Search

Redbridge businesses with turnover on the up

08:00 03 January 2013

The number of “active enterprises” in Redbridge is on the up, but the borough remains in the bottom half of the London league table.

A report from the Office for National Statistics reveals that the number of businesses that had turnover and employment increased from 8,115 in 2008 to 10,475 in 2011. But the borough is 22nd out of the 33 for the number of these.

Gary Diamond, vice-chairman of Barkingside Traders Association, said this was due to banks not supporting small businesses. He said: “From the time of these figures, there were problems with the banks not lending money to small businesses. Some businesses started up with no knowledge of what was going on down the line.”

Mick Crocker, vice-chairman of the Redbridge Chamber of Commerce, said high business rates were pushing businesses out. He added: “There are lots of small one-man companies. People start up in a small way hoping to build.”

0 comments

Latest News Stories

15:00
Barkingside's Make Believe Panto

The stars of Barkingside’s Make Believe performing arts company took part in their Christmas pantomime last week.

09:00
Artist Lucy Harrison at the free motion sewing event at Regent Home of Sewing in Ilford

The Ilford Palais nightclub, the Ilford Hippodrome and Fairchilds department store were all famous landmarks in the borough which have now been resigned to history.

Yesterday, 14:34
The mayor and mayoress of Redbridge, Cllr Ashley Kissin and wife Hilary, with their grandchildren at Ken Aston Square's Christmas event

Christmas fever officially came to Barkingside last night at the switch-on for the festive lights.

Yesterday, 13:20
Shazim Zaheer and other children in Pakistan remembering the victims. Picture: Abida Iqbal

The world has stood united in sorrow and horror since the Peshawar school attack, which saw more than 100 children murdered by the Pakistani Taliban.

Most read news

And they have a role to play in saving their species.

Twinkle, twinkle you little stars – thanks for making your homes so festive.

Offers for university places are at a record high.

Digital Edition

Image
Read the Ilford Recorder e-edition today E-edition