Linked Finance is set to lend €50m to SMEs across Ireland at discounted rates in partnership with the Strategic Banking Corporation of Ireland (SBCI). Businesses that have seen costs rise by over 10% because of the conflict in Ukraine will be eligible to receive loans at a discount of 20%. The Ukraine Credit Guarantee Scheme […]
Tradespeople are being urged to step up cyber security measures after new figures revealed almost a quarter of the industry had fallen victim to online criminals in the last 12 months. Research by commercial insurer NFU Mutual showed that 23% of those surveyed said they or their businesses had suffered a cyber attack or cyber […]
Almost a third (31%) of business owners admit to having at least one failed business, according to research from Charles Stanley. Of those who have had their business fail in the past, 16% stated they’ve had more than one business failure. However, while an entrepreneur may have set up a business that didn’t survive before, […]
Ahead of the Spring Budget, Purbeck Personal Guarantee Insurance a business on the frontline supporting small business owners as they struggle to secure finance, has set out a wishlist for the chancellor. Purbeck’s data shows that the owners of small businesses are under more pressure than ever to put their personal finances up as security […]
The number of registered company insolvencies in January 2024 was 1,769 – a 5% increase from the same month last year (1,685 in January 2023) according to new figures. There were 339 compulsory liquidations in January 2024, up 66% year-on-year. The number of creditors’ voluntary liquidations (CVLs) was 1,294, administrations were at 120 and there […]
CapitalBox, the leading fintech lender for small- and medium-sized enterprises in Europe, announces today the official launch of its brand-new comprehensive collateral lending program. These secured installment loans are designed to meet the needs of traditionally underserved European small- and medium-sized enterprises. The launch represents a significant expansion in CapitalBox’s lending offerings. CapitalBox’s new collateral […]
The Lending Standards Board (LSB) has published the outcomes of its review of the Standards of Lending Practice for business customers (‘the business Standards’), identifying new opportunities to strengthen customer protections with practical guidance for banks and lenders. Following an industry-wide consultation, and drawing on its own compliance and research findings, the LSB will enhance […]
New research by UK top ten accountancy and advisory firm Azets has revealed that fewer than one in ten UK businesses have succession planning fully integrated into their strategy, despite 30% of companies demonstrating a widespread recognition of its importance. The Azets Barometer January 2024 survey shows that more than half (58%) of businesses have […]
London is experiencing a start-up boom, with over 31,000 new businesses starting up last year – a rise of 20% on the number of new companies registered in 2022. This makes London the second fastest growing region in the UK for newly registered businesses in 2023, losing out on first place to Northern Ireland (+59%). […]
The New Startup Index from NatWest and Beauhurst, published today, has found that over 900,000 new companies were incorporated in the UK in 2023, making it a record year for new businesses. The start-up boom brings the number of active companies operating in the UK to 5.31m, also a UK record high, pointing towards continued […]
