Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme for small business across the UK. The scheme is intended to target small and micro businesses in all sectors, with loans from £2k up to 25% of the business’ turnover with a maximum […]
Due to the Covid-19 pandemic, accountants have ‘crashed in’ to their new role as ’24-Hour Digital Accountancy People’ according to Prism’s new whitepaper, ‘Digitising Accountancy: Breaking New Ground In A Challenging World’. Covid-19 is fast-tracking digital transformation in companies, and therefore accountants. According to Prism: “The business world operates 24/7 and accountants need to realise […]
The latest production figures, released today by SMMT, highlight just how devastating coronavirus has been for the UK automotive sector. Over the course of April, car manufacturing plummeted by -99.7%, with just 197 units made, the lowest level seen since World War Two. All of the cars that left factory gates in the month were […]
Gorgie Dental is a four-surgery, mixed-income dental practice which has been established for over 100 years. The selling Partners, Stephen Clark (manager) and Gareth Forde (principal), bought the practice in 2014, and in recent years they structured the business to be mainly Associate led – an appealing proposition for owners. Commenting on the sale, Stephen […]
Overall business confidence fell in May by a further percentage point to -33%, according to the Lloyds Bank Commercial Banking Business Barometer, sitting at the all-time lowest level recorded in December 2008 during the global financial crisis. The decline illustrates that little has changed in terms of sentiment for UK businesses, following the sharp fall […]
A new report from Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions (NYSE: AON), has examined the Gig Economy using new research from HR and gig workers from across Europe to help organisations better understand potential impacts. The report, Gig Economy: Financial Security or Greater Control, […]
With the number of UK SMEs in significant financial distress reaching over 500,000 due to Covid-19, leading invoice insurance provider Nimbla has teamed up with SME credit risk assessment platform, Wiserfunding, to improve the availability and pricing of commercial credit insurance. This will ensure that SMEs can continue trading and prevent the UK economy from […]
Regional leaders have called on government to allow the West Midlands to become a national test bed for an early reopening of the tourism, hospitality and cultural sector. Mayor of the West Midlands Andy Street, Fiona Allan, chair of the West Midlands Tourism Board and CEO of Birmingham Hippodrome and Martin Sutherland, chair of the […]
Leading UK invoice finance firm Optimum Finance has launched a support service designed for firms in the healthcare sector called Optimum Medic. Optimum Medic is a specialist invoice finance service designed for businesses supplying the healthcare, medical and pharmacy sectors in the UK. The new initiative comes on the back of a Covid-19 support package […]
Figures published by HM Treasury today reveal how the banking and finance sector is helping businesses of all sizes get through these tough times. Lenders have approved £27.5 billion to more than 650,000 businesses so far through the three major government-backed lending schemes. The industry is providing an unprecedented level of support to businesses across […]
