The founder of a boating navigation app has been named the UK’s most successful scale-up entrepreneur this year due to “huge user growth.” The innovator in the application of graphene told the London Stock Exchange that an equity raise was not possible amid efforts to find funding as it faces the prospect of running out of money by the end of January. It blamed what it called “unfavorable...
This year, a boating navigation app founder was named the UK’s most successful scale-up entrepreneur after he experienced “huge user growth.” As part of the Great British Entrepreneur Awards 2022, Jelte Liebrand, founder of Savvy Navvy, was awarded the accolade for developing marine technology. It has nearly doubled its users in over 100 countries worldwide in the last year, according to the...
Keep a running check on your expenditures to ensure you’re in control of your finances. It may provide insight into your spending patterns in addition to assisting you in tracking where your money goes. The good news is that there are various ways to keep track of your expenditures. While some people like the more manual approach, others like to create a spreadsheet and note each transaction as...
The digital services tax has reaped almost £360m from US tech giants including the first year Amazon, Google, and Apple, growing better from digital businesses than they have been paying in UK corporation tax.A National Audit Office (NAO) report found the UK’s digital services tax, introduced in April 2020 and imposes a 2% charge on the gross revenues made by digital titans running search...
The hashtag “RIPTwitter” is trending, and many users are scrambling to download their data. Also, they suggest alternative ways for people to find them, like consumer champion Martin Lewis, who has two million Twitter followers but has yet to figure out Mastodon. Musk, Twitter’s new chief, took to Twitter’s Twitter page to share a meme depicting a gravestone with the Twitter logo. As a result...
The cost of plans to break the dominance of the Big Four accounting firms by forcing the large UK companies to hire two sets of auditors has increased fivefold to about £1bn over 10 years, according to the most delinquent state assessments. The impact of the managed shared audit proposal was put at £210mn last year as part of a public consultation on a long-awaited box of audit and corporate...
One of the website owners that lets dealers advertise vehicles to cryptocurrency users has made the first Bitcoin sale in the UK. Near Redhill, AutoCoinCars co-founder, and chief operating officer Luke Willmott helped partner dealership Church’s Performance Cars sell a Suzuki GSXR1000, a Ducati Panigale V4S, and a Honda CBR1000RR Fireblade. The online marketplace, which has over 850 dealerships...
Accordingly, to data released by the Kingdom Office for National Statistics, the economy is deteriorating in Great Britain, month after month, confirming the technical recession could be within December GDP figures after it fell negative in August.Production is negative consumer spending is declining, hit by the last 40years’ record inflation and not yet well supported by the new government. In...
The UK Treasury has opened an account on Discord to a flood of vitriol from users of the gamer-focused chat app – abuse they managed to send despite the government blocking all comments on the service.Twitter’s future looks increasingly uncertain, prominent users preparing alternatives, directing followers to Facebook and handing out their Mastodon addresses to Instagram accounts, and setting up...
The management team of JE Technical Marine Services Ltd, a marine technology integrator, has completed a seven-figure MBO from the company’s current shareholders. The transaction was led by the team at Capital Law and supported by the team at Capital Corporate Finance. JE Technical Marine Services Ltd was established in 2007 and provided comprehensive design and technical services to the UK and...