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Small Firm Case Study

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Small Firm Case Study
smalSNC
International Foundation in Management and Economics

Small Firms Case Study
Management & Finance

Dan Lu, Cicy

Contents

Introduction

Failure
Romida Sports
Wallace King Interiors

Success
Tailwaggers
The Granary

Conclusion

Bibliography

Introduction

What is a small firm?

A small firm is usually owned privately in a personalized way in the form of corporations, partnerships, or sole proprietorships.

Usual employees in a small firm

Fewer than 15, Australia
Fewer than 50, EU
Fewer than 500, America

How is a company defined as a small firm?

Market share
Number of employees
Sales
Net profits
Assets

Typical examples of a small firm

Photographers
Tradesmen
Hairdressers
Restaurants

Terms related with a small firm

LTD = Private Limited Company
PLC = Public Limited Company
Sole trader Source: http://en.wikipedia.org/wiki/Small_business#Demographics

Failure

Because of the financial crisis in 2008, economy in Britain has not recovered yet. 120 firms per day were on the way to closure on the according to the true figure and the unemployment rate in 2011, according to Becky Barrow (2011).

Source: http://www.dailymail.co.uk/news/article-2050270/UK-economic-crisis-120-firms-day-going-bust-fears-thousands-year.html

Romida Sports

Location: Rochdale, Maghull, Brighouse and Leatherhead in Surrey
Company type: Private Limited Company with share capital
Business activity: Cricketing retailer
Number of employees: 10
Legal requirements for a LTD Company
Full registered company name
Number and place of company registration
The company registered address and the address of its place of business

*You don’t need to tell the directors’ name, but if you make the choice to name directors, then all directors must be included.

Brief introduction:
Romida Sports focuses on a niche market which specialized in doing cricketing from 30 years ago, but


Bibliography: Bareham, D (2012) “Norfolk furniture store Wallace King set to close ‘within weeks’”. Retrieved November 4, 2012, from http://www.edp24.co.uk/business/norfolk_furniture_store_wallace_king_set_to_close_within_weeks_1_1366808 Barrow, B (2011) “120 firms a day are going bust with fears there will be thousands more this year”. Retrieved November 2, 2012, from http://www.dailymail.co.uk/news/article-2050270/UK-economic-crisis-120-firms-day-going-bust-fears-thousands-year.html BBC (2012), “英国四月降雨量“百年最高” Retrieved November 3, 2012, from http://www.bbc.co.uk/ukchina/simp/uk_life/2012/05/120501_life_wettest_april.shtml BBC (2012), “Economy shows optimistic signs - Bank of England deputy”. Retrieved November 6, 2012, from http://www.bbc.co.uk/news/business-20116227 BBC (2012), “UK GDP figures: As it happened - news and reaction”. Retrieved November 6, 2012, from http://www.bbc.co.uk/news/20078596 Boompedia, “Todd Warner’s Success Story” Retrieved November 4, 2012, from http://www.boompedia.com/success/3377/Todd_Warner/ DUEDIL (2012), “Romida Sports Limited” Retrieved November 3, 2012, from https://www.duedil.com/company/01438376/romida-sports-limited DUEDIL (2012), “Wallace King Interiors Limited” Retrieved November 4, 2012, from Retrieved November 4, 2012, from http://companies.findthecompany.com/l/12303655/Tailwaggers-in-Los-Angeles-CA Retrieved November 8, 2012, from http://maps.google.co.uk/maps?hl=en&tab=wl Retrieved November 4, 2012, from http://www.interiorsmonthly.co.uk/index.php?option=com_content&view=article&id=306:news-latest-end-for-wallace-king&catid=80:news-latest&Itemid=477 Retrieved November 3, 2012, from https://romida.co.uk Retrieved November 3, 2012, from http://www.startups.co.uk/letterhead-legal-requirements.html Retrieved November 4, 2012, from http://www.tailwaggerspets.com Retrieved November 6, 2012, from http://en.wikipedia.org/wiki/Small_business#Demographics Zientek, H (2012), “Wet summer and Olympics blamed as Romida Sports goes into administration”. Retrieved November 3, 2012, from http://www.examiner.co.uk/news/local-west-yorkshire-news/2012/10/06/wet-summer-and-olympics-blamed-as-romida-sports-goes-into-administration-86081-31977464/
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