Following the FSB’s Super-Complaint to the FCA over SME lending practices, including the use of personal guarantees on small business loans, new data from Purbeck Personal Guarantee Insurance has revealed that 7% of the low-value, personal guarantee-backed loans it has protected have been for under £10,000, while 16% have been for under £19,999. The data […]
Contractors and freelancers are becoming increasingly concerned about late payment of invoices with more than a quarter reporting some payments are settled at least 60 days late, new research* from Workwell & IPSE shows. The study by Workwell & IPSE found nearly half (49%) are concerned about the ongoing issue of late payments with 11% […]
The UK’s small retailers plan to invest in new technology in the year ahead as part of strategies to drive business growth and improve customer experience, according to the latest research from American Express. Asked about how they planned to safeguard their business this year, the survey of independent retail and hospitality business owners found […]
Peninsula Group conducted a survey of 79,000 SME’s across 5 countries – Australia, Canada, Ireland, New Zealand, and the UK – to see what the top priorities and concerns were for employers in 2024. The global survey revealed: Growth is the main business goal for 44.7% of SME’s; a significant drop from 58.7% this time […]
New independent research conducted by BVA BDRC for UK Finance shows that despite a challenging economic outlook, ethnic minority owned businesses (EMBs) are more likely than most SMEs to have ambition for the future. They are also more likely to take risks to grow and be trading overseas. Key findings: 61 % of UK EMBs […]
Leading private credit investor TDC has secured additional commitments to its Impact Fund, unlocking vital resources for ambitious small businesses in the North of England. The Impact Fund, which focuses on driving job creation across the North of England, was launched in May 2022 after securing cornerstone commitments totaling £40m from British Business Investments and […]
As this year’s festivities draw closer, three quarters (76%) of UK shoppers agree that the cost of living crisis is impacting their ability to spend this Christmas season, with 60% planning to spend less than last year, according to a poll of Airtime Rewards members. For those shoppers who are planning to spend less over the holidays, […]
Research from Intuit QuickBooks reveals the critical role of accounting professionals in helping UK SMBs navigate the now prolonged, cost of living crisis. According to the research, rising cost of living has led 43% of SMBs who have accountants to seek more support from them with forecasting so that they can plan ahead. More than […]
With Christmas around the corner, small and medium-sized businesses across the UK are hoping for a much-needed surge in customer spending. Research from iwoca, one of Europe’s largest small business lenders, reveals that more than two in five (44%) SME owners expect to generate over a quarter of their revenue during the festive period. More […]
Bah humbug! Christmas is not the season for lenders to be restrictive on lending, according to new research. As we count down to a peak trading period, the percentage of small business owners that say they would have to abandon growth plans if they were unable to secure funding has reached a six-year high (57%). […]
