Advisors plan support for small firms

PUBLISHED: 14:33 02 March 2006 | UPDATED: 13:17 04 May 2010

ELY-based business advisors Price Bailey is at the forefront of a new initiative established by the UK200Group to help small and medium firms with strategic development and planning. Nick Mayhew, chairman of UK200Group s new Business Strategy Panel and a

ELY-based business advisors Price Bailey is at the forefront of a new initiative established by the UK200Group to help small and medium firms with strategic development and planning.

Nick Mayhew, chairman of UK200Group's new Business Strategy Panel and a partner in Price Bailey LLP Business Advisers and Chartered Accountants, says most small and medium sized businesses are doomed to stay small, unprofitable and ultimately to fail.

"It is a huge frustration for our members, dedicated to supporting their clients and passionate about the small business sector to witness small firms who will not spend the time or money needed to develop successful strategies. Experience has shown us that genuinely dynamic small businesses can succeed in growing strategically.

"Businesses have used strategic planning to generate successful outcomes, be that through sustainability, more profitability, or growth, since commerce began. The large companies and some of the well known and very successful small businesses do it extremely well. UK200Group Business Strategy Panel do not believe most small companies have woken up to the opportunities or the new competitive threats they face."

UK200Group's business strategy panel will bring a clear choice of strategic advisers for SME's, under the ethos of quality assurance and professionalism - the brand UK200Group. The panel provides a national source with a proven track record from the industry that business people most often turn to for help, in a fragmented and confusing advice market.

INFO: The strategic development team within Price Bailey is led by Nick Mayhew and Paul Cullen. They can be contacted on 07767 201450 and 07771 560237.

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