62% thought it was difficult to control growth in an internet environment.
A QSP spokesman said: ‘Lack of financial control and cashflow will cause the death of dot.coms, not good or bad ideas.’ When looking for financial advice, 70% of companies would turn to their accountant, the survey said.
- About three-quarters of the UK’s dot.com millionaires live within a ten-mile radius of Notting Hill, the Independent newspaper reported today. Research by Deloitte & Touche found dot.com stars Martha Lane Fox of Lastminute.com and QXL’s Tim Jackson were among the new economy’s big earners who lived in the area.
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
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
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast