New research carried out across the UK has revealed that employee-owned businesses (EOBs) are outperforming the UK’s national productivity trend by being between 8-12% more productive than non-EOBs, based on Gross Value Added (GVA) per employee. South Yorkshire manufacturer Gripple was part of this research project, which compared nine per cent of EOBs in the […]
Microbusinesses generate new jobs, raise income and significantly increase GDP in their local communities, according to a landmark report that pinpoints he tangible economic benefits that entrepreneurs bring to their local areas. The findings come from Venture Forward, an annual international research initiative by GoDaddy and additional analysis from economics consultancy Frontier Economics. In what […]
Web scraping and big data allow eCommerce businesses to gain insights from their competitors and get the most up-to-date information on pricing, promotions, and market trends. This is according to the leading web intelligence collection platform Oxylabs. As Black Friday and Christmas sales draw closer, competitiveness continues to grow, forcing eCommerce businesses to collect as […]
Trafalgar, a Mexico-based financial services provider for SMEs (regulated SOFIPO), today announces its partnership with Thought Machine, the cloud-native banking technology company, to create Mexico’s first fintech deployed on next-generation core technology. Trafalgar will use Thought Machine’s core banking platform, Vault Core, and develop a suite of additional financial services, including digital cards, POS systems, […]
Today, Cashflows, the platform that makes it easy for businesses to accept payments, launches Cashflows Advance – a new service that enables eligible merchants to access frictionless funding without the fixed monthly repayments of traditional funding. With more than a third (36%) of SMEs using external finance in 2022, Cashflows Advance is redefining business funding […]
UK Export Finance (UKEF) announces today at its annual conference that it is introducing more flexible, fast-track financing for small businesses – making it easier than ever for UK firms to sell in international markets. More fast-track funding for small UK exporters The export credit agency has expanded its ‘auto-inclusion’ scheme which provides fast-track access […]
New research from Marktlink, the independent international mergers and acquisitions (M&A) advisory firm, with a UK base in Manchester, reveals that 47% of SME leaders have considered buying another business in the past year. Of these, nearly two thirds (64%) are planning to purchase another company in the next five years. UK entrepreneurs are most likely […]
The announcement that taxes already paid by workers who were incorrectly categorised as outside the scope of off-payroll working rules (also known as IR35) can be offset against the tax due from their deemed employer is welcome, says the Chartered Institute of Taxation (CIOT). The government has confirmed that legislation will be brought forward so […]
Ed Rimmer, Time Finance chief executive officer Prompt Payment & Cashflow Review “The chancellor spoke of supply side reforms in this year’s Autumn Statement, and announced measures to clamp down on late payment practices. This begs the question, what about the businesses that don’t have large government contracts? Should the same payment practices not apply […]
As corporate giants thrive, and the UK’s entrepreneurial hubs witness the birth of over 700,000 new registered businesses annually, one question stands out: where are the UK’s most favourable cities for business success? Eager to find out which locations in the UK are home to the most corporate giants, experts at Alan Boswell Commercial Insurance […]
