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4

Jul

FSB urges government to improve supply chain procedures

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Posted by:     |     Category: Blog
supply chain

A new report from the Federation of Small Businesses (FSB) has revealed that many small firms in the supply chain of public sector projects suffer as a result of late payment. The study suggests that 25% of small businesses in public supply chains have experienced late payment more than 50% of the time, while only 12% have been provided with the necessary skills to support them. More from the blog: “Late payments remain a...

29

Jun

Government ‘failing to support’ UK entrepreneurs

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Posted by:     |     Category: Blog
UK entrepreneurs

UK entrepreneurs and small businesses are the ‘engine of the economy’ according to the Head of Savings at Aldermore banking group. Representing five five million enterprises and employing over 15 million people in the UK, these businesses are calling on the government to supply them with ‘more support’. What support are UK entrepreneurs looking for? Aldermore found that 80% of entrepreneurs believe that government...

29

Jun

SMEs urge government to simplify UK business rates system

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Posted by:     |     Category: Blog
UK business rates

UK SMEs are urging the government to improve the UK business rates system. In a recent report from banking group Close Brothers, which surveyed the opinions of UK small and medium-sized enterprises, it identified that current support wasn’t working: 71% of SMEs would like the UK business rates system to be made ‘simpler and more flexible’ 49% of SMEs believe that the government is ‘not doing enough’ to help...

21

Jun

Credit for small businesses ‘unaffordable’ for 75%

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Posted by:     |     Category: Blog, Turnaround finance
credit for small businesses

New research from the Federation of Small Businesses (FSB) reveals that credit for small businesses continues to be a financial nightmare. Small businesses are finding it increasingly difficult to access new finance. The latest data showing that only six in ten (60%) small firms that apply for credit are successful. This quarterly figure is at its lowest since Q4 2015, and down considerably from the 74% recorded in Q2 2017. Credit...

20

Jun

Cash ‘no longer king’ in latest payment trends

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Posted by:     |     Category: Blog, News
payment trends

A report published by trade association UK Finance shows that payment trends are changing. By the end of 2017, more payments were made using debit cards, at 13.2 billion payments, than payments made using cash, which totalled 13.1 billion payments. According to UK Finance’s annual Payment Market Review: the number of debit card payments increased by 14% last year when compared to the previous year the use of cash as a form of...


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